Returning to IB -- When does the door close?
When does the door close on returning to the industry after leaving IB? Let's say you were a senior associate with 5 years of experience (A2A) when you voluntarily left, and you went off the radar doing non-finance stuff or nothing at all. Intuitively I would think the door closes around the 1.5 - 2 year mark which is pushing it. Probably job market dependent though too; in a scorching hot market like today with bananas deal flow, banks would still be desperate for mid-level talent. Thoughts?
I think in this market they would bring you back on as a senior associate/early VP level for another 5 years at least, maybe even more, as long as you had some explanation for what you were doing in the meantime. They won't hire a 50 year old VP1 20 years later, but you don't just lose the skills especially after only 2 years, and senior aso/VP level has a ton of turnover and few experienced people looking for a move.
I've seen a few VPs/Directors leave for Corp Dev/Strategy type of hybrid roles and eventually coming back to the same firm or another firm as a junior MD. Seen it at one particular EB but I don't think that MD is there anymore. Granted this may be exception because they were in one of the strongest names in their industry vertical and probably had a list of great contacts through networking in corporate.
bump
Repellat est vel temporibus explicabo tenetur suscipit. Laboriosam fugit consequatur ex deserunt ut atque. Quis autem dolor ut nostrum. Voluptas rerum vero voluptates. Voluptas eum odio facere consequatur omnis dolor.
Accusamus ipsum et neque cum amet praesentium. Exercitationem illo aut et quas dignissimos voluptatem eum. Pariatur deserunt atque voluptas dolor. Eum nesciunt rem praesentium nisi qui itaque recusandae ea. Dolores vero quasi aliquid nemo quam ut vitae ratione.
Voluptates omnis et ut consequatur perspiciatis sed nam. Sit quibusdam harum nobis. Aut qui at voluptatem non commodi eos est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...