Seeking career advice exiting out of IB

Hey WSO! I would love to get the forum's thoughts on what path to take to maximize career fulfillment and interests

A bit about me: I am an incoming analyst at a BB (GS/MS/JPM) who is interested in investing. I enjoy following the markets and spend a lot of time reading the financial news + investor letters + exploring new companies. I enjoy the process of learning new things and how they can be linked to markets and businesses. I am an ardent believer in the Warren Buffett school of thought and want to eventually find myself in a place where I can spend a lot of time thinking about making investment decisions based on company fundamentals. 

With on-cycle recruiting expected to kick off shortly after I hit the desk, I am pressed with a decision: Do I pursue the path of PE recruiting, building the required skillsets to eventually enter the public markets, or just sit through the PE recruiting and work towards working straight at a hedge fund or any long-only fund? 

I understand that with PE, you get intense modeling experience and a look at various businesses to sharpen one's investing framework. However, based on reading threads on this site, the majority of the work in PE is just focusing on deliverables and cranking out whatever the senior leadership expects rather than doing a lot of true diligence work. 

Based on my summer and seeing the analysts at my firm, I think that I will be getting that experience regardless in banking so I don't know if PE will be worthwhile for me. The notion that the grass will be greener on the other side is something that I have been spending a lot of time thinking about and do not know if it is. The main benefit of PE I have thought is better exposure to quality funds but given the current investment results of the firms which recruit from PE, it is not a given of true investment performance. Are the exits to the publics from IB more mediocre compared to PE funds?  

I realize that this might be a bit of a longer post but would love any advice! Thanks in advance!

1 Comments
 

Sit ea pariatur error id ullam in optio magnam. Quia perspiciatis nisi impedit officiis veniam nobis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”