What would you do if your only FT offer was LMM M&A? Need advice
Hi guys,
Currently holding a FT return offer from a LMM IB boutique. Interned there this last summer and was one of the first employees.
Deal flow is incredible, in the summer I worked on a handful of live deals as well as some pitching. I even managed to originate a deal (25m EV). But my concerns are:
- Not a strong brand name
- Lesser modelling experience (most deals are done on precedents, although I did do a fair bit of 3 statement forecasting)
- I’m based in London and quite concerned about the difficulty of lateraling from LMM to MM IB
- Pay is below street
How would you guys advise I plan my career from this point? I was considering working for a few years then doing an MBA in US/try my best to lateral into MM.
Another option is to re-recruit for SA (have striked out of most opportunities this year) by cold-emailing boutique shops -> do an MSc Finance -> recruit for SA/FT roles at larger-cap IB.
Any advice would be much appreciated. Feel like I’ve let myself down by striking out of recruiting this year (which from feedback has been sounding too robotic/not getting along too good with the interviewer in my interviews)
I would accept it cuz the alternative is unemployment
My alternative is to do a MSc Finance at a target (which I have lined up but it’s very expensive). Of course I would take it if my only alternative is unemployment, I’m not that naive lol
I'd say M&A experience trumps a MSF even at a target. You can go M7 MBA after this experience. MSFs are overrated.
I would take unemployment like a real man.
What the fuck do you think lol. Does prestige pay your bills?
Based on the most helpful WSO content, here are some strategies and advice for your situation:
Concerns and Career Planning:
Brand Name:
Modelling Experience:
Lateraling from LMM to MM IB:
Pay Below Street:
Career Path Options:
Work for a Few Years, then MBA:
Re-recruit for SA, then MSc Finance:
Additional Tips:
By following these strategies, you can effectively plan your career and work towards your long-term goals in investment banking.
Sources: PE Lateral Recruiting Advice/Stories/Help?, https://www.wallstreetoasis.com/forum/private-equity/just-broke-into-ib-as-a-lateral-how-do-plan-my-move-to-pe?customgpt=1, Lateral hire from another consulting firm to MBB, https://www.wallstreetoasis.com/forum/private-equity/going-from-mm-investment-bank-to-mega-fund?customgpt=1, Overwhelmed here, words of wisdom would help
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