MM IB Associate - Common Exit Opps?

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9 Comments
 

Seen people go to better banks, solid corp dev and to a lesser extent, smaller PE/VC who aren't super structured.

This is for A-A promotes - not sure MM banks do a lot of MBA hiring

 

I left IB after two years in MM IB. Most associates at my bank stayed on to become VPs (the associate role is, after all, intended as a long-term career choice). Those who did not enjoy IB left for everything from something investment related, to investor relations, to corp dev, to FoF. I never saw any PE exits. If you are a post-MBA associate, you should have a relatively easy time getting manager roles in corp dev.

 
Best Response

You have the experience so if you can network properly, you can really exit into anything that you want....

I came from a MM/LMM background and cast a wide net when looking for exit ops. Got interviews lateraling to better MMs, offer to jump to ER Associate at GS/JPM level bank, corporate planning/strategy interviews with solid companies, and two interviews with PE (one was a respectable MM and the other was a smaller family office).

I think that people on WSO sometimes overestimate how many skilled and trained associates are out on the job market at any given time for a sector. If you're good at what you do and have solid experience, you really shouldn't sweat it so much. You're going to find something good.

 

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