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May 31, 2024
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Same boat - any insights would be appreciated, also curious if trying to break back into banking for the HH looks + branding makes sense.
I’m curious about that as well. Do you have past IB internship experience?
Nope - only MMPE SA
Bump
Other LMM firms, maybe MM in the same industry... things like corp dev in the same industry etc. Banking will be a tough sell unless prior BB/EB experience - and more or less impossible right now given the market.
I'd say stay for at least a year unless there is some reason you need to leave immediately. Leaving your first job in under a year will raise red flags.
The problem with these boutique firms is it's hard to diligence your experience - jobs have no idea what type of training you've gotten and how real your reps are. Some people are just really good at interviews and then show up to the job with little true experience, firms often choose BB/EB analysts because they have at least been through a verified, consistent training program.
Would restarting as an An1 be possible at a BB after >1 year of experience?
No, analyst 1s are hired a full year in advance so all the spots are spoken for, you're waiting for people to leave for spots to open up. And assuming you're already in this role - right now banks are not filling roles of people leaving given how overstaffed they are
Is analyst at a similar-sized HF possible from a seat like this?
Not gonna land at a $2B shop, maybe some $300-500M shop with a few guys who want a junior.. HF is a small space with few junior seats and there is very little overlap with micro-market PE. A place under $1B is kind of a risk hence less competition for those seats.
Anything is possible in this game, just remember that. If you're shooting for an elite HF or MF PE, maybe you get shut down right away. But if you really want it, there's always a way. MM --> UMM --> HF / MM --> MM --> MF PE / MM --> HF / MM --> MF PE
I've seen all these.
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