Placed in the industry group I didn’t want?
Joining an UMM/MF this summer and just found out I got placed into an industry group I didn’t really want. Without being too specific, it’s completely different (let’s say I wanted tech and got industrials).
I have a few concerns I’d love to hear about -
How much of a disadvantage am I from the perspective of market knowledge / modeling / general landscape if this isn’t my banking sector? My top choice group is one that overlaps a ton with my current banking coverage so I know a bunch of the companies, understand the nuances, know how to crank out models, and so on. This other group will have different models, I won’t know any of the industry players, won’t know as much about the market, etc.
As an associate at an UMM/MF, how pigeon holed are you to a sector? Is it possible to go Assoc -> MBA -> VP in different sector? Seems like that would be a challenge regarding re-learning the sector again if you didn’t cover it as an associate, won’t have the senior relationships (if at same firm), etc
Trying to stay optimistic here but I’m a bit nervous / frustrated with how this worked out…
As someone who was placed in a less than ideal banking group and then switched industries for my current role, I don't think its the end of the world. You might find you kind of like the new sector after a few reps and if not just bust your butt for a year and ask to switch groups.
Same thing happened to me before, it's not the end of the world, remember that nothing is permanent and things can always change.
Take it as a chance to learn about a new sector, also unless this is something very specific (e.g. FIG), it would not impact your ability to move to PE into a different group
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