IB Analyst @ NYC EB.....but =(lateral from regional boutique + non-target school = clueless on exits)

Based on the most helpful WSO content, here are some insights and suggestions for your situation:

Background and Current Situation:

• Non-target school: You managed to break into investment banking despite coming from a non-target school, which is commendable.
• Regional boutique experience: You have around 1.5 years of experience at a regional boutique.
• Lateral move to NYC EB: You successfully transitioned to a top elite boutique (EB) in NYC, which is a significant achievement.
• High workload: You're currently facing an intense workload, with consistent 100+ hour weeks and heavy weekend work.

Exit Strategy and Avenues to Explore:

1. Private Equity (PE):

   • While PE is a common exit route for many investment bankers, it may not be appealing to you given your extensive M&A experience and the nature of the work.
   • If you decide to explore PE, consider leveraging the WSO Private Equity Interview Prep Guide, which includes comprehensive resources and questions from various PE funds.

2. Corporate Roles:

   • Many associates and higher-level bankers find exit opportunities in corporate roles. These roles can offer a better work-life balance and the chance to leverage your banking experience in a different context.
   • Potential roles include corporate development, strategy, and finance positions within large corporations.

3. Other Financial Institutions:

   • Consider exploring opportunities at hedge funds, venture capital firms, or other financial institutions. These roles can provide a different perspective and potentially a more manageable workload.
   • Networking within these industries can be challenging with your current workload, but try to allocate some time to connect with professionals in these fields.

4. Entrepreneurship:

   • If you have a passion for starting your own business, entrepreneurship could be a viable path. Your banking experience, especially in M&A, can be valuable in understanding business operations and financing.

5. Portfolio Company Roles:

   • Another option is to join a portfolio company of a private equity firm. These roles often involve working closely with the management team to drive growth and operational improvements.

Networking and Mentorship:

• Finding a Mentor:

  • Given your lack of a mentor figure, try to identify senior colleagues or alumni from your firm who can provide guidance and support.
  • Even with a heavy workload, consider setting up brief coffee chats or virtual meetings to build relationships.

• Networking:

  • Utilize online platforms like LinkedIn and WSO to connect with professionals in your desired fields.
  • Attend industry events, webinars, and conferences to expand your network.

Final Thoughts:

• Stay for >1 year: It's wise to stay with your current firm for at least a year to build a solid track record and gain more experience.
• Seek Balance: While the workload is intense, try to find small ways to manage stress and maintain a work-life balance.

Feel free to reach out for more specific advice or if you have any further questions. Good luck with your career journey!

Sources: From Private Equity Associate to VP in Private Equity, From Private Equity Associate to VP in Private Equity, A Few Observations on Investment Banking Exit Opportunities, Q&A: Former Strategy& associate, Advice for a Banker Who Kind of Hates It