Frankly i have no idea where to post this but i am facing a dilemma that i have yet seen posted about. I am a frequent lurker but rare poster and thanks to this board it has given me a lot of knowledge about different functions in a typical bank.
Anyways, I've been at a boutique i-bank (not an elite) based on the West Coast for two years and recently promoted to Associate. We work on a lot of transactions for China small cap companies. The director of institutional sales called me today and asked if i'd be interested jumping to the same level, covering Hong Kong and China accounts from the West Coast and traveling to Asia occasionally. The coverage right now is basically close to 0 and I believe i can get ramped up quickly and "own" the accounts myself in a fairly short amount of time
I understand the difficulty of trying to cover the companies across the sea. Huge aspect of entertaining the client would be out the window and dont forget the possibility of a bait & switch. The reason im even remotely thinking about it is the potential of owning all those names that many others would not have. I speak Chinese and know the companies very well.
Thanks for all the help in advance
if you are not on the ground you are not going to own shit!
unless they move you locally, i would advise against it.
What's your motivation for moving from IB to Inst. sales?
Are you looking for better hours, better pay (possibly, but this is debatable). If you think that you're over IB and ready to try something different, go for it.
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