Hi monkeys, pondering if it makes sense to switch from IS at a smaller team (but still decent exposure to institutions) to Debt/Equity ( at one of the big brokerages) if the goal is eventually to get an acquisitions role working at a large fund. Move would be more of a lateral, but Comp and deal volume would be a lot greater at the debt role, along with exposure to other food groups.
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I made a similar switch from a boutique debt firm to a top 5 brokerage within a top producing team of the company. So far I have felt the move has been 100% worth it. I am getting more exposure to clients, larger, more complex deals, getting more into the weeds during underwriting, etc. so that has been awesome. Also, base comp increased a bit more than 20% and current bonus structure knocks my old one outta the park.
I also wanna go buyside in the next couple years, whether acquisitions or asset management, and I am a believer that brokerage roles set you up well for that. Deal flow mainly being the selling point. Plus if you have institutional clients you constantly close with, it helps that much more.
Did you stay in a debt role with the switch, or did you change to IS?
I stayed within debt
What level would you be joining the debt brokerage at? I.e analyst, associate etc. Asking because the higher you go up the harder it gets to transition. But yes it will make it infinitely easier at a junior level to cross over to the buyside. It is much easier to transition from debt to equity than this website makes it seem. There is always going to be more deal flow on the debt side, so you'll get more reps in on a larger variety of deals as well.
Would be at an associate level
Can’t you already move into acquisition role from IS?
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