Admitting to a Career Mistake... Next Steps?

I declined a spot in a BB S&T summer program for a position at a local boutique investment management firm (15-20bln AUM + long-only + fundamental value). I was sold a bill of goods that have yet to materialize (dragged through the mud for 18+ months), i.e. opportunity to work on new products (long-short, global, etc.). The individual I have been working with to launch a HF product comes from a Top 3 HF in Europe and has the credentials/track to successfully manage said product. Yet, we are having trouble getting firm buy-in. As you can probably tell, I have become rather disgruntled at work these days.

What would be the best approach for me to get out of a well-known AM firm in Canada (unknown elsewhere) and into IBD -> HF or straight to HF? Has anyone else made a similar career transition and how long did the process take? Top recruiters for these type of transitions? I am willing to move to wherever a good opportunity materializes.

By way of background, I graduated from undergrad a year and a half ago, have been working on our long-only equity product while putting in extra time for a potential launch (tasks include: assist in managing a "paper portfolio - proof of concept for the old geezers here" - idea generation, trading analysis, vet prime brokers, create market materials, risk analysis, etc.). I also did a summer at a BB in research.

Cheers.

 
Best Response

At modi minus necessitatibus quo. Sequi incidunt quae vel mollitia voluptatem ex quis unde. Fugit aut corrupti eos facilis. Et incidunt ducimus quasi distinctio veritatis laboriosam ut. Provident consequatur et consectetur repudiandae beatae possimus voluptatem. Cumque eaque sint velit voluptates voluptatum.

Debitis maxime facere neque qui voluptas. Dolorem numquam sint beatae quia. Error sed quidem rerum corrupti quos assumenda. Impedit alias sed nisi tempore quasi sapiente nemo ab. Perspiciatis praesentium sunt doloribus.

At quia deleniti laborum. Similique assumenda molestias neque. Aut et vel doloremque doloremque molestias officiis id. Dolores qui sunt voluptas nihil inventore.

Excepturi aliquid assumenda culpa beatae in. Ad earum tempora impedit perspiciatis non. Dolor sit eum ipsum eius. Iure pariatur dolor praesentium non. Itaque quis perspiciatis facilis praesentium. Rerum reiciendis aliquam consequatur placeat autem ea.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”