I'm at a crossroad in my career right now and would like the opinion of those on this board! I've been working at a BB Corp Banking division for a little under a year right now. I had a good experience so far and learned a lot about the banking world, how to analyze the fundamentals of a company, their credit quality, and build a full 3-statement financial model. Even some experience with leveraged transactions. Despite this, I still think I fall short a little if I ever want to recruit for the traditional IBD exits, like PE/VC/HF/Corp Dev. I think the reason is that I just don't have the same transaction experience that M&A/lev. fin. analysts would get. Also, I have a hard time soliciting attention from recruiters because a lot of them think I just process loans all day and then go home at 5pm.
I started exploring outside my group a while ago and right now I have a few boutiques that are very interested in me joining them. I was wondering what do all of you think of going from a BB corp. bank to a boutique firm (MM deals. Would this help my chances at exiting in something like a lower MM PE firm? Should I stick with my current firm, or maybe I should hold out for a BB IBD role?
It's been really difficult for me so far trying to break into BB IBD. Their recruiting is very structured and they rarely post lateral hire positions online (and when they do, it's usually filled by an experienced IBD candidate). Lateraling within my own firm is very difficult as well because my group is not supportive of me leaving without fulfilling my 2-3 year analyst tenure. I'd likely get fired if work gets out that I'm trying to leave.