BB IBD Associate role as a reset?

My background -
Solid public university - 3.8+ GPA
2 years - MM IBD - coverage group
2 years - PE Co-Investments

Ranked well and my bank and was happy there, but wasn't learning much by the end. I had personal reasons to be back in my home town and took a less than ideal buy-side gig. Those reasons no longer hold, and I'm itching to live in NY while I'm still somewhat young.

I'd like to avoid the MBA route if I can. 1) Have a business ugrad/CFA already and generally not interested in the coursework. 2) I'm confident in my abilities as an individual but don't think I'm competitive enough for a post-MBA buyside role to risk the $200K+ & opp cost.

I tried to lateral to Pre-MBA PE roles in NY last year, but struggled due to being out of market, and working at semi-known firms.

Do you guys think it makes sense to try to off-cycle recruit for a Associate role at a BB? I think it'd help me break into the NY and help me build a network in the city. It would also help with branding, something I've not paid attention to in the past. Would I get a crack at senior associate growth equity / PE roles down the line?

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 (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
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...”