Breaking into Tech/Healthcare VC/PE from CB

Trying to break into healthcare or tech IB to later get into healthcare/tech-focused VC/PE shop. Currently in a CB role at a BB with its CIB merged (think JPM/Citi).

If I stay two years, I will get the opportunity to lateral to a different part of the bank in a different city. Sounds like this is a relatively safe option if I do a good job networking with the other groups, have good reviews from the senior bankers, and don't fuck up too bad. But there is also a chance I won't be allowed to as it is not guaranteed.

The issue is that I will be 1 year older than the class I lateral into and I would also have to do 4 years total of banking (assuming I stay 2 years in the IB role down the line) (also would appreciate some insight on age when people are recruiting for different roles). I would have 2 years of CB and 1-2 years of IB experience under my belt. 

Still relatively early in the application process, but I got some interest from mid-sized boutiques (think FT Partners/Houlihan Lokey/etc). Decent boutiques, but don't have the same level of brand recognition as my current BB. Hoping to get more traction from tech/healthcare groups as I continue to recruit.

Would it be advantageous to make the switch into IB ASAP regardless of the firm/coverage group to get into a good VC/PE shop down the line? What about MBA programs? How do schools view boutique IB shops vs BB IB? Would recruiters in Tech/PE/VC/MBA schools value my 2 years of CB experience? Should I not be picky about IB roles?

Honestly, I am getting decent deal and capital markets experience, as I have worked with the IB team on several staffings and our group is a very active lender in the space. I just don't know what people think of CB at a BB from a recruiting perspective. I could def explain in an interview, but need to get my foot in the door first. I have pretty good stats (3.85/4 GPA from semi-target and 1550 SAT with decent extracurriculars and deal experience).

Any insight would be appreciated. Thanks in advance!

 

Voluptatem nulla molestias ut non officiis atque eum debitis. Rerum ut temporibus sint accusamus quia veniam dolores. Aliquid non debitis facilis ut eos ut.

Iste ad dolorum odit officia aut a et odio. Numquam numquam culpa culpa quis non reiciendis aut. Quasi pariatur et tempore cupiditate et praesentium.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8