Capital Markets Analyst VS IB
Hey guys,
I was hired last year as a Portfolio Analyst at mid-size Southern Bank, out of college (non-target, non-relevant finance major, 3.9 GPA). I always wanted to do IB but just could not get a break, so I went with it. I was recently asked to join their Capital Markets Group, which I accepted. The question is should I stop trying to get into IB at least until after Business School? Or can I keep searching, even though I recently accepted a new position? The other factor here is I have a few ib interviews at respectable Mid Market IBanks in the Mid-West, where I want to be (friends, girlfriend, and I guess I just miss the north). What do you guys think?
Since you've already accepted the Capital Markets Group position, you may as well see how you enjoy it for a bit while at the same time continuing to prepare to lateral into IB (which may be difficult) or do an MBA (at a target program) to "reset" and do IB after.
That's makes the most sense. I guess the big driver for going right away is just location. Is it heard of for IB teams to hire out of Capital Markets?
Citi Capital Markets vs. Boutique IB (Originally Posted: 03/03/2009)
Which would help me become more marketable toward BB IBD?
Citi's Capital Markets (ECM, Industrial FI) or a Boutique IB.
When I say boutique, the firm is less than 50 individuals.
You are so annoying with your constant questions about Citi... how many times are you still going to ask questions on "should I take Citi CM or Citi shit else...." Its your 3rd or 4th thread on this shit!!! Move on my friend and be an adult and take your decisions!!!
I would think IB would help to get IB, especially since the alternative is citi.
Lui, why don't you simply ignore the thread rather than waste your time and post bullshit?
because you are the bullshit, so it's worth it to match bullshit with bullshit...
Depends on how well known is the boutique...?
Just my 2c.
lui: nice to know you're full of bullshit
Oberon Scurities & Scott-Mason Principal were former MDs at BB, European banks They have mostly associates, vp's doing grunt work (very few analysts)
baml capital markets or allen and co ib (Originally Posted: 02/10/2010)
one thing that makes this difficult is that the Allen and co is strictly summer and the chances of getting a full time out of it are very slim according to everyone i spoken with and even the interviewers implied it. any advice?
Have you graduated yet?
I'd say def. Allen&Co. "Very slim" will depend highly on how much they like you/how well you do. So if you come in and kick ass, I don't see why you wouldn't get FT or atleast some great recs from a great firm.
Maybe I'm a bit biased though, since Allen&Co is focused on one of my favorite industries. Plus, IB > CapMarkets.
well they have 10-15 summers every year and they have hired 1 full time in the last 3 years so wouldnt it be safer to go into a position like baml where i can succeed get a full time
do they even hire analysts? i heard that there intern program was a combination of analysts and associates so maybe that one hire was an associate
when did you hear back from allen and co? i'm stil waiting to hear back. yeah, i know what you mean about the lack of full time opportunity. its a personal call, its definitely a gamble. clearly not the safe route.
seriously, you would prefer a small chance of getting into a boutique over capital markets at a BB? wake up, working in any product group in capital markets is far better than being unemployed. personally, I don't get where all the hatred against financing groups on this forum comes from
Allen & Co is a great shop, but you don't want to go there as an intern. Most of their SAs are relationship hires, and even if you aren't, that's what people will assume you were. I know one guy who interned there, as far as I could tell his summer consisted of flying around in private jets and hanging out. He didn't do any real work, didn't get a return offer (don't think anyone that year did - it's not something they really consider), and is currently unemployed.
Associate in GS IBD or BB Cap Markets? (Originally Posted: 01/19/2012)
Just wondering what the exit opps are like for associates/sr. associates out of Goldman IBD (coverage) vs. DCM at another bulge bracket. The hours and predictability are vastly superior in DCM and the comp is the same. exit options are also a consideration, but information has been tough to come by. any thoughts would be much appreciated. thanks!
Better exit ops at goldman IBD, and prob higher pay - but this depends on what industry you're covering and what exit opportunities you're looking for. Paper products coverage may not open too many doors for you.
DB IB vs Capital Markets (Originally Posted: 03/10/2013)
I've been trying to seek out some advice regarding which area is better. After my superday I was asked by all the managers which area I would prefer. I didn't really think it was a serious question, but when I spoke to a friend who currently works there he said I should be ready to give HR a solid preference. I wasn't expecting much of a choice in the matter. Can I get some pros/cons for both positions from anyone with experience? Also, some mobility within each area whether its exit opps, upward, etc. I will be a first year analyst if that makes a difference at all.
IB is typically considered the better option by most people. Cap Markets is lighter hours but poor exit opps (unless DB classifies lev fin under CM, in which case that group in particular is very strong with some of the best exits at DB). IB in general has much better exit opps than something like ECM or DCM, but involves much longer hours and weekend work. You'll make more money in IB too.
IBD vs CapMarkets (Originally Posted: 02/15/2007)
Cliched question i guess but have to ask:
Given the obviously tougher working hours and daily routine in IBD, what is the real pay-off of this extra work?
Am asking because, I know that base salaries are same for new MBAs joinining in either stream.
Is the Bonus much better in IBD and how do the exit options compare with Capital Markets (S&T)
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