Chicago Buy-Side Exit Strategy for Someone Not Local?
Hey all,
Looking for a little advice here. I've been in IB as an analyst for over a year now, having done a year at one bank in a product group and recently joining a new bank in the M&A group. I'm currently located in a non-Chicago midwest city at a good MM bank (Harris Williams, Baird, PJ-esque). I know for sure that after one more year I want out of banking so I'm trying to begin angling for an exit for Summer 2019. I'd really like to move to Chicago and am looking for some insight into how some of the true MM funds there recruit (I know I missed the boat on the big ones), and what I can do from afar to best position myself.
I'd also take any info anyone has on HFs and AMs (particularly credit) and their recruiting processes
If it helps I have a less-traditional background and am a CFA Charterholder
Thanks all
Hey Banking Sucks Guys, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:
Maybe one of our professional members will share their wisdom: Pcallaway idragmazda Karim-Salame
I hope those threads give you a bit more insight.
Going to give this one bump.
TBH most of the bigger ones don't really look at MM IB analysts so you didn't really miss out on anything there. That being said, it's worth at least mentioning the indirect route of lateraling to a bigger bank in Chicago and then recruiting from there.
Outside of that, you can try networking and talking to as many recruiters as possible. A lot of the recruiting for smaller firms goes through the PEAC network or at least used to, idk if thats still the case http://www.peachicago.com/#firms
Considering LMM and private debt firms is also probably wise.
Thank you, this is very helpful. The lateral is an option but the lady may kill me... It's the "Break Glass in Case of Emergency" for me
Assuming the PEAC network is the best place to get exposure to the smaller firms, looks like I missed the deadline on this year's resume book, unfortunately. Is my next best bet just to reach out directly to people at MM/LMM firms? I'm totally fine with LMM or private debt, just looking for something that will allow me to have a semblance of a personal life, with opportunities to grow at decent comp.
Also, any insights into HFs/AMs in the credit space?
There's a decent number of opps that come via headhunters, but reaching out directly cant hurt either. If you haven't already, you should probably be looking at immediate start opps as well.
IDK much about the HF scene other than there were a lot that shut down over the past few years. It's not really the best environment for them. Don't know anything about vanilla AM.
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