Hi all - title is fairly self explanatory, but I was hoping to ask some more specific questions and get the input of anyone who has successfully pulled off the move. The particular role I'm looking at isn't sell side IBD, but more akin to a corp dev gig. With regards to my questions, I wanted to ask the following:
1) What was the biggest change you saw moving from ER into m&a 2) How was the interview experience? How did you prep for the interview 3) Are you happy with the career switch?
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Switching from ER to M&A (Originally Posted: 02/12/2015)
I am considering switching from ER to M&A... anyone have any advice? As background, I got my MBA from a top 10 school, and switched careers to join ER at associate level a couple years ago. Now I would like to switch again, this time to M&A and wondering whats the best way to go about it. Do you think its easier to switch at associate level, or should I wait until I am VP in ER and then switch? Appreciate hearing any thoughts.
which is why he said "level"
Yes. In BB banks same levels everyone has in M&A, sales/trading, ER etc. Analyst, Associate, VP, Director, MD.
Flip Associate and Analyst. ER you start out as an Associate. Analyst is a separate category. You can be a VP or MD and an Analyst, for example. Different at every bank so it's not necessarily true.
bump
The switch to M&A can be quite difficult if you wait too long. You have a better chance getting an M&A group to look at you before you're an officer (VP and above), but have almost no chance as a VP without M&A experience. I work in BB M&A and can tell you first hand that we would never hire a lateral VP that did not work in M&A, let alone IBD. So my advice would be earlier the better, hope that helps.
Interesting ER to M&A exit (Originally Posted: 03/17/2013)
MS's senior software analyst left to be a partner at Qatalyst.
http://www.marketwatch.com/story/adam-holt-to-join-qatalyst-group-as-pa…
He's there because he has relationships and knows the marketplace. He isn't going to be running transactions. I wouldn't call it an "exit" - at the level he achieved (which happened to be in research), you're going to be of value to several different lines of business.
It is an exit when the bulk of your comp is deferred. Good move for Holt.
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