ER Career Paths
First-time poster. Started in SSout of college and now 6/7 years out. Figured I could share some observations on where my analyst classmates currently are to hopefully give some insight into exit opps and career paths for folks trying to decide if ER is for them. Will try to balance being high level to protect identities with giving informative content.
Where they are now:
45% at hedge funds (almost all big MM)
20% still in SS ER (mostly BB)
10% in tech corp fin roles
The final 25% is fragmented between:
Long Only AM
-Keep in mind that these roles are where they are now. Not all are still in their first role post ER, but pretty much all the functions listed represent the initial exit opps on offer (except b-school).
In all 25% of us did B-School before transitioning to new roles. Mostly M7 programs.
The pull towardsreal after 2yrs in ER, but 90% of those seats are short term multi managers.
If I had to guess, I'd say the HF crew is less happy on average than the rest, but they're generally making more as well.
LO gigs are rare. Much harder to break into than HF. Generally seen to offer better lifestyle / job security.
Everyone is doing well for themselves. ER has some major structural challenges but can still be a great place to learn and gain exposure, esp if you cover the right space.