Exit Opps -- Do These Dictate Which Job You Take?
I've frequently read people discussing on this site "exit opps" when considering which job to take... but how important is this factor?
In other words, do some people take a job that is maybe less desirable, or that they're less excited about, simply because that job provides them with better exit opps on their way out the door? On the one hand, it seems strange to weigh this too heavily before you even start the job, but I realize you should consider this... but how much?
It's kind of like dating. If a hot girl is into you in college, but you don't like her and she's annoying, you should still date her for a few weeks/months. First of all, you could meet all of her hot friends (networking with the right people, getting your name out there, building up your contact list), get your own reputation up (just as women will find you more desirable if you dated a hot girl and guys will want to be you, companies will value you more because you have more experience and it will make you more competitive in the application process), and your confidence will boost immensely (if you could handle a really annoying girlfriend and actually land someone that hot, that's comparable to being able to handle a grueling work environment but being able to power through. It'll make you more confident in your future endeavors). Get the idea?
Yeah, but if hot girl trashes you to her hot friends, you ain't gonna get a crack at hot friends.
And that's sort of my concern: if you take a job primarily because it has good exit opps but you don't think it's a great fit for you, maybe you're less likely to do a great job, which means you'll be less likely to get a great recommendation when it comes time for that exit opp.
I'm an accounting major so I'm not too concerned with exit-opps, I'm fine with just sticking with one firm, working my way up to manager and having a $100k 9 to 5. So yeah, I see your point. Perhaps someone actually pursuing these opps would be better to answer that
are you an accounting major?
More like choosing a prestigious school..
I’ve noticed that you’ve indicated that you’re okay working moderate amount of time in return for sacrificing pay — that making only 70-100k a year would be okay with you (and I’m assuming u mean you’re okay making this amount not just starting out, but on a permanent basis). Trust me, once u get out into real world, you will not be okay with only making 70 k a year.
I also plan to not have children
Okay, well, that’ll help (at least financially).
It should always be a consideration, but you should try and enjoy your job now.
You cant always live in the future else you will always be miserable.
I can think of no other reason to take a job as a present-day investment banking analyst.
Really? So it's all about the exit opps? And how do you ascertain what the exit opps of different jobs are? Just ask around?
Exit option - what does it depend on? (Originally Posted: 10/23/2017)
Hi guys,
Just want to know what factors have the biggest impact on exits. I guess it all comes to prestige, experience and connection? However, I am from Asia and I have seen lots of interesting cases that people with a less "impressive" job have better exits than many in ibd.
I have seen cases that someone from regulator moved to a bb strategy team, cases where big 4 tas moved to head investment division of a china soe with usd >10b of aum. Here in Asia it also seems uncommon for bankers to be CFO of established companies. They are usually in hc/TMT/high growth companies. Meanwhile, bankers who moved to corporate development at a junior level seem to stuck forever, taking a huge paycut while having little upward mobility as they have to compete with senior bankers and big 4ers.
When I spoke with Asian bankers who have exited the industry, they told me it depends hugely on your experiences. Asia is less technical so some big 4ers may have a better edge. They are quite technical and they are way cheaper than bankers. The situation worsens as they tend to recruit people from big 4 again as they become senior. At the same time, it seems a diversified corporate experiences is much favorable than banking in the corporate world. Companies prefer people with diversified operating experiences within a sector rather than poaching an industry banker.
Is this also the case in the US? Anyone with Asia experiences can chime in and offer some insights? I spoke with a lot of people but I guess there must be something I have overlooked.
Consider the fact that you just named multiple individual cases. You can't get an accurate picture by comparing 50 people with completely unique backgrounds. However if you believe that you have found a common denominator of previous work experience in the industry you want to get into then follow that thread. If you don't want IB then don't do it.
Exit Opportunities - What does it mean? (Originally Posted: 04/15/2007)
Hey there. I was just wondering what exit opportunities are all about. I've been reading about them, and saw people say people enter IB for the exit opportunities. What exactly does that mean?
Relatively new, sorry for this dumb question, but also why would someone want to exit IB if that's the field they were striving for previously?
What exactly is an exit opportunity, and what's the point?
Thanks a lot guys.
typically analysts do 2 to 3 years in banking and go off to do something else say Private Equity (PE) or Hedge Funds. This next step after the analyst program is the exit opp being talked about and your 2/3 years in banking can sometimes have a huge impact on what exit opps will be avaiable to you.
Note: some ppl leave banking after 1 year for exit opps... for reasons ranging to not liking their group, getting a better pay, etc....
when do most get an MBA? after a couple years as analyst and a couple years elsewhere?
Some never do. Others often get there MBA when they can get excepted to a top program, which is typically after 4-6 years of experience, therefore post analyst work is often a necessity.
Do exit ops vary between large banks? (Originally Posted: 04/06/2012)
I was discussing this earlier with a classmate and didn't know the answer so I'll ask it here. Do the exit ops between BB banks vary a lot? Does GS/JPM have significantly better placement to PE, HF, etc. than a lesser BB? Or are the connections and opportunities relatively comparable, especially in NYC? Probably kind of a juvenile question but one worth asking.
Hahahaha amazing picture.
I'd say they're comparable across all the big ones.
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