final check on career choices and follow ups

basically my understanding of career choices and follow ups so far (that match my interests: i have no interest in being part of the S&T force and i have no interest in the possibility of joining some macro fund; risk mng isn't also my flavour fo the week):

1) IB M&A, tough to enter, you have to endure brutal hours & monkey business => you may transition to PE for pay/prestige/feeling to actually invest if you shine or may transition to HF (event driven mainly and/or L/S) if you manage to survive the recruting process
2) IB lev fin/capital markets same as before with maybe a little more intellectual work if you work in lev finance => may be doable to break into some HF (distressed companies) and you may have some other opportunities
3) ER basically you have to do marketing, a lot => everyone seems to seek the transition to the buy side, which means AM as well as HF, where being right/wrong actually matters. it could become troublesome to sell yourself outside your area of coverage/expertise

closing word: IB seems to give an "all round" skillset which can be used in many other careers while the AM/HF/ER tends to paint your CV with powerful, yet specific and un-erasable, colours.

any major misunderstanding up here? (i do apologize if i was too vague but this is meant to be a general checkup)

thank you for your time

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”