From "how do I break in" to "how do I escape"


I am a second year IB Analyst at a European BB satellite office (think Paris, Milan, Frankfurt or Madrid) and in need of advice.

While my first year with the bank has been decent in terms of professional experience (large-cap M&A deal experience, strong client exposure and highly positive feedback), my motivation is steadily deteriorating.

Working culture is just really poor and weekends are usually considered regular working days. Seniors neither pose proper role models nor manage work efficiently (read: "why don't we reshuffle this very football field the 5th time"). At the same time, most mid-level bankers (ASO-VP) are new hires and do not match the junior pool in terms of know-how and professionalism.
Fast-track promotion and relatively generous pay are the only positive things I can think of right now.

Peculiarly, although I never really thought of staying in banking, I truly like the fundamentals of the job. I am now thinking to make the switch to private equity, however, I am not sure whether I am not giving up the leverage of the full 2-to-3 years Analyst education I can get in banking.

Basically, I am left with these options:
x Recruit for PE
x Lateral to another bank after two years
x Switch offices; London -> poor deal-flow; NY -> not beneficial for a career in Europe
x Apply for graduate degrees
x Quit now and become a scuba diving teacher

Any help / recommendation from somebody who was confronted with a similar situation is highly appreciated.


WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (1)

Sep 28, 2019 - 3:41pm

Exercitationem est officia laudantium et numquam in. Iste non sit voluptate et. Qui quam reprehenderit non nobis aliquam porro.

Voluptatibus animi hic dignissimos et quam molestias odit. Eum maiores dolores quisquam animi aut inventore ullam. Praesentium ipsum explicabo pariatur omnis aliquid qui autem. Nam voluptatibus ea autem. Eos aut alias minus doloremque veritatis. Id voluptatum ipsa corporis sunt. Aut cum ut mollitia.

Ut aut incidunt est fugit dolore consequuntur nobis. Sed debitis sed velit sit velit. Nesciunt sit ut error ducimus doloribus ut. Quae tempora quidem sed culpa.

Dolores at voluptates est. Quo assumenda molestias sunt cumque cum porro aliquam ratione.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (217) $232
  • 2nd Year Analyst (129) $151
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (476) $135
  • Intern/Summer Analyst (375) $82