Comments (10)

May 31, 2017

Have you considered going via the Big 4 (Advisory/Transaction Advisory) route? Their client base is huge, and growing every single day. Depending on the firm, the culture is great as well.

May 31, 2017

No I haven't for this role, but will look into it. These roles don't always have junior position and if they do, they don't take applications until September :/ hard times man.

Best Response
May 31, 2017

I'm going to second what etx said. Advisory/Transaction Advisory roles are great as transition roles. They don't pigeonhole you (at least for the first few years) and if the group is good, you can't beat the culture (again like etx said).

Reach out to people directly in the group and network with them. Some groups don't mind hiring "offseason". You'll never know if you just accept that they only take applications in September. Most groups already are in contact with the people they are going to hire before September because those people have reached out and have networked. The application is just a formality.

Out of the seven people that were hired into my group as an analyst after me, only two were hired through the application process in September. The other five were hired "offseason" because of their networking. Right now is the perfect time to start talking to these people. Show them you're interested and try to talk to more than one person in the group. If you talk to an analyst see if you can talk to another analyst or their manager and vice versa. All the best.

May 31, 2017
moomoo77:

I'm going to second what etx said. Advisory/Transaction Advisory roles are great as transition roles. They don't pigeonhole you (at least for the first few years) and if the group is good, you can't beat the culture (again like etx said).

Reach out to people directly in the group and network with them. Some groups don't mind hiring "offseason". You'll never know if you just accept that they only take applications in September. Most groups already are in contact with the people they are going to hire before September because those people have reached out and have networked. The application is just a formality.

Out of the seven people that were hired into my group as an analyst after me, only two were hired through the application process in September. The other five were hired "offseason" because of their networking. Right now is the perfect time to start talking to these people. Show them you're interested and try to talk to more than one person in the group. If you talk to an analyst see if you can talk to another analyst or their manager and vice versa. All the best.

Thanks for the advice. There is an opportunity to join the Markets team for a UK bank. Do you think I should take it if I works out? It's not as prestigious as a big 5 bank (where I currently am) but in the UK it definitely is!

The role would be for FI origination and solution..

May 31, 2017
secretpanda:

I am 23 turning 24 btw.

Wait, seriously? Is that how it works?

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May 31, 2017
StaphyBone:
secretpanda:

I am 23 turning 24 btw.

Wait, seriously? Is that how it works?

Haha! Yes bro.

Thanks. There is an opportunity to join the Markets team for a UK bank. Do you think I should take it if I works out? It's not as prestigious as a big 5 bank (where I currently am) but in the UK it definitely is!

The role would be for FI origination and solution..

Jun 2, 2017

I sympathize. I got stuck in a similar type of project during my consulting internship and absolutely hated how much of the work is simply performing process rather than having any competitively focused tasks.

The good news is that it sounds like you have some time to spare. I'd try to start using some of that time to arrange face to face meetups in your town and cast a wide net: everything from consulting services that have a financial services arm to some of the other groups mentioned here. My concern in your position (based off of what you're telling me) is a lack of quantitative analytical experience so look at literally anything that will help counter that should be good.

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May 31, 2017
Attack_Chihuahua:

I sympathize. I got stuck in a similar type of project during my consulting internship and absolutely hated how much of the work is simply performing process rather than having any competitively focused tasks.

The good news is that it sounds like you have some time to spare. I'd try to start using some of that time to arrange face to face meetups in your town and cast a wide net: everything from consulting services that have a financial services arm to some of the other groups mentioned here. My concern in your position (based off of what you're telling me) is a lack of quantitative analytical experience so look at literally anything that will help counter that should be good.

I totally agree! I identified that pretty quickly and panicked. My role wouldn't be transferable if I stayed. A lady in HR contacted from RBS about a markets position. I sent her my CV. So I'm hoping something arises from this. I figure even if the BB/IB isn't as prestigious as a top 5. 1-2 years in the role would open the door for other opportunities. I want to be on the deals that help countries, sovereigns, govs etc. So I need to be on the floor making money! Plus, I would like to buy a house and nice car! Haha

Jun 2, 2017
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