IBD Exits (no buyside please)

Sup monkeys,

After about 4 years of IBD, I am finally sick of it all. (If it helps I work in a product team, did Leveraged Finance for a while then fixed income capital markets for the rest)

No intention of ever going to buyside (at this point, if I move to a PE I'll just be a DD monkey for another few years reading through thousands of pages of bullshit for every crappy company I come across).

Monkeys that have left IBD for greener (or otherwise) pastures - what are some of the exit opps you guys have considered (that are NOT buyside)?

Reasonable Corp Dev roles are not that common either. I've even seen some people who moved to credit rating agencies or mid-office - I'm open to ideas.

Muchas gracias.

 
Best Response

What do you mean in terms of “reasonable” Corp dev jobs (as in adequate pay, or reasonable hours, or trajectory)? It feels like a lot of tech firms (Google, FB, Amazon, etc) and large corporates (like Disney) have strategy & Corp dev type posts on LinkedIn all the time (or at least frequently enough). Some of the later stage and more mature startups can have similar functions.

You could look at strategy type roles. Sometimes they are with Corp dev, so you get a mix of both, which can be quite interesting. It can be at the corporate level, or by overarching business unit (e.g. GS, MS and pretty much other banks have strategy groups for their investment bank/capital markets).

I know you said no buyside, but banks also have strategic investment arms that can be pretty interesting. These days they are looking at a lot of enterprise startups and fintechs that they can invest or partner with. You can get exposure to a lot of interesting companies and technologies (seems like a lot of startups trying to use AI, though only so many are actually worthwhile).

I kind of just rattled a bunch of suggestions off the top of my head. But we probably should have started with “what are you looking for in your next role?” And “what do you like and dislike about banking?” That would help narrow down suggestions.

 

Voluptatem repudiandae et quia sit. Maiores porro incidunt reiciendis tenetur itaque. Architecto dolor doloribus reiciendis tempore. Qui rerum omnis dolore est qui. Qui sapiente sit minima autem earum dolores eos. Ut est commodi at quas.

Doloribus non nesciunt quos nihil facere. Aut animi quo ipsum id culpa. Qui ea ipsam illo.

Porro debitis non esse. Voluptate ducimus velit at suscipit reprehenderit dolore. Impedit aspernatur dolorem corporis aliquam dolores aut voluptas.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”