I just wanted to let you know how s*** the situation here in Europe is. M&A bankers here (unless you are a top analyst at a bulge bracket) have NO EXIT OPTIONS. Or very limited ones. Its so crap honestly. I left my MM bank in London after completing two full years in M&A, with closed deals under my belt, expecting to find something decent outside banking. A couple of months later? Nothing.
I have nothing. My only real option is to go back and do M&A at another bank, which I really don't want to do. My whole reason for doing banking was to only do it for two years and then find something less painful afterwards. Mid market PE funds here for some reason seem to prefer consultants / ACAs. That's right. My two years slaving away in IBD were a complete waste of time. I may as well have become a bloody consultant / accountant at KPMG, and enjoyed a life outside work and not have to deal with abusive colleagues for two whole years. I just wasted to two years of my life doing something I didn't particularly enjoy / putting up with needless abuse from colleagues and shitty work for nothing.
I have tried to break into consulting. No luck. Equity research. Again no luck. Corporate development? Absolutely nothing apart from internal finance (audit) type jobs. Start ups? They'd rather hire bloody consultants. Its so crap. Lesson from my experience: Do not go into banking here in Europe for the exit options. Its not worth it because the exit options are very limited.