I know exit ops are always discussed here, but I'm interested in hearing about a few somewhat atypical moves (assume this is post undergrad):
-
IB 2-year analyst--> F500 Corporate role
What position would one enter into? I'm assuming higher than out of undergrad, but what kind of title, salary, etc? Would this route make any sense vs. going straight into F500 out of school? (note: To explain my rationale, I think I would be willing to slave away for a couple years, but would like to have a life as I get older) -
Mutual fund (portfolio management/equity research role)--> Hedge fund (similar role)
How hard would this be to do? -
F500-->HF/PE
Guessing this is pretty tough to do, right? -
PWM (assuming a role mostly in research/investment management, not sales)-->HF/PE
Possible?
Thanks to anyone with insight.
I really think people need to think outside the box. Not directing this towards the OP, but if you absolutely hate banking or went into it for the wrong reasons you might do a shit load of things when you are done. I know people who went into higher education, a dude who is a male model now, people who start their own business, etc. Lets face it, if you can get a 45 hour a week job making 80+ a year is life really that bad? I am in Philly and you can get an amazing loft for 12-1300 a month. That leaves you with probably 3K a month take home after taxes. Not too bad for very little stress and plenty of time to yourself.
F500, well if you are a great employee who went through a leadership program I could see you doing a lot of things. Maybe you could go into treasury. I interviewed for a position at DuPont in their treasury department and you did a lot of work with their FX department, investment analysis, etc. Not a Hedge Fund, but still very interesting and challenging.
PWM - If you make it rain why would you leave? After a couple years your trails should be enough to give you a solid base. Honestly, I think PWM is a great field to go into after 30. Your older, have a solid networking, have the life experience to be taken seriously, etc. Might be a good industry to enter part time while you are working.
Life is pretty unpredictable. Careers have a lot of twists and turns. I think everything has exit opportunities, you just need to be outgoing and open to the journey.
Anthony-I completely understand and agree with what you're saying. Personally, it's not that I'm not interested in banking or unwilling to put in the hours. In fact, my goal is to do banking, and make the traditional exit after 2-3 years. Whatever happens though, I just know that I do not want to end up working 70-80 hours/wk until I'm 45. Much rather make solid money while spending my youth chasing ladies/chillin with friends and enjoying life. Basically, I really like finance (especially investment management), but know I will not be happy in life if I'm working those hours. Completely agree with you on the appeal of working 45 hrs/wk for a little less money. (Im also from a lower cost area of the country)
You mentioned thinking outside the box..that's pretty much what Im trying to do here. I am totally considering PWM and F500, but I've heard that with a)It's hard to move up the ladder in F500, and b) PWM is more sales/schmoozing than research and investing, and my personality/interests are much more suited for the investing side. Also posting this bc I probably have below average chances for banking (at least for this site), but have a better chance at PWM/F500.
Maybe I'll just be a male model like your friend..
I think working for UBS PWM in a major metro is just sales, but if you work for a HNW family office you become more of a hybrid. I think it is tough when you are young to do it, but it might be worthwhile to get your licenses and find an independent place and just do a little business here and there. Trails really make things worth while. You might spin that PWM into a sales position at a top company.
I had an ex who did consumer product sales at a top company. Made 70K, free Volvo, traveled, worked from home, etc. I think thats a nice life for someone in their early 20's. You could get your MBA and be a brand manager.
You could work in treasury which is a lot more interesting than Corp Finance IMO. Business development is cool, so is Accenture/Deloitte type consulting. You could do all of these things and maybe set up some web business. I say just be open, meet people and don't fight things if they feel right. Money will come if you are happy and work hard.
Treasury sounds interesting. I'm not too familiar with it though. Isn't it just a sub-group of corporate finance? (like at a F500 company). Or whats the difference?
Sorry if thats a dumb question.
Some of those economic consulting places sound interesting too.
You could be an M&A banker for 2-3 years and then join an in-house M&A group for a F500. I've actually been eyeing this route for a while now.
Here is a good discussion on the topic:
http://www.wallstreetoasis.com/forums/has-anyone-here-ever-done-proprie…
if you can make it happen as a broker in PWM (90% can't), it's the absolute best job on wall street in terms of work/life balance (it's more like a life/work balance....)
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