Moving from IB to AM - Process

Hey guys,

So most are familiar with the general process for moving from IB to PE/HF, but what about moving from IB to traditional long AM (equity space)?

I'd love to hear if any of you made this shift, and how you went about it. I assume you didn't go through headhunters like with PE/HF, but how did you, or would you go about this process?

 

Interesting... I'm currently starting my career at a small micro-cap hedge fund....and NOW I see why IBD isn't useful. Literally, ya sure, the modeling/accounting you gain from IB helps, but you as an IBer have no idea why an recurring SAAS is more attractive than say a generic semi-conductor company--it all comes down to Return on Invested Capital (higher ROIC implies more of EBITDA translates into FCF), something you would never get exposure to at IB.

 

Interesting. Do you know how many years of IB this person did before they went to business school? Jw if they did 2 years, or 4 years, etc.

Also, by any chance, do you know the shop (or similar shops) that this person ended up?

 
Best Response
therealgekko:

Interesting. Do you know how many years of IB this person did before they went to business school? Jw if they did 2 years, or 4 years, etc.

Also, by any chance, do you know the shop (or similar shops) that this person ended up?

2 years as an Analyst and 2 as an Associate. Regarding the institution, think Fidelity, Vanguard, BlackRock.

 

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