1/10/17

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?

Comments (10)

1/10/17

Do you feel like an investor after doing IB? Just curious.

Financial Modeling

1/10/17

lmao he probably wants to be an investor after IB. You'll never feel like an investor in IB, even though you'll be forced to think like one at times

1/10/17

Lol no, but that's part of the reason why I'd like to make the shift

1/10/17

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.

1/11/17

How much time have you spent in IB?

1/11/17

6 months as of now

1/11/17

I personally did not make the shift but an acquaintance made a similar shift by doing an MBA and sitting level 1 of the CFA.

1/11/17

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?

1/12/17
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.

1/12/17
Add a Comment