Non-traditional ER Exit Opps

This might seem extremely unusual, but for arguments sake just allow yourselves to accept the following.....

I recently started a job in ER...this is my first job out of college and prior to it I was interning in a more traditional ER role..

At my internship I did some very basic DCF modeling as well as did some writing....however, at my new job, there is no real modeling being done....analysts cover a lot of stocks and make projections for major ratios rather than build models.....there is also standard report writing involved...

I figure, if nothing else, I'll gain a lot of research skills and learn a lot about the industries and companies that I cover....I'll certainly learn a lot in that regard, however, does this sort of role preclude me from really furthering my career in purely analytical finance roles....I feel like a transition to consulting after this stint would be natural/logical....but what if I want to stay in finance, but get more exposure to number-crunching and model building....should I be practicing models on my own/taking some external courses just to stay sharp?

I also know that there are past employees from this company that have transitioned to more traditional ER sell-side shops so I guess that reaching out to them would also be quite beneficial...

Thanks!

 
Best Response

Definitely a way for you to show them that you can add value. If you happen to have spare time, do some fundamental analysis or DCF and show your analyst that.

ER is NOT modeling intensive. A lot of your time is with actual due diligence and research. Lot of poring through 10Ks, listening to earnings calls, looking at company presentations, attending conferences if you are lucky, etc. The model is a just a supplement to the reports that you write. Looking at end markets and refining your estimates/projections are really at the core of it.

Your question of exit opps: I think it is the same as "traditional" ER. You are just not doing DCFs all the time. For some industries, DCF is too volatile and theres no better approach that to slap on a multiple.

 

Officia dolor dolorem sint odio necessitatibus assumenda. Tempora commodi possimus ad iste exercitationem reiciendis. Dolorem est illum aut earum veniam. Suscipit quibusdam deleniti voluptatem voluptatem voluptas repellat.

Veritatis perferendis soluta omnis sed dolor. Laboriosam dolorum dolore et et omnis amet sapiente. Modi incidunt rerum dolores et omnis. Nisi illo eum quis est enim. Repellat rerum accusantium aut porro. Et nostrum rerum nulla laborum quia aspernatur voluptatem.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

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
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
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...”