Small Market IB Jobs -> Exit Opps?

sherborn's picture
Rank: Monkey | 53

Hey everyone,

What are your thoughts on possible exit opportunities when you are at a IB in a small market? A MM or boutique would get you a lot of opportunities if you were in LA/NYC/SF, but what about a MM or boutique in a smaller city? Granted if you work your tail off you can overcome a few barriers, but would you be doomed to work in that city for a longer time than you expected because of where you are?

Comments (16)

Oct 25, 2010

like.. des moines small? or what? lol

investing in joes soda shop?

Oct 25, 2010
shorttheworld:

like.. des moines small? or what? lol

investing in joes soda shop?

Lol. I'm actually looking for a job in Des Moines. Moving from Chi-town...

Oct 25, 2010

Haha essentially, yeah. I'm considering an opening in Southfield, MI. Not exactly the NYC of Michigan haha.

Oct 25, 2010

err. lol. cant comment much. but cant think itd be too spectacular ;\ BUT to each their own?

Oct 25, 2010

Depends on which MM/Boutique you are in if you don't mind us asking

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Oct 25, 2010
Oct 25, 2010

@ mp11: I doubt that is the company...that's a legit midwest MM firm

Oct 25, 2010

Yes sir thats the firm

Oct 25, 2010

So if that is the firm...then I would just take it if that is your only option. I would try moving from Des Moines to their Chicago office and get into an Industrial group.

Oct 25, 2010

Thanks for the advice. I'm currently in LA and I was applying to some tax positions (I'm a tax analyst with a finance background), and I saw that position in Southfield (on Plante & Moran's website). Knowing that its tough to jump into the IB industry, I was thinking I should just snatch it up but I was worried that it would be difficult for me to jump from there to a PE or BB gig 2-3 years later in a big city

Oct 25, 2010

If you wanted to do IBD and set on it as your goal to reach PE...then work there for a year or two, either then try move to a boutique as associate in NYC or do B-School and get into BB IBD Associate and after another 2-3 years get into PE. By then you are still around 30. Still way much better then doing tax for the rest of your life.

Oct 25, 2010

Being in a donkey show is better than doing tax for the rest of my life haha. I've come to that conclusion so I'm trying to find something in IB. Thanks for the advice fellas and fellettes

Oct 26, 2010

The deals u were on.

If u worked at Goldman NYC and didn't get to work on a single deal (just pitching and other administrative work), then exit ops are pretty much out.

Most of the time, working at a regional office for a BB tends to get u exit ops within the region.

NYC is the hub where headhunters source majority of banking analysts. They source them for opportunities all over.

If u worked in another area noted for having banking activities such as LA/SF, you could get sourced for opps all over as well.

Now if u worked for a boutique or regional office in minnesota, ur exit ops would come from places near u.

I'm making it up as I go along.

Oct 26, 2010

Thanks for your insight!

Oct 26, 2010
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