Basically I am wondering what your thoughts are on my situation. I went to a non-target and did not go hard enough to get a prestigious offer. I've been focusing on IB the last two years and it's what I am set on pursuing. My offer while appreciated is not as great as the BB or EB salaries I have seen on this site for the past two years so it's a little disappointing. Do you think I can start a IB career with this position and maybe it will help me get the experience I need to continue advancing in the IB career path?
The position is Business Development Research Analyst. Entry level for M&A advisory.
Small firm rural location- less than 15 partners/full time.
Primarily responsibilities: qualifying potential targets through qualitative research for buy side and strategic clients. **Secondary responsibilities: **follow up on spin off opportunities, source potential buyers, initiate discussions and draw up agreements.
Responsibilities: Create target lists, prepare marketing material, status reports, and maintain client database.
Rate of pay: $600 per week, no medical/retirement
Hours: 40 per week Mon-Fri
Bonus & Commission: 1% of firm's gross sales, bonuses given at owner's discretion.
Also do you think it would be possible for a first year to complete a spin off in their first year on the job?