tired of buyside exp - need lateral advice for ib

hey everyone, graduating senior here. My current options include a long only shop in chicago and 2 distressed/special sits credit shops in nyc.

I enjoy the work I do on the buyside. All of my internships so far have been on the buyside - from event driven equities, long only equities, distressed credit. I'm considering networking for lateral ib roles to jump to a role if possible. The reason why is that at all of these internships, I've been just thrown on tasks/deals to work on and expected to learn everything on the go.

As amazing as my experiences have been, they have also made me very anxious at times and very stressful as I'm constantly worrying about being on the axe even though my reviews so far have been good. Recently ended up staying awake until 5am and then getting back to work at 9am until 2am the next day - I have been putting in 80+ hours a week and sometimes I get completely new stuff that I have to quickly read on and then get to work - whether it's building models, covering something completely new, analyzing different stuff, etc. There is a very low chance of me affording to make mistakes as there isn't any associate/senior analyst covering me up or available to teach me something new here. One potential mistake and I'm under fire from the principals/pm.

I've mainly been looking at ib roles as a way to just start as everyone intending to go to the buyside does. Don't get me wrong, but I'm willing to spend 2 years working the same hours if I have at least a structured program that leads into these buyside roles while I learn everything I need in between.

That said, I'm not sure how networking/recruiting for ib lateral roles work from the buyside. I feel like people would think something is wrong if I'm approaching them from the situation I'm in. My story for transitioning is usually that I want to gain more transaction experience/be on the advisory side, etc. but that doesn't seem to cut it.

With the pandemic I'm not even sure when it would be appropriate to start networking as well. Any advice would be helpful. Thanks

 

Adipisci esse odit dolor id laudantium. Laudantium deserunt quaerat consequatur omnis. Ea vel vel et eos eos quia.

Repellendus corrupti dolores exercitationem culpa deserunt ut unde. Mollitia quos dolor minus minima quia culpa. Velit impedit qui vel accusantium consectetur. Saepe vitae ut voluptatum aut molestiae.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
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...”