Which verticals within PubFin are best for exits or development of transferrable skills to either PE or traditional IB? I was thinking it would probably be P3, Transportation, or Healthcare given that they might have greater exposure to traditional modeling, but I would appreciate some light shed in this regard. Additionally, what about groups that cover land-secured deals (e.g. California Community Facilities District) with regard to the aforementioned development or career mobility opportunities? Thanks a lot!
28 Feb 2021
WSO Community, I'm finishing up my first year at a private ~Fortune 500 company in their corporate development group (M&A, VC investments, some JVs, board presentations). The company's industry is loosely classified as business services. I was incredibly lucky to get this opportunity after two years of non-IB experience. I thought it would be the perfect combination of work-life, money, and intellectual stimulation. I do generally love the work but I'm finding that the people don't share the same drive as me and I'm definitely getting underpaid for my title / position. My plan is to make it
14 Sep 2017
Wanted to float this question to the boards and see what kind of feedback comes my way. Currently working in an operations role of a top-tier hedge fund and want to carve a path toward a role as an investment analyst. I understand the magnitude of the impossibility, but I am trying to be tactical and get a feel for what I am up against. For the purpose of this exercise, I'd like the below inputs to be taken into consideration. I have ~7 years in operations CFA & CAIA Designation PE and IB WSP Bootcamps completed Items I've considered / am working on below. Wharton MBA (feel strongly about my
01 Mar 2021
Can someone provide insights on Wedbush Securities (LA)? Specifically their ER dept? What % of summer interns get full-time offers at Wedbush? And what do the exit opportunities look like? Can you transfer into IB later? Can you get into ER at some other top firm (JP, Goldman, etc)? How does the compensation compare to consulting firms?
13 Apr 2021
Hey y'all, I am interested in learning more about the exit opportunities for AM. I was wondering are they typically HF or PE or neither? I know there is an existing list however, it is old as hell. Also, say you are at BB for your AM position. Thanks!
28 Feb 2021
Can someone please provide insights on NERA Economic Consulting. Specifically their Antitrust and IP department. What % of summer interns get full-time return offers at NERA? What do the exit opportunities look like? Is it common for employees to enter management/strategy consulting later in the Big 3s or the Big 4s? How does the compensation/job security compare to Equity Research jobs?
13 Apr 2021
Hey guys, From what I've gathered from speaking with consultants, places like Bain and BCG seem like fantastic places to work. The people appear to be happy and well-paid. Glassdoor/Fortune lists also support the idea that the consultants at BCG and Bain are happy. If they are so happy, why is there such a culture of "2/3 years then out" (often for inferior pay) on this forum? Is it different in real life, or are the consultants not as happy as they seem? Any input is appreciated.
03 Apr 2016
I know there are some older threads on this but they don't seemed to be getting much traction anymore so I wanted to start a new discussion. I've been seeing a lot of job postings and general talk about the field of shareholder advisory/activism + corporate governance. I had a few questions regarding this space: 1. Is there a "definitive" ranking to the banks in this space? I know Goldman, Lazard, Houlihan, Citi, PJT, Evercore, and some other banks have dedicated groups. Which are known to be the "best" on the street? 2. I know this is a newish space but how are junior people seen? What do
19 Mar 2019
Hi! So can anyone outline the exit opportunities from Treasury? I'm currently in a corporate treasury role that doesn't have much career projection internally (struggling company - no M&A division) - and so I'm looking for other opportunities that I could explore. In my current role, I've been exposed to multiple refinancings, managment of the long term cash flow model, some operations, and some outreach for new investors. I'm pushing for more exposure into the risk management side, but I don't think I'll get exposure to that anytime soon. I have a background in audit & an MBA that focused in
02 Mar 2021
I could not find much information on this site regarding lifestyle/career progression/compensation of folks working in the venture debt space. However, my concern is that venture debt funds are essentially no different than other tech lenders such as SVB/Square One. Looking at lending opportunities are inherently different than evaluating equity investments, and I would like to work in VC. As an intern, would this opportunity be a good stepping stone into recruiting for FT Tech investment banking jobs in SF? Would also be great to get any general knowledge about careers in the industry.
18 Jan 2017
I recently received a full-time offer for Corporate Finance Development Program within a major bank in US and I was wondering what are some potential exit opportunities for those who are doing Corporate Finance in financial services (banks etc). Is it possible to do a lateral to IB or go into PE down the road? (Will I be able to build relevant, transferable skills within corporate finance and be an attractive candidate etc?) I will be coming from a top tier university.
13 Oct 2018
Hey guys, I've been an enthusiastic reader of this forum for a while, but now I decided to write my first post to ask clarifications about something which is kind of a puzzle to me. What is wrong with bankers? Reading their opinions, I have the feeling that 90% of the evaluation of a job is made in terms of exit opportunities. It seems that everyone here hates their lives and their jobs, and that most analyst-level bankers do that job just in order to move somewhere else after a couple years. Well, why that?! I mean, banks offer sweet opportunities of career progression, and I'm sure the job
12 Oct 2014
Here are the facts I've gathered from my research: A) My Economics professor claims that after spending 10 years working for the New York Federal Reserve I will be able to leverage my experience and the connections I've made on the job into a high ranking position at nearly any financial institution. The professor is crazier than ape shit, but for some reason he's rich and he seems to know a lot of wealthy people.
14 Sep 2010
So I just graduated from undergrad and accepted an offer to work at Google, in their Dedicated Client Services division (it's like account management with their big advertising clients)... And Google from what I've heard, read, seen and the reactions that I get from people when I tell them I'll be working there, has shown me that Google is an amazing place to work... Culture, perks, etc... But I have recently been presented with an opportunity to work at McKinsey & Co., which is also an amazing place to work. I interviewed with a ton of I-banks and BCG, and Bain during the fall, but ended up with a job at Google... So now that I have to make a decision between the two, the biggest thing for me would be which company has better exit opportunities??? I wanna make the best decision for my future and not just what looks good for now... Any thoughts?
07 Jun 2010
Currently A1 at EB and want to exit in the next year. I am having a tough time deciding if I am more interested in growth equity or traditional private equity, and I was wondering which firms offer more "generalist" programs where associates get to work on both more growth oriented investments as well as the more debt-heavy buyouts. Thank you all!
02 Nov 2020
Hello fellow primates, Have just been invited to interview for an Eastdil Analyst position in the London office and I am seeking the standard comp/hours/exit opps info for this branch. I understand they are new to the UK so there might not be many of you out there with direct/indirect experience, however examples from US offices would be extremely helpful. Bit of background: New entrants to the UK RE market however they have repeatedly worked on landmark deals (Broadgate Stake Sale), im assuming based on their strong relationship with BX etc from their US dealings. Michael Cochran and James
24 Nov 2016
I'm a physician (MD) turned consultant at MBB (US). Really enjoying the work so far (healthcare exclusively so far), but starting to think about exit opportunities (3-5 years down the road). 1) What are some common exit opportunities for associates/managers at MBB in the healthcare sector? (including salary, hours etc) 2) In addition to healthcare which would be the most straightforward path for me, I have a keen interest in finance, though no prior training (life science undergrad --> med school --> residency --> attending, no MBA), nor work experience in finance. As you can imagine, I am
08 Dec 2020
Hi all - there has been a lot of talk on WSO about the deal flow and exit opps of top groups like RX, Consumer, and Industrials at Houlihan. Would you say that exit opps for the other groups (Business Services, Aerospace & Defense, Healthcare, TMT, etc) place just as well in PE funds / give as good deal experience?
29 Jan 2018
For those of you that moved on from Transaction Services (Financial Due Diligence) - I'm curious to find out what you went on to do? Answer Template Title: Industry: Pay: STET, bump or drop Hours: Better or Worse Culture: Hindsight: Was it the right move or the wrong move and would you have done anything differently?
14 Oct 2018
I have accepted a Risk Management job at a large (too big to fail) bank in NY, i-banking division. 1. What is the job like in terms of hours/pay/experience/exit opportunities? 2. How difficult is it to move into a hotter division, say, i-banking or LevFin? Do you know anyone who moved from middle office to front office (anyone from RM?)? 3. If it can be done any tips on what to do (if I feel unhappy about RM job, should I talk to HR right away or wait for first evaluation)? 4. If you were to rank RM jobs on prestige, 1 being BO ,say IT, and 10 being i-banking, what would you assign? 5. How driven are the analysts in Risk Management (based on your observation, experience)? Is it difficult to stand out? Thank you.
16 Mar 2018
I recently landed an IB gig at a prestigious desk, thanks in part to clever GPA rounding techniques that I learned on WSO. It has been several weeks now, so naturally I'm looking for exit opportunities. Most analysts/associates tell me that the best exit is the same way I entered. However, since I've been working 180+ hours a week I haven't had an opportunity to leave the office and am not sure where the exit is. I've heard that some analysts exit through their window, which I find strange because we're on the 37th floor.... is this a good idea? Any feedback is appreciated. Thanks guys!
03 Mar 2011
I am currently in the middle of my job search and have received an offer from the Federal Reserve as a Research Analyst. It's a two-year position where you mostly assist the bank with policy work and economists with publications. You don't need to do research yourself and the workload is fairly consistent (~40-45 hours a week). I am wondering if anyone has experience with what those who were RAs go on to do. I do not have a concrete career plan or long-term career goals, but I would like to know what industries/positions this leads to. Thanks in advance.
03 Jun 2021
Hi all, I am considering the McKinsey Associate-Implementation role and was wondering what some of the exit opportunities would be. I know its more of an operations vs. strategy role, but I hear MI (Mck Implementation) folks getting staffed on the same projects and generalists. Do you think this job could lead to looks at PE down the road? Thanks!
10 Sep 2020
Hey guys I've been offered an ER position at a BB after an internship, but IBD is where I really want to be. Unfortunately, in this market, not many people are hiring, especially not through the non-internship route (I dont have any prior banking experience either). My first question is: Should I take the offer, and then try and make the switch internally after a couple of years, or should I keep looking until the market picks up again? The reason I ask this is because some people have told me that being in ER virtually rules out ever being able to switch to IBD.
09 Nov 2009
Hi everyone, I have an upcoming interview for an analyst position at Citi's Financial Strategy Group and I am not sure I understand exactly where they stand within the Investment Banking department. I'd like to have your insight on: 1. What do they exactly do? How do they generate business (if any) for the bank? 2. What's the profile/background of people working there? 3. How does it compare to analyst positions in other more traditional IB groups such as M&A? (daily work, pitching vs. deal execution, modeling, working hours, etc.) 4. What are the exit opportunities? 5. What to expect in terms of the interviewing process (i.e. technical questions, case studies, etc.)? Your help would be greatly appreciated. Thanks. L.
26 Mar 2011
Hi, I understand that this may sound stupid to a lot of you, but life is a continuous evaluation of priorities and I have decided that there's only so much I'm willing to give up for my career. I'm currently a second year analyst at a PE shop in an Emerging Market ... It's the best job I've ever had and I really enjoy it. I'm also living a very comfortable life financially and have great long term incentives. The issue is that whilst work is great, life isn't. It's difficult to explain how draining it is to not be able to walk the streets out of fear of being stabbed (have already been mugged
27 May 2014
Received a FT offer to start at industry group with decent deal flow history in European BB in London next year. I know some BBs in the lower half of the informal "prestige rankings" certainly place analysts into top PE funds but realistically is it an uphill struggle if you're not at GS/JP etc. in London? Would headhunters sniff around average analysts from some banks but only the stars from others? Thanks
31 Aug 2016
I'm looking to generate some ideas for the next few years as my bank only promotes some 30% of Analyst level salespeople to the associate level. Everyone else either moves around the bank to other groups/areas in the front office or goes to the buy side. My question is, what roles would be available to someone in Macro Rates Sales at various buy-side firms? Any firms in particular and general positions that come to mind would be helpful. As a preface, I'm at a Bulge Bracket and have some Investment Banking experience as well from 2 prior boutique internships back when I was at university
21 Jun 2019
Hello all! Just wanted to gauge some opinions here, what do you guys think about returning to your old company post-mba? this is assuming that youre not being sponsored (MBB style) or having your company pay for it in any other way (part time or otherwise). Will you be as valued as a freshly minted MBA student would be? Would you be less valuable because youve been there before and youre adding nothing new? would you be more vauable cause youve been there before and already know the system? Any thoughts/experiences/opinions?
11 Sep 2012
This question is for a friend's younger brother, who's a college senior and accepted a job offer at Citadel's investment&trading analyst program. He's excited but is concerned about the exit opportunities afterwards. Supposedly you get assigned to a group after your rotation, and he's worried that his options might be limited depending on which desk he gets into. What do Citadel analysts usually do after they leave? Are they able to land at other elite hedge funds fairly easily?
03 Jan 2012
I'm currently a junior at an Ivy-equal target school (think Stanford, MIT, Chicago, Duke, etc), but it seems like I got dinged at the 2 BB banks I interviewed with for IBD SA. I recently got an offer at this medical business development company that starts medical businesses from scratch; the internship seems like a mix of mgmt consulting and venture capital. One of the head guys there also told me that they can hire me full-time if I do a good job. I'm also genuinely interested in seeing if med business development is a career path I'd like to pursue. But would it be possible to still get
01 Feb 2014
I'm interviewing at a hedge fund for an operations role ('Portfolio Analyst')...I don't have any modeling experience so I understand why I can't fill a real analyst role in IBD.. however, everyone seems to claim that operations is a dead end and I have a hard time believing that committing to a job at 22 years old should signal anything close to a dead end...i believe that ops is a great way to learn the business and progress in a few years.. when asked "where do you see yourself in 5 years" in an operations interview at a hedge fund, what are some good responses?
06 Aug 2011
I am current first year analyst at a middle market bank. I have an upcoming call to discuss potential investment banking exit opportunities to hedge funds with someone created his own billion dollar plus fund. The fund is a long-short equity fund, so it ties in well with banking skill sets and exit opportunities. I was hoping to get some input from fellow monkeys who have made the jump to the hedge fund world what some insightful questions would be to ask . I generally want to get a sense of what it is like to work at a hedge fund at a junior level coming from banking. Maybe some of you guy could give me some insight into your own experience and transition into HF, too. Thanks a lot in advance.
06 Apr 2011
Hey guys, I'm looking for advice on which mutual funds should I also be considering if I want to move to the buyside. My original goal was to put in ~2-years in SS ER and make a switch to the best HF I can sneak in too. Well my 2-year anniversary is coming up in a few months, I'm getting a little bored being a cheerleader for the management teams, and my bonus didn't give me much incentive to stay either. I want to be in a position where my research directly impacts the P/L. Long-term goal is to be a PM. With the industry in poor shape, I thought it would be prudent to consider moving to a reputable mutual fund, especially if such a move doesn't trap you in the "relative-value world" and discourage future employers.
01 Feb 2012
I began a few months ago as an analyst at a PE FoF/advisor at a firm that's a good player in the space (think Capital Dynamics, StepStone, HarbourVest). I've been finding the work to be very boring and extremely qualitative. I've learned a lot about the asset class but don't really have much of a transferable skill set from it, although I'm familiar with modeling from self study and coursework. My next question is... where do I go from here? Did I pigeonhole myself already? My end goal is direct PE at an MM shop - should I try to lateral into banking? Stick it out here for a few years and try
21 Aug 2013
I'm a junior investment banker who's currently trying to decide between an exit opportunity in the corporate development & strategy team at a F500 financial services firm (modelling, strategic projects, M&A) or an analyst role in a small VC (sourcing, modelling, due diligence). Both have small, entrepreneurial cultures and I like the people in both teams. I want to choose the role that would keep the most doors open for me in the long run, so I wanted to know about people's experiences in terms of the skills they picked up in venture capital and how transferrable they are. I also wanted to
20 Nov 2018
thats pretty messed up... didnt think auditors worked this many hours. any of you bankers out there heard of anything similar happen at the office? http://ascportfolios.org/chinaandmedia/2011/04/13…
17 Apr 2011
I recently graduated with a PhD (in EE) and I was fortunate to get two wonderful job offers. I am currently torn between taking a position as a Product Manager at Google or an Associate at McKinsey Business Technology. I would eventually like to start my own company. I am not sure in which field, maybe high tech. However, I also know that plans can change, as evident by my PhD :) . I was wondering which job would best prepare me for running my own business and also provide me with the best future opportunities. I would imagine that google would kind of pigeon-hole me into the software business, while McKinsey gives me the most breath but little operational experience. How easy/likely would it be for me to go to Mckinsey first and then to Google?
27 Dec 2010
Hi everyone, I'm reaching out because I secured a SA position at a BB in the fall, and was placed in a Real Estate Syndicate group, which is within my firm's IBD. I was wondering to what extent individuals working in this come across CRE PE opportunities? I understand that the role is typically much more capital markets focused, but I've been told that the products I'll be dealing with are high yield, which is why I'm curious to what extent I could eventually find myself at a CRE PE fund. I wouldn't have been able to land a job in IB without this site, so thank you so much to everyone
15 Jan 2020
So I messed around too much during first two years of HS and my GPA isn't too great. (Test scores are OK though). I have two options: Indiana (Direct Admit to Kelley) - no $, will have to pay ~35k/year out of state not including living expenses. Tulane - I have a full ride, will need to pay living expenses. From what I've gathered Indiana's IB Workshop has strong recruiting and Tulane's is fairly weak though it seems Tulane does send some people to energy banking in Houston. Ideally I'd like to end up at an upper MM buyside place in NY. I'm leaning towards Tulane at the moment and maybe try to
31 Mar 2015
Hi guys. I've managed to secure an audit internship at a Big 4 firm for this summer and as you can imagine, I'm over the moon about it. Now the plan is that I will enjoy my experience in audit and wish to take up a graduate position for the firm, assuming i was offered a full time place of course.
09 Feb 2011
I had a question regarding interviewing while still working in equity research (or credit for that matter - hours/job not that different at the end of the day). Let's say I want to make a move from my current job as an ER analyst to something else - me specifically, the buyside, but this question would hold for corp dev roles, MBA interviews, and pretty much anything else as well. How do you find the time to actually go interview? I'm not saying reaching out to headhunters/networking in general - I am asking how do you get OUT of the office during the day to interview? As many people know, you are TIED to your desk during the day in ER.
23 Nov 2012
Exit Ops for a fundamental research analyst working with a Credit Hedge Fund Hi Folks, I am working as a fundamental research analyst with a multi-strategy hedge fund ( more focussed on credit). I have a work-exp of almost 1.5 years. This fund is associated with one of the top bulge bracket firm's asset management division and has >$2 bn AUM. However, I want to move to a NY-based hedge fund (preferably on the credit side & with a comparable size) as the mobility options to NY desk in my current fund are VERY limited. I want some advice on how and where should I start applying, the salary I can
09 Nov 2011
Hey all, So I have a second round interview with an internal investment management subsidiary of McKinsey/Bain/BCG, This group manages the money for many of its partners and clients. The job would be a mix of quantitative modeling and hedge fund risk analysis. Basically, evaluating the economy and creating models for that evaluation and evaluating hedge funds and other good investments. For a well respected company like McK/B/BCG: is this a good start to a career? (entry-level) What are the exit opportunities here? How would this be looked at for top 10 B-Schools? Any insight on related experience, or relevant knowledge would be greatly appreciated!!
27 Aug 2010
I got interviews with McKinsey, Bain, BCG, Monitor, Accenture, Oliver Wyman... and am making the following decision since I ended up with only an Accenture offer in consulting (and other non-consulting offers): How competitive is Accenture's Management Consulting Development Program (MCDP) in the following areas: -a. Comparison to McKinsey, Bain, BCG -b. Exposure to industries and businesses? -c. Exit opportunities (other than MBA) in the MCDP--comparable to top-tier firms? -d. What are Accenture MCDP's target schools? -e. Diversity and culture in MCDP? -f. Types of projects in MCDP? -g. Work/life balance? -h. How long are most projects? -i. Is it prestigious? -j. anything else you would like to include
24 Jan 2011
Which groups in IBD typically have the best exit opps into Corporate Development roles? Do Corporate Strategy / Development groups prefer an analyst from an industry coverage group more than a product group analyst (M&A)? My understanding is that coming from an industry group will give you better options in Corporate Development in the industry which were worked in (Ex. 2 yr stint in Consumer & Retail IB -> Macy's Corporate Development).
12 Mar 2015
I have an offer from Stifel Nicolaus for their IBD office in Baltimore. I also have an offer from Ewing Bemiss, its a boutique in Richmond with about 20 bankers. I liked the guys at Ewing Bemiss more, but I feel like Stifel would provide me with better exit opportunities. What do you guys think? Your input is appreciated.
25 Oct 2010