Long Term Career in IB | What is the Strategy?

希望每个人都享受周末。这将是一个很长的帖子,所以我大胆地提出了一些要点,我特别想解决。

I'm currently an AN1 in a top group at a topMMand am genuinely curious as to the most optimal path for one to take if their goal was to stay inIBlong term.

I've lurked on this site for some time and I generally understand the pros and cons of leavingIBfor "greener" pastures likeHF,Corp Dev或PE但是,由于多种原因,不要发现那些吸引人的角色。

Before anyone chimes in and tells me that I'm getting way ahead of myself let it be known that I hear you to some extent but that I came from a non-traditional path (military) and that I'm currently in my late 20's with a fiance and will likely be having kids within the next 4-6 years so I feel as though I know myself quite well.

我非常努力,决心和勤奋,并且有信心不会随着我的年龄增长和在行业中更加经验丰富的人不会发动太多。至少在专业意义上,我也有些避免风险,而不是特别有创造力或有见地((seems like big paydays on thebuy-side only cometo the absolute best performers who have both these attributes)but I do have a genuine interest in businesses and have enjoyed the interactions with clients and the work I have done for them so far.

A long-term career inIBis appealing to me because it's an institutional role((repetitive and somewhat predictable at the higher levels)我觉得风险与奖励的风险相得益彰,以及从我目睹的晋升水平,有效地使工作和生活方式更加容易(senior managers can seemingly delegate 95% of deliverables, the firm and your teams become more accomodating around your personal responsibilities like kids, you can set the beat that everyone marches to, etc.)。I feel like this pro of staying inIBwill actually only become better as well especially as WFH continues to become normalized (anyone above VP at my firm is literally not required to come in at all ever).

我不希望我的帖子低估高级银行家的角色,也不希望到达那里所需的工作量或他们所做的工作量。我唯一的aimis to convey my belief that there is such a thing as a "process" MD or senior banker who acts in an institutional capacity and that it is far easier to achieve that than it is to become a successful investor on the卖方I believe this to be especially true for people like me who may not see themselves as passionate about investing or intelligent enough to stay on top of the game as successful investors do but instead see themselves as workhorses who aren't really bothered by the hierarchical bureaucraticBSthat banking has and instead can leverage those things to their advantage.

So with that said, what is the most optimal way to makeIBa long-term career?

我可以在一家公司的整个职业生涯中脱颖而出吗?

Do I aim to go A2A or lateral?

高级分析师是否将其他地方的合伙人横向担任?

Do I have to go back and得到一个MBAeventually?

How do I manage office politcs at my current firm if I want to stay on?

When do I begin to let my interests known?

试图继续前进时最重要的是什么?批准老年人?交易#?技术技能?我会想象所有这些事情。

Lastly, I would love to hear from any senior bankers that began their careers as analysts. How did It work out? Anything you would change?

Comments (13

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank:Chimp
1y
Anonymous Monkey,,,,what's your opinion? Comment below:
[Comment removed by mod team]
1y
Golden1,,,,what's your opinion? Comment below:

  • Analyst 2inIB-M&A
1y

Interested as well.

1y
KingKongHardo,,,,what's your opinion? Comment below:

以下是一个很好的线程

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最有帮助
  • Associate 1inIB- Restr
1y

If you like the group that you're in, the play is definitely to ride it out at your firm. If you can get the job done during the analyst years and get the A2A promote (most groups very much prefer to source associates internally), you're hard to fire. If you can get the job done during the associate years, you'll get the VP bump, which is not a bad place to sit for an extended period of time. At least at my firm, 2nd year associates can make more than MDs in down years (2021 has been an ungodly slowRXyear) since the MDs are eating what they kill and VPs will make a lot more w/out any of the risk associated w/ your comp being tied to revenue generation.

分析师可以横向成副高级职务ns at other banks, but other banks tend to prefer poaching associates for associate positions.

您绝对不需要得到一个MBA。银行业的家伙MBA,,,,in my experience, are guys that either did not get into banking out of school, wound up in some corporate role and needed theMBAto re-open options or went straight to thebuyside,撞到那里的天花板,需要MBA重新打开他们的选择。如果您从银行业开始并打算留下来,您的银行将不希望您离开MBA,,,,let alone require you to for advancement.

Not sure what the dynamics are at your firm as it pertains to letting your interests be known. I'm assuming that your analyst program is a generalist one? M&A analysts at my bank who are getting A2As get the opportunity to say what group they want to work with going forward once A2A promotion time rolls around. Not sure how common this is, but if your bank isn't interested in listening to your preferences at that point, you may want a new bank.

  • Analyst 1inIB-M&A
1y

某些银行或多或少地对内部推广友好,我想说一些银行对建立高级银行家更友好。你在一个MM所以我会给你我认识的洞察力MMbanks. Important to note that even similar banks have very different policies.

Blair/Baird love A2As并以家庭成年的高级银行家感到自豪。如果你对MM,,,,I'd think these are some of the best places to be.

HW需要一个MBAfor associates and basically punts you after 2 years as an analyst. If you're here I'd lateral to one of the above.

If you're at a place like Blair/Baird and stay middle bucket or above, you'll basically keep getting promoted on track without any substantial effort. Only real hiccup is starting to generate revenue as a VP+, but the path there is pretty easy

1y
NewIndustryHorizon,,,,what's your opinion? Comment below:

也很好奇。Gugg帖子MBAassociate turnover is quite noticeable (seen a few I can think of, a cool corp dev exit but also another where the banker lateraled to a much weaker no-name bank).

1y
ledagl8888,,,,what's your opinion? Comment below:

感觉这里可以有一些更好的答案。任何人都将其达到更高的水平,并为每个级别提供技巧 /任何人都在覆盖范围内或其他某种客户开始开发吗?

1y
Psil,,,,what's your opinion? Comment below:

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