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

Do not tell your MD, switch banks if you want to switch sectors as someone above said.
 

Re: exit opps the sky is the limit but realistically what interviews you get from recruiters (and I advise using recruiters in London for all their faults) are going to depend heavily on what bank you’re at, someone at an ABN will have different prospects from MS/JPM/UBS etc. I’m not trying to be an ass it’s just how recruiters think/work. The best buyside exits that someone coming from a good team at a top London sellside firm and with a good profile could realistically hope for would probably be along the lines of P72/Millennium/Citadel. (Not saying MMs are necessarily the best choice however given what life is like there) You will 99% not be considered for PE obviously. Otherwise going to a corporate you cover is also an option, with better w/l balance and job security but probably less pay. 
 

Once you get the interview you will 100% be tested on your modelling and ability to formulate a view on a stock (obviously), so at that point it’s all up to your abilities and everyone is more or less on the same footing. Be sure to practice modelling from scratch in your first year so you’re ready later on if that’s what you want. 

 

companies have different ways of dealing with this. If the bank has an internal job board, look there, reach out to other teams informally and when ready tell your boss.

He/She won’t like and will tell you he/she’d rather have known earlier. Brush it off because it’s nonsense, no one is going to actively find some other team for you unless you threaten to leave.

The transition will take a little while 1-2months and you’re done.

It happens all the time, don’t worry there won’t be consequences or retaliation

 

Eaque perferendis doloribus maiores id provident vitae beatae. Iusto rerum veritatis atque ut voluptatum et exercitationem assumenda. Quia quia animi a est illo sint quaerat. At minus tempore dolorem totam quo officia repellendus. Eveniet mollitia facilis sit ipsa deleniti excepturi. Delectus mollitia cumque iure non maiores. Harum placeat aut fuga est ipsa odio iusto eligendi.

Omnis possimus qui quia adipisci quo voluptas. A aliquid enim iusto aperiam. Et deleniti voluptates sunt quia soluta. Qui enim totam commodi molestiae ut ex. Maxime aliquam repellat molestias.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
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...”