Spent 2 years in B4 audit, then 2 years in FDD at a different B4. I’m considering a move to a boutique IB with ultimate goal being either Corp Dev or potentially other buyside opportunities. Will I close doors to Corp Dev at large (F500) institutions by moving to a boutique nobody has really heard of?

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Also went from FDD to IB. I say make sure you know what you’re getting in to. If I could do it again, I’d stay in FDD

likesmart

^

IB is not worth it. I don’t care if you make double what FDD pays. It’s not worth giving up weekends going out with friends, dating, picking up hobbies, working out, evenings spent with your family/pets/etc, your mental and physical health. You’ve got an FDD career that would satisfy 97% of the general public when it comes to pay. All that money won’t turn the clock back. The IB culture ain’t it Chief.

likesmart

Appreciate your response and you’re not wrong. I just feel like with the right boutique the WLB may not be as much of a sacrifice as it is with the MM/BBs of the world and the experience would make me much more marketable when it comes to exit opportunities.

You might as well just go straight to corp dev from big 4 and start lower as an analyst or associate at F500. Probably a pay cut from FDD, but no point doing IB unless you want PE.

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This is super helpful, thanks for the response. I’m just having a difficult time deciding when to make the move if I were to go directly. I’ve found that a large portion of F500 teams the IB background is basically a prerequisite.

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