{ "media_type": "text", "post_content": "Up for promo to manager from FDD, should I consider a role as exp analyst at a MM if I want to work in IB or can I land as an associate without MBA?", "post_id": "60538f16d80b2200228832e3", "reply_count": 6, "vote_count": 4, "bowl_id": "5c04d0b643b531001738b601", "bowl_name": "Investment Banking - IBD", "feed_type": "bowl" }

Up for promo to manager from FDD, should I consider a role as exp analyst at a MM if I want to work in IB or can I land as an associate without MBA?

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I did that switch but after a manager as a year (early promote) and part of my time as an SA/manager, I had a few month stint where I was loan staff to a corp dev group to help a divestiture (running analysis, helping with diligence, preparing materials, etc) so could spin that as more banking related. At a MM now and someone with 3-4 years of experience would definitely be an analyst. Maybe 5-6 years we’d give enough credit to be a 1st year associate but would really need to prove you could run a process (at least M&A and maybe capital markets). Everyone is so busy right now that there’s not much time to train an associate so really need someone who can be additive from day 1 at the associate level. Otherwise if you need a lot of direction/handholding, I’d rather hire someone on as an analyst and pair with an associate who can teach than bring in an associate with no experience off cycle and have to lean on the job without going through a training program.

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Associate is easier to swing if it’s a smaller bank or no name I imagine. The more established institutions will want u to be an analyst before leading analysts as an associate

I moved to IB with ~5 YOE as an analyst 3 and got promoted to associate after a year. Glad I did the analyst stint as it really helped me get my bearings / fill gaps in my skill set before I started taking on more responsibility

Would it be okay if I could PM you to ask how you managed to communicate your strategic planning/ Corp operations experience as part of a competitive application for an IB analyst? Currently in the same spot and would love to get your insight

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