ABL to DCM, LAF, Coverage, etc…

I have been working in ABL for a major international bank in NYC (BNPHSBCBarclays, etc..) for a year and a half now, I will hit two years in the fall. Before this I was working at another international bank (Deutsche, UBSCredit Suisse)  for one year in a middle office role in trading. I was in the U.S. military before that. I graduated from a major state university, non-target while on active duty (Ohio State, Penn State, UF, etc.) and really had no idea what to do with my life when I got out of the military, I actually faced homelessness for about a year before I ended up at said bank. Essentially my path to this point has not been traditional whatsoever. I have never done an internship and I have always felt like I’ve had to fight tooth and nail to just get to this point.


I am a part time MBA student at one of the T10 schools (Booth, Kellog, Stern) and I will be 75% done with my program when I hit the two year mark, I do classes on Saturday mornings and the GI bill has funded it all. I did part time over full time because I was not willing to give up working, the stint of borderline homelessness really did a number on me. 
 

I am done with ABL, I see no future in it and want more. I currently make $110k and my bonus this year was $25k but I want to do more. The work is getting boring and repetitive. All of the deals I have worked on have been LBOs involving our LAF desk. My question really is what should my next step be to get out of here? My modeling skills are solid and on par with anything you’ll see in IB, most of my work has ended up in LAF write ups. 
 

I want to make the jump to LAF, DCM, Coverage, etc… at MM operations like RBC, Scotia, ING, etc.. but I am not sure really where to start or what to apply for. I don’t know if the MBA makes me overqualified for analyst roles or under qualified for associate roles given I’m not 100% done and have not done an associate summer internship. Not sure if it matters but I have my SIE, 79, and 63 as well. I know I can network internally but that is contingent on openings, I am really looking externally. Any input is appreciated. I am planning on starting the process of changing jobs right at the two year mark in the fall. 

 

Veritatis ex sed nobis quibusdam quam. Tempora deserunt omnis vel fuga. Sed esse vero rerum in cum.

Ratione adipisci quia quo velit placeat debitis nulla. Ducimus ipsa atque aperiam quasi quod aut. Veritatis nihil corporis explicabo quia dolorem rem.

Ea enim molestiae magni atque consectetur suscipit sit est. Dolore quaerat quasi sint aperiam minima. Earum dolores voluptate quisquam sunt natus.

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

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
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...”