SS ER: How to make a transition from a MM IB to BB
I need advice on making the transition from a MM IB to a BB in SS ER.
- I’m a non-target with 3 yr. Exp. In the life sciences tools sector.
- I have completed all FINRA exams and have an MBA from non-target university.
Any advice will help.
Transitioning from a middle-market investment bank (MM IB) to a bulge bracket (BB) in sell-side equity research (SS ER) can be a strategic move, especially with your background in the life sciences tools sector and your educational qualifications. Here are some actionable steps and considerations based on the most helpful WSO content:
Leverage Your Sector Expertise: Your experience in the life sciences tools sector is a valuable asset. Emphasize your deep industry knowledge and how it can contribute to the BB's research capabilities. Highlight any specific projects or research you've conducted that had significant impacts.
Networking: This is crucial, especially coming from a non-target school. Utilize LinkedIn to connect with professionals working in SS ER at BBs. Attend industry conferences, seminars, and webinars where you might meet BB professionals. Don't hesitate to reach out to alumni from your MBA program who are in the industry.
Strengthen Your Resume and Pitch: Tailor your resume to highlight your expertise in equity research, particularly any analytical work or reports you've authored. Prepare a compelling story for why you want to move to a BB and how your background aligns with the role you're targeting.
Prepare for Interviews: Be ready to discuss your previous research and how you've generated actionable insights. Familiarize yourself with the BB's research style and recent publications. Be prepared to perform a stock pitch or a detailed sector analysis as part of the interview process.
Consider a Lateral Move if Necessary: If direct entry to a BB seems challenging, consider moving laterally to a similar role in a smaller or similar-sized firm that has strong ties or frequent interactions with BB firms. This can sometimes serve as a stepping stone.
Showcase Your Credentials: Highlight your FINRA certifications and your MBA, as they add to your credibility. Make it clear that you have the necessary qualifications and regulatory knowledge to excel in a BB environment.
Follow Up and Stay Informed: After networking events or interviews, always follow up with a thank you note reiterating your interest. Keep yourself updated with major trends and changes in the equity research sector to remain a relevant candidate.
By focusing on these strategies, you can enhance your chances of making a successful transition from MM IB to BB in SS ER.
Sources: 8 Reflections on Leaving IB After a Decade, How to go from BB SA to MBB full time?, Advice for New Analysts Seeking PE Exits, Bulge Bracket ER Q&A, https://www.wallstreetoasis.com/forum/investment-banking/eb-vs-bb-long-term-and-exits?customgpt=1
Reason for the switch?
They let you take the 86 and 87 as an IB analyst?
Sorry I may have not been clear in my title. I am currently working in equity research at a middle market investment bank and want to transition to a budge bracket, because I believe it will help aid in a transition to the buyside.
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