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UK Exit Ops Watch

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    What do most analysts do after banking in the UK? There seems to be less of a PE culture in the UK but I'm not having much luck figuring out what else they go and do?
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    (Original post by Lord_Farquad)
    What do most analysts do after banking in the UK? There seems to be less of a PE culture in the UK but I'm not having much luck figuring out what else they go and do?
    I think hedge funds as well sometimes.
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    Many step-up to associate (natural career progression), some move into allied professions and consultancy. Still more burn out and end up career changing. It's astonishing how few people remain in finance 5-7 years down the line. My old SMD (34) once told me that there was only one person from his GS IBD analyst class (10-11 years previous) left in "mainstream" finance (Inc. Hedge funds and PE). He himself had changed firm several times. Same story repeated at associate and VP level.

    Very few move into Private Equity (lean staffing for London deal teams, generally) though some may move into similar fields (fundraising, investor relations etc).
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    (Original post by Redeyejedi)
    Many step-up to associate (natural career progression), some move into allied professions and consultancy. Still more burn out and end up career changing. It's astonishing how few people remain in finance 5-7 years down the line. My old SMD (34) once told me that there was only one person from his GS IBD analyst class (10-11 years previous) left in "mainstream" finance (Inc. Hedge funds and PE). He himself had changed firm several times. Same story repeated at associate and VP level.

    Very few move into Private Equity (lean staffing for London deal teams, generally) though some may move into similar fields (fundraising, investor relations etc).
    What do the ones who leave finance do? Financial Analyst roles at corporates?
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    (Original post by Lord_Farquad)
    What do the ones who leave finance do? Financial Analyst roles at corporates?
    It depends really
    Some will stay at the bank or move around competitors
    Some will move into VC, PE, HF or consultancy
    Some move into the big 4
    Some will start up their own firm
    Some will join boutiques/mid caps for stability
    Some will move into a financial role at another firm i.e. a big corporation
    Some will change career path completely

    There are a lot of opportunities. Whether the best time to move is post analyst or post associate or at a more senior level is more debatable. I was chatting with a VP @ MS last night and he felt that the more senior you are the better the exit opps and opportunity is. My counter argument to that is when you've worked in a finance role for so long - many see you as a one trick pony. He also mentioned that moving from banking to consultancy is news to him - he only knows of one person that has done that. Consultancy to banking is more common.

    Meh as long as you get in (which is the hardest part) you should be fine. Assuming the recovery is on its way.
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    (Original post by Lord_Farquad)
    There seems to be less of a PE culture in the UK
    really?
 
 
 
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