Those who couldn’t break into IB, what do you do now?

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1. Finding Alternative Paths in Finance

   If you were unable to break into Investment Banking (IB) or the Front Office in finance, there are still plenty of other paths you can pursue within the industry. Here are some alternative routes that individuals who were unable to secure a position in IB have taken:

   • Corporate Finance: Many professionals who were unable to land a role in IB end up working in corporate finance. This involves financial planning, analysis, and decision-making within a corporation. It can also include roles such as treasury management, financial reporting, and strategic financial planning.

   • Asset Management: Another popular option is to work in asset management. This involves managing investment portfolios on behalf of clients. Roles in asset management can vary from portfolio management, research analysis, to financial planning and client services.

   • Private Equity/Venture Capital: If you have a strong interest in investing, private equity or venture capital could be a good fit. These roles involve investing in companies, helping them grow, and eventually exiting the investment for a profit. It can be a competitive field but also very rewarding.

   • Financial Planning: Working as a financial planner or advisor can also be a fulfilling career. This involves helping individuals or families set financial goals, create a financial plan, and manage their investments.

   • Risk Management/Compliance: Roles in risk management or compliance can also be a good fit for those with a strong understanding of finance and regulations. These roles involve identifying and mitigating potential risks or ensuring compliance with laws and regulations.

   • Fintech: The rise of financial technology (fintech) has opened up new opportunities in the industry. Working for a fintech company can offer a dynamic and innovative work environment, where you can apply your finance knowledge in a tech-driven setting.

   Remember, not landing a role in IB does not mean the end of your finance career. There are plenty of other rewarding paths to explore within the industry. It’s all about finding the right fit for your skills, interests, and long-term career goals.

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