If you’re one of the 2-4% of applicants to secure an entry level job at a bulge bracket investment bank, would you leave less than two years into your career for a tiny boutique or private equity firm?
This is increasingly a trend among the relatively new recruits of big investment banks. The latest example is Daniel Yu, who was an investment banking analyst in J.P. Morgan’s TMT team in London. He’s just joined Goldacre Partners, a TMT-focused advisory firm, as a venture capitalist investment analyst.
Goldacre says that it offers insight “through its maverick style” and is offers a range of investment services in the TMT sector. It has just six employees in London.
Moving from investment banking into a buy-side role after a couple of years is a well-trodden career path, but analysts making the move this year have increasingly targeted investment roles in smaller firms.
Shuang Zheng, a second year analyst at J.P. Morgan in London, and Alessia Negri, a third your analyst on Morgan Stanley’s consumer and retail investment banking team, both joined ZZ Capital International in November. ZZ is building its investment management business but remains relatively tiny with just $210k revenues generated in the second quarter of 2016.
Jaroslav Valiukevic, a former Morgan Stanley analyst, joined small special situations private equity firm Novator Partners in October and Thomas Sineau, who worked as an analyst at Deutsche Bank, was hired by tech investment firm REV.