2+2, Then What Do You Do?

Together With Reorg

Welcome Back! I’ve got an exciting newsletter for you guys today.

A Message from Reorg:

Reorg, the premier global provider of credit data, analytics, and intelligence, recently released its second-quarter 2024 earnings analytics report of U.S. private and public sub-investment grade borrowers. The report finds that the median U.S. company’s top-line growth continued to decelerate year over year, while EBITDA growth finally picked up after dropping for nine quarters in a row. Interest coverage has also moved up quarter-over-quarter. The report is crafted by Reorg’s team of expert analysts using data from Fundamentals by Reorg™, our proprietary financial data platform.

To access the full report on our website, follow this link.

Let’s Talk About The Buysider’s Dilemma

A lot of information in this newsletter piece is focused on what I struggled with after my 2+2. Aka, I spent 2 years on the sellside, and then 2 years on the buyside. That’s standard for a lot of finance professionals, but the big question a lot of people struggle with is what to do after.

If you talk to the average finance professional 4-5 years out of school, they’re starting to reach an inflection point in their career. They’ve followed xyz predefined path and then maybe they’re continuing to follow a predefined path by starting their MBA at age 27-29.

Not everyone will follow the 2+2 math perfectly, but it’s generally that type of timeline within the first 4-6 years of someone’s career.

But for a lot of folks they’re dealing with something entirely different:

1. They might be ready to leave finance

2. They might be ready to leave New York

3. They might not be getting that Senior Associate/VP promote.

The third point is potentially the biggest problem. I hadn’t realized how things are getting relatively dicier for mid-level folks out of work, so it felt important to start writing about this.