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chi-town's picture

1st yr banking or go for M.B.A.

I was just wondering, since most of the 1st year anaylst hate their job, is it better to do something else right out of college that isn't so "painful," and then go for an MBA at a good school and start out higher then someone coming from undergraduate? What do you gain from doing banking after undergraduate as oppose to starting as an associate after your MBA?

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rpm4's picture

if you are serious about

if you are serious about going into investment banking, you should definately pursue an analyst position out of college. it is important for many reasons.

- it will get you into a top tier MBA program, which will then gaurentee you a top associate position out of business school

- it will help you pay for business school

- you have to go through the "trial by fire" eventually, it is better to do it now and make sure this is for you, before you go too far down the path

GameTheory's picture

I Agree

If for some reason you decide IB is not the career you want, you have decent options in other realms of higher finance past your two years in IB. It will be harder to recruit for PE out of B-school or as an associate.

chi-town's picture

I really want PE

For my long term future I really want to work at a HF or PE shop. I have just heard that the bets way to get into those places is starting in I-Banking. DO you agree or do you think it is possible to get into a Blackstone or other PE shops straight from Buisness school? Also, if you do well on your GMAT is it hard to get into places like wharton or kellog coming from a non I-banking job maybe something such as operations or controler?

69db2837's picture

it's a good base

it's a good base