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Age range for associates?

I have a graduate degree and have been in consulting for 6 years since graduation. I am 38. Is this too old to join an I-bank as an associate? Or, could I get hired at a higher level?

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BanKing's picture

Might be hard

It might be hard to get into I-banking at this age, mainly because you are competing with aggressive youngsters. Coming from consulting, I would rather try a job in PE or VC. Cause finally, one might wonder whether you are ready to make 80-100 hrs/week at 38.

It is unlikely that a firm

It is unlikely that a firm will be able to see past your age and bring you on as a jr. banker. As you would likely be working for people who are younger than you, I would imagine most firms would tend to shy away because of your age. However, if you have good industry contacts from your previous experiece and believe that you may be able to bring in some business within the next few years, some firms may be willing to take a chance. Good luck.

Similar Boat

I'm 34 and have been in the law for 9 years and am considering the same question. Banks seem game. Not certain I am . . .

I'm 36 and banks are

I'm 36 and banks are interested in me as an Associate. However, I have 2 kids at home.....I am debating whether I can put in the hours.

35+ associates

We just hired an associate who was about 35-36 and used to be a partner at a law firm. I think if you can sell your motivation right places will take you. It might be hard to get into a bulge bracket firm.

Age range in general

So what are the age ranges?

I guess you can start as an analyst at 21 or so out of college?

Associates are then generally 25-? coming from analyst or MBA or other?
This makes VPs 28 at the younger end, up to ...???

Or did I get something wrong. I think that some consulting companies have a cutoff that if you are not on track to make partner by a certain age then you are too old.

Cheers

can be done but...

...barrier exist (age diff to colleagues/boss, lifestyle, family reqs), (perceived) failure rate by employers is thus higher, and you need to work harder at convincing them

opticalcharge's picture

I work we have a 1st year

I work we have a 1st year analyst who recenlty turned 28. That's horrible.

ZiggyMon's picture

So where shoudl one be at 28?

So according to industry standards, in general, one should be an associate close to moving to VP at the age of 28?

So what could a 32 year old MBA look forward to...

When I graduate from B-school I will be 32 with 6 years of selling experience three of them at either a brokers or commercial banking.
What positions would I be a best fit in??

Associate Age - Average 28/29

Average associate with MBA is 28 or 29 starting out

Europe

Any data points from Europe here? We have alot of countries with 13 yrs high school ed, compulsory military service and slower public university systems.

I'm sure the avg 1st year analyst over here isnt 21. (My guess would be more like 24-25)

Associate Age

Analyst age 23-26
Associate 25 - 32
VPs 27 - 38
Ds 28 - X

These are typical ranges Ive heard of

you really want it?

The question isn't so much will they hire you as, Do you really want to work as an associate? I mean, it's a very, very grueling job. As a 38 yr old with kids, what is the appeal? I'd try to find something that gives you a better work-life balance, and also a job with more dignity.

Even younger sometimes

I've seen people become Associate after less than a year and a half at Analyst level, age ~23

That's a good point...pretty

That's a good point...pretty much for a level as low as Associate, you don't have the ability to manage anything beyond the world of Ibanking.

Expect to lose the kids and wife with the hours you'll be forced to work. It's no joke.

That's a good point...pretty

That's a good point...pretty much for a level as low as Associate, you don't have the ability to manage anything beyond the world of Ibanking.

Expect to lose the kids and wife with the hours you'll be forced to work. It's no joke.

Europe

Europeans tend to be older. On my grad class there were guys between 21 and 31. On average, Brits were usually circa 23, while Europeans were 3-4 years older. Just a product of the many years they spend studying. >30 might raise some eyebrows, but if you're keen...

38 with kids

do you want to know your kids?

Kids or Money ( very hardly earned)

Stay with the kids! The money is good but you wont see anything worth the sacrifice until you are at least a VP and even then you will miss the kids growing up and be bossed around by younger Managing Directors. But if you insist you can definetly get in as a Vp ou Md especially if you bring clients with you from consulting and if you have specific market knowledge.

Goodluck!!

yes

yes

What??

A partner from a law firm wanted to become an associate at an i-bank?

Just wondering if this guy ever had any clients or even client skills.

What??

A partner from a law firm wanted to become an associate at an i-bank?

Just wondering if this guy ever had any clients or even client skills.

What??

A partner from a law firm wanted to become an associate at an i-bank?

Just wondering if this guy ever had any clients or even client skills.

What??

A partner from a law firm wanted to become an associate at an i-bank?

Just wondering if this guy ever had any clients or even client skills.

one more time please. Just

one more time please.

Just kidding.

law associate 34

Why not go in-house at an i-bank?

why not consider a smaller

why not consider a smaller bank, they work less hrs most likely,

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Total votes: 81