Alternative Routes to BB Ibanking
There is a great amount of focus on this forum on securing an analyst job at a BB in NYC. If you do not get this job, what are alternative routes to BB Ibanking? For example, do many people work at an MM bank as an analyst, complete an MBA at a top school, and then join a BB as an associate? I am just wondering what common alternative ways people get onto the street if they fail to become analysts right after undergrad. Thanks.
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You can go work for a F500
You can go work for a F500 CorpFin group then get your MBA, or go work for Big-4 and get your MBA, or you can try to get a headhunter to find you a job. Those are three that I can think of off the top of my head
just dont do finance, switch
just dont do finance, switch career
if you're going to get an
if you're going to get an MBA anyway, you can basically do anything you want pre-MBA.
if you're an analyst at a MM bank, you can lateral after 2 years to a BB bank.
The best shot would porbably
The best shot would porbably be MM or boutique. Be careful with Big4 as those candidates have a hard time differentiating themselves when applying to top MBAs.
If you lateral after 2 years
If you lateral after 2 years as an analyst at an MM Bank, does that mean you would move to a 3rd year analyst position at a BB, or would you start as a 1st year analyst at a BB?
I'm pretty sure you just go
I'm pretty sure you just go from where you left off, with the possibility of being knocked back a year. I had a friend transfer from an MM to a BB halfway through his first year and they pretended as though he had been there the whole year. In fact, he even got a full bonus (20k less than top bucket).
This is a question I wanted
This is a question I wanted to ask as well. Obviously I'm going to fight for a SA spot next summer and a FT spot after that, but what are the other alternatives?
MM -> MBA
Big4 -> MBA
Fort. 500 ->MBA
Those are the alternatives that I've seen most often on the board. I would like to go MM if I can't get BB, but just in case...
...Are there any fortune 500 jobs that are seen as more prestigious/appropriate than others? My uncle works at Microsoft, and he told me that Microsoft Finance is little more than a glorified accounting department, something I don't think I'd be very interested in.
Basically, what are the most attractive non-IB, non-PE, non-HF entry-level finance jobs?
management trainee program
management trainee program at a bank such as Citi, end of the program you have option of going into the IB division.
Mckinsey finance practice.
Mckinsey finance practice.
How hard is it to get into
How hard is it to get into the M/B/B finance programs? Also, does anyone know the hours/pay?
I feel like a tool for not just searching ibo, but a search for m/b/b finance hasn't really returned much.