Associate Path?
(Senior Chimp, 18
Points)
on 3/28/07 at 8:25am
I am currently in a 5 year MBA program. I am planning on working in TS at one of the Big 4 after I graduate. If I do get my CPA and possibly my CFA do you think I could enter into an I-bank as an associate? Or what would be some other paths?





is the question whether
is the question whether you'd get in or whether you'd be an associate?
Wait... a five year program
Wait... a five year program as in a BA or BBA followed by a one-year MBA? Those often aren't super-great programs. In my bank, if they want you, they simply bump you up a year in your analyst role so that you join as an N2 instead of an N1.
Mis Ind, and do they bump
Mis Ind, and do they bump anyone up 2 years in their analyst roles (given rather good experience, but no MBA)?
5 year BA/MBA? What's the
5 year BA/MBA? What's the point? Whatever.
Re: Mis Ind, and do they bump
Mis Ind, and do they bump anyone up 2 years in their analyst roles (given rather good experience, but no MBA)?
Very unlikely. I don't know any top tier banks that have done that.
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for S&t the answer is yes
for S&t the answer is yes
Classic case of someone
Classic case of someone trying to go for max education effect because they are afraid they won't cut it in the real world otherwise.
Get some street experience before you do MBA...much more valuable and attractive to BBs. They want proven people, not guys with 4 designations/degrees and no experience.
I think Herbert Walker
I think Herbert Walker (Previous GS M&A guy) did wharton 5 year MBA and started associate. Made partner in 8 years I think.
The only point of the 5 year
The only point of the 5 year MBA program is to satisfy the rules for some states to sit for the CPA exam (150 hours). In reality, you are not at a top MBA program and you are just getting a broader version of a masters in accounting degree.
Like people mentioned, it'd be very difficult to go directly to associate. While it is very possible to get your cpa, go to a top mba program, and become an associate, the fact that you will have an mba from likely a lesser known school will hurt your chances at a BB. Maybe a smaller bank in a smaller city could let you in, i'm not sure.
I'm in a similar situation. My state only requires a bachelors to sit and be licenced for the CPA so I'm lucky I don't have to mess around with getting a masters right now. I am going to work as an auditor for probably 3 years (and get my CPA) and try to get into a top MBA program after that and become an associate.
Re: I think Herbert Walker
I think Herbert Walker (Previous GS M&A guy) did wharton 5 year MBA and started associate. Made partner in 8 years I think.
You are talking about a cousin to George W. Bush here...the grand-son of the guy that founded G.H. Walker & Co (now part of ML). Not comparable at all. If you got those kind of connections, you are not playing on same level as most people.
'I think Herbert Walker
'I think Herbert Walker (Previous GS M&A guy) did wharton 5 year MBA and started associate. Made partner in 8 years I think.
'
never calibrate to outliers
wharton 5 year program
to my knowledge, wharton submatriculate mbas (ug+mba in 5 years) get associate level jobs in ibd. mind you, there are very few of these to begin with, maybe 10-20ish a year.
i think career wise, it's not the most sound decision, because part of the reason to do an mba after working for a bit is 2 years of a break , networking (who wants to network with a 21 year old senior?) and changing careers.
Maybe I should have been a
Maybe I should have been a bit more clear. Its a 3/2 program. I essentially finished undergrad in three years and then start in graduate school. I will be taking all of my concentration courses with traditional MBA students. I am going to work in TS for a Big 4 for at least two years, while there I will at least receive my CPA. Would a BB hire me as an associate after two years of experience or a third year analyst? Do you think at that time I would be able to compete with other MBA graduates who have two years of experience?
if you were hired, you'd be
if you were hired, you'd be an associate.
Wharton Sub Matriculate
In response to a poster earlier, graduates of the Wharton sub mat program (UG then straight to MBA) are hired by banks as 3rd year analysts upon graduation. It should be noted that there are very few submats in the MBA program; perhaps 2 or 3 per year.
Re: Maybe I should have been a
iumba