Getting into the IBD from Asset Management at a BB
I'm thinking of moving over to the investment bank next summer. One problem is my duties have been a lot of intern work (copying, filing, creation), but I have done a good amount of excel work (not modeling, comps, banker work etc...)and really learned the ins and outs of what FoFs are and what we are responsible for doing.
With that said I have built some good contacts at this BB within my group. However, I am unsure of whether or not these people know others in the IBD well enough so that they can refer me for interviews/meeting etc... I can get great recommendations and have built solid relationships, but I'm unsure of how well that will serve me if these contacts of mine don't know the actual IBD people.
With that in mind, I have good credentials with the one glaring problem on my resume being I don't go to a target school. I'm not at some Central Idaho Valley U or something, we are a decent school sitting just outside the top 50 nationally.
I'm confident though that with my current AM internship at this BB, combined with my solid gpa (3.7-3.8) and knowledge of what the industry is about (what M&A and different groups do, what specifically I want to do in IBD, what different industry groups exist, the work hours, the nature of using excel for models etc.. and technical knowledge being that I know the basic financial statements along with DCF, APV, WACC etc..)
I plan to obviously use my resources in an attempt to get into IBD at this particular BB, if that fails I have a contact at Bear Stearns who is willing to help and otherwise I'm planning on cold calling some good MM firms like HLHZ, Greenhill, Jeffries, etc.. and will try to set up some interviews and see what I can get.
Anyone care to evaluate my game plan.....
All comments welcome and appreciated