I understand that most people that get into this industry start off as an analyst for 2 years, go get an MBA and then come back as an associate. Where are people placed if they move into the industry for their first time after an MBA?
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Do people ever start off as a Analyst after to get some of that experience? Or do they just expect you to already have a good grasp b/c of the MBA
Only small boutiques might. BBs won't look at you as an analyst and pool you into the associate/senior associate set of applicants.
The skill set required of an associate is slightly different than that of an analyst. A bit more client facing, more exposure to senior members of the deal team. The soft skills that you're supposed to learn in b-school really kicks in here.
As for the number-crunching, a second pair of eyes (even when less experienced than the analyst) is always good for checking work.
Nobody who stays in banking will ever get an MBA after only 2 years. That's ridiculous.
This is incorrect. If you stay in banking from starting as an Analyst, you do not typically go back to get your MBA just to go back to banking. Analyst to direct promote associate, go elsewhere OR out of MBA unrelated to Associate.
This is incorrect. If you stay in banking from starting as an Analyst, you do not typically go back to get your MBA just to go back to banking. Analyst to direct promote associate, go elsewhere OR out of MBA unrelated to Associate
That is kind of off, was told during my classes that this was what many people do after an analyst position. So if people do not go get there MBA after 2 years then what? Do many not go and get their MBA?
MBA is a chance to switch into a different industry but also move you up the corporate ladder no
It isn't kind of off... yeahright is correct. Going to get an MBA after working for 2 years as an analyst is an absolute fail of a career move. Does it happen? Sure, I know some people who have done it but you are 2 years behind where you could have been, and you aren't any "better prepared" for becoming a senior banker than you were before. If you want a long term career in banking and you start out as an analyst, you should just gear up for the long haul and know that you are going to go Analyst thru MD. Switching firms will help break up the monotony and perhaps skip a year along the way, but going to get an MBA is not only unnecessary, but impractical as well.
What about if you are working in a different field and would like to get into I-Banking? I just graduated and will start working for Fidelity in 2 weeks. Any ideas on best way to get into IB? I am not saying I want to 100% but would like to know the route people do when they do not start in IB
Thank you all for the feedback so far
You will need to aggressively network and potentially get an MBA.
Thanks man for the advice and help. Will start doing
What pre-work is the most attractive to the IB community? IE: accounting job for a couple of years?
I plan to move around at my job as much as possible to get a wide range of experience in the financial service industry till I get my MBA.
hey Jose, would check out out FAQs at the top of the page. Also, feel free to run as many searches as you like on here. There are thousands upon thousands of conversations discussing career paths and alternatives.
Best of Luck! Patrick
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