If you don't break in out of undergrad, what are your options?
Given the increasingly dire outlook of IB hiring, it makes me worry about the possibility of not landing an IB role directly out of undergrad. For an otherwise qualified candidate (target school, 3.5+ GPA, strong interviewer), what would your options be?
I would think the next logical step would be an Mfin. But what if you still did not place from there? Does anyone think a more quantitative track (MFE, Financial Mathematics, Applied Mathematics, etc.), given the competitive environment in finance, would be more promising and open up a wider range of roles to apply to?
If, instead of pursuing further education, you choose to pursue a related career, what options exist for Finance undergrads besides the dreaded back office? A grad without an accounting degree might not qualify for TAS. PE/HF typically recruit the most impressive candidates from the premier schools. So I'm guessing that leaves consulting, corp finance, and boutique banking with the goal of acceptance to an M7 MBA and then an associate IB role? What other career paths am I missing here?
Trying to formulate a solid Plan B if you can't tell, thanks all...
First off, always go front office for anything. Having experience supporting rainmakers/revenue generators and learning how to make their lives easier is an essential skill-set that gets constantly gets overlooked and undervalued by introvert excel addicts (i.e. people who have terrible social/communication skills and don't realize IBD is sales and client focused) and brand junkies (i.e. people who think BB BO is a better path than boutique/MM FO).
One other route you forgot is commercial/corporate banking
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