Not sure what to do to succeed...

Hi,

I don't know what I should do and decided to ask for your guys' opinion after going through this site quite a lot. I'd like to break into IB as an analyst in a BB or an elite boutique.
I've just graduated from an Oxbridge university with a master's in management, and had previously done my undergrad in one of the best social sciences universities on the European continent, with a degree in economics. Thing is I have no work experience in finance (nor consulting). I'm about to start an off-cycle in an elite boutique in Asset Management on the sales side (Marketing/ Business dev) in Paris. However, I'd really like to be either in NYC, SF or London for IB.

Should I apply for FT analyst positions in spite of not having any relevant SA experience? Can I apply for a SA gig, in spite of having graduated? Could I bullshit my way into saying I want to do another one-year master's in 15-16 after SA. How likely is it that BB's in the US/ UK would consider someone in my situation's application for summer analyst, and what would my chances be for a straight FT analyst position?

Thanks for your help guys!

 
Best Response

Let me tell you two things 1. Your chances are 0.000000001% to get into FT straight. Unless someone gets fired and they urgently need a replacement and you happen to be on their website that moment when the job pops up and happen to have built every single model out there, learn every interview question and spoken to a million bankers - it won't happen. Not in BB/ elite boutiques. Ask yourself this: there are 1000s of fresh applicants from all over Europe who did 3-4 internships each, why hire you? 2. Cold call yourself into something. Now is the perfect time. Start with cold email - over time you will get bored and will want to speed things up. Then you will start calling banks and it just becomes a number game. Did this in the UK.

Good luck and don't give up

 

Quia vitae expedita vitae quam. Quia illo quis ut et. Veniam tempora error sunt blanditiis eveniet debitis numquam error. Quidem ea ducimus dicta reiciendis et iure eum.

Nisi quisquam nobis assumenda non minus. Ut est saepe quibusdam totam autem magnam quaerat. Corrupti iure est vero eius nobis laboriosam.

Non adipisci dicta dignissimos reiciendis ipsum. Impedit ducimus explicabo quo voluptatem totam. Occaecati molestiae quia repudiandae repudiandae dolorem qui dolorum. Doloremque suscipit pariatur corporis nulla. Ea praesentium odit rerum fugiat quis in dolores debitis. Praesentium eveniet quia quis autem praesentium dolor omnis. Voluptatem aut fugit voluptas accusamus et atque.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”