Switching to IB from ConsultingPE
I've never posted on WSO, however, since I am currently looking to make a switch I thought I would seek out some of your guidance. I graduated earlier this year from a fairly well known University with a Bachelor's in Business Administration, concentrations in Economics and Finance. I moved to Chicago right after graduating and have been living and working here for 5 months. I currently work as an Operations Analyst for a large consulting firm, however I am looking to make the switch into IB since it's much better suited for my skills and interests. I am often getting work done too fast here and end up sitting around with nothing to do. The work-life balance is great and the pay is also notable. It's just a little too boring for me.
I have a fairly solid resume and am looking to switch into something a little more fast paced and more interesting. I was a pre-med student for 2 years - so I have some surgical internships I did at hospitals, was part of 2 teams in college that did consulting projects for struggling local businesses, was a team member within the college's entrepreneurship program where we worked alongside VCs to raise financing for a company we were trying to launch, internship at Merrill Lynch, and my current position as an Analyst. I have some pretty basic knowledge of IB modeling since we did use a few while preparing pitchbooks in the student consulting program (I can give basic explanations of various models but nothing too technical). My technical skills are exceptional, especially in Excel and Powerpoint, and I did fairly well in school.
I am not asking for your approval, but rather, what my process should be for making a lateral move into IB given my current situation. Should I look at internships? What banks should I go for? Boutique or BB? Have any of you made this move? How long does the process take? What types of questions do I need to be able to answer flawlessly? Etc. Etc.
Don't feel like you have to reply to all my questions. I am just trying to be as prepared as possible. People I know have told me it's going to be really hard for me to move into IB. I don't care. I'm going to do it.
Hope to hear from you soon