11/12/12

Hey folks,

I was wondering, is there any "age restriction" when applying for a position in IBD or any other corporate finance job at a BB or big 4?

I've read somewhere that Banks would rather recruit freshly minted undergrads for an analyst position rather than someone who, let say had 10 yrs experience in AM or retail finance.

Let say I finished my MBA at 28-29 and never had any solid relevant work experience in corporate finance or in the IBD. Would employers, preferably BB, still be interested in hiring me for an associate position (or even analyst)?

Comments (9)

11/12/12

Yes, you can start in IBD after finishing a MBA at 28-29. The bigger issue is that you need to come from a top MBA program to do so, which may not be achievable if you've been working in retail banking.

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11/12/12

I would also be interested in knowing about this. My potential path would look similar. Over 700 GMAT but in back office right now.

11/12/12

No not too old. But might need better attention to detail to be in capital markers.

11/12/12

For an analyst position you have it correct. However, at 28/29 years old you more than likely wouldn't be competing for an analyst position unless you did 5 years in the military before starting undergrad or something.

MM IB -> Corporate Development

In reply to SECfinance
11/12/12
SECfinance:

For an analyst position you have it correct. However, at 28/29 years old you more than likely wouldn't be competing for an analyst position unless you did 5 years in the military before starting undergrad or something.

But would a bank hire someone out of MBA without any prior IBD experience for an associate position? This is what baffles me....

In reply to Peeather
11/12/12
Peeather:
SECfinance:

For an analyst position you have it correct. However, at 28/29 years old you more than likely wouldn't be competing for an analyst position unless you did 5 years in the military before starting undergrad or something.

But would a bank hire someone out of MBA without any prior IBD experience for an associate position? This is what baffles me....

VERY generally speaking MBA associates (i.e. not A->As) don't have IBD experience. People with experience at the analyst level generally don't stay in IBD.

MM IB -> Corporate Development

In reply to SECfinance
11/12/12
SECfinance:
Peeather:
SECfinance:

For an analyst position you have it correct. However, at 28/29 years old you more than likely wouldn't be competing for an analyst position unless you did 5 years in the military before starting undergrad or something.

But would a bank hire someone out of MBA without any prior IBD experience for an associate position? This is what baffles me....

VERY generally speaking MBA associates (i.e. not A->As) don't have IBD experience. People with experience at the analyst level generally don't stay in IBD.

Ohh yeah I see..I guess they venture into PE, VC, buyside, etc?

In reply to Peeather
11/12/12
Peeather:
SECfinance:
Peeather:
SECfinance:

For an analyst position you have it correct. However, at 28/29 years old you more than likely wouldn't be competing for an analyst position unless you did 5 years in the military before starting undergrad or something.

But would a bank hire someone out of MBA without any prior IBD experience for an associate position? This is what baffles me....

VERY generally speaking MBA associates (i.e. not A->As) don't have IBD experience. People with experience at the analyst level generally don't stay in IBD.

Ohh yeah I see..I guess they venture into PE, VC, buyside, etc?

Anything but IBD pretty much...

MM IB -> Corporate Development

In reply to Peeather
11/13/12

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