1/10/17

Hello. A little about myself first. I graduated from George Washington University in 2013 with a major in Psychology minor in Biology (Pre-med track) with a 3.9 GPA. Afterwards, I held a research position at Mass Gen Hospital under a well-known investigator and am published in a well-known peer reviewed journal. However, during my time there--long story short--I decided medical school isn't what I want to do. It was extremely tough to admit that to myself, but I know for a fact I won't be happy in 10 years in medicine. In fact, looking back, I'm not sure how I even ended up here. For the past month or so I've been looking into Investment Banking and I'm becoming more and more interested in field. I've taken a a few statistics and calc classes in college, but nothing business or finance related.

I can handle learning the material on my spare time (already started micro and macro econ), but my questions are,
1) I'm not sure how I can go about getting into the field?
2) What options do I have?

I'm extremely motivated more than willing to put in all the work; just need some advice on how I should proceed.

Thank you all.

Comments (4)

1/10/17

Hi,

You can take some online courses to help you with the skills you need for the job (finance, excel, powerpoint, financial modeling, etc.). You can find most of these on Udemy at deep discounts (there was a new year discount going, not sure if it's still on - or you can search for promo codes and apply those).

As for how to break in, the key is to network as much as you can, call people working at investment banks and set up informational meetings. Ask about their typical day, culture, work-life balance (if it exists), and anything else that is important to you. This way you can make sure you like investment banking before you get a full-time job. It's not going to be easy though (but it's not rocket science either, it just needs hard work).

Have you considered consulting? Many management consulting firms hire people from the medical sector since they have the required knowledge and skills to help out hospitals and companies operating in this sector.

If going to school again is an option, consider doing an MBA or, if this isn't an option, a specialized masters in finance (you can take the prerequisite courses before you start grad school). This will help you a lot, especially if you go to a target school since most banks and consulting firms hire from there.

Financial Modeling

1/10/17

Hi flybanker.

Thank you for your response. I am open to going to school again and strongly considered an MBA, but what about the prior experience requirement? How would my application be any bit competitive? I've researched that if you're not going to a top 15-20 B-School, it's a usually a waste of time and money (both that I can't really expend at the moment; moreso time).

thank you,

1/10/17

Yes, it's easier to go to a "target school", but other schools might also provide you with improved chances. To make sure you're making the right decision, reach out to alumni of the school you're planning on attending and ask them about their experience after graduation (how easy was it to find a job, how helpful was the career center, did anyone from the alumni network help them out? etc.).

During undergrad I studied business administration with a concentration in marketing, but, when I graduated and started working at a below the line advertising company, I didn't like it. So, after one month at the job, I was let go and had to look for something else. I joined a local brokerage firm as an intern (was supposed to be a 2 month unpaid internship) and impressed my supervisor so they offered me a full-time position. After 2 years at the brokerage firm, I got a chance to apply to a boutique investment bank and got an offer there. I stayed for 2.5 years at the boutique and quit a couple months ago to come to the US. Now I am networking and trying to get an analyst position at an investment bank here. For me, school is not an option at the moment (for financial reasons), so the only option I have is networking.

Hope this helps.

1/11/17
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