Internal corporate finance after MBA

Hey guys,

The short version of my question is as follows: is it possible to go into internal corporate finance at a F500 company after an MBA, with no prior experience in corporate finance (background in sales, marketing, or something else)? If so, what kind of starting position is typical? I'm asking because it doesn't really make sense to me that a company would hire an mba with no prior experience instead of just promoting a junior financial analyst from within.

More details: I worked in trading at a BB for one year, but I had to leave due to health problems with a family member. After that I did some other stuff, mostly volunteer work oerseas, so I haven't held a job for 3 years. My degree is in science. So I don't think I could get a position in corporate finance now because of my giant resume gap, and my lack of a business degree. Plus trading doesn't translate very well to internal corporate finance. I'm trying to decide between attending the MSF programs at WUSTL or Vandy versus a program in another discipline which would set me up to enter marketing. I'm inclined to go to the marketing program, partly because they are offering me a full ride plus stipend, whereas the MSF programs would be 50K-ish. Placement (salaries) out of the marketing program is equivalent or better than the MSF programs. My concern is that I end up hating marketing and wanting to switch to corporate finance. The only way to do this at that point would be to do an MBA and enter corporate finance as a post-MBA associate...but I need to know whether this is even doable. Thanks for any advice.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
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...”