Corporate Strategy Intern -> FT IBD?

Hi,

I read a lot of threads about people wanting to move from IB to corp strat, however, my situation is somewhat the opposite.

I am a rising senior interning in corp strat at a F500, wanting to break into IBD FT. Is corp strat considered to be "competitive" experience when recruiting for IBD? Unfortunately, corp dev (internal M&A) is a separate department at my company so my experience is much more related to consulting than banking.

A bit of background on myself, if it matters:
- attending a top target school
- Ok grades (3.5 to 3.7GPA)

Any insight would be great! Thanks, guys.

 

Yes, you should be competitive for getting interviews, assuming all else checks out. You just spin it that you realized IB was for you after trying strategy. Strategy groups hire equivalent talent to IB so you should be fine. Do everything you can to bump up your finance profile on your resume so it doesn't look like you are randomly applying.

 

What kind of technical skills? I feel like corporate strategy really engages a lot of "technical" skills like modeling and critical thinking (analysis). All my intern did was build models and research markets this summer, she'll be ready for any corporate finance position when she graduates.

It will be difficult to apply to banks who've accepted a lot of their summer interns for FT (you'll have to scope that out). Best thing to do is just network well and display your acquired knowledge from your CS internship.

 

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