At what point does "any type" of IB experience become not very helpful?
I see people on here saying IB experience > anything else (if you want to move to a BB or top firm)
But is working for a small, no-name boutique really all that better than working at a more prestigious firm, but doing something not necessarily related to IB?
I'm thinking in terms or B-school opportunities, where you're more likely to get into a top school working at a more prestigious firm than doing IB work at a small firm that probably has limited deal flow.
After B-School you have a second chance to get in as an Associate
The better the bank, the better the pay, B-School chances, and exit opportunities. Simple as that.
Just remember, when breaking into IB from a top B-School (ie: Wharton, HBS), you aren't even guaranteed a job. You have to compete with the guys who came from GS -> HBS -> Associate role.
Could you shed some light on what a typical route is for exiting IBD to HF and PE. I've come to assume that after two years, a headhunter will contact you or vice versa and a career change can be made without B-school. Then while at the HF of PE firm, they make you get an MBA to move up the ranks. Do people with IB experience only get an MBA if there were no offers after 2 years?
** All of this is general case, based on people I've interacted with. As always, there are exceptions to the rule, so don't go MSing all over me about your best friend who didn't get a PE offer then went to HBS and landed a gig at KKR
You rarely, if ever see a B schooler from a FO IB position trying to enter a FO IB position post MBA. Why? It's a red flag because banks are promoting to Associate and cultivating talent from the inside. So again, a huge red flag.
Now, you'll find many B schoolers from IBs trying to make the jump from MO/BO to FO.
This is obvious, but isn't what the OP was asking, OP is asking would it be better for future opportunities in particularly B-school to take a position in IB at a no-name small boutique, or a firm with better name recognition (maybe Big 4) in a non-IB related position. So with that said I'd say the firm with better name recognition will get you better B-school opportunities.
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