Hi everyone,
I’m (24m) currently a software engineer at a large bank. There is a big emphasis on internal mobility at this bank.
How difficult would it be to transition from software engineering to IB through internal mobility here? I have a BS in Computer Science from a non-target school. I have strong work experience relevant to software engineering. I’ve also been taking the WSO IB Interview course to get exposure to the material.
I am able to directly email/message recruiters, hiring managers, and bankers that are adjacent to IB openings posted on the internal job portal. Is it doable to make the transition to a IB analyst without an MBA?
Thank you for reading.
Transitioning from software engineering to investment banking (IB) is challenging but not impossible, especially with the internal mobility emphasis at your current bank. Based on the most helpful WSO content, here are some actionable steps and insights:
Leverage Internal Mobility: Since your bank promotes internal mobility, use this to your advantage. Reach out to recruiters, hiring managers, and bankers in IB roles. Highlight your technical skills and how they can add value to IB, especially in tech-heavy sectors like TMT (Technology, Media, and Telecom).
Network Strategically: Networking is critical. Build relationships with people in the IB division. Request informational interviews to understand their work and express your interest in transitioning. This will help you stand out when roles open up.
Demonstrate Your Interest in IB: Given your non-traditional background, you’ll need to prove your commitment. Continue taking the WSO IB Interview course and master technical concepts. Be prepared to discuss M&A deals, valuation methods, and financial modeling during interviews.
Highlight Transferable Skills: Emphasize skills like problem-solving, analytical thinking, and attention to detail from your software engineering experience. If you’ve worked on projects related to finance or banking, showcase those as well.
Consider Starting at a Boutique or MM Firm: If transitioning directly to IB at your current bank proves difficult, consider applying to boutique or middle-market (MM) firms. These firms are often more open to candidates with non-traditional backgrounds.
Be Persistent: Breaking into IB without an MBA is tough, but not unheard of. Many have done it by outworking and out-networking others. Stay consistent in your efforts.
For inspiration, check out this WSO thread: https://www.wallstreetoasis.com/forum/investment-banking/non-target-to-…</a">Non-Target to MM IB: My Advice. It shares a story of someone who transitioned into IB through relentless networking and determination.
Good luck!
Sources: Reconsidering banking after receiving offer... help?, Checking in 6 years later [IB to MBB transition], IB VS. COMP SCI, Q&A: From State School to MM IB Vice President Without an MBA, Software Engineering Vs Investment Banking
I don't know the actual answer to your question, but assuming you're just trying to make as much money as possible, why not just try to lateral to a company that pays more or Product? Feel like that has a lot higher chances of going well. Probably low chances of transferring without a MBA tbh, for hiring, we either do Summer Analyst -> FT converts, new FT converts that didn't summer with us, or laterals. You don't qualify for the first 2 since you've already graduated, and if you're trying to lateral, I think that'll be really hard bc you'll be competing against other bankers.
Lol!! I really don’t understand the fucking obsession with IB. Look at this photo and tell me who was here while others were attending circlejerks Davos. There’s an obscene amount of wealth and innovation being built in Tech
Yeah but the people in Davos were founders and the 0.1% of the 0.1%. Having a standard career in tech is just looking at a screen and keeping to myself. There's barely any social interaction, and there is virtually no camaraderie. The people are mainly extreme introverts. Which is fine, just that they aren't my people. We bang out tickets and then get more work. There's no interacting with clients. I want a career where I can leverage my social skills and pursue a goal with.
Like when I get home from work at 5, I'll go to the gym or go on my phone, but it is pretty boring. I'd be fine working that time for something worth while.
So ummm, ya know this thing called GTM exists? You could always switch into GTM Product, Sales Engineer, or traditional GTM ( Enterprise Sales team). Your life though man. Would not go into IB.
Why do you say not to go to ib? Just curious? Is it mainly the hours?
Know someone who went from SWE at a big bank (BB) --> product manager internally --> corporate strategy at a company like Mastercard / Visa. Took 3-4 years and from what it sounds like, she's clearing somewhere around ~200-250K all-in. Didn't pursue an MBA but I'm sure it was a thought she had. If you're trying to maximize comp, maybe consider this?
Otherwise I imagine if you network, you might get a few bites internally. But that's probably unlikely, an MBA would be needed. Just don't expect preferential treatment at your current bank for a potential IB associate job unless you have some serious connections.
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