BSc KTH Student IB Nordics/EU

Breaking into investment banking (IB) from a non-target background like KTH's BSc program is challenging but not impossible. Based on the most helpful WSO content, here are some actionable insights:

1. Leverage Your Unique Background

• Your Computer Engineering and Economics combination is a strong technical and analytical foundation, which can be appealing to IB recruiters, especially for roles requiring quantitative skills.
• Highlight your venture development internship experience, as it demonstrates exposure to finance and entrepreneurship, which can be valuable in IB.

2. Networking is Key

• Networking is critical, especially since KTH is not a traditional feeder school for IB. Focus on building relationships with alumni or professionals in the industry.
• Reach out to bankers with similar non-traditional backgrounds or those who have broken into IB from non-target schools. They are more likely to empathize and offer guidance.
• Attend events, coffee chats, and leverage LinkedIn to connect with professionals at GS, JPM, and MS in the Nordics/EU.

3. Spring Weeks and Internships

• Spring weeks are a great way to get your foot in the door, especially at top firms. Research application deadlines and tailor your applications to highlight your unique skills and experiences.
• If you don’t secure a spring week, aim for internships at boutique or regional banks, as they can serve as stepping stones to larger firms.

4. Addressing Prejudice Concerns

• While biases may exist, focus on what you can control: your skills, networking, and preparation. A strong network and excellent performance in interviews can help overcome potential biases.
• Consider targeting firms or regions where diversity is valued and actively promoted.

5. Technical and Behavioral Preparation

• Ensure you are well-prepared for technical and behavioral interviews. Learn financial modeling, valuation techniques, and market trends.
• Practice common IB interview questions and refine your story to explain why you want to transition into IB and how your background adds value.

6. Target Regional Boutiques

• If breaking into GS, JPM, or MS directly proves difficult, consider starting at a boutique or middle-market bank in the Nordics or EU. These firms often have less rigid recruiting pipelines and can provide valuable experience.

7. Consider a Master’s Program

• If you face challenges breaking in after your BSc, pursuing a Master’s in Finance or a related field at a target school in Europe (e.g., LSE, HEC Paris, or SSE) can significantly improve your chances.

By focusing on networking, gaining relevant experience, and preparing thoroughly for interviews, you can increase your chances of breaking into IB, even from a non-target background. Good luck!

Sources: https://www.wallstreetoasis.com/forum/investment-banking/investment-banking-in-the-uk-an-overview?customgpt=1, Breaking Into Banking: Your Timetable is Everything, https://www.wallstreetoasis.com/forum/investment-banking/do-i-stand-a-chance-in-investment-banking?customgpt=1, Failed to "Break In" at my MBA Program - Next Steps?, Two Internships Later: What I wish I Knew While Recruiting! (Toronto)