Can I break into IB at 27?
My first post!!
As the title suggests, I am worried that my age is turning to disadvantage (background too). I did a CS bachelor's, worked as SDE for a couple of years, and then went on to do masters at a French target HEC/ESSEC/ESCP. It's a 3-year program (really long!!!) over which I worked part time at a manufacturing company doing FP&A and an internship at a MM in Sustainable Debt Advisory. I really want to get into IBD - M&A/LevFin/ECM, and have been grinding technicals & networking for a long time.
The thing is, I am not a French speaker & this limits my opportunities in France (as an expat, other EU countries are not an option due to VISA restrictions). Middle East can be a best option but the competition is just insane. I sent over 800 cold emails and finally managed to get an interview with an EU/UK BB. Got done with the recruitment process and honestly it went really well.
I somehow feel I might not be able to convert this (given no M&A experience) despite giving my best. What worries me is that I don't have enough time left for starting an off-cycle internship as I graduated recently.
My questions are:
1) Can I do an off-cycle after graduation? If yes, how soon before it gets too late?
2) Do I even have a chance (like 5%) to break into a decent IBD internship in the Middle East, given my odd experiences in FP&A and SDE?
3) Are firms open to recruit a 27-year-old as an intern?
Many thanks in Advance :)
Breaking into IB at 27 is absolutely possible, and your background, while unconventional, can be positioned as a strength. Here's what you need to know:
1) Off-Cycle Internships After Graduation
Yes, you can pursue off-cycle internships after graduation. Based on the most helpful WSO content, off-cycle internships are often more accommodating for graduates and can lead directly to full-time roles if you perform well. However, these opportunities are limited and competitive, so you need to act quickly. Focus on regions or firms that are known to offer such roles, like London or Middle Eastern offices, and ensure your technical skills are sharp, as off-cycle interviews often skew towards candidates with prior experience.
2) Chances of Securing a Middle East IBD Internship
You absolutely have a chance, especially since you've already secured an interview with an EU/UK BB, which is a strong signal of your potential. While your FP&A and SDE experience may not be traditional, your internship in Sustainable Debt Advisory at an MM is relevant and can be leveraged. Highlight your transferable skills, such as financial modeling, valuation, and problem-solving, and craft a compelling narrative about your transition into IB. Networking remains critical, so continue building relationships in the Middle East, as firms in the region value strong personal connections.
3) Age and Internships
Age is not a dealbreaker. Based on previous WSO threads, many individuals have successfully transitioned into IB in their late 20s or even early 30s. Firms are more focused on your skills, experience, and ability to handle the workload. Your master's degree from a French target school and your diverse background can set you apart if positioned correctly. Be prepared to address your age positively, emphasizing maturity, work ethic, and the unique perspective you bring.
Additional Tips:
- If you don't convert the EU/UK BB opportunity, consider applying to finance-related master's programs at target schools to gain another shot at recruiting.
- Perfect your CV and ensure it highlights your IB-relevant skills and experiences.
- Nail your "story" – why IB, why now, and how your background adds value.
Keep grinding, and don't let age or unconventional experiences deter you. Many have walked this path successfully!
Sources: https://www.wallstreetoasis.com/forum/job-search/ibd-sa-after-graduation?customgpt=1, Starting as IB analyst at age 27, Can I start at 30?, Investment Banking Off-Cycle Internships London-Amsterdam-Madrid Fall 2020, At what age you got into Investment Banking?
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