Career Change into IB

Hello IB gods and goddesses,

I come to you bearing gifts in search of that succulent fruit, knowledge. I'm a late 20's career changer from medicine intensely interested in IB. As my formal education and background is in biology/psychology/healthcare I know I have a lot to learn before seeking my first job in the industry. My questions to you:

  1. What resources (books, websites, courses, etc.) would you recommend for someone in my position to get a solid foundational knowledge?

  2. Is there a formal progression, in terms of education or position, you would recommend to get into the industry?

Please be constructive, though I can appreciate some of you will enjoy putting me on blast. Consider that I know what I'm getting into. Hoping to find some useful nuggets of gold in your responses among the turds. Would appreciate insight from individuals currently holding jobs in IB, as well as those who exited IB for opportunities in PE, VC, HF (please explain what led you personally to switch).

1 Comments
 

Quos temporibus quisquam sequi est qui. Ipsa autem magnam porro et. Fugiat omnis illo quos distinctio. Deleniti voluptates eaque consequuntur quo.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”