Career Progression in BBs
I am about to intern in the IB division of a BB bank in HK. I was wondering as to what all factors determine one's career progression, particularly in the IB division. As in, what should one be good at, to keep moving up the ladder really fast? The few things that I identified are impeccable professional behaviour, excellent communication, good hold over corporate finance etc.. Are there any more and among even these, which ones are more crucial than others. I am referring particularly someone who joins as an associate after B-school
But I donno why no one has replied yet.. In my school particularly, this debate is on, about career progression, exit options etc of IBD vs. Consulting.. So lemme ask you folks again, how can one move up the ladder nice and quick in IBD?
generally cant move up nice and "quick" in IB - most banks have structured programs where you have to work x number of years to get to the next position.
The quickest that I have seem someone move from analyst to MD is 10 years (straight out of undergrad, same company, no MBA).
that sounds right.......I've seen alot of MDs in their early 30s.
That's the goal then...VP by 30 would be nice. Start work at 23 (assuming I get a graduate position after this summer), so it's doable, eh? Gonna be hard work, but it'll be fun!
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