Exit opportunities of doing IB post MBA without prior IB expierence
What type of exit opportunities do you see these people getting after spending 2 - 3 years in IB? I keep hearing conflicting details. Some say PE, some say only Business development, some say corporate finance. Also, people say these people become CFOs easily. Is that true? The expierence you get doing banking doesn't seem directly related to what CFOs do.
I'm re-posting what I had previously written on another thread:
I keep in touch loosely with 21 people from my associate class at MS. 10 were promoted to VP. 6 voluntarily quit (when they were A1 or A2). 5 were asked to leave/fired before making VP (to the outside world, they voluntarily quit).
Fast forward to today, 18 of the original 21 have exited banking (the remaining 3 are all MDs):
Corporate (M&A, biz dev, biz ops, FP&A): 10 PE (investing role): 2 PE (non-investing role): 1 HF/MF: 2 VC: 1 Started own biz: 2
I know quite a few people who eventually went on to become senior-level finance people or CFOs, including some of the people above. Hope that helps!
This is great info. Thank you for sharing. For those of us not fortune enough to get into a good BB after mba (esp MM banks) I imagine the results would be even more different. Likely way more people staying in banking (some not by choice) and even fewer PE/HF exits.
That begs the question.. is post mba banking at a non BB/EB worth it for exit oops? Esp vs non MBB consulting (T2/B4).
Interesting that people go into fp&a... also what is biz ops?
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