From Non-Target MBA to IB Summer Associate Intern

Just wanted to share my story from going to a Non-Target MBA (Rank 40ish) to getting an IB Summer Internship at a respectable IB firm. (Pays street and has a strong LevFin and huge Balance Sheet). Most of the WSO covered Non-Target at the UNDERGRAD LEVEL but never at the GRADUATE (MBA) level, so here's my post.

Coming from a non-target school, the journey was quite difficult and I had to network constantly. I started networking in May, reaching out to alumni, and joining the bank's event webinars to get connected with people in the firm. Afterward, I would reach out to them and request a quick zoom or phone call. So by the time I applied online in late September I had a few employee referrals under my belt. I made sure to have my technicals on point (using the 400 IB question guide), and I have friends in other MBA schools (Top 20) so I was able to network with them as well.

I got a phone call for round one in early November; it was pretty basic (mix of easy technical questions and behavioral) and nailed it out of the park. A week later I got a superday invite in mid-December. I made sure to have my TMAY, Why IB and Why "Bank X" polished. I had 2 back to back interviews but it was conversational with some technicals. I had a feeling that I nailed it, but the other people who were also interviewing go to NYU Stern, Booth, Tepper, Hass, etc so I felt intimated that they go to better schools and that they'll get picked over me. Fortunately, I got a phone call two hours offering me a position at this bank and I accepted it in a heartbeat. I'm so thrilled and excited to break into IB as it's been a dream of mine since my MBA journey.

If anyone wants to ask me questions, please feel free to do so! 

 

Congrats on everything! I was curious as to how you approached studying for the technicals? I know you mentioned the 400 but was there a technique you used? How long did it take you to get solid with them?

 

So I have a finance background (worked in asset management prior to an MBA), so I was comfortable with the valuation and equity/enterprise aspect of the guide. I spent the most time with accounting and M&A/LBO questions. It took me about a solid month to be fluent in answering the technicals concisely and clearly, and I went through the guide multiple times. But to understand the material took me about a week. 

 

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