Getting into IBD from corporate strategy?

I'm currently a senior who worked in corporate strategy for my junior internship. I did not receive a return offer due to market conditions and am now looking for full time jobs.

I have been considering looking for Investment Banking analyst jobs and was wondering if this switch is possible? My thought process was to network with boutiques and middle market groups.

Any advice, and is this a field that could be similar?

4 Comments
 
Most Helpful

The most natural transition would probably be consulting - tier 1 or 2 firms in that space could be possible depending on the quality of the brand name of your internship. What were your exact tasks during the experience? If going for IB, it is possible - but again you will need to network hard and have the following nailed down to a T. Remember you are now not only competing against other IB prospects who have been preparing for this since birth, but many of these prospects are either A: Returning to their bank, B: trying to trade their offer to another firm, or C: Didn’t get a return but still has IB experience which on the face makes them more valuable than you:

  • You should target banking groups that are in the same industry as your strategy internship. This isn’t really relevant to the junior banking experience, but there is a small amount of strategic experience that is valuable - you can potentially communicate the value proposition and investment highlights of a business, you should understand how a particular business model operates in and out - essentially you could position yourself as a candidate with extreme industry knowledge, which shows true interest and can make you look more informed than the excel monkey who just knows how to model really well.

  • You need to nail the technicals, and the advanced technicals to demonstrate competency. All candidates have technical questions but you should expect to be grilled to a much higher degree around the topics of accounting, valuation and general corporate finance. These firms cannot evaluate what you know and won’t waste extra resources training you to get up to speed with the rest of the class. You need to impress here vs. “checking the box”

  • You have to be very aggro with networking. Your resume will get lost in a sea of candidates with IB and PE experience, all coming with the same email template and ask template. You should be more aggro than the average candidate to demonstrate you know exactly what you’re getting yourself into and what you want. These calls need to be your platform to show that A) you know your shit and B) are hungry for the opportunity, which are good traits.

That’s all I can think of in terms of cookie cutter advice without any more information. It’s an uphill battle but depending your ability to execute + quality of internship experience (like corporate strategy at Salesforce or something is a fantastic brand that will immediately set you up for success, but if it’s some random Midwestern auto shop software firm, probably not so much), but should be able to get some kind of good offer.

 

Great insights, thank you for the recruiting advice!

I had a lot of miscellaneous tasks during my time during my internship so I'll have to try and think of responsibilities that can translate well into an IBD position, or possibly into consulting. Perhaps I'll do some thorough reading on specific industries to build more in depth expertise, that could probably help me stand out when I'm interviewing.

Are there sites out there where I can find models or courses on modeling tests or would these be unnecessary for a FT interview?

 

Sunt a ratione animi est sint minima. Eum sequi veritatis sint iusto. Ut at accusamus non dolores illum deserunt aliquid. Voluptatum omnis voluptatem aut saepe praesentium explicabo. Magnam fuga animi corrupti quo illum accusantium quos. Provident earum veniam magni aliquam.

Ut repellendus facilis corrupti qui iure. Ipsam ea nihil impedit at at reprehenderit ut est. Veniam sed non fugiat beatae et dolorum. Et adipisci rerum corrupti voluptatem tempore ab soluta odit.

Eos neque est temporibus iste nesciunt delectus harum voluptate. Adipisci neque exercitationem natus expedita fuga facilis. Porro laudantium et fugiat adipisci laudantium qui ab. Cupiditate commodi qui numquam dolorem deserunt excepturi.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
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...”