How can I get back into Investment Banking?
Hi All,
Really looking for advice here. For my background, I attended a non target (class of 2023), and during my time in undergrad, I had 7 different internships (business development, FP&A, PE search fund, and 4 investment banking, at various boutiques). Economy was pretty bad once I came out of undergrad and none of my internships wanted to extend a full time offer due to uncertainties and many investment banks were undergoing RIF’s, so I never got a full time offer afterwards (basically got bent over and fucked). I joined an extremely small real estate investment bank right after but it was a terrible gig since the comp was EXTREMELY below street (lived paycheck to paycheck), and the firm never closed a deal in their existence despite telling me they close 3-5 a year during my interview process (their website lied about the deals they’ve closed). It was a shitshow and I had to get out, so I switched to wealth management consulting. But my role is basically a glorified data entry gig. I’m taking some time to study for my CFA just because my firm offers that for free, and so I don’t lose my mind doing mind-numbing data entry work. Don’t want to feel like everything I had to grind for was for nothing. Does anybody have any advice for getting back into IB? I know the MBA to associate route could be an option, but I was wondering if I could possibly go back without an MBA considering the background I had, but definitely open to it. Thanks!
Based on the most helpful WSO content, here are some detailed steps and advice to help you get back into Investment Banking (IB):
1. Leverage Your Network
2. Enhance Your Skill Set
3. Tailor Your Resume and Cover Letter
4. Consider Different Entry Points
5. Prepare for Interviews
6. Stay Informed and Updated
7. Consider the MBA Route
Additional Tips:
By following these steps and utilizing the resources available on WSO, you can improve your chances of getting back into investment banking. Good luck!
Sources: graduated may 2019 and recently laid off first job, Is it possible to come back after being laid off?, How to get a back office job?, Messed up my past internship - How to pass background check, Q&A: I’m back. CUNY to Banking
7 internships? Did it take you 8 years to graduate?
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