How hard will it be to get an IB associate job with MSU MBA?
It seems like I've been getting a lot of mixed feedback on this. I'm an MBA student at Michigan State University (29th in business week). I have a 3.7 GPA, and a 3.9 gpa in computer science for undergrad.
Some people have told me that it's very hard to that kind of job not coming from a top-10 target school, and other people have said it's entirely possible if you know your finance well. I was just hoping to get some insight here. Thanks, Andy
Well, did you get a summer internship at a BB this year?
That's a great indication.
Well, the difference between a 'target' school and a nontarget is that its easier to get a job at a target school (top 20 mba program). It is not impossible to come from a non-target, but you just have to stand out more becuase you don't get the benefit of an alumni network and a proven track record of success. You have to remember a lot of times candidates are hired becuase the one doing the hiring went to a particular school. This trend continues each year making it harder for other schools candidates.
I would imagine tho that MSU would be easier to get a job than a lesser known MBA program. Do any banks recruit on campus for grads? If they don't, it'll be very very hard to get a job in ibanking.
The internship is actually donig finance related work for Ford Motor Co. By the time I realized that banking was what I wanted to do, I already had that job.
Did any of your buddies get jobs at BB's.
I know of 9 people at Rice MBA (44th) that got IB internships this summer as 1st year MBA's, Houston has great energy ib stuff happening though.
Plus, even though Rice may not be in the top 20, it is highly respected and I would say it is considered a target school of banks. Some schools in the top 20 may be good mba programs for corporate finance or something else, and not be good programs to get a job in investment banking. You have to do your research before you apply.
agreed. Rice is a great school and the mba program is supposedly excellent.
It also sounds to me like with a computer science degree and no prior financial services experience, you are wayyy behind those who found out that banking is what they wanted to do junior year of undergrad.
Nevertheless, you may be able to use your alumni network to find someone who works at a smaller boutique or maybe middle market firm, but a BB at this point is out of the question.
dumm-- I know many people who got into I-Banking from unrelated backgrounds, after MBA. And believe it or not, although you realized you want to do banking in your junior year, that guy will be your boss. Definetly you have a shot for associate as long as you can stand out.
It can definitely happen if you network through the alumni. There are more MSU guys out on Wall Street than you would expect.
Unfortunately, we dropped from 29 in the rankings to 48 about two weeks ago. That is also undergraduate not MBA... I have no clue on how that happened.
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