How realistic is lateraling from F50 Corporate Finance Summer Internship ---> FT Boutique/MM IB?
Currently a third year student at a Semi-Target and this coming summer I will be working at a Fortune 50 company as a finance analyst intern doing Financial Planning & Analysis. It was only after I accepted my offer that I read more about banking that I became more interested in pursuing that route (mainly for the exit opportunities to be completely honest).
For a while I was always for being a financial analyst at a large corporation ----> MBA ---> VC or Consulting, but I never realized two things that have been confirmed by many members on here and friends that have done IB:
1) that once you stuck with the F500 corp finance route you are kinda pigeonholed there for the rest of your life (either that or its extremely hard to exit the company forever)
2) The work itself is mundane (I always thought you would be doing the "sexy" financial things not just doing journal entries!)
Like many of you I don't want to experience either of these! If I had the chance to renege on my offer and recruit for SA Investment Banking I would do it, but I would be blocked off of campus recruiting by out career center and I don't want that to happen since I have the option to do FT IB next year. Looking more into the banks I would ideally like to see myself either at a MM or Boutique investment bank due to the smaller size and plus I don't think my GPA is enough for BB's (I'm sitting in between a 3.6-3.7 now - projected to stay the same or slightly increase till Full Time recruiting season) and from other sites and on here boutique/mm banks have a slightly lenient GPA range. My previous work experience includes serving as finance analyst interns at local companies near my school and a random tax consultant gig my freshman year.
I have talked to a lot of the people that have done full time IB recruiting this year and only ONE person of all the FT recruiting guys lateraled to RBC Cap Markets from a non-banking background their prior summer and it was from Asset Management with a ~3.5. That asset management gig is already even closer to IB than corporate finance, so it seems nearly impossible from my point of view, but is it really? How realistic is it to make the jump?
Any feedback, input, and suggestions are greatly appreciated.
FT IB recruitment is non existent unless you have an already offer from SA IB.. Try to reneg is my honest answer.
Fuga optio tempore dolores minus autem repellat nemo. Maiores nesciunt blanditiis quia eos. Qui ipsam doloremque qui qui iusto ratione totam.
Dolorem hic distinctio ad cupiditate. Quod facere alias vitae velit veniam. Quia quo sunt illum nemo. Dolor consequatur numquam sequi dolores. Dicta aperiam officiis et autem voluptates aut reiciendis. Assumenda qui officia dolorem quibusdam eius. Quibusdam ex pariatur aut esse fugit velit omnis.
Saepe iure consequatur rerum est quia culpa beatae. Maxime quas ex deleniti fugit magni debitis est. Ipsum ex aut delectus est dolorem blanditiis provident deleniti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Qui nisi accusamus quidem omnis officia cum. Illum est assumenda aperiam animi. Quis commodi possimus ducimus inventore sed blanditiis. Sint et velit suscipit aperiam et non. Odit et sapiente qui molestiae. Qui non rerum excepturi libero et qui. Nostrum minima sint officiis rerum ipsum dolorum.
Nihil quidem dignissimos numquam non ut. Quod reprehenderit doloribus omnis nihil labore. Velit dolor nihil et aut.
Sint esse enim perspiciatis ut nesciunt dolore. Sequi aut qui et.
Quo molestiae eum autem commodi saepe. Quaerat ut quia quaerat aut eius harum fuga sed. A est non praesentium quibusdam et recusandae.
Modi similique voluptatem aut dolores. Ea sapiente magni praesentium voluptas aut maxime. Velit molestiae tempora iste consequatur occaecati quas.
Debitis ratione voluptate saepe provident. Ullam atque quis recusandae odio quo neque. Ut perferendis voluptatem omnis non aspernatur unde. Saepe laudantium perferendis qui omnis rem quam. Quam nisi ullam et temporibus aliquam. Ducimus quia quisquam suscipit quam ipsum. Sed placeat magni asperiores occaecati magni soluta.