IB SA with an accounting background?
Hey guys, was wondering if anyone has advice for if I am/how to be a competitive candidate for an SA position. I'm an undergrad student entering 4th year (will be doing 5 years, so I am looking at internships) who switched majors once from STEM and is now majoring in accounting. I have done extremely well in all my accounting (and just overall courses, even in my previous major), have a 4.0 GPA, TA, tutor, VP of a club, have some accounting internships (BO) at a big bank, etc. but the problem is a) I go to a non- target and b) I have very limited finance knowledge. I've only taken introductory finance, have never done a finance case competition or stock pitch, and am not in a student fund. I am pretty up to date with markets and the economy (WSJ, CNBC, Reuters), but I lack some serious finance experience I guess. Do you think I still have a chance? Am I as competitive as someone coming from a student fund? I am joining the one at my school this fall, but by then recruiting will be over so it would not help me in any way during interviews. For reference i am in Canada.
I am working BO in one of the banks I want to break into and have been using the opportunity to connect with people around the bank. Have made a connection w senior HR and have a coffee chat with a VP this week as well, any tips would be appreciated
IB is not about stock pitches- the only finance stuff you will get asked in an IB interview is about accounting or general stuff about deals.
i think my biggest issue is that anything accounting i can answer quick as lightning, and will get it right. my foundation in finance is a little bit weaker because i have mainly textbook knowledge of finance (e.g defns) but i need to actually make a DCF or comps or something to have a solid understanding you know? and with the obvious time crunch at hand, im not sure what the best resource would be to creating a few models or something and having a slightly stronger foundation. im reading the 400 interview guide as well as rosenbaum, but looking for something a little bit more hands on. there are SO many guides and courses out there that i've seen people talking about that i can't really decide which one would help me best, do you have anything that worked well for you?
The BIWS guides along with Rosenbaum are all you'll need to know for technicals, especially for BBs. I think those will give you the most holistic/prepared knowledge base for interviews. I doubt you'll get many questions on affordability analyses, outside of a paper LBO at worst.
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