IB the best career springboard for me?

After using this site for a couple of years, I thought it'd be a good time to finally post. A bit about me - I'm a second-year student in what could be described as a semi-target European uni for reference. I've seen a few really good career-related posts of late by older WSO users so I thought I'd add my 2 cents on my own rough plans to see what opinions/ advice people have - I'm guessing there are a few students in a similar position also. 

Basically, I've always been interested in markets, business news, current affairs, etc., so ibanking has appealed to me as the best way to start my career for a couple of reasons - I'm good with both numbers and people and try to maintain a lot of different interests both socially and intellectually. From what I've read and heard from those in the industry, IB is a great place to combine these people and numerical skills while working alongside people from any number of backgrounds. Also, I'd be able to develop and showcase a great work ethic early in my career. In my twenties why not try and push myself, I know how valuable the brand/experience/network of an IB stint can be to any future career I may pursue. I think also I've done well academically to this point without pushing myself hugely, so a job where I'd be pushing myself alongside really intelligent people appeals to me a lot. 

Long-term, I think I'd love to start and build my own business, and the skills/ network/ industry-specific knowledge I could potentially learn from banking would make it a great place to start with entrepreneurship in mind. I'm reluctant to try and go out on my own too early in my career as I believe the aforementioned benefits of a stint in banking would stand to me down the line, and who knows, maybe a 'conventional' finance career path ending up on the buy-side (if I'm lucky) may appeal to me then - so, therefore, going into banking gives me the greatest breadth of career options in this regard also. 

I think it's important to mention I'm not obsessed with making as much money as possible, either. I genuinely want to end up doing something I really enjoy. Yes, I know banking (namely M&A) seems to be a slog at times, but I think the work would genuinely interest me, and if not, I can leave with a  great brand on my CV and lots of options as I've said. 

Just to add, in case anyone is thinking 'you have to get into banking first' of course, I realize how tough it is to break in, but this is just a hypothetical scenario. I've done a couple of spring weeks already so I feel I'm on the right path to hopefully doing just that.  

I'd love to hear any opinions or perspectives on what I've said above, especially about my 'ideal' early career path given my potential long term aspirations. What would you tell your younger self if you were in my position? If you're a student like me hoping to go into banking, please drop a few of your own thoughts too on mine or even your own situation. 


Hoping this doesn't flop! Thanks

 

Quia aliquam consequatur praesentium voluptates. Et architecto aliquid earum praesentium ipsa. Natus eum recusandae magni hic rem ut voluptatibus. At ea quae qui doloribus quam voluptatem rerum. Sapiente qui voluptates eos aliquid aut et.

Sint excepturi ea reprehenderit excepturi iusto dolores unde. Sed nihil temporibus impedit illum. Error eligendi cumque eos repellat distinctio fuga. Doloremque consequatur illo enim id maiores vero. Saepe vero qui tempora et. Sunt maiores consequatur reiciendis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
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...”