So here's the deal, I'm definitely NOT one of those tools that works in a non-revenue producing role and claims to be a banker or trader. I work for for a bulge bracket in a corporate accounting function (finance division) - specifically capital planning, funding, and FX management. Needless to say, this is not a front office gig but rather a finance stint that I thought might be a decent opp in a prestigious firm. Given that I didn't come out of a target school, it wasn't much of an option not to take the job. I guess I'm realizing more and more the difficultly of performing in a job that I'm not passionate about, and I work a lot of hours... I always imagined getting into investment banking, or more recently merchant banking. I know the competitiveness of these positions, but I was wondering what opinions you may have about where I am now and where I ultimately want to be in the future. Is this corporate accounting/finance job a good experience or should go with an alternate plan? I can take this for a bit more if it really helps to learn corp. accounting and financial analysis...but if i'm a long way from my dream IBD job, then maybe it's time to throw in the towel? Thought I'd get some advice from those who have industry experience. BTW, some background info: double major in economics and international studies, graduated with a 3.9 overall and 4.0 in my majors. Current job pays well, same as the street for any 1st year pre-MBA and a 20% bonus. I also have past equity research internship experience. No one seems to have a good answer, what do you think? Good stuff, see you out there
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Definitely don't throw in the towel. Defeatist attitude won't serve you well. Be positive and confident. Do your current job well and become the rockstar of that group. Realistically, if you want to remain at a bulge bracket, you will probably have to get your MBA in a few years and enter as an Associate. If you are dying for some IBD action now, work for a year and then start interviewing at MM/boutique firms for an Analyst role.
Thanks for the feedback 1Eric1, can definitely see myself going for the MBA. I was thinking of continuing with this finance job and completing a part-time NYU Stern MBA, as it is paid for by the firm. Otherwise, I'll apply to a top 10 program and hope the chances of getting into 1 are solid. I agree that having a defeatist attitude is not conducive to success, but I guess my role in the accounting field at this bank (and the proximity I have to the real action) has become somewhat of a challenge and tease, and I'm trying to find an alternative path to where my interests really lie. Seems as though the target school folk have a little easier time..which they should considering the stresses endured at places like wharton, chicago, harvard, or duke. On another note, I cannot possibly leave this firm without at least aggressively persuing a business side position, so boutique jobs might not be a good idea. I've seen a few people in my world do so in the past six months so I feel as though that may be a possiblity. However, I have an 18 month commitment to the finance division. Thanks for the advice...if you have any other ideas or advice, let me know.
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