Feb 16, 2018

Is it possible to lateral to the associate level without an MBA and no prior IB experience?

But say you have relevant "deal" experience (aka Big 4 FDD/Valuations type stuff) and have focused on a specific industry.

Has anyone ever seen this happen? I would assume this never happens at BBs but what about boutiques and smaller shops?

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bdsco337, pure crickets, that's where I come in. Any of these useful?

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Saw this recently. Someone with research experience moving into associate role at a top MM. No MBA and no pertinent IB experience (outside of having worked in research at an IB).

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PrimeP

seen this at BBs: internal switches from IB business management roles into coverage roles

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Mirando

Mind sharing a bit more about the type of role he/she came from please? Was it middle office to IB?

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Authored by: Certified Risk Management Professional - Vice PresidentCertified Risk Management Pro

ShelbyCompanyLimited

Best Response

From what I've seen, this is definitely doable at the MM level. Assuming you have a strong technical base and are able to leverage industry experience, I think it is possible.

However, I have also seen people with similar backgrounds who went to grad school and absolutely crushed IB recruiting. Had their pick from top BB/EB's.

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Authored by: Certified Investment Banking Professional - 1st Year AssociateCertified Investment Banking Pro

ApplesVSBannans

Rare, but I have seen this at an EB.

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Authored by: Certified Investment Banking Professional - 2nd Year AssociateCertified Investment Banking Pro

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Is it possible to lateral to the associate level without an MBA and no prior IB experience?

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Is it possible to lateral to the associate level without an MBA and no prior IB experience?

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