Junior Accounting Major lost on what I want to do
I'm a junior accounting major at a large state school looking into finance career options. I have a strong GPA, leadership positions in extracurriculars, and am a TA. After a few informational interviews with bankers this spring, I'm now thinking I should try to get into a banking role instead of my original plan of big 4 audit. This is largely due to my belief that banking is more interesting and the people there are so driven. I loved being at the bank surrounded by smart, hard working people. One option is to get into an advisory position at the big4 and work on transaction services there and try to move over in the future. I plan to get my masters degree in accounting as well, so I want to intern next summer. The reason for the masters in accounting is because it will be relevant and I will also have a safety net if something goes wrong. I feel that if I don't take the higher risk option of going for a banking job, I'd regret it later in life. I'm used to playing things the safe way and I realize that isn't always what makes me happy.
Anyways, I was hoping for advice on how to figure out how I should go about this. I have interviews with the big4 and some local finance firms for summer positions. Thank you
bump
Since you're already a junior, your chances of securing an IB gig before graduation are slim at best. Your best bet would be to work in big 4 audit for a couple of years and break into IB through an M7 MBA program.
What do you think about aiming for corporate banking and then lateraling?
I know a lot of people who are accounting majors who went into IB. With them, they were finance undergrad with accounting masters. I think the hardest part is saying why IB when you are an accounting major.
Work a year(s) in TAS and lateral over to IB.
If you land a FO or MO finance internship for the summer, try to get into FT IB programs, but if that doesn’t work out go back to option 1.
What about if I do a valuation internship this summer, then go for a summer analyst position in IB next summer, then do MAcc, then full time IB?
Network a ton. Reach out to anyone willing to listen or give you guidance. I was similar in your shoes except didn't find out I wanted to do Banking until my senior year after I accepted a position in Big 4 audit. Ended up networking and busting ass 6 months into the job and secured a FT Direct hire with a MM bank after a year in Big 4.
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