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Career Resources
Full-time MBA hopefully from a Top 10 school. Then the former analyst can use that MBA to go back to ibanking as an associate, or can try to join a PE, HF or VC firm.
Doesn't the average full time MBA student have 4ish years of experience? I know the number at Penn was 4.9 years for one of their recent entering classes.
PE/HF/ Corp Dev pre- MBA, top 10 MBA, PE/HF/Corp Dev/ Banking Associate / Consulting / Whatever the hell you want after.
I would say very few ppl go do an MBA after 2 yrs as an analyst...
These days more people do PE/HF than anything else.
It's going to depend ALOT on the strength of economy when you finish the analyst program.
I guess the average ages go up because of the fact that majority of the people in the business program wont be all bankers and for other occupations its usually better to spend some more time gaining experience (+ the dough to pay for B school)... LIke I particularly know a person who went did consulting with McKinsey for 5 years....went to B school ....eventually became a partner and now is a CEO....so I guess the career paths differ from person to person..
Do investment banks support analysts going back to business schools, for example, tuition reimbursement or accommodation for persons pursuing part time MBA programs?
.... How could a investment bank support someone pursuing a part-time MBA program? You can't go to school part-time and work as an investment banker.
I've heard of people doing this if they're in ECM/DCM, etc. Agreed though, extremely difficult/impossible to do if you're in corporate finance.
i heard the same as tirekicker as well as depending on firm. boutiques and mids try to disprove 2 and done culture with allowing people if the group permits to do night school
How on earth can you get an MBA through night school and have that MBA respected on mainstream Wall Street?
Yes, I know Stern does this, and they may be the single respected MBA program for night/weekend/EMBA grads. Other than that, though, you might as well be taking classes online from Phoenix University, right? Or am I mistaken?
Nope, I'm thinking of Stern as well.
Yeah, I'm thinking Stern is your one shot at a night MBA that could potentially be respected on Wall Street.
We just got my fiance's app to Stern for early decision (hoping to cop a free place for us both to live in Manhattan with his scholarship, which is worth more than he can earn in the workforce). This is solely because (A) it is in Manhattan and (B) by default, it has a respected finance program because New York financiers attend it.
Columbia does as well.
Yeah, but I can't live up by Columbia. I refuse to take subways and the commute would kill me. Stern is just a way to get us low-cost or free housing; his MBA would just be a kicker.
What do you all think about Boston College's night school? I know someone who is hoping to go there part time in order to switch into VC.
bc sux
isnt columbias exec MBA considered more prestigious?
Generic Breakdown after 2 year analyst stint (Originally Posted: 12/23/2009)
I was curious what analysts in your experience generally do after their two year stint from bb's. What percentage go to pe, vc, stay in banking, corporate, something completely different. I know what people did from my intern group last summer, but am curious what is the general breakdown.
It was a little over half leaving for p.e. and others staying for 3rd years. I thought it was odd no one else did anything else.
Thanks
Most have a "general breakdown" far before the end of two years...
In my analyst class (Summer '07 to Summer '09), the breakout was roughly as follows. Note that I worked at a regional MM firm doing M&A.
30% Corporate 25% PE 20% Stayed at Bank 5% Small Start Up 20% Unemployed / Burnt Out & Not Looking
The year prior to my year, it was pretty much 90% PE / 10% Stayed at Bank. From what I've heard from the analyst class below mine, this year was another extremely tough year for PE recruiting, with the majority of analysts still looking for a job or reverting to a 3rd year.
life after analyst years (staying in ib) (Originally Posted: 11/27/2010)
I'm going to go out on a limb right now but beleive it or not I actually like concept of IB and helping corporations with their financing needs, more so thanthe idea of working for a PE/Hedge Fund. I'm sure i will have a my feelings will change once slavery begins but how shitty is life after analyst years and is the money really better outside IB?
Thanks
Yes, the money is better, as are the hours.
PE Pre-MBA (after IB analyst): 160k-250k all in depending on the firm PE Post-MBA: 250-500k all in depending on the firm
You won't exactly starve as a banker.
Money is not necessarily better at a smaller firm although it usually will be.
After the Analyst Stint (Originally Posted: 01/23/2007)
There is a lot of talk of specific exit opps and such... but what in more wide scope terms is the situation of THE AVERAGE analyst program graduate from a bank like JPM.
Does he/she have to be lucky to land a spot at a private equity shop/hedgefund, what other good exit options should I look into 2 years from now...
corporate development at a big company
S&T if for example you worked in lev fin and want to trade high yield
marketing at a big company
how hard of a transition to Sand T would there be?
Post Analyst Plans??? (Originally Posted: 12/07/2009)
I was wondering what the breakdown was for post analyst plans at any given analyst class at BBs.
Specifically what percentage were 1) Direct promotes (A to A) - % 2) MBA - % 3) Related industry (PE HF etc) - % 4) Unrelated industry - %
I know the direct Analyst to Associates part may vary the most depending on the bank. I also understand this may have changed recently, but what would the distribution be in normal times? This can be from what you have seen at your BB or somewhere else.
Thanks!!!
bump
I would like to know this as well
Anything out there?
Thanks!
Possible to get into b-school after 2-year analyst stint? (Originally Posted: 05/16/2008)
I'm curious if it is possible to get into an MBA program like University of Chicago or Northwestern's Kellogg after doing two years as an analyst at a BB. Say you perform well at a top group, 750+ on the GMAT with a 3.7+ GPA from a well-regarded sem-target state school.
I know many people talk about going straight to b-school after working as an analyst, but I'm wondering how realistic it is to do so and get into a top school.
I think it's very possible to get in if you had those quantitative stats, ASSUMING you also had outstanding extracurriculars throughout college and you can craft very compelling essays to make up for your relatively few years of work experience.
Many top schools have been trending toward a younger demographic (notably H/S) so with a solid 2 year BB stint, 750 GMAT, and a high GPA you should be a lock at a least one of the M7s (assuming you execute well on the essays and provide a cogent response to the why b-school/why now).
My sister went to Kellogg and I think I remember her saying that Kellogg places a greater emphasis on work experience than many of the other top schools. Not sure, but it might be something you want to look into. Regardless your stats are good, so I'd think you have a good shot.
That makes sense for Kellogg, as Northwestern is known for preferring candidates with more experience for their law school as well.
Yea, Kellogg and Tuck are well known for favoring the more experienced crowd. Harvard and Stanford really love the young-20s.
I do know a few MBB guys who got into K after 2 years in consulting, but K is also better known for consulting than for finance.
I know it can be done at Chicago, though 2 years is not much experience. As soulmeetsbody says, the key is in crafting your story about your life and work experiences, since most of the people you'll be competing with will be older. The grades and GMAT are fine, but all the top schools reject more people than they accept with top grades and gmat scores. Its all about the essays.
Yes, it is possible, but you'll need some strong extracurricular accomplishments in college (assuming you have the typical IB analyst hours where you have no time to do anything outside of work).
Alex Chu
life after analyst stint? (Originally Posted: 05/20/2008)
i am starting at ms/ml bank in the fall in banking in a pretty decent group. i have substantially poorer grades than the other analysts starting with me - think 3.45 - 3.5. am i going to be screwed when it comes to business school/post analyst opportunities? gmats are in the 780 range.
From everything I've heard in training, business school is less of a necessity if you are moving vertically within your firm - - so would you consider being an associate? If so, your track record should out weigh.
By the way, I am in a similar situation. But I'd like to stay in-house, not go to school again.
3.64 is the average GPA of an admit - so you don't seem far off. GMAT is stellar. It is hard to imagine that you'll be screwed over because of a tenth of a point. The GPA is even less impt if you came from a solid undergraduate institution.
People generally put way too much emphasis on undergrad GPA following their first job.
What exactly do you mean by "780 range"?
I do know for PE, HF and VC recruiting there were a significant number of firms that were interested in GPA; a very common checkbox along with SAT and undergrad institution.
I mean, yes, people are interested in it, but only as an additional datapoint to which you can differentiate candidates if necessary. Generally speaking, if you're good enough GPA wise to get a banking job and you have good deal experience, 3.8 vs. 3.5 won't matter much.
To be honest, I don't even think we verify GPA.
An official transcript should suffice for verifying GPA; post-offer, I think this is a pretty standard requirement.
Agree with your point that GPA is really more of a hurdle for candidates than it is any real differentiating factor.
as an aside, how did you get in with a 3.5
did you go to a top target? networking?...?
I think a quick glance at her user name and her sig will tell you a lot.
Just kidding...it's food for thought though. LOL.
anon - i PMed you.
"I have a head for business and a bod for sin. Is there anything wrong with that?"
workingirl, you'll be fine - your GPA isn't exceptional, but it's not bad enough for it to be an issue if any recruiter asks a few years down the line. And it won't be an issue either should you decide to apply to a top b-school so long as your GMAT is strong (700+, 720+ to be safe if you're applying in a few years).
Alex Chu
2 Years as Analyst, Then What? (Originally Posted: 12/28/2011)
Hello all,
Aside from the MBA, what options are available to people leaving a 2-year analyst role?
I'm wondering what someone would do after doing two years as an analyst for, say, a small boutique (not Lazard, Qatalyst, etc.). Should one just get out of there quickly in the first place and move to a bigger boutique or BB firm?
And if I'm young (22) and about to start a job in IBD, the average admit age for top MBAs tends to be in the 27 year-old range. What experience should I gain if I'm not admitted to a top MBA when I'm done as an analyst (I'd be 24)?
Thanks for the help.
Also interested.
Start by killing it at your job before worrying about the exit ops
The "standard" path (if there is such a thing) is usually 2 years IBD, then 2 years PE, then business school.
If you're starting off at a true boutique, then the structure seems generally a bit looser, which means that if you're a good performer, you won't necessarily get forced out after 2-3 years. Why don't you see if you like banking first, then decide where to go from there?
Anyway, when I was networking, it seemed that a lot of senior bankers didn't necessarily start off in banking or even stayed with banking (if they started off as an analyst). Lots have taken detours through corporate development, start-ups, non-profits, the military, and whatever other "non-traditional" paths there may be, so there's no one ideal route to a career, rather, just do what you think is right for you.
Just make sure to ace the GMAT and your interviews if you do decide to go get your MBA :)
i have seen IB analysts move on to private equity, corporate development, startups, hedge funds, equity research
You got a job in IB without knowing what happens after 2 years?
Phase 1 - IB analyst Phase 2 - ???? Phase 3 - Profit
I am in the same position - graduating in May and beginning at a BB in late summer. When is the best time to take the GMAT if I am thinking 2 yrs of IBD, 2 yrs of PE then BSchool?
I know there are changes occurring to the test in early June
I'm in the same boat.. going to try and take it during the semester sometime.
I definitely don't want to wait until after the changes
I agree with above, it really is up to you where you want to go. If you are at a smaller boutique, you should first see if you like the culture/deal flow/people at the firm before you decide to jump ship. If you go in there with the mindset of really doing well and being a great analyst, as long as your keep your personal integrity in tact and work hard...exit opportunities should come easy.
From a tiny boutique I interviewed at one guy lateraled to a very good MM, many firms will keep you on as an associate, simply because you know the culture, you're presumably decent/well liked and you'll star on or you can jump to boutique/lower MM PE/VC a lot of times you'll have great contacts with the firms from doing deals.
Greatness, duh
See: The Track (http://www.leveragedsellout.com/2007/07/breaks-in-the-track/)
What is more advisable coming from a boutique?
2 more years at a MM --> low/mid level PE --> MBA
or just go straight to low/mid level PE --> MBA?
If I do a 2-3 year stint at a boutique I'm waiting to hear back from I would like to possibly do a stint abroad in HK before PE or MBA.
Start your own company. Stop being employed and go out and build your own cash flow.
bump
curious about "Should one just get out of there quickly in the first place and move to a bigger boutique or BB firm?" as well. how tough is it to lateral to a BB from a boutique?
Either go work at a smaller IB or shoot for MM P/Es / VCs. Also, consider getting another certification like a CFA. It'll really raise eyebrows pre-MBA.
2 years as an Analyst at a BB....what now? (Originally Posted: 05/08/2012)
Approaching the end of my two years in banking, where to now is the question? I don't want to do PE or HF, but I don't know what else to do. Banking sucks but I'm not sure what else there is for former bankers to go and do.
B-School to figure your shit out.
VC. Corporate Development. Corporate Finance. Investment Management. Business School.
just move to Buenos Aires like everyone else. BA is to ex-bankers as Florida is to old people
I'd definitely try to schedule a transition period in between gigs where you can travel for like two months (that's what I'd do anyway, I would love to be able to take an extended period off without consequences). @Human listed the common alternate avenues.
trying to figure out myself..
i wonder how to get into the executive ranks at a BB? wouldn't that be sweet.
So you've worked 2 years in banking and have no idea what your options are now?
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