Looking for IB job pref in DC/NOVA area 1+ year of experience non traditional
So I've been working for a year and 4 months for a small investment consulting firm that specializes in futures/options trading. I have a 3.4 GPA from George Mason so basically I have non-traditional experience and from a non target school. Do you think it is possible for me to land an IB job still? If so what are some good firms and staffing agencies/recruiters in the area I could reach out to? The job opportunity doesn't have to be in the DC/nova area. Any advice is appreciated
Here's my work experience: Analyst and Derivatives Trader, Kane Capital Group February 2016 – Present Prepared in-depth reports of equities that highlighted critical information in order to sway senior management opinion. Sought to produce absolute returns uncorrelated to the equity markets by using strategies such as relative value, trend following, and pattern recognition. Managed majority of firm’s options trades and entry and exits. Delivered analysis and recommendations for client portfolios and discussed the proper strategies to meet their desired short-term and long-term goals. Utilized proprietary and third-party analytical tools. Q2-Q3 2016 option trades resulted in a cumulative ROI of 86% Redesigned the framework of analysis for equities and introduced multiple new option trading strategies to provide more consistent returns Achieved more in the first six months than analysts that had been at the firm for over a year Financial Management Tutor, George Mason University September 2015- Present Taught concepts such as time value of money, annuities, perpetuities, pricing of stocks and bonds and much more. Lead sessions of up to three students at a time. Developed student’s financial management skills in a difficult class. All students passed the class with a B or better (class average for 2014-2015 was 68) Majority of students were referred from previous students
I don't know a ton of firms in the area but could start looking at the McLean Group or BB&T. Also, CapOne may have a few good roles. Cambridge Associates is down there, but more in line with what you are doing now. You may want to think of getting the best experience now and then transitioning to IB through an MBA. If looking at Bschool, start GMAT prepping and getting involved in things.
You take the long path or the long path. It'll take 3-5 years from today, regardless.
One path would require you making 1-3 more jumps to get into an experienced IB role (i.e. to Big 4 group that aligns with your skill set, transfer to TAS group after 1.5 years, then lateral to a bank 1-2 years later). The other path is B-school in 2018 since you've missed application cycles, but that also forces you to compete at the entry level associate programs which are highly selective - or go to regional boutiques that may not be as competitive and then lateral to a larger bank. If you really want to do IB, it can be difficult to break into. There are smaller IB boutiques in DC that may not require previous experience, but you'd start out at the entry level (Chertoff Group, Ponterra Business Advisors, etc.). Those tiny ones may still be a struggle to exit from though.
Houlihan Lokey and Baird have offices out in McLean too, fyi. FBR has a presence in Rosslyn.
I'd also consider removing this line from your CV since it sounds cocky and future co-workers may dislike the way it comes across. "? Achieved more in the first six months than analysts that had been at the firm for over a year"
This might be useful, too: https://www.wallstreetoasis.com/finance-jobs :)
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