M&A/Securities Law vs IB Feasability

Based on the most helpful WSO content, here are some insights and advice for your situation:

Insights on M&A/Securities Law vs. Investment Banking (IB)

1. Connections and Networking:

   • Your dad being an MD at a respected MM firm is a significant advantage. Leverage this connection for internships, informational interviews, and networking opportunities.

2. Education Path:

   • History Major: While history is not a traditional feeder major for IB, it can still be valuable if you complement it with relevant finance courses or a minor in economics/finance.
   • Law School: Big law can indeed involve extensive paperwork and may have a less favorable work-life balance compared to IB. However, it can also offer a lucrative and prestigious career path.

3. Work-Life Balance (WLB) and Career Progression:

   • Investment Banking: Typically involves long hours, especially in the early years, but offers faster career progression and potentially higher earnings.
   • Big Law: Also involves long hours, but the progression can be slower, and the work may be more document-intensive.

4. Feasibility and Realistic Expectations:

   • Investment Banking: Given your semi-target school status and family connections, breaking into IB is feasible. Focus on securing internships early, joining finance-related clubs, and maintaining a strong GPA.
   • Big Law: If you choose this path, aim for a top law school to maximize your career prospects. Consider the long-term commitment and whether the nature of the work aligns with your interests.

Actionable Steps

1. Networking:

   • Utilize your dad’s connections to set up informational interviews with professionals in both fields.
   • Attend networking events and career fairs hosted by your school.

2. Academic Focus:

   • Consider taking finance or economics courses to build a strong foundation.
   • Maintain a high GPA to keep your options open for both law school and IB.

3. Extracurricular Activities:

   • Join finance or investment clubs at your school.
   • Seek leadership positions in relevant organizations to build your resume.

4. Internships:

   • Apply for internships in both fields to gain firsthand experience and better understand your preferences.
   • Use your connections to secure internships at reputable firms.

5. Career Services:

   • Utilize your school’s career services for resume reviews, mock interviews, and job search strategies.

By following these steps, you can better position yourself for a successful career in either M&A/Securities Law or Investment Banking.

Sources: Career in Finance - Reality or Reach?, Advice on career and the switch into investment banking, Not sure if Investment Banking is for me anymore, Are you guys happy with life? Help me please., Recent grad, super lost. Can anyone give advice/help me choose between an MBA, JD, or MA?