New to the IB scene

Hi all, new member within the community and just looking for some advice and guidance on future career prospects.

I have recently had a radical career change after working in an engineering consultancy for 6 years I’m now back at university studying for a Master’s degree in Finance and looking to get into PE & HF but I know they are always after people with IB backgrounds. Given my age (due to graduate at 27 which I’m assuming is slightly older than the average grad intake) and experience what level should I be looking to enter a firm? I feel I have the relevant skills to jump straight into an associate but not entirely sure how companies will view that sort of thing. I’m still aiming to get an intern spot in the future so hopefully the will help cover any gaps in my CV and bypass the Analyst role.

If anyone has any experience with this sort of situation or advice in general it would be greatly appreciated!

2 Comments
 

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

  1. Age and Experience:

    • Graduating at 27 is not uncommon, especially for those who have had a career change or pursued advanced degrees. Your engineering consultancy experience can be a valuable asset, particularly in sectors where technical expertise is beneficial.
  2. Targeting Roles:

    • Given your background and the fact that you are pursuing a Master’s in Finance, aiming for an Associate role is ambitious but not impossible. However, most firms typically prefer candidates with prior IB experience for Associate positions.
    • Securing an internship in PE or HF can significantly bolster your resume and help bridge the gap between your engineering background and finance. This experience can also provide a pathway to bypass the Analyst role.
  3. Networking and Applications:

    • Continue networking and applying to internships and entry-level positions in PE and HF. Highlight your unique background and how your engineering skills can add value to the firm.
    • Tailor your resume to emphasize your financial modeling skills, analytical abilities, and any relevant coursework or projects from your Master’s program.
  4. Considerations for PE and HF:

    • Private Equity (PE): Firms often value operational experience, which you have from your engineering consultancy background. Focus on firms that invest in sectors related to your previous experience.
    • Hedge Funds (HF): Highlight any quantitative skills and your ability to analyze complex data, which are crucial in HF roles.
  5. Additional Resources:

    • Engage with the WSO community to seek advice from individuals who have made similar transitions. Threads discussing career changes and non-traditional backgrounds can provide valuable insights.

By leveraging your unique background and gaining relevant internship experience, you can position yourself as a strong candidate for Associate roles in PE and HF. Good luck!

Sources: MM HF IR analyst looking to lateral to MF PE IR, need career advice, Career Move - Corp to PE/HF in "late" life stage, What level of maths is involved in your role?, PE Analyst Exits -- MBA vs HF vs PE Associate?, 3 years work experience in big 4, Ms Finance or MBA? Could you please give me some advice?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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