PE Accounting -> M7 -> FIG IB
Hello, I have 3 years of work as an inhouse accountant for a midsize PE firm. I have a high degree of exposure to how PE firms and FI in general make money as well as some experience with valuation.
Doing a MBA from a mid tier M7 (not H/S/W).
What are your thoughts on if it would be doable to break into a BB FIG practice. Ideally JPM FIG due to their 4 verticals and alternatives work. Luckily I did some diversity programs with JPM (lol if that counts for anything).
I think I have a fairly strong story as to why, its just if since I don't have pre-MBA IB exp I will struggle (although I know from my B-school everyone who goes into IB from MBA does not have IB exp prior).
Thank you.
I don't see why not. I know guys who have done the switch with zero finance experience pre-MBA. Just network your ass off, work on a great story and start early.
Thank you, I appreciate it. My main concern is that most of the guys going to IB seem to focus on a firm or geography (bunch looking to go to/stay in Chicago/NYC or are super focused on one firm like MS or EVR). Getting placed into a group is less common from I have seen but I still am in the early stages of networking.
I think it's really going to depend on the quality of your outreach. If you solely focus on FIG, you will likely end up in FIG. I would caution you to mix in a few other generalist programs for safety too.
If you're on good terms with your fund when you leave, it might not hurt to have someone on the investment side reach out to their banking relationships and talk you up.
Anyone who is super focused on one firm is going to have a bad time... Definitely not how recruiting at the MBA level is done. Perhaps you just think that because you are in the pre-MBA recruiting period?
FIG recruiting is fairly specialized and you can easily just focus on FIG groups during your recruiting. With your background, it seems like it should be fairly easy considering how your story would sound very coherent. At my M7 FIG was definitely one of the least competitive areas as most gravitated towards the "sexier" groups like TMT/HC/Etc.
I was in a very similar situation and had multiple FIG IB offers. Just make sure your story is airtight. Not that many people choose FIG to begin with, so bankers will definitely push you on this even if your background makes sense.
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