Random question that came into my head a few min ago, has anyone ever heard of someone going from MBA straight to a VP level in IBD?
Obviously, the usual path is to go in as an Associate, but I'm curious if anyone has even seen any exceptions made. My thinking is, if you had an MBA candidate that had extensive Pre-MBA banking experience(let's say IBD and then MF PE) who went to a top B School could they make an argument at a bank that they should either be a VP or come in as an Associate 3 with a clear path to VP after a year?
I heard of this one guy named Patrick Bateman. He was a 27-year-old VP with a Harvard MBA, so I imagine he graduated from undergrad, worked two years in some capacity, went to HBS for two years, and then started as a VP. He might have spent a few months as associate. I think his dad owned the firm, though.
Patrick Bateman also had a nicer apartment than most MDs, so clearly he has life figure out.
In all sersiousness, I've never heard of this--not saying it couldn't happen but it's not likely.
If you are already had IB experience and then worked in PE, you likely wouldn't need an MBA to get back into IB. If you were already a 2nd or 3rd year associate and wanted to stay in IB, it wouldn't make sens to take on the expense and $700k+ in opportunity cost to get an MBA when its not needed for promotion to VP.
I did have a couple people in my business class that were first or second year associates at regional banks and went to b school to jump to BB / EB --they entered as first year associates like everyone else.
Again, I'm sure someone here will find the one or two exceptions but again, banking recruiting for both analysts and MBA associates is extremely structured. Any exceptions would likely not be at the BB/EB level.
Nope. PE guys, ex IBD associates, etc still come in as first year associates. You might be better at your job than the others and get promoted quicker, but you'll all start off on equal footing.
Gotcha, thanks for the responses. Yea I know it would be a weird situation because it wouldn't really make sense that someone from a MF PE wouldn't want to go back into PE (or that they wouldn't have a single option to get into PE), but I was more just curious if instead of going back into PE, some people could leverage their background and try to get in at a high level in some type of specialized group(GS SSG esque) at a bank.
I interviewed with a guy once who was an analyst and associate at Allen & Co, went to HBS, then went to GS as a VP. That is the only time I have ever seen it, but he already did three years as an associate.
Actually, this is possible although not typical. Someone at my firm (BB) started as an Analyst and stayed on through Associate 2. The person then went off to B School and came back as a "Stub" VP and became a full VP at the turn of the year.
I've heard of someone that did 2 years banking, 2 years PE, MBA, and then came on as a 3rd year associate in the same banking group he was an analyst in
Associate -> MBA -> VP (Originally Posted: 06/28/2011)
Do people do this? Why do I never hear about jumps like this?
Why is it just the analysts that I see making the jump from Analyst to Associate using an MBA?
Do Associates ever go get an MBA, then come out VPs?
This is a cool question, I'm curious too. If someone punches through the standard progression, what happens then?
A guy at my firm came in at the Senior Manager level right after his MBA (Kellogg), which is at least as high as an IB VP in terms of seniority.
Yea, I'm considering an MBA after four or so years at where I'm gonna be starting next month.
Would banks just make you restart as a first year associate after an MBA, even if you were already an associate?
This happened at my firm (MM M&A advisory in NY). guy went from analyst -> associate-> MBA -> VP
Keep in mind that he was returning to a firm he'd been at for a while, firms would probably be less likely to do this for a new hire.
I've never personally heard of this happening, though I have to imagine it's possible.
I think the main reason is that if someone left for bschool after being an Analyst to Associate promote, then I have to imagine investment banking is one of the least likely post-MBA career paths for that individual to pursue.
And if someone was in a position where they wanted to come back to banking after an MBA, then, the potential hiring bank is probably going to be very skeptical of the individuals true intentions (i.e. will he try to jump ship to something else after a few months, etc.)
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