Qualifications for IBD Analyst Positions

Hi everyone, looking for some insight.

Currently, I am not in IB but want to make that step going forward. Many of the companies I wish to apply to state in their qualifications that they require "1-2 years investment banking experience." I have relevant financial services experience, including experience with excel and common financial tools (I also am a CFA candidate), but I do not have any IB experience. Does this matter and should I be applying to the jobs anyway, or does this literally mean that this company does not hire experienced hires that have no experience in IB for that position?

Thanks for your help!

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