Question for IB Associate
Hi Everyone,
I had a question for IB associates on this forum. What is the makeup of your associate class? I work at a PWM company and have a 3.2 gpa (think elite boutique, team based work). I am a recent grad and would like to get into banking at some point. I am guessing my best bet is to get into an MBA 4-5 years from now and get in at associate level. Do any of you have PWM guys in your associate class? I specifically want to get into an industry group (healthcare) since i was a bio major undergrad). Any thoughts?
No PWM guys in mine. You should gun for the CFA IMO. Even if you can't obtain the charter, at least pass the levels.
Our makeup was as follows: lawyers (JD/MBA), accountants, consultants, military
Disclaimer: Not BB
Yes I do plan on studying for my CFA. Taking level 1 soon. Why do you say this though? Just so my application stands out when I go to Bschool? or is this to transfer from BB PWM to analyst level after a few years? Or are suggesting a different path?
Mostly for the former reason.
I want to bump this. Does anyone know of PWM (CS/JPM style pitching work) moving over to banking after an MBA? Why does this transition not happen? Is it because the opportunity cost is not worth it for a PWM guy? It seems to me the client facing polish should be a asset to the ibanks.
Your role as an associate is not to be a smooth talker with the clients. Coming from PWM, there are huge gaps in understanding and a lack of transferable skills.
There are probably few exceptions, but generally that is the problem.
thanks for the help peinvestor. I was wondering if I go to a top MBA how can i position myself for a summer associate position at a top bank?
Your role as an associate is to check analysts work and deliver process oriented materials to the leader of your team on the execution side. While you will certainly interact with clients, that's not why you'd be hired. You'd be hired because you take what the analysts give you and apply polish to that work.
Thanks for the help. How do you think I could leverage my experience in pwm to go into a top mba then ib.
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