Switching to IB in Late 20s
Hi everyone,
I'm working towards a career change to investment banking. I'll provide below an overview of my profile and near-term plans, and would welcome objective (if not brutally honest) perspectives -- ideally from those who've done something similar -- about the viability of my objectives.
About me:
- 27yo
- Currently based in London
- Mid-level in finance-adjacent field (think IR); have done for 6 years
- Graduated from the London School of Economics (with honours, awards, scholarship); equivalent 3.7 GPA
- Have built several small businesses during this time (two failed; one is now profitable)
- Trustee of a multimillion pound non-profit
Plan:
- Pursue MBA in the US (aiming for M7); scored 730 on the GMAT at first attempt but re-taking later this year
- Complete CFA Level I (not needed but think it would demonstrate interest + some degree of competence)
- Longer term: depending on where I end up for the MBA, I'd of course make the absolute most of the networking opps (with peers and recruiters) and angle my CV towards IB (both in terms of electives, extra curriculars, etc.); I think a Summer Analyst programme would be the first step towards getting in, so best to focus on securing that first before leaping forward
Thoughts?
Starting as an associate as 28-33 is completely fine. My current MD at an EB did several years in the army, big 4 for a few years, then Associate at our EB around 33/34. Made his way to MD. He looks younger than his age and the army exp. means he's super fit and hardworking. He's a beast and a real gentleman too. If you generally want to go into this career don't let age stop you. Seems like you have a decent plan
There are a lot of millitary guys who start as Analysts in their late 20s or early 30s. It happens, just have to have a good attitude about getting bossed around by people younger than you.
If you're planning on going to M7 there's absolutely no need for a CFA or to earn a summer analyst role, just study super hard for the GMAT and make sure you get into the best schools so you can start as an Associate
You should be fine, you have relevant work experience and a solid background. Not a problem to start as an associate a bit later on.
Thanks very much everyone -- this is incredibly helpful!
Average age at matriculation at top MBAs I believe is 27-28 so most post MBA associates will be 29-32ish by graduation. So it’s actually normal.
Absolutely normal go for it
Felt relieved to read all the comments. Graduated from topmost commerce school of my country, then went into identity crisis and career confusion. Went here and there during these lows. Luckily, managed to land in a decent corporate finance role after struggling with lack of clarity. Got the clarity I was seeking a little late at 27yrs old. Studying to land at top MBA school now, hopeful of getting there!
Im a 28 year old analyst. It’s not easy taking shit from people younger than you at times but I do feel it’s a bit of an insulator and I get less from people since I’m older / have cool life experience.
Once you’re an associate your age doesn’t matter at all. A 30 year old associate is totally normal.
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