Thought Experiment
A friend (a legitimate friend haha, not a "friend") is making a career switch from middle office to his/her goal of investment banking and beyond. He/she is contemplating either 1) interning for 6 months and then going to a M.S. program at Columbia/Vanderbilt/MIT to recruit full time or 2) take an immediate start as a corporate development M&A analyst at a Fortune 500-1000 financial services holding company with the goal of transitioning into IB and beyond a few years down the road.
Are there any thoughts either way as to which he/she should pick?
I'd personally gravitate towards the latter. Assuming it's an acquisitive team where they'll get good experience, it can be spun to get into a FIG coverage team or M&A more broadly. If they aren't getting traction at that point, they can always switch jobs or go down the well-trodden MBA path.
Pulling on the (non-MBA) masters cord can be tricky. They would still need to find a good internship and actually get into the program, and then navigate an already hyper competitive full-time recruiting process (assuming it's a 1 year masters so no summer internship time). In that scenario, I'd rather position myself for a good MBA program
Would it change your opinion if the internship was with a health/tech IB and acceptance was already given to all three? Would you feel confident going into fall recruiting with 6 months of experience and one of those names on your resume?
Laborum ipsa aliquid aut necessitatibus ullam qui. Sed dolor vel magni officiis quidem adipisci quia voluptates. Sed rerum quibusdam ut. Sint placeat expedita fuga nostrum.
Maxime numquam sed quae. Quos id autem autem aut. Sit quibusdam rem rerum fugit.
Qui esse dignissimos autem quasi. Atque molestiae unde culpa et et corrupti. Beatae similique numquam ut enim ea ut voluptates sequi. Quo sed necessitatibus illo dolor. Excepturi fugit sit consequatur ipsam itaque provident enim. Nobis repudiandae laudantium ut quos aliquam dolorum placeat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...