To IB or Not to IB
Hey team, I'm a current MBA & MSF student from a non-target (DePaul University) trying to decide if IB would be an option for me. I have no prior finance experience but after I finish my masters degrees I am planning on going for an internship at any firm as an associate.
I also have a wife and a son, with more planned to be on the way and from what I understand at the analyst level relationships aren't really viable. I've heard associates work less hours and that the Chicago scene is less intense than in NY but I don't know if the fact I have a family works against me.
Am I too late to try and get into IB?
I'd focus on getting the offer first
Should’ve picked a target school…
To IB, or not to IB—that is the question: Whether ‘tis nobler in the mind to suffer
The slings and arrow of outrageous fortune
Or take take arms against a sea of troubles
And by opposing end them.
Borderline impossible to land IB from a non-target MBA, especially with no finance experience. MBA internship recruiting is also basically done for the MBA class that started in fall 2022
I would focus your efforts on other areas of finance, to be quite honest. Not because of the family, just because you're going to face a huge battle here to land IB.
It’s definitely do able but I would just say for the sake of your wife and son do not try and join IB.
The early years are critical years for your sons development and also you and your wife’s development tbh. No way you should go into IB and do that to your fam.
Look into investment managment / FP&A / wealth management.
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