Too Late to Break In?

First time posting on here, have recently been trying to learn about the path into high finance but I'm not sure if I'm too late. Any advice is greatly appreciated. I graduated in 2022 from a non-target school with a bachelors in business admin. I did a financial analytics internship for a healthcare company in 2020, took a gap year during covid, and after finishing my degree began working in healthcare sales. After a few months of this, I realized that my original idea of working in finance is what I want to pursue.

Is it too late to break into IB? I never had a summer analyst internship and did minimal networking during school. I know it would be an uphill battle from here, but has anyone here gotten into IB after school without any background in it?


Edit: Forgot to add I had a 3.4 GPA, so without getting my resume in front of the right people, wouldn't my application just get auto filtered out

 

Hey there! It's never too late to pursue your dreams, and breaking into Investment Banking (IB) is no exception. While it's true that having a summer analyst internship or a strong network can make the process easier, it's not impossible without them. Here are a few tips based on the most helpful WSO content:

  1. Networking: This is crucial in the finance industry. Start reaching out to people in the industry, attend finance-related events, and don't be afraid to ask for advice or mentorship.

  2. Education: Consider furthering your education. An MBA from a top-tier school could help you break into IB. It's a common path for many who didn't get into IB right out of undergrad.

  3. Leverage your experience: Even though your experience is in healthcare sales, you can still leverage this in your applications and interviews. Sales skills are highly valued in IB, so be sure to highlight this.

  4. Internships: It's not just students who can benefit from internships. Consider looking for internships in finance or related fields. This could give you the experience you need and help you make valuable connections.

  5. Persistence: Breaking into IB is a challenging and competitive process. Don't get discouraged if you face rejections. Keep applying, keep networking, and keep learning.

Remember, everyone's journey is unique, and there's no one "right" way to break into IB. Good luck!

Sources:

  1. An old man looking for advice
  2. How I Broke Into Goldman IBD From a Non-Target
  3. graduated may 2019 and recently laid off first job
  4. Getting into Investment Banking late
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

It is not too late to break into IB, but with your stats it is highly unlikely. Your best bet is probably to hit up alumni in regional shops to get your foot in the door. You'll be lucky if you can get an interview and if you do get an interview, thoroughly prepare as it might be your only shot.Β 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Sed et sequi ea repellat dolorem eum. Delectus eum officia ipsam consectetur sed aliquam laborum. Similique impedit nesciunt quia quae. Amet quibusdam quis reprehenderit adipisci et aut.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Career Advancement Opportunities

December 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres (++) 99.1%
  • Jefferies & Company 02 98.7%
  • William Blair 12 98.3%
  • Financial Technology Partners 02 97.9%

Overall Employee Satisfaction

December 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 10 99.1%
  • Moelis & Company 25 98.7%
  • Stephens Inc 11 98.3%
  • Jefferies & Company 08 97.8%

Professional Growth Opportunities

December 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres 17 99.1%
  • Financial Technology Partners 07 98.7%
  • Jefferies & Company 03 98.3%
  • UBS AG 16 97.8%

Total Avg Compensation

December 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (34) $390
  • Associates (169) $258
  • 3rd+ Year Analyst (15) $187
  • 2nd Year Analyst (106) $168
  • Intern/Summer Associate (48) $167
  • 1st Year Analyst (322) $166
  • Intern/Summer Analyst (235) $95
notes
16 IB Interviews Notes

β€œ... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
pudding's picture
pudding
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

β€œ... I believe it was the single biggest reason why I ended up with an offer...”