Why Investment Banking after STEM major?

Hey guys- 

Just for a bit of context- I'm a junior at a target studying mathematics. I got an offer almost a year ago from an EB for SA 2021. At the time, I saw myself as more of a business person- I didn't think academia was for me. I thought IB or consulting would be a great place to start my career, so when I got that offer I took it without thinking twice.

However, now that I'm taking higher-level classes in my major and am doing some research, I'm starting to rethink a lot of those assumptions. I really do enjoy the higher-level quantitative aspects and creative thinking involved in math/economics. Tbh after hearing many of these IB horror stories on WSO, I have started to re-think this whole investment banking thing (maybe doing economic consulting or policy research/academia somewhere). 

I know there are quite a few STEM majors in IB and consulting, so I wanted to ask- why did you choose IB over other, more quant-y fields in STEM, and after working for a few years, do you think you made the right choice? 

9 Comments
 

Engineer here. Was never as great at comp sci as the best coders in my class so top swe position wasn’t in reach and academia was definitely not for me. The high earnings ceiling in finance and possibility of transitioning to a PM role or joining GE/VC down the line was appealing to me when I joined. Ultimately I find the intersection of engineering / tech and finance to be really interesting and want a spot there (PM or GE/VC) so IB is ideally just a springboard for me but also a pretty great “worst case” if i get stuck here.

 

Also an engineer here. I chose IB for the money but regret making the jump. If you enjoy your higher level math classes, I would continue to pursue those. To my surprise, I miss the level of critical thinking and creativity required in engineering. Tons of jobs that pay well, teach you transferable skills (not just limited to finance) and are enjoyable.

Maybe do some research into what career paths you can break into and if they are something you want to pursue. IMO, it's easier to break into IB (MBA, lateral, boutique) as opposed to going from IB into more technical roles. Good luck.

 

No prizes for guessing what I studied at uni. I decided to pursue IB because I didn't want to be stuck in a dead end job living somewhere uninteresting and not being paid ver much and I thought I'd enjoy having clients, the transactional experience and being able to take a much bigger picture view of a company than just what was going on in whatever processing plant I would have been working on. Lucky that I'm in a lean team and have been given some tough scenarios to work through which hs kept my critical thinking skills sharp.

I've not looked back once and I'm much happier than my peers who stayed in engineering, even if that was really what they wanted to do.

Do some research, maybe do an internship in both banking or another career you might like to go into to see which you prefer.

 

Cs major- I made the right choice for me. I like problem-solving and making stuff but I like learning things about the world more. I couldn't ever see myself working as a software engineer long-term because even when I was in college I could never get into learning new languages and cs concepts the same way I like learning about markets, investing, and analyzing businesses. IB is rough but don't regret a thing so far. 

 
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