I graduated with a Masters degree in business (not finance though) from a semi-target in 2022, and currently working in corporate finance for some F500 company. At uni I was a bit clueless on my career path and corporate finance seemed like a good starting point, but I don't see myself here in the long run and really want to move to IB. The problem is I don't know how to do this.
I considered applying for FT analyst roles starting in Sept 2024, but London-based job postings are only for final year students/2023 grads, so I don't quality for them. This leaves me wondering how to break into IB given 1) the tough market for FT roles, 2) 2 years of work experience as of Sept 2024.
I read on WSO that the faster I break into IB the better (unless I want to go through the MBA - associate route which I don't want) but it looks like I'm already too 'old' for the new analyst programs.
What would you suggest then?
- trying to lateral as an analyst through headhunters/networking (to A1/A2?)
- ignoring the requirements and applying for analyst roles for 2024 intake anyway, even though I'm not the recent grad
any other suggestions??
Hey there! It sounds like you're in a bit of a pickle, but don't worry, you're not the first to face this challenge and you certainly won't be the last.
Firstly, you're right that breaking into IB sooner rather than later is generally better, but it's not impossible if you've got a few years of experience under your belt. In fact, your experience in corporate finance could be a valuable asset, as it's given you a solid understanding of business and finance principles.
As for your options, both of the ones you've suggested could work. Lateral moves can be a great way to break into IB, especially if you've got relevant experience. Networking and reaching out to headhunters could definitely help you find opportunities that aren't widely advertised.
On the other hand, applying for analyst roles for the 2024 intake could also be a good move. While these roles are typically aimed at recent grads, it's not unheard of for people with a bit more experience to be considered.
Another option could be to look for roles at smaller, boutique investment banks. These firms often have more flexibility in their hiring practices and might be more open to considering someone with your background.
Remember, persistence is key in this industry. Keep pushing, keep networking, and don't get discouraged if things don't work out right away. Good luck!
Sources: International Student - Chance of getting an IBD internship in London?, Unsure on what to do next or where to go as UK undergraduate, graduated may 2019 and recently laid off first job, After failing to break into IB, what did you do ?
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