Almost 40. Want to join IB. Is it possible?

Hi everyone.

I'm a US Navy Veteran who is almost 40.  I've been working on Construction Project Management, Operations, and Leadership roles for over 12 years.  I'm also currently in an Executive MBA program.  I'm looking to pivot into IB, knowing I'd have to take orders from younger people and that it requires ridiculous hours, hard work, and has a steep learning curve.  I'm a workaholic by nature and already put in about 10+ hours a day wherever I go, so to me this doesn't matter.

Out of all of the fields I've found, this is the one I'm most interested in and willing to go all-in on.  My coursework in my MBA program (top 10, 2024) is definitely steering me toward IB or Consulting, although it seems people are telling me age is a big deal.

Does anyone have any tips or know of any cases of successful hires past the age of 35 they can refer me to?  I know there is a lot to learn -  I just need the opportunity.

Thank you.

20 Comments
 

Based on previous WSO threads, here are some insights and tips for someone in your situation:

  1. Age and MBA:

    • There are discussions on WSO about age and MBAs, particularly the thread titled "Is 35 too old for full time MBA and post-mba investment banking?" It suggests that while age can be a factor, it is not an insurmountable barrier. Your extensive experience and current Executive MBA from a top 10 program are significant assets.
  2. Experience and Transition:

    • Your background in Construction Project Management, Operations, and Leadership roles can be valuable. Investment banks look for diverse experiences, especially those that demonstrate leadership and project management skills.
    • Highlight your military background, as veterans often bring a unique perspective and strong work ethic that can be appealing to employers.
  3. Networking:

    • Networking is crucial. Engage with alumni from your MBA program, attend industry events, and connect with professionals in the field. Finding a champion or mentor within the industry can significantly boost your chances.
  4. Success Stories:

    • There are examples of individuals transitioning into investment banking later in their careers. For instance, the thread "Possible Options for a 55 Yr old (Not me, my buddies dad)" discusses a similar scenario where someone with a diverse background, including an MBA and experience in corporate development, successfully transitioned into investment banking.
  5. Preparation:

    • Utilize resources like the WSO Investment Banking Interview Prep and Financial Modeling Resources to prepare for the technical aspects of the role.
    • Consider mock interviews and resume reviews by professionals to ensure you present your experience and skills effectively.
  6. Mindset:

    • Be prepared for the challenges, including taking orders from younger colleagues and the demanding hours. Your workaholic nature and willingness to learn will be advantageous.

In summary, while age can be a consideration, your extensive experience, current MBA, and strong work ethic position you well for a transition into investment banking. Focus on networking, leveraging your unique background, and preparing thoroughly for the technical aspects of the role.

Sources: Is 35 too old for full time MBA and post-mba investment banking?, Am I too old/poor to get into investment banking?, Is age a problem in Investment Banking recruiting?, In my early 30s with no direction, An old man looking for advice

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I try to reach out on LinkedIn to people for coffee chats.
I also work with the recruiters and look for local or campus events.

If I do use the phone, who should I be reaching out to?

 

Thank you for your service and whoever says no just bc of your age is a jackass

Good luck

 

Thanks.
I'm looking exclusively for Investment Banking or Private Equity.
However, I don't have the financial "work experience". 

It's already a competitive industry and there's generally a pipeline where they recruit students fresh out of school.
I think it's a low recruitment rate to begin with plus there's attrition as well.  So you could very well have about a class of 300 students competing for 20-30 spots, and that's just among young people with no experience at all.

 

You should have gone to a FT MBA program over an EMBA, but yes it is possible. 

"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
 
zspron

I agree.  Unfortunately at this stage in life, the income loss was not affordable.

You could have used your 9/11 GI Bill to pay for a FT MBA.

"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
 
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