At a crossroads...need some advice
Hi All, I'm 37 years old, MBA from 2nd tier school in 2000. Been working in equipment leasing for past 11 years, most of the time doing credit analysis. Have always been interested in breaking into a more higher level of finance. Have interest in investment banking and private equity, but don't know anyone in those fields so not sure how to go about it. Was thinking about going back to school for a masters in accounting and pursuing a CPA in order to strengthen my credentials. I'm worried that my age would be a factor in getting into the upper echelon of finance. Also, looking into going back for another degree but in an engineering field (most likely a BS degree) and then doing the jump to banking/PE (have BA in Psych). I feel like I'm kinda doing things backwards.
Not sure which path to go in. Would like some suggestions on what to do to be able to get into banking or PE at this stage in my career. Have hated leasing with a passion for the last 7 years, but it pays well.
Any thoughts would be appreciated.
Thank you.
I love the part when you say you hate leasing but it pays well. Ask 99% of people in high finance if they like their job. I'd be willing ot bet they'll give you the same answer.
I really don't have any meaningful advice except I really don't think any further schooling will help you in any way, save your money.
Have any connections in IB or PE from school?
No, no connections from school. Got the MBA from a weaker school and most of the people in my class were from overseas and they returned to their country. The school didn't attract any IB or PE companies because it was so weak at the time.
This is harsh but I'll just say it. I do not see it happening. That's just the truth man. I have never heard of someone your age "breaking in."
I hope you do it and prove me wrong, but I just don't think it's even a long shot.
I know a guy that came out of the Marines and went into finance at 37, but his school's network was very strong....
With a lack of connections from the school and also age being an issue, I think it'll be very difficult to break into banking. That being said, you could look at some of the specialized shops and see if you can find anything. Let us know what happens too.
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