Breaking into IB
I’ve been v late to break into ib. studying econs & finance @ non target with only internships in accounting sector. Had to be home to deal with family during 2nd yr summer so couldn’t leave home for an internship. So that time, I did a modelling course on m&a bcs I wanted to familiarise myself with the concepts and do something that somehow relates to what an IB analyst does.
I graduate summer24’ and have gotten 2 rejections from off cycles I’ve applied to, after HV & online assesment, no AC invites even.. I’m on the brink of a downward spiral. Need some advise on what else is required for me to do, to venture into IB. How do I know what am I doing wrong? I’d appreciate any insights or advise from you experienced professionals. Im determined to do anything & everything to make it right. Sounds like a try hard, but I think it’s j bcs of situation I’m in?
Hey there, I can see you're really determined to break into investment banking, and that's a great start! Based on the most helpful WSO content, here are a few tips:
Networking: This is crucial in the finance industry. Try to connect with professionals in the field, attend finance events, and don't be afraid to reach out to people on LinkedIn.
GMAT and Graduate School: You mentioned studying for the GMAT and considering a masters in finance. This could be a great way to gain more knowledge and make yourself more attractive to employers.
Interview Skills: Based on a WSO thread, it's not about being special, it's about not making mistakes. Make sure you have some solid teamwork stories and a good reason for why you want to go into IBD and why you're interested in the company you're applying to.
Keep Applying: Don't be discouraged by rejections. Keep applying to different firms and roles. The more applications you send out, the higher your chances of landing an interview.
Self-Reflection: Try to identify any areas where you might be falling short. Are your interview skills up to par? Is your resume as strong as it could be?
Remember, it's a tough industry to break into, but with determination and the right approach, you can make it. Don't give up!
Sources: Law to Investment Banking (One Monkey's How-To Guide), What do you think gave you an edge over the other applicants?, How to break into investment banking for non experienced, What else can I do?
At this point it’s almost impossible to break in directly unless it’s ultra LMM, it’s a tough market and plus you have 0 experience. Would try for something like Big4 or commercial banking if even you can land that and then try to lateral 2-3 years on the job
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