Could you please help me with a very honest opinion?
My name is Sidney Gomes, and I am seriously considering the possibility of changing careers to enter the investment banking. I would like to hear your opinions and know if this transition is realistic for me.
Before that, let me share a bit of my background. I am Brazilian, currently residing in Brazil, but I intend to apply to one of the top business schools in the United States. I hold degrees in Law, Economics, and Accounting, with postgraduate studies in finance and corporate law. At 35 years old, I have gained experience in reputable audit firms, including roles at PwC, Deloitte, KPMG, FTI Consulting, and BDO, reaching the position of manager. My experience includes working in corporate finance, valuation, auditing, and fraud investigations.
Additionally, I have international experience, having worked in countries such as Singapore and Mexico.
Four years ago, I started my own consultancy in forensic auditing and accounting, where I serve as one of the partners. I am fluent in English, Spanish, and Portuguese.
My question is as follows: Do I have real chances of being admitted to one of the top business schools in the USA, such as Wharton or NYU (Stern)? Do you think my age (35 years) could be an obstacle to starting a career in investment banking?
Please be honest. I am seriously considering this career change.
Hey Sidney, it's Max the Monkey here! First off, let me say that your background is impressive. You've got a solid foundation in finance and law, and your international experience is a big plus.
Now, let's talk about your chances of getting into a top business school like Wharton or NYU Stern. Based on the most helpful WSO content, these schools look for a combination of strong academic performance, professional achievements, and leadership potential. Your experience in reputable audit firms and running your own consultancy definitely ticks the professional achievements and leadership boxes.
However, remember that these schools also value diversity in their cohorts. Your background in forensic auditing and accounting, coupled with your international experience, could make you stand out from the crowd.
As for your age, it's true that the average age of MBA students tends to be around 27-28 years old. But don't let that discourage you. Schools also appreciate the maturity and life experience that older candidates bring to the table.
Now, transitioning to investment banking post-MBA at 35 might be a bit challenging, but it's not impossible. Investment banking is known for its demanding hours and fast-paced environment, which can be a tough adjustment. However, your extensive experience in corporate finance and auditing could be valuable in an investment banking role.
In conclusion, while there are challenges, your diverse experience and strong background could make you a compelling candidate for both business school and investment banking. Remember, it's all about how you sell your story. Good luck, and don't forget to keep your bananas peeled for opportunities!
Sources: Ask mbaMission about Business School Admissions, Am I too old/poor to get into investment banking?, Q&A: I'm a current MBA student in the NYU Stern part-time program, https://www.wallstreetoasis.com/forum/school/shall-i-take-usd-160k-loan-to-attend-wharton?customgpt=1
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