Hello advice needed ! i'm new !

Hi, there everyone I am new to the WSO forum. A bit about me. I am living and studying in London currently at a target business school called CASS business school and my degree is in Investment and financial risk management. I have just completed my first year of studies however my final exams got canceled due to corona. I decided to make a WSO account because I have 0 ideas of what to do career-wise. our university teaches us a lot of stuff but does not delve too much into the different types of sectors etc (i assume they were going to do that this term lol)

So essentially I have 3 main questions to ask you guys today, as I am sure you're much more knowledgeable than me. So essentially the idea of IB / PE / HF / VC all appeal to me actually and all seem interesting in their own rights, however, private equity seems to interest me the most. Unfortunately, I have heard it is very very very very x10^27 difficult to get into and so usually they don't hire from undergraduate but rather just recruit from people who have done the IB analyst program. Since my business school and course, in particular, are quite good at churning out graduates that land roles at IB analysts especially banks like GS, JP Morgan, Morgan Stanley, etc, I was aiming to go to one of these.

My first question is how do I go about getting an internship next summer? I already jotted down some ideas such as do insight days, insight weeks, show them my track record for trading as I do some trading on the side as a hobby. I also just done a few excel/python courses online. However, I still feel these are not enough for the IB internship at a BB IB. any suggestions to land that second-year internship at either a PE or IB firm - should I do a course in LBO models?

My second question is regarding what to do after my undergraduate. do I pursue an MBA and do a CFA as well. or should I do something that's more in 'modern' such as a computational finance masters /data science masters that incorporate algorithmic trading / R as well as stochastic financial modeling methods and do this with a CFA? I know I'm young and stupid so what I might say next is controversial but MBAs seem overrated to me. it's literally just the first-year content of a management/finance/accounting/econ degree stuck into one year but banks and PE and Hedge funds seem to love them a lot.... so TLDR MBA + CFA or data science/data analytics + CFA.

My last question is, what if it all goes to shit... say I don't do as well as I have been doing and something terrible happens to my grades and I get a 2:2 in the future. is there a way to get into IB from a different job? what other types of jobs are out there that are not PE / HF / IB that are lesser paid but can be a 'springboard' so to speak to eventually get into IB etc. I know someone that got into Goldman after working for a long time at Deloitte. is this common?

Sorry for the long post, but thanks for reading it all

 

Laudantium error voluptatem quis id occaecati iusto. In fugiat voluptas quod repellendus sed alias.

Maxime aut aspernatur sit. Voluptates est repellat tempora nemo vero. Quidem sunt voluptates numquam. Accusantium eligendi optio omnis nam soluta. Iste iure illo quia. Quo enim vel et voluptatem et ut.

Soluta occaecati ut sint illum nostrum quis. Sed rerum rerum quis amet sequi officiis.

Quia repellat vero labore esse aut sint. Quas vero enim unde omnis nostrum at quo.

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

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”