How old is too old for each level?
Working on second masters in quant finance after not liking working in biotech lab. Would rather more people oriented positions like strategy consulting and investment banking. Feel under qualified for associate and too old for analyst. I’m 26. What do I do to get into these career paths? First masters was biomedical engineering. Both schools are tier 1
i'll say 32 for analyst, 34/35 for associate
Generally, there is no such thing as being "too old".
More specifically 26 (likewise for 27 and 28, depending on your graduation date), is not old at all.
Does this depend on field? I’m guessing IB has a younger cutoff than consulting for analyst
In consulting, worked with folks in their late 20's for entry level roles.
In banking, saw analysts in their mid/late 20's as well.
All in all, I wouldn't be concerned about the age aspect and focus on prepping for the roles, my guy/gal.
Thanks
I'll be 28 or 29 when starting my IB stint. I'm also working on a second masters, alongside having work experience in a different industry. I admit this is not ideal, especially because of achieving the financial 'freedom' later than my IB peers (my previous roles were not well paid despite being 'prestigious') but that's fine, not everyone gets all they want so quickly. Getting into IB in late 20s gives you the maturity perspective, something that many younger people don't have. Many people going to IB straight after uni in early 20s tend to get burnt out more easily as this is their first job in a (usually) rather toxic environment so hard to learn how to properly handle that. However, I already know my limits, am more polished due to previous work experience, so hoping to use it to my advantage, especially as I hope to stay in IB for a longer time period than just analyst stint. I'm not saying this is an ideal situation overall, but just trying to share my perspective as an 'older' than avarage prospective IB analyst.
Speaking of an associate role, I do feel you as I had similar thoughts. The reality is difficult though and the banks have strict pipelines so unless you have a good modelling experience and an interest in ER, I am afraid that getting an IB associate position is not that straightforward without MBA. Anyway, good luck
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