I want to be an Analyst but I’m stuck and I don’t know if I’m doing the right thing to get there. Any advice or am I cooked?

A long one so thank you in advance for reading.

A bit about me: Im 24 and I currently work in retail - soon to be store manager - and I plan to do a finance related masters next year September at a Russel Group (RG) University that is a Semi Target (2025/26 cohort). I did an BSc in Economics at a RG uni but didn’t choose that many financial modules which has hindered me when it comes to getting internships (I was unsure on what I wanted to do long story short).

Due to financial difficulties I had to take (what will be) 3 years out to save money for my masters to not only pay for tuition but also afford accommodation and food for myself. I come from a hella poor background so I am funding everything myself.

Over the past two years, I’ve built great rapport and leadership skills that’s granted me the opportunity to be store manager. Along side this, I have invested in CFI’s FMAV course (planning to do all six courses they offer) as well spending a few dozen quid on some Udemy courses on financial modelling and business analysis. I’m putting into practice my knowledge I’ve gained and have started building my own models from scratch, 3-Statement model, DCFs, etc. On top of this, I’ve read books about business strategies and I’ve written a few examples that analyse industries, their strategies, competitors and their strategies, SWOT, PESTAL, etc. (Shoutout to Michael Porter).

I don’t have any internship experience but I have years of experience in Retail/Hospitality and have had senior roles running committees. (I know it’s probably not going to help but just adding for more info).

What would you say would help me most in landing an internship somewhere after I graduate? (Or you can tell I’m cooked and I throw away the analyst dream away 🤣) I will have enough money left over to relocate if need be (I hope I have enough if I have to move to London lol) I know that you need minimum two internships to get a good IB offer, but I unfortunately need to start from the very beginning. What ever advice you have I will follow religiously as I just want the best chances for myself.

Thank you again!

2 Comments
 

Based on the most helpful WSO content, here are some actionable steps to help you land an internship and eventually secure an analyst position:

  1. Leverage Your Current Experience:

    • Highlight your leadership and management skills gained from your retail experience. Emphasize your ability to manage teams, handle responsibilities, and drive results. These are valuable skills in finance as well.
  2. Enhance Your Financial Knowledge:

    • Continue with your CFI and Udemy courses. Completing all six CFI courses will give you a solid foundation in financial modeling and analysis.
    • Practice building financial models (3-Statement models, DCFs, etc.) and showcase these in your resume and during interviews.
  3. Networking:

    • Start networking with professionals in the finance industry. Use LinkedIn to connect with alumni from your university who are working in finance.
    • Attend finance-related events, webinars, and workshops to meet industry professionals and learn more about the field.
  4. Tailor Your Resume and Cover Letter:

    • Focus on your transferable skills and how they apply to finance. Highlight your analytical skills, attention to detail, and ability to work under pressure.
    • Include any financial models or business analysis projects you have worked on, even if they were self-initiated.
  5. Gain Relevant Experience:

    • Look for part-time or freelance opportunities in finance-related roles. Even short-term projects can add value to your resume.
    • Consider internships in smaller firms or boutique investment banks where competition might be less intense.
  6. Prepare for Interviews:

    • Be ready to discuss your financial models and business analysis projects in detail.
    • Practice common finance interview questions and technical questions related to financial modeling and valuation.
  7. Utilize WSO Resources:

    • Take advantage of WSO's financial modeling resources, resume reviews, and mock interviews to refine your skills and presentation.
    • Explore the WSO Company Database to research potential employers and understand their hiring processes.
  8. Stay Persistent and Positive:

    • Breaking into finance can be challenging, but persistence is key. Keep applying, networking, and improving your skills.
    • Remember that many successful finance professionals started from non-traditional backgrounds and worked their way up.

By following these steps, you can significantly improve your chances of landing an internship and eventually securing an analyst position. Good luck!

Sources: How Do I Land Myself An Ibd Summer Intern At Gs, Ms, Cs Etc In Canada?, graduated may 2019 and recently laid off first job, Interview with a Forecasting Analyst, You want a summer analyst offer? Here's how..., Liberal Arts Undergrads: A few tips to land THE internship

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

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