I'm going to be starting soon at a BB doing interest rates research, although I had originally wanted to go into banking I suspect my GPA was not up to snuff when I was applying for summer positions (it's a long story having to do with language courses). Before accepting my offer, I called several of the individuals who I interviewed with in the past for IBD and asked them if they were going to be hiring full-time, and they said that they were not. One of the MDs I worked with said that they would be able to help me get into trading or banking eventually if I wanted to, but I suspect this may have been a load of BS to get me to sign (trading I believe but I think banking might be more of a stretch, idk).
After a year or two, I was thinking about trying to get into IBD preferably as an Associate since I am also working on the CFA curriculum.
However, the more I think about it, the more I'm coming to believe I am utterly fucked and have no personally desirable exit opportunities because I don't actually research firms.
What do you guys think?
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just recruit laterally...i'm doing the same from S&T, and trying to get into IBD....just network and spin your resume to look as IBD appropriate as possible....if you went to a target, networking with alums and your own buddies from your class should help
I guess my problem is I have no idea how to spin what I'm doing as being in any way related to corporate finance besides forecasting interest rates.
Anyone have any suggestions for how I might be able to pull this off? Would love it if someone from IBD could give me some advice.
Bump.
How hard would it be to join a Rates Research Team at an advanced stage of career with a “mixed” background and without a MSc from an elite uni?
Also what are the networking strategies? Cold call MDs at the bank? I guess recruiters would not be helpful as they don’t tend to work on these roles while bank’s HR departments are inundated with CVs...
rates research tends to either take undergrads from the intern program and grow them...or hire lateral experienced guys from other firms. They typically come from Harvard / MIT and other typical college/universities. This is a coveted role because it is a direct feeder to the macro hedge funds and rates trading desks. While i suppose its possible to get an interview with a networking type connection...that is very rare.
Thank you But when you say Harvard / MIT how relevant is prior (pre-MBA) experience? I assume a MBA with unrelated exp wouldnt be enough in this context...
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