Need guidance on career path - FP&A - IB?

I cleared my CPA (took a fair bit of time), interned for 3 years at a mid-size firm. Did audits there. Wanted to get into an IB. Areas of interest are capital raising, valuations, forecasting, DD, M&A, fund raising, analyst roles at PEs/VCs, Transaction Advisory, Deal Advisory and other similar areas. I tried to get into FDD in the Big 4 accounting firms. Didn't get called for 3 of them. Didn't get selected in the other one. Tried for a lot of IBs and PEs and VCs. After searching for 4 months, in pursuit of IB, I finally got into one of the biggest IBs there are (the biggest probably), but for Fund Accounting. Thought if things work out I'll get a change internally. A few months down I realised it wasn't happening. Gave my CFA Level I, cleared. Started job hunting, but didn't receive a lot of interest from the recruiters of the profiles that I wanted. I quit from there after a year so that I could focus on my Level II CFA. Awaiting results. Meanwhile, I cracked the interview for an FP&A role at a startup (seemed like a good place to work). Now I do not know if this will lead to anywhere or should I just take this as a dead end to the IB dream. I have listed the places I've applied to in the last 2 months and it's come upto about 50 (including boutique IBs and ER roles and what not), so it's not that I haven't tried. I'm 27 so I can't go for beginner/intern roles anymore. I'm ready for a pay cut too as long as it's reasonable. Is MBA the only option now? Also, any guidance on how FP&A roles are or where they lead to or any motivation on that front would be extremely helpful. Thanks!

1 Comments
 

Magnam quod expedita eaque et laudantium. Cum qui dolorum rerum dicta delectus et.

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

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”