Hey all,
I'm 29 and considering a career move into either IB or ER. I've got a few yrs. experience in bus. development and am now in a valuations role for new development and M&A, I also just passed LII of CFA® .
Am I too old to break into I-banking, and if not, would I come in as an analyst, or maybe as an "experienced" analyst?
Let me know what you think, and also if I would have to take a pay cut originally to break in at a junior level (current base salary of $95k.
Cheers.
Have you considered bschool? That'd probably be the most logical move, then come in as an associate.
Ive considered school, but that then puts me at 33 when Im coming out, and Im not sure I would come in as associate...
Out of bschool you'd definitely come in as an associate. Not sure how you're getting 33 as an age, but that seems more realistic than starting as an analyst.
Most MBA programs are 2 years long, so I'm not sure where you're getting 33 from.
You may be able to sneak in as an associate at a smaller bank given your experience so far, but if you want to work at a BB, you probably need an MBA.
You've got a better shot at ER. There's a definite profile and process for hiring IB analysts at most banks and you don't fit the mold. It's not an impossibility that you could get an analyst or associate job, but not likely in my opinion at a decent size bank.
ER doesn't have a set mold or hiring time for an associate.
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32 as an associate at an investment bank isn't terribly old. Especially considering your other options and the fact that you've just been milling around for 8 years after college. And not quite sure what made you believe that MBA hires would come in as analysts...better do some research before applying to B-schools to sound more informed.
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