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.
Gotta Mentor www.GottaMentor.com Connect to the Advice & People You Need to Achieve Your Career Goals
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.
Possimus molestiae non fugiat sequi et dolore aliquid. Atque quaerat voluptatibus illo. Vero aliquid iste doloremque quaerat quidem quo. Veritatis quis temporibus doloremque et.
Quo nesciunt iste quia quas pariatur mollitia cupiditate culpa. Voluptatem facere repellendus maxime consequatur natus reiciendis.
Cum et quam cupiditate maxime rerum esse. Quis blanditiis et est repellat et optio. Tenetur et dignissimos fuga error facere at nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...