How do I break into IB

Breaking into investment banking (IB) at 19 with your background is absolutely possible, and you're not too late in the game. Based on the most helpful WSO content, here’s a roadmap tailored to your situation:

1. Leverage Your Current Experience

• While your internships in policy and renewable energy research may not seem directly relevant, you can frame them strategically. Highlight transferable skills like:
  • Analytical thinking
  • Research capabilities
  • Problem-solving
  • Any exposure to financial modeling, market analysis, or strategic planning
• Emphasize how these experiences have shaped your interest in finance and IB. For example, if you worked on renewable energy projects, you could discuss how you analyzed market trends or financial feasibility, which ties into IB skills.

2. Focus on Networking

• Networking is critical for breaking into IB, especially if you’re coming from a non-traditional background. Start connecting with alumni, professionals, and recruiters on LinkedIn. Target:
  • Middle-market and boutique investment banks, as they are often more open to candidates with diverse experiences.
  • Professionals in renewable energy or policy-focused IB groups, as your background could resonate with them.
• Attend virtual or in-person networking events, and don’t hesitate to ask for informational interviews to learn more about their career paths.

3. Build Relevant Skills

• Your CFA Level 1 preparation is a great start. It demonstrates your commitment to finance and will help you stand out.
• Consider taking financial modeling courses or certifications. Many WSO users recommend online platforms or bootcamps to build technical skills like:
  • DCF modeling
  • LBO analysis
  • M&A deal structuring
• If your university offers finance clubs or case competitions, join them to gain hands-on experience.

4. Secure Relevant Internships

• Aim for internships in corporate finance, FP&A, or boutique investment banks. These roles can serve as stepping stones to IB.
• If you’re struggling to land IB internships directly, consider roles in Big 4 advisory, valuation, or even commercial banking. These experiences can help you pivot into IB later.

5. Don’t Compare Yourself to Others

• It’s easy to feel behind when you see peers interning at MBB or Goldman, but everyone’s path is different. Many successful IB professionals started with non-traditional experiences or pivoted later in their careers.
• Focus on building your unique story and showcasing your passion for finance.

6. Plan for the Long Term

• If you don’t break into IB immediately after undergrad, consider pursuing a Master’s in Finance or an MBA from a target school. These programs can provide a second chance to recruit for IB roles.

7. Turn Stress into Action

• Stressing is natural, but channel it into actionable steps. Create a timeline for networking, skill-building, and internship applications. Break your goals into manageable tasks to stay focused.

Final Thoughts:

Your prior experience isn’t a waste—it’s part of your unique story. Use it to differentiate yourself and show how it has fueled your passion for finance. With the right strategy, persistence, and networking, you can absolutely break into IB. Keep pushing forward!

Sources: A Guide for Switching From Commercial Banking to Investment Banking, How to break into investment banking for non experienced, How important is it one come from a rich family and be younger with regard to being hired as an Investment Banker?, Transitioning from Tech Sales to IB, In my early 30s with no direction