How is it going?
I am recent UMass graduate here. Just wondering, How many people are in investment banking in the group? Any advice for those that want to break into the field? Where to begin, and what is the limit?
Not in IB, but in private equity/consulting. Took an unconventional route and skipped IB completely and got into PE from consulting and start-up business development. As far as advice for getting into IB, it's unfortunately heavily based on your numbers and also unfortunately, is that coming from Isenberg, you may need to know someone.
You've already graduated you said, what do your stats look like? Also, what sort of internship experience have you gained? The recruiting process is pretty tight right now for bulge bracket banks. Boutique shops have been doing more hiring as business has been picking up especially in the middle market. What also makes it hard to break into these positions in this environment is the fact that there is an overflow of jobless talent trying to get back into the field. People who got laid off within the last year or so from bigger banks are trying to get any work they can at some of the boutiques, whom are more than happy to take the wall street talent.
As far as your question, 'what is the limit?', I'm not sure what you mean by this.
Best of luck, and glad to finally get some conversation going in the group.
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