How To; I-Banking
I apologize for my LBO thread. It is obvious I knew very little compared to you guys.
I'm at UT-Austin. I might want to change career paths. Medicine to i banking.
First, I need to graduate and land an analyst job. Work there for three years.
Attend a great business school.
Get hired as an associate. Third-year associates earn 260-500K, according to careers in finance. Is that where most people top out, or do they work their way up to VP/Director/MD/Department Head.
Thanks for any help. Please, serious responses.
... What are you asking exactly?
How do I land an associate job out of undergrad from UT-Austin?
one step at a time
first focus on IB analyst stint
you can apply to those positions directly out of undergrad, try to get some relevant work experience during an internship
Obvious troll is obvious.
Focus on Analyst out of UG.
Steps:
There are variations to this, but this is pretty basically what I've seen. (I had a Big 4 job offer basically guaranteed and I went conservative and took it. I'm now off-cycle recruiting and many of the steps are the same but I don't have the benefit of OCR.)
To answer your question above, everybody is different. Some people cap after analyst and move into PE or HF or CorpFin or get MBA. Associates often join post-MBA and are there for a longer term. Don't worry about anything post analyst level. It's hard enough to become an analyst; you can figure out the rest later.
You want to know how to land a job? Go to the MDs office uninvited on the week leading upto the close of the biggest deal of the year and ask for 10 min because you have a few questions about firm culture.
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