From TS to IB/M&A/PE with considerations

Good evening!

I began my career on a challenging note, having faced difficulties during my high school years. This shadowed my early years, but today's circumstances are quite different.

Following a period of struggles, I embarked on a bachelor's in Economics at a middle-tier university. My motivation led to academic success, and eventually, an exchange program at a highly esteemed university (NUS). During this time, fields like IB, M&A, and PE were not on my radar, so I didn't pursue any internships - a decision I now realize was a major mistake. At this university, I pushed myself to excel academically, achieved a competitive GMAT score of 700+, and engaged in extracurriculars to enhance my CV. Some sort of a miracle occurred, and I landed at XXX, considered to be the best business school in EMEA according to a famous newspaper.

My time there was transformative. I was introduced to the dynamic world of deal-making and developed a passion for it. However, given my unique journey and the current economic conditions, breaking into M&A proved challenging. Fortunately, I secured a position in M&A Transaction Services at a Big4. I just started. With both an undergraduate and postgraduate degree and this first professional experience, I find myself at a crossroads.

Being a recent graduate, I'm in a challenging spot: I'm past the stage where internships are typical, yet I may not have the breadth of experience that some graduate programs seek. It is hard to land an internship without some sort of internship agreement from a university. Of course, I'm applying to famous boutiques (such as PJT partners, PWP, Rothschild, and William Blair to name a few), and to famous BB (you guys know them). But not only. I understand really well that a person like me is not going to secure the next Investment Banking Analyst position at Morgan Stanley. I am realistic about my prospects, but still exploring every avenue.

For those who have navigated a similar path, I'd appreciate insights on bridging the gap from TS to M&A/PE without traditional internship experience. Here are some strategies I'm considering:

  • There are entities that provide internship agreements, though the legitimacy of some is debatable. I'm unsure how potential employers would view this approach.
  • I'm open to opportunities beyond my current location and am exploring various financial hubs (London, Amsterdam, Paris, Brussels, Hong Kong, Singapore …).
  • Networking is on my agenda, though fruitful connections have been sparse thus far.

Thank you for reading me.

1 Comments
 

In adipisci ut dolorem corporis voluptatem dolorem nemo sit. Optio est itaque voluptas sint voluptatem autem qui. Ducimus qui ut et doloremque consequatur esse.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”