Current High School Sophomore Seeking Advice
Hi! I'm currently a high school sophomore in Maryland. I don't know if it's too early for me to be "locking in" on IB for a prospective career but that's where I've been leaning. Some questions I have are:
1. How vital is it to get into a "target" school?
2. If I was to not get to a target school and instead went to a non-target (Ex. Robert Smith School of Business) would I still have a decent shot at getting to a top bank by working my ass off?
3. To those who are currently working in the industry, has it been worth it? Whether it's the pay or you just generally enjoy IB, do you feel satisfied?
Thank you to anyone who took the time to read this!
Based on the most helpful WSO content, here's what you need to know about your questions regarding a career in investment banking (IB):
Importance of Attending a Target School: Attending a target school can significantly enhance your chances of breaking into top investment banks due to the strong alumni networks and the active recruitment pipelines these schools have with major financial institutions. However, it's not the only path to entering the industry. Being at a target school means you're also competing with highly qualified peers, which can be challenging.
Opportunities from Non-Target Schools: Yes, you can still have a decent shot at getting into a top bank even if you attend a non-target school like the Robert Smith School of Business. The key is to excel academically and take leadership roles in relevant clubs and activities. Networking will be crucial; you'll need to be proactive in reaching out to alumni and professionals in the industry. Some non-target schools have specialized programs or clubs that have strong placement records into top firms, so getting involved in those can be particularly beneficial.
Satisfaction in the Investment Banking Industry: This can vary widely among individuals. Many find the compensation in IB to be very rewarding, which can make the demanding hours and high-pressure environment worth it. Others enjoy the fast-paced nature of the work and the intellectual challenges it presents. However, it's also common for professionals in the industry to experience burnout due to the intense demands. It's important to consider both the financial and lifestyle aspects of a career in IB before deciding if it's the right path for you.
Remember, it's great to start thinking about your career early, but also keep your options open and explore different interests as you progress through your education.
Sources: Target students who don't make it, Target students who don't make it, The Case for Choosing a Non-Target, The Non-Target Curse, Should Successful students at "non-targets" transfer to targets?
Just worry about getting into a good college.
Stuff like this is kinda crazy - a high school sophomore set on IB??? Take a breath, go enjoy your high school days, and worry about IB when it actually matters - nobody should be stressing about IB while in high school.
I think the best thing you can do right now is focus on HS and maybe explore the finance/econ subjects that will be the bulk of your classes in UG so that you’re positive that you want a career in the finance industry.
Do it in your free time, maybe in the form of summer classes at your local community college.
During HS and even in part of undergrad, I had obsessions with computer science, advertising, wealth management, and now I’m fulfilled working in real estate development.
What I’m trying to say is, there’s no need to “lock in” and think about everything IB, as it’s possible you’ll have a change of heart, and that’s totally fine and normal.
Do some exploring first; you’re still very early in the game.
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