Non-Target, Back-office BB. Realistic Shot at IB via MBA?
Looking for honest takes on my situation. I'm 23, 1 year out of school and currently in a rotational finance program at a BB (think Treasury, Liquidity, Regional Finance). Just got offered FT into a Treasury Liquidity Analytics role with a promotion track at roughly 1.5 years (so 2.5 total). I plan to apply to MBA programs after that first promotion, so I'd matriculate with about 4 years of experience. Also been looking externally and networking internally so that is still possible.
Background: 3.9 GPA (3.76 cumulative, including a rough freshman year before transferring), non-target state school, D1 then D3 athlete. Currently studying for the GMAT with a 675+ target.
The goal is IB post-MBA, ideally M&A or coverage but open to Levfin as Treasury could have good synergies there. I've been networking with FIG bankers and have some interest there, but I'm open to other coverage groups. Also got into Vanderbilt's MSF but am planning on foregoing that as I see the MBA as higher-value long term.
My concerns:
Does a back-office/finance title at a BB hurt you with adcom at T15 programs, or does the brand offset it?
Can I actually build a credible "why IB" story out of Treasury and Liquidity work, or is that a stretch that Adcom will see through?
Do I realistically need a new role before applying to be competitive, or is the trajectory and GMAT enough to carry it?
What schools should I actually be targeting given this profile?
Based on the most helpful WSO content, here's a breakdown of your situation and advice:
1. Does a back-office/finance title at a BB hurt you with adcom at T15 programs, or does the brand offset it?
2. Can I build a credible "why IB" story out of Treasury and Liquidity work?
3. Do I need a new role before applying to be competitive, or is the trajectory and GMAT enough?
4. What schools should I target given this profile?
Additional Tips:
With the right preparation and narrative, you have a realistic shot at transitioning into IB via a T15 MBA program. Keep pushing on the GMAT and networking fronts to maximize your chances!
Sources: Transitioning from Tech Sales to IB, Accounting major, can't seem to break into IB, MSF Class of 2018, Ask mbaMission about Business School Admissions, Q&A: Big4 Consulting to Private Equity, now M7 MBA
Yes this is fine. Most people don't have perfect backgrounds going into MBA. You have a bulge bracket name brand and a finance related job. You just need to demonstrate over the next few years 1) Progression either through promotions or switching into better roles at different companies 2) Analytical rigor 3) Experience managing teams/projects/other people. 4) Craft a story showing why you want to do IB.
Undergrad GPA is good so nothing to worry about there. Take time out to crush the gmat (don't know how the new scoring system translates but with the old one you'd be targeting 730+ with a good quant score). Wouldn't hurt to have some outside involvement as well - some nonprofit or community service (where you made measurable impact/showed leadership - not some check the box once a week thing at a blood bank kids do in undergrad).
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