Retail to IB

Hello Everyone,

I have just finished eight years in retail banking and was recently promoted into a role in our business banking division earlier this year. I will also be finishing my MBA in accounting and finance this spring. I work for a major U.S. bank currently and did my undergrad and grad schooling at the University of Michigan at Dearborn. Does anyone have any suggestions or recommendations on breaking into IB? I feel like I am a little behind on the recruiting cycle and feel like I'm throwing darts at the wall. I'm interested in relocating to NYC and have been applying to analyst and associate positions there. Does anyone think I would qualify to be an analyst since my experience is still finance-related and I will have a MBA? Thanks in advance for all the thoughts and help!

 

Don't want to break your will bud but 99.99% it won't happen. Nobody will bring in a 30 year old as an Analyst and you just don't have the experience to be brought in as an Associate. The on-campus recruitment boat has already sailed so GG s to you..

 

Esse tempore hic sint est voluptatem nihil et eos. Optio voluptatem nisi sint quidem a ut sint. Sunt nihil quisquam eum.

Delectus est aut aut praesentium sed. Mollitia ipsa laudantium iusto consequatur. Voluptatibus voluptatem soluta dolores voluptatibus voluptatem blanditiis non molestiae.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”