I just signed my offer to start as a first year analyst summer 2014 at which point I will be 25.

"They’re all former investment bankers who were laid off in the economic crash that Nancy Pelosi caused. They’ve got zero real-world skills, but God they work hard." -Jack Donaghy
 
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PhilCollins, could you provide some additional info regarding your path to breaking in at a later age? Specifically when you graduated and what steps you took? Did you go for Masters/MBA/CFA?

I am 23 y/o, will be 24 by February and looking to break into IB or ER.

 

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"They’re all former investment bankers who were laid off in the economic crash that Nancy Pelosi caused. They’ve got zero real-world skills, but God they work hard." -Jack Donaghy
 

28/29 is considered old for any first year analyst, male or female, I believe.

I could be wrong, but I also think the age bias would be greater for women than men. At least subconsciously, I think hiring managers etc would wonder if a 28/29 year old woman would be fully committed, or would want to do things like start a family etc. Again, I could be wrong but I think that kind of bias may exist. However, I'm sure this bias is also surmountable.

 

Totally depends on situation. Can't speak for myself but for those in my class / classes above me, there were some "older" analysts in mid or late 20's. One guy was in the military for a couple years before starting college, a couple worked 1-3 years in accounting / finance before deciding to lateral but still came in as 1st years. It always comes down to having your story straight.

 

There's definitely age-bias. If you're old b/c of Military experience there is a separate recruiting pool for some firms but at my target this process only entailed the first round selection for interviews - which was done separately from the "traditional" students. After, traditional and non-traditional students first round interviews on campus were done together. More often than not, your interviewer is a "traditional" college student but at this point it's up to how you connect - from my experience though, it's an uphill battle. Some firms have a Military-liasons sit in on 'some' of the interviews but again, in my experience, it was only on the superday. I have heard of some firms conducting first-round interviews for former Military over the phone but I have gone through the process at most BB's, MM's and boutiques and this has not been the case for me - however, do not that I did neglect to attend some Military-only networking events so this could be why.

Either way, I look very young for my age, and I hate to admit it but I catered my resume to resemble a young college student and was shocked at how many more first rounds I was able to nab (without going through Military recruiting). Oh, and I'll be starting FT IBD when I graduate next year at the age of 26.

****this is for UNDERGRADUATE students (former non-commissioned Military personnel).. NOT Officers who have gone to west point/the academy and then went to get an MBA****

 

I'm a female starting my FT Analyst position next year and I'm turning 25. I just finished my undergrad, so I'm treated like any 22 year old during recruiting... granted I don't look much older either. Before I landed an offer, I was worried about being too old to break in next year/future years, so after research this is what I came up with:

  • Until mid-20s, you are still comparable to undergrad kids. If you craft your resume well, nobody will know your age anyway until you're hired. Some countries have mandatory military service anyway and undergrads finish around their mid-20s.
  • At late-20s, you'd be compared to MBA graduates... you'll have the experience but no degree to match and no recruiting network to get in.

I always wondered, if you do a 1 year Masters degree (like they do in Europe), do banks consider you as a Associate or Analyst?

 

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