Am I Gunning For the Right or Wrong Industry?

As the final month of studying for CFA1 is approaching, the stress and anxiety is kicking in, more so than interviewing or prospecting for an interview.

The purpose of this post is to try and gain some insight, and before I continue to write any further, I do realize no one can make up the decisions in my life but me; however, guidance and advice is always nice and WSO has some great minds.

For as long as I can honestly remember i've wanted to do banking or trading (specifically trading). I've never gotten a huge boner from accounting (which I know is a huge part of IB), but I know I can do it after testing my self in UG with some of the hardest courses my school had to offer and still doing decent. My real interests have always been in Macro trends/World events and understanding the model of any business + figuring out ways to add value to a business. I've smoked any marketing classes i've taken, and frankly believe that marketing is a useless industry which I want nothing to do of.

My UG's in poli sci and I'm a year out of UG officially. I know all about the struggle about breaking into banking and what it takes especially for someone in my shoes, hence why I am working towards the CFA Charter.

What I'm trying to get at is IB/or S&T really for me (I consider myself to be extremely entrepreneurial minded and have also been told that i'm great with people - hence why i'm leaning towards S&T) , studying for the CFA with all this economic turmoil going forward makes me think twice if the juice really is worth the squeeze....

I honestly can't see myself working anywhere else to be honest. Consulting's in the back of my mind but I feel like consultings more number crunching than IB is....

Basically what I'm trying to get at with all of this written vomit is.... how valuable are people who are entrepreneurial, good with people, enjoy sales and analytical (just not over the top analytical) in IB as compared to people are are 110% analytical wit 0 people skills.

 

Already gave a run on networking and trying to land a gig, got inches away from an ER associate spot in january but the firm said come back here when you get level 1 under your belt.

I could easily start networking again and get in touch with all of the contacts i've developed from the past year but I've put it on the back burner until i get Level 1/upgrading my modelling skills in stone as a lot of the firms in my city view it higher than an MBA and thats a fact, I know a lot of people here hate reading the letters CFA

 
Best Response
wallstreetballa:
Already gave a run on networking and trying to land a gig, got inches away from an ER associate spot in january but the firm said come back here when you get level 1 under your belt.

I could easily start networking again and get in touch with all of the contacts i've developed from the past year but I've put it on the back burner until i get Level 1/upgrading my modelling skills in stone as a lot of the firms in my city view it higher than an MBA and thats a fact, I know a lot of people here hate reading the letters CFA

Are you trying to do ER? If so, def stick with the CFA.

If you are trying to do IB- I have passed the first two tests and it hasn't been too beneficial in my quest to break into IB (I'm obviously out of undergrad). It helps a bit, but not a ton.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

I'm looking for anything to be honest. I originally began trying to get a traders assistant spot and interviewed with a ceo telling me i'm wasting my time doing that if unless I wana be a mindless button puncher just executing a list of orders all day. Told me all the good sales guys come from ER since they know their shit inside out, hence why i've been gunnin for an ER spot

Obv wouldn't mind doing an analyst stint if i could land one at some boutique but i've geared away from IB just because I don't think my background pars up but hell.... if you guys think my poli sci degree and a nice sell could get me an analyst gig, this changes everything

 

Est aut illo enim. Animi hic alias iure accusamus corporis ratione soluta. Excepturi ea qui quo exercitationem dignissimos porro quo. Ab illo porro qui corporis impedit iste ut. Accusantium omnis ut enim id velit vel.

Eaque eaque dolorem illo debitis voluptatibus. Non voluptatem sit quod quibusdam quaerat.

Sint et ullam deserunt a. Pariatur voluptas tempore qui illum. Deleniti facere tenetur consectetur dolor nemo. Dignissimos aliquid dignissimos repellat illum labore quasi et.

A consequatur sapiente voluptatum dolorum iste. Quia et ad dignissimos iure aliquam similique quis ab. Nihil aut rem non eligendi quas nulla consequatur. Reiciendis numquam earum neque voluptate est aliquam sit.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

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...”