Am I too late to break into IB ??

Hi,

I know it's a weird or maybe even absurd an question but I am worried If I am too late to break into investment banking. I am 23 now and my Masters in Finance course will start only in Fall 2022. This means that when I graduate I will be 25, so is that too late to break into as a first-year analyst?

Maybe I've not done the proper research and I apologize in advance for that but I have seen some doing their undergraduate(along with some internship) break into IB immediately while there are guys like me who do masters to break into IB.So I know for sure that there will be 21 year olds as 1st-year analysts as well.

Would much appreciate some insight 

Regards

Aibel

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (11)

Sep 30, 2021 - 3:13pm

Hey NonTarget5,

Thanks for response.Im just a noob when it comes to investment banking knowledge.I am late honestly and it kinda bugs me too.Like when I started researching about the field there were juniors who were taking up internships in my college that I was not aware of.I don't have a strong CV and lack relevant experience to apply to IB Grad Schemes.

So,someone told me it's better to go for masters so that I can buy time to apply to some internships and then apply to the grad scheme.Is that the right way ?

Also,Will a dual masters degree(MSc Finance and Management) benefit and make me a better candidate ?

Your insight is much appreciated!

Regards

Aibel

Most Helpful
Sep 30, 2021 - 3:22pm

I didn't find out about investment banking until I was 28. I'd worry less about what others are doing and focus on doing what you can to break in. Chances are, most of those analysts will be out within two years anyways.

Personally, I'd apply to MBA programs over a MS finance. Not that what you are doing is bad, but banks typically favor MBA's over MS Finance.

  • Intern in IB - Gen
Sep 30, 2021 - 8:49am

You are not late at all. I started my two years master at 24 and I will start FT in a EB in London at 27. Nobody cares and asks about your age.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Oct 2, 2021 - 4:21am

FrenchChad13

If you are willing to put in the effort and believe in yourself, you are never too late for anything my friend! 

Hey FrenchChad 13 ,

Thanks for the encouragement, means a lot !

Oct 1, 2021 - 7:48pm

no, genuinely no one cares. i worked at a large BB and there were folks at all age ranges. you cant really tell someones age all you see is your title

have fun working with the useless and hyper political mba associates though. every single one i worked with was a complete piece of shit except for the folks that came from Stanford (somehow they consistently are normal people that want to learn). try to work with someone that went A to A because you actually learn a lot from observing your manager, or work at a smaller firm

Oct 2, 2021 - 10:56am

Totam maiores veritatis atque eveniet ut. Molestiae soluta quos recusandae dolorem et est.

Voluptas fugit laudantium voluptatem eum id modi unde. Aut sed consequatur ipsam nihil repellendus. Sunt illum veritatis sunt asperiores quia ratione cupiditate molestiae. Rerum consequatur maxime nisi fugiat quia et enim.

Possimus et iste eaque beatae optio ducimus error. Nemo autem et et natus. Atque vel aut qui possimus commodi. Voluptates facere vel est iusto eaque et saepe doloribus.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (513) $136
  • Intern/Summer Analyst (393) $83