I'm an incoming summer intern at BCG/Bain. I attend a target (MIT/UChicago/Stanford). I unfortunately was unsuccessful with IB recruiting last cycle, and managed to land a consulting offer. I'm dead set on IB for FT, and was wondering how I should structure my recruiting approach given the current climate?
| +185 | Ideal College/Recruiting Timeline | 38 | 1d | |
| +103 | Military Officer vs. IB analyst | 41 | 3h | |
| +75 | Lied on CV? | 56 | 8h | |
| Got fired after 1.5 years as an Analyst, want to stay in Banking but I am confused | 10 | 19h | ||
| +26 | Amazing offer but I’m drowning in debt | 13 | 1d | |
| +25 | Is there a point to networking if you have (nepo)? | 7 | 1d | |
| +23 | How do I go about explaining huge gaps in a CV for Spring & Summers? | 11 | 1d | |
| +23 | Are Single Managers Just Not Hiring? | 10 | 4d | |
| +21 | Job Switch Advice | 6 | 39m | |
| +19 | Trying to break into IB | 7 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Set up some calls with IB professionals at your target firms to see if they can help you out. Or apply online. With your academic credentials and internships, I highly doubt banks won’t interview you.
Can you apply for another SA in IBD?
Dude, how do you end up not getting an IB offer but get a MBB gig? The debate is hot on this but I'd take MBB over even mid-tier BB or low-tier EB. Think through it because sure you're not getting as much money but you'll be way better off and have a much better skillset with MBB than with IB
Also, pretty clear you go to UC Hicago. Did banks think you're just way too smart for them or nerdy or something? Haha just joking. YOu'll do well
Entirely disagree with your advise. Was in the same position as OP a few years ago, but wanted to work in PE long-term so ultimately lateraled into banking. It's infinitely harder to get into PE from MBB (esp. BCG) than from any BB/EB. My mates from uni at MBB who are nearing 2 years are mostly looking at corporate roles/b-school now. Career trajectory is better from banking.
OP, follow first poster's advice, stay connected with IB contacts. I got interviews at most banks I knew people at.
The real question is that if he is set on PE or HF then fine IB all the way. But if he wants optionality outside of that, MBB will prepare you and have the pedigree for that way more. More people in general know MBB than Credit Suisse.
MIT Uchicago Stanford. One of these things is not like the others.
Sorry, had to.
Advice part: I’ll tell you that it will be very difficult to lateral from a non-IB non-finance role, but obviously MBB is highly respected and that will help you. The hardest thing is that the lateral market this year be very very limited. More banks may follow with automatic FTOs and banks staffed their summer classes before covid so they probably have more than enough SAs for the number of FTs they want.
All three are extremely different schools in any case. Odd combo for OP to put together.
Commonality I can think of is elite schools, very academic, finance isn’t front and center (obviously recruit lights out anyway)
Not OP, but was curious by this first part. You mean MIT right? Stanford/UChicago place lights out in IB/MBB every year, and are listed equally on the latest college rankings list. MIT students do not place into IB/MBB at proportional rates.
Hahaha good point, they are quite different for IB purposes. But I was saying Uchicago doesn’t fit in. Despite what US news says Stanford/MIT are on another level
lol FOH intern uchicago is an absolutely elite school...
Yeah bro but not Stanford MIT
in the opposite position... want to trade?
Tempora quibusdam eius omnis ut. Asperiores assumenda eum repellat sunt sint. Assumenda sint aliquam officiis quaerat.
Deserunt non dolorem placeat quam. Qui dolor sunt quibusdam ab autem porro excepturi. Quos ipsum saepe atque iste quis quam odit. Vero adipisci commodi esse alias. Sequi vitae odio est reprehenderit eligendi sit. Odio non ut nihil qui nesciunt sed.
Et illo et velit molestiae. Enim possimus et deserunt molestias qui ab amet. Et illo mollitia et consequatur laborum a. Rerum at voluptatem magni pariatur iusto fuga. Nihil quia omnis porro. Corporis distinctio dolorum omnis error perferendis.
Hic ut est quidem atque vel amet dolor. Sed placeat molestiae modi modi sed fuga dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...