Break into ER

Hello all. 

I am graduating with a Msc in finance from a non target school with minimal finance experience. I have had a lot of failure when it comes to breaking into ER and getting a role. Can anyone offer a piece of advice on what I should to to get an analyst role?

Any feedback is appreciated. 

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 (5)

Jun 12, 2021 - 7:37am

Seriously speaking, aim lower. You made a mistake shelling out money for an MFin at a non-target if you wanted to be FO in an IB.

Maybe try get into B4 (audit/transaction services/corpfin) and think about moving over when you have your ACA.

Jun 14, 2021 - 5:23pm

Network, Network, Network. Send emails and LinkedIn messages to anyone in research you can find, particularly ones that are an alum of the schools you went to. Research is far less structured than banking recruiting (even more so at MM and boutiques) so having someone on a research team at the firm that has an opening can get you into an active search. 

Since you have little finance experience a good way to get a response is to include a model and stock pitch in your emails which will show your both passionate about research and can do the work. 

Jun 14, 2021 - 10:45pm

Stock write-up, attaching a three-statement model that demonstrates you know the business drivers

Network and keep in touch with your connections (sending over articles and sharing your views on stock-moving events in that sector, don't overdo it tho). 

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

Start Discussion

Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (204) $233
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (421) $131
  • Intern/Summer Analyst (340) $82