Breaking into IB from Analytics

apablay's picture
Rank: Chimp | 12

How hard is it to break into IB later in one's career without IB Analyst experience?

I'm currently at a MM direct lending firm on the biz dev side doing strategy and analytics (heavy data focus). I'm also in b-school (not at a 'target' school) but have a high GPA and my concentration is finance.

I realize that if I do want to jump over to IB, then I'll likely have to take a junior (Analyst) role but want to get a sense of a) how possible is this sort of a jump and b) what can I do to maximize my potential for actually landing a job?

Comments (9)

Sep 11, 2019

If your goal was to go into IB, why did you go to a school that wasn't a target?

You're probably going to have to knock on the doors of regional IB shops.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 12, 2019

Thx for the response. I didn't have a stellar undergrad GPA and started working instead. My career, mostly, has been analytics focused specifically within financial services. I'd like to move out of a back office role and into something revenue generating - just looking for advice on how reasonable that would be and any advice on how to go about it.

Sep 12, 2019
apablay:

Thx for the response. I didn't have a stellar undergrad GPA and started working instead. My career, mostly, has been analytics focused specifically within financial services. I'd like to move out of a back office role and into something revenue generating - just looking for advice on how reasonable that would be and any advice on how to go about it.

How strong is the IB alumni network at your B-school?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 12, 2019

Not very strong. I'll have to research more to definitively know, but my suspicion is that I'm not likely to find very many alumni at bulge bracket IBs.

Sep 12, 2019

I feel like the thing that's weird about these roles is, it's not really about how much you want to do it. It's kind of more about what do you bring to the table. The assumption is, stellar pedigree will payoff later down the line (ie more contacts to reach out to to generate more leads).

With the great resources like WSO and other places on the internet, I guess you technically can expand a little beyond that. Maybe you can build a rolodex on the fly if they figure people will simply like you enough from a personality/background standpoint.

So, if you're hoping to just walk in willy nilly, it's not a very high chance. There's a high level of pushback once you're past milestones in your career like undergrad and your first or second year of full-time work, and then after your first year/completion of your MBA.

That's just some perspective from a guy who has been in your shoes.

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Sep 12, 2019

Thanks for the perspective. I've been focusing on networking with folks in the industry that can put me in touch with folks on the inside. I realize that I've definitely passed the milestones you mentioned and so I've been going at it a different way.

Out of curiosity, what is the pushback against hiring someone experienced/further along in their career? Albeit in a career currently that isn't heavily IB focused.

Sep 12, 2019
apablay:

Thanks for the perspective. I've been focusing on networking with folks in the industry that can put me in touch with folks on the inside. I realize that I've definitely passed the milestones you mentioned and so I've been going at it a different way.

Out of curiosity, what is the pushback against hiring someone experienced/further along in their career? Albeit in a career currently that isn't heavily IB focused.

Diminishing return on being teachable.

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Sep 12, 2019

So I guess that makes me SOL

Sep 12, 2019
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