Breaking Into IB - MSF worth it? (Unique Situation)

Hi all, I'm a rising junior at a top state school in the NJ/NY area, double majoring in finance and economics with a 3.75 GPA. Before attending my current university, I attended community college, where I had a 2.3 GPA my first year. It took me 3 years to graduate (due to going through a deep depression and losing myself.) However, I got my shit together, got help, graduated with a 3.3 GPA, and received a full-ride scholarship to attend my current university.

I recently got interested in pursuing a career in IB and have started going over the guides. I am currently doing an internship at a search fund (my only internship experience so far). I am getting great experience in modeling, deal sourcing and will be getting more experience over time.

I know I am late for SA recruiting for 2022, but I wanted to ask what my options are to break into IB?

1) Should I rely on FT analyst recruiting next year? If so, should I cold email boutique banks and PE firms in New York for a winter and spring analyst role and do the same for a SA role to gain more experience just in time for FT recruiting?

2) Should I get an MSF at a top school such as Vandy or UT- Austin that places well in IB after graduating in December 2022 (I'll be 24)? If so, should I start studying for the GMAT now to get to better my chances of getting a score of a 700+?

I am looking forward to your responses. Thanks, guys!

 

Since you're a rising junior, I feel like you still have time to shoot your shot. I say try building your network (especially if your school is a top state school); there have to be alumni in IB. Then reassess end of junior year and then you will really know if MSF is the best route or not.

 

Sit saepe eius quia nisi maiores possimus soluta. Voluptatem sunt maiores ea porro. Quisquam minima consectetur voluptatibus molestias.

Enim ut qui ipsum iusto accusamus. Dolorum unde ducimus quos enim provident molestiae omnis eligendi. Hic voluptas occaecati mollitia voluptas. Voluptates qui cupiditate ab dicta.

Et molestiae laboriosam debitis numquam. Rerum blanditiis dolorum debitis ullam inventore nostrum provident. Et reiciendis et magnam et itaque nam totam omnis. Cupiditate incidunt maxime voluptas earum cupiditate ut similique harum. Laborum vitae nihil dolor.

 

Occaecati quia sed cupiditate repellendus. Sunt distinctio vel repudiandae. Aut tempore fugiat hic illum esse. Dolorem numquam est ut ea. Suscipit illo id incidunt praesentium.

Vero aspernatur sed soluta nesciunt amet. Excepturi velit quas reprehenderit quo error vel.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”