Bulge Bracket Internship at 45... Long Shot?

Hugh68's picture
Rank: Chimp | 2

First off, I'd like to thank everyone for providing such helpful advice and insights throughout this site. I've been in public accounting for over 20 years now, and am considering a rather drastic career change. This site has provided much needed background to help me refine my goals, and I thank you all for that.

About me (long story short):
- Graduated Summa Cum Laude from Harvard (class of 1990 with a BS in Business Administration)
- Married in 1988, had my first child in 1989
- Started a long career with Touche Ross (which merged into today's Deloitte & Touche) in 1990, during which I specialized in the audits of small to mid-size industrial manufacturing entities. I am currently a Senior Manager, and have client engagements ranging from a regional tire retread plant in New Mexico to a lumber processor in Georgia. While it's been a fruitful and interesting journey, 3 years ago I was told that I'm not likely to become a Partner, and began to look to get out of the audit game!
- I was recently divorced. With the kids out of the house, and no wife to answer to, I'm ready to take on a more aggressive and rewarding career, and have settled on I-Banking as the avenue to do so.

So, I'm looking to leverage my experience as best I can, and am looking for internships in I-Banking. I'm not willing to settle, and would really only be interested in GS, MS, etc. I'm currently located in Albuquerque, NM, and will consider relocation given the right compensation package.

Any tips or experiences you all can relate would be much appreciated! I'm just looking to find out where to start.

Regards,

Hugh

Comments (12)

Jul 28, 2013

Can you bring clients to the table? (Harvard undergrad biz degree? "Consider" relocation? lol)

Jul 28, 2013

I think it is a long shot unless you can bring in clientele, as the above poster mentioned.

A few years ago supposedly Sequoia Capital (VC) said something along the lines that they wouldn't hire anyone above 30

Jul 28, 2013

since when does Harvard offer business administration to undergrads?

Jul 28, 2013

i'd look for a vp gig with committed book, lots of banks will take you. quick question, they told you 3 years ago you weren't making partner...what the hell have you been doing since then?? reading wso?

If the glove don't fit, you must acquit!

Jul 28, 2013

"currently located in Albuquerque, NM, and will consider relocation given the right compensation package."

this made me lofuckingl so hard

If the glove don't fit, you must acquit!

    • 1
Jul 28, 2013

troll

Jul 28, 2013

solid troll id say

Jul 28, 2013
mb666:

I think it is a long shot unless you can bring in clientele, as the above poster mentioned.

A few years ago supposedly Sequoia Capital (VC) said something along the lines that they wouldn't hire anyone above 30

Maybe not for the junior staffers. I don't think age is much consideration when they bring in directors/partners/entrepreneurs in residence.

But yeah, the OP would be advised not to try start as a conventional internship. Perhaps he can work out an arrangement with some entrepreneurial boutique where he gets to leverage his existing relationships and skill sets to bring in and close deals and get a cut of that. Sort of eat-what-you-kill. Maybe they will pay you a modest base/draw in the meanwhile.

Jul 28, 2013

"I was told that I'm not likely to become a Partner, and began to look to get out of the audit game!"

So since your not becoming partner you want IBD. With the amount of experience you have, why not start your own accounting firm. You clearly got the relationships.

Jul 28, 2013

if you graduated from harvard and still couldn't even make it to partner at a public accounting firm, i kind of doubt you will be able to break into ibd, especially at the age of 45

i'd recommend you look into hedge funds or asset management firms instead- that, or start your own business

happy to give advice; no asking for referrals please

Jul 28, 2013

also, sorry about your wife and kids

happy to give advice; no asking for referrals please

Jul 28, 2013
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