Can an MBA help me get into Investment Banking?

naveenn28's picture
Rank: Chimp | 9

I currently have a operational background that supports sales and trading and I have done this for about 10 years in NY. I am considering going to a top tier business school to get my MBA. Will this help with my chance of getting into investment banking?

Comments (9)

Best Response
Feb 28, 2018

If you even need to ask, good luck getting into a top MBA.

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Feb 28, 2018

Of course.

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Mar 15, 2018

Hi naveenn28 as per my idea most of the MBA graduates are choosing to go into investment banking and investment banks are hiring fewer MBA graduates and in turn banks have closed off their markets divisions to MBAs and now mostly hire them only for IBD. Instead, banks are hiring Masters in Finance students or graduates at analyst level and training them up, as per my knowledge most of the banks hire from the world's top MBA schools, i think your previous background is not a main criteria.

Thanks

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Feb 28, 2018

You cannot be serious. BBs and EBs hired a ton of MBAs from Stern last year. Check LinkedIn. In fact, it's now a little easier to get IBD from even a 2nd tier MBA unless you're anti-social. The real difficult area to get into is consulting and non-Amazon tech (like Google and Apple)

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Mar 16, 2018
Chloeface007:

You cannot be serious. BBs and EBs hired a ton of MBAs from Stern last year. Check LinkedIn. In fact, it's now a little easier to get IBD from even a 2nd tier MBA unless you're anti-social. The real difficult area to get into is consulting and non-Amazon tech (like Google and Apple)

first phrase is right, but sorry your validity goes down the tubes right after.

banking is good when deals happen in a good market. In shit markets where IPO bond issue M&A are all cash strapped, it won't hire as many.

Haven't heard the dip down low to 2nd tier MBAs yet - there is always more MBA than jobs open at the first tier.

the MS Finance hoax is simply people who can get paid as cheap as undergrad with a master's degree. stickier because their MBA path (if there is one) is longer.

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Mar 19, 2018

Yes, a top business school will be your only real chance at breaking into IB at this point. Your background is fine, my only concern would be your age. The average number of years of work experience at top bschools is 4-5 years, and the guys who have 10 years usually are military/unique backgrounds.

Also, if you want to do banking I would recommend a full-time MBA program and not a part-time or executive MBA. If you are 100% set on banking, apply to top 15-20 schools and see where you get in.

Mar 19, 2018

that's the idea

Mar 20, 2018

A top tier MBA will certainly open the door to investment banking jobs. But the more important question here is whether or not you can get into a program where banks recruit for IB roles. As others have already mentioned, you have significantly more experience than a typical student at most top programs. Further, a back office job in S&T operations isn't a particularly strong work experience for the top programs. So right now you need to take a more in-depth look at your profile and figure out what type of schools you might be able to get into. After this you need to look at the employment reports for your target schools to see if they send students into IB.

Mar 22, 2018
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