Career in IB without internship experience/ previous work experience

Hello,

I'm a business administration major concentration in finance. I attend Morehouse College and my classification is a junior. I will graduate college at 19 years old. My expected graduation date is May 2022. After I graduate I would like to start a career in IB. But I do not have a internship in IB for this summer. Should I go get my MBA degree and do internship investment banking while in grad school? What would you do in my situation?

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Comments (4)

Apr 19, 2021 - 11:02am

Since you're so young (congrats on being ahead of the game), I would consider getting a Masters of Finance immediately after graduation. If you're smart enough to be graduating at 19 you have a good shot at a top program and the top MSFs place extremely well into IB-- basically if you want an IB analyst job you will get it if you go to Vandy, USC, MIT, UT Austin, probably a couple other top programs I'm forgetting. Of course this is only advisable if you can afford to take on debt or pay tuition, but it sounds like you are a good fit for this kind of program and it should get you where you want to go.

May 3, 2021 - 6:25pm

I'm not an expert on this-- I entered the industry after undergrad, but I have some friends who are getting MSFs. A quick google search will tell you BC is not quite top tier, more like top 20 but people do get pretty decent jobs-- just a lot of them are more FLDPs and the like than front office finance. I know for a fact the ones I mentioned are going to have some of the best placement rates for investment banking. Try looking up "top MSFs for IB" or something like that and also going on the program websites to see info about their career outcomes.

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