Corporate Treasury role at Bulge Bracket to IBD?
Info:
1. BS in Finance from Top 50 state school, 3.85GPA
2. Worked 2 years in management consulting in NYC; helped financial clients with risk management, financial modeling, Treasury reorganizations, fed regulatory requirements (Liquidity, CCAR, etc)
3. Recently received an offer from a Bulge Bracket Bank for a "Treasury Associate" positions. Role would be dealing with liquidity risk management, regulatory reporting (LCR, CCAR, etc), stress testing. The MD mentioned this role is FO and has visibility to the different products/trading desks and get a macro view of how a bank runs.
Question:
1. If my ultimate goal is to be in IBD, would this Treasury role help me in any way to transfer into IBD? I understand IBD is very structured and strict on how they recruit (e.g. straight out of college, MBA)
2. Is this Treasury role "prestigious enough" to get into a good MBA (if considering if I get a good gmat score, recommendations, etc) if I want to break into IBD from the MBA route
Thank you.
Bump
1) Likely not going to be able to switch to IBD directly. Your FO exposure will be on the securities side, not banking, and whenever I've seen treasury make that move it's always been to a desk (which is still rare).
2) Your profile is definitely competitive for a top MBA with the appropriate GMAT and application. Good friend of mine did similar work and had acceptances at Booth, CBS, and Kellogg and is now at Booth. Another had a similar background and had Sloan and CBS acceptances and is now at CBS.
Corporate Treasury to IB (Originally Posted: 02/27/2011)
I am currently doing a Corporate Treasury internship at Research In Motion (RIM). I deal mostly with Forex trading and also do some analysis for cash management. I was wondering how how a Corporate Treasury internship is viewed by IBDs? What would be the best way to leverage this internship to get an analyst position at an IB after graduation? Do they like kids with experience in Treasury?
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