Entering Investment Banking or Risk Management in IB from another sector of financial services

Hi everyone,

I have been interested in working in investment banking since university but when applying in my second and final years, I had no luck. I was fairly well prepared, but just lacked the knowledge and experience, as my university course wasn't finance centric. I am still very interested in transitioning into the risk department of an investment bank, but I cannot see my route in at the moment.

I worked in a central bank for a year for a job placement, where I worked in credit risk reporting for the trading operations, and I now have almost 18 months under my belt working in commercial credit risk for a very large worldwide payments firm, reviewing the international B2B portfolio for what basically is trade finance and working capital optimisation.

I have just sat my CFA level I, pending results and I feel significantly more prepared and more informed that this is definitely the career I want. I took the exam on my own time, with no study leave as I want it to be my bridge into the investment banking sector.

How can I get in with the investment banks and compete with others who have the experience? I genuinely feel like a true asset, but I am lacking the investment banking title on my CV to be seen, and I am unsure of the best medium or platform to use to secure a dream job.

Has anyone else transitioned from a non investment banking role into investment banking at a junior level position?

I would really appreciate some insight, as at the moment I am going in a little blind. Thanks in advance!

Comments (1)

Start Discussion

Popular Content See all

This Fucking Sucks
+48OFFby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Why would any associate+ banker choose a BB over EB?
+29IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
PE isn’t the best way to get into b-school
+26BSCHby 2nd Year Associate in Private Equity - LBOs">Associate 2 in PE - LBOs
Share a day that looked like a Suits/Billions episode
+20IBby Intern in Investment Banking - Generalist">Intern in IB - Gen
What's Wrong with Warburg Industrial & Business Services?
+16PEby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Slow Weeks?
+15IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A

Total Avg Compensation

February 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (158) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (366) $131
  • Intern/Summer Analyst (304) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
NuckFuts's picture
NuckFuts
97.5
9
bolo up's picture
bolo up
97.5
10
Edifice's picture
Edifice
97.5