GS IB Associate
What is the average age at GS IB Associate?
I'm going to Booth MBA next year after working in top management consulting for 6+ years. I will be 31 when I graduate.
Is it too late to go into GS IB as associate?
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No
Ya buddy. You’re old as fuck u geezer
Early 30s fit right in. No sweat. There may be a few VPs younger than you but don’t let age get to you.
There are a couple 30 year old analysts floating around. 30 as an associate is totally fine.
I’m hoping to get there as a 33 year old lol so hopefully not!
Up to mid 30s are fine. A family friend of mine is a MD at a BB and he started in his early 30s with kids lol.
Lolol @ top management consulting firm. Not sure how this helps people respond to your question about age
Someone may have different perspective if they think I will be too old to switch to IB from McKinsey. Point is, I'm giving up an EM role and MBA sponsorship from top consulting firm to try IB. Considering my age, does it make sense for me to make that switch.
If I'm at some Tier2 or boutique consulting firm, then I won't even ask the question on here.
No worries. Ultimately, as others have said above, no real age factor in play to get an IB Associate role out of an MBA. It's way more important that you're personable normal human being (that obviously understands finance and accounting). Having completed the process just under a year ago, your age truly never comes up.
Comically terrible idea.
Quiet Intern! The adults are talking.
The bigger question of why you're doing this:I'd say no, don't do it. Your career track is much better at McKinsey post MBA with 8 years of experience for a senior corporate role (assuming appropriate seniority at mcK and relationships with clients) than at GS.Also, you're forgoing MBA sponsorship which is worth ALOT in the long run (it'll take you the 2 associate years just to break even the ~200k, likely- MAYBE 1-1.5 if you're frugal and bonuses are accordingly high with sign on)Sure, you can career switch blah blah to finance but do you think you can't do this right now? Where do you want to end up in 10-20 years? Why wouldn't you say this in your post, wow I wasted so much time on a post that was made with no effort.
Also why are you getting a booth MBA with ross undergrad. That’s like getting ur MBA from Ross too. Wtf?
I want to try banking because at McK, we never get to work on equity markets or capital raising. I've done couple M&A projects for PE. But mainly CDD, VDD, and little bit of FDD/Valuation. After doing so much corporate growth work, I want to experience real m&a work.
And I'm going to Booth because I failed to get in to HBS, GSB, and Wharton with 3.9 GPA and 780 GMAT (Asian male). Options were Ross, Stern, Columbia, Booth, Kellogg, Haas, and MIT. And Booth ranks #4 in FT MBA program and UChicago has shit ton of professors with nobel prize. So I am not sure what you mean.
I’ve met BYU grads who had 4 kids by the time they made associate… you’ll be ok
Why don't you go to a firm that has better comp? I think I know the answer and I'm not being sarcastic, just curious. Associates at EVR and the like will outearn you by considerable amounts. Over the years it will be a staggering amount of money. GS associates may dog this but I know this for a fact.
So do you suggest Lazard or Evercore?
But I heard only top BB gives you the equity markets and capital raising vs EB. Or am I wrong?
I don't know much about IB industry, so any insights would be highly appreciated 🙏
Oh I forgot you were interested in cap raising...It's not that exciting tbh but then again not much in banking is. Debt and the like is a decent amount of administrative work, updating a simple model, writing a note to your credit committee. Maybe BoA? Heard they pay well. It's just how I feel personally but I don't see much benefit of working at GS for less comp at the associate level. Totally get it for the analysts since it will help their prospects post banking.
Try Evercore if you can. If I'm not mistaken, it's the only independent advisory bank/EB that has a legit ECM, SPAC and debt advisory teams - and get that higher comp relative to BBs.
The average age MBA associate I see is like 28-30 when they start so 31 will be very normal.
Also there are other firms than GS, who pay like shit at the associate level
Is there a reason as to why you are only asking about Goldman specifically? There are 9 BBs and you haven’t started your MBA / recruiting yet
Genuine question
There isn't really a reason. I happened to work with them before at McK. So I just wrote down GS as an example. I'm opened to all BB or even EB. I am just trying to figure out if I should be signing the sponsorship to come back and work for three more years or to switch to IB.
You seem to know very little about the IB landscape. If I were you, I would learn more a lot more about the industry before you enter BSchool.
Yeah. Great call. Any suggestions of materials or books that I can leverage to learn more about the industry?
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