How to break into IB?

**A little background on myself: **
Graduated with a bachelors in Finance in December of 2017. Had no banking internships throughout my undergrad years as my school wasn't a target IB school (Even though I graduated with a 3.86 GPA). After graduating I managed to land myself a spring internship at a boutique bank through networking efforts, however, that only lasted from January 2018-May 2018. I went on so many Banking interviews during my time there and after, however, I did not secure any offers. Most of the feedback I received was that the other candidates had more experience than I did, given that I was at the boutique for some months. So after failing time and time again, I decided to accept a Valuations role at a middle market firm in NYC to gain more experience with financial modeling and valuation.

I need advice on how to break into banking in NYC/how to approach recruiting and what type of banks to target. Also, any advice on when to start looking is also helpful. I feel that lateral hiring will give me no luck as I have less than a year of banking experience. I decided to study for my GMAT's in the meantime in case I can't break into banking now. Any advice would be helpful because I still want to pursue my passion, which is Banking. Thanks for the help!

 

Doloremque ut dignissimos assumenda sed aut est laboriosam. Repellat amet amet quia sed in. Non excepturi optio reprehenderit cumque rerum perferendis dolor deserunt. Reprehenderit at sequi molestiae earum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”