How to break into investment banking for non experienced

hi,
I'm a recent graduate who did not get a chance to do IB internships in college. currently working as a revenue analyst for an insurance company. my goal is to be in investment banking but my networking and lack of experience aren't helping. I was thinking of doing this job while I study for the GMAT and then go to graduate school for a masters in finance with a focus in investment analysis. what do you all think? anyone been where I been? anyone got any tips for me? people told me to give up and be in the corporate finance field but that's just not me

 

Hi Kay3dly, check out these threads:

  • Off The Beaten Path: Commercial Banking to Private Equity (The Non-Traditional Route) interview course, it offers great insight for someone looking to break into the field from outside ... the only way to get your 'out-of-the-box' resume in the shortlist is for someone at the firm ... via private message. Commercial Banking non-traditional success story Banking to Private Equity ...
  • The route to investment banking for an Accounting Major internship/1st year at a BIG 4 firm, this is one of the best ways to go if you want to break into IB / PE / HF in ... If there are any other routes that accounting backrounds can take to breaking in, please provide your ... For those of you who are accounting majors or accounting/finance and are looking to pursue an ...
  • Breaking into buy-side equity research- my experience research." I came in knowing that sell-side research is likely the best way to break into buy-side research, ... break in? In general, the larger shops tend to have established research associate (RA) programs for ... with any position in finance, networking is your best bet for breaking into this industry, I would say .
  • How to Break into Finance for a Mechanical Engineer? Engineering Why do so many engineers want to get into IB? Preparing for Investment Banking Interviews? The WSO ... looking to break into finance but I can't even apply to entry-level positions at the major banks ... a similar situation? from engineering to wall street full time For an
  • HELP PLEASE. Non Target School, GPA =2.9, MA Student,looking for Adivices and hoping to break into Investment Banking World GPA isn't a good way to break into the investment Banking World, but It hasn't been easy ... points of view on how to handle what should be my next step in getting into investmnt banking. Here is my ... interestd in Investment Banking for a while.... so i knew i nee
  • Non-traditional route into investment banking: what are the chances? I was wondering if anyone would be willing to share their thoughts on breaking into investment ... banking via a non-traditional route. Any thoughts or advice would be greatly appreciated. Thank you so ...
  • How to break into Corporate Banking in Canada? Hey guys, looking for some guidance on my path to breaking into corporate banking in Canada. ... things I should participate in? Lastly, how difficult would you say is it to break into corporate banking ... as opposed to the general investment banking and PE
  • How to break into the buyside post-MBA without previous banking, ER, or buyside experience? Is investment banking still the best path to the ... I think that the established route to the buyside out of undergrad is pretty clear- IB analyst for ... buyside? Specifically, to get into a value oriented hedge fund? If not, what is? I think that the vast ...
  • More suggestions...

Hope that helps.

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

It's all what you make of. You should definitely pursue a MBA, while you work your way up. Just expect to take you 10 years. One of my MD now worked from back office and it took him 8 years to move from a back office role into front office role.

 
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1) Kay3dly There is a ton of info on this site. Would recommend doing some legwork first as these types of questions have been discussed hundreds of times. Just you asking "would anyone know if i would be able to land an investment banking internship if i were to go for my mba, like during my time completing it?" shows you've down 0 diligence at all on IB.

2) Advice given to you by Bill Stern @ Axe Cap is fucking terrible. Join BO and then pursue an MBA? 10 year plan just to break into IB? Are you fucking serious? Better advice is to try working in a more relevant field in finance, whether that be Big 4 TAS, corp. fin., or a boutique IB firm. Work in that role for a couple of years, then either try to lateral or then you get an MBA and join IB as an associate. Max 5 years. I swear to god some of the shit that kid has been spewing on this site.

 

Isn't that the same advice that I gave him, you either do a MBA at top 25-30. Or you can find yourself working in the BO for 10 years before getting into FO. I'm letting him know the two options that he has. At least I'm letting him know that breaking into a FO from a BO role is possible... You do a MBA part time while you work in BO probably speed up the process a bit. When did I ask him to do BO and then pursue a MBA...

 

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