How to start a career in your 30's - Stock trader
From the years of 2001-2009 i was a stock trader. However, after the downturn in the market, i left the industry and moved away from New York. Wherby i took over the family restaurant where ive been ever since. I decided two years ago to go back to school and within a couplke of months i will be getting my degree in accounting. I am itching to return to the financial industry. IDeally i would like to get into a hege fund or PE firm however i know the chances are slim to none. That leaves me with IB. I eould lov to hear from some of you of any recommendations you might have as to how i can pursue my goal of getting myself a job at a IB even though i am already 33 yrs old.
I am a FY Associate and will turn 33 in September. Many associates are older than many assume. Because I spent 10 years flying jets in the US Navy, that obviously delayed how early I could switch careers. Regardless of your pre-IB background, associates in their late thirties are not uncommon.
To be completely honest, my age never came up in the recruiting and interview process.
One thing to note, be careful about going into IB as a 'third choice' as it is initially a tough road.
Yes, but from what everyone says on WSO, doing an MBA in your mid to late 30s and then trying to get into banking whether it be IB, S&T etc. is an uphill, if not impossible battle. Is this true? Or is it mainly true for just IB because the process of recruitment is so rigid and the life of an analyst is such that you would be less likely to get hired because you're that much less inclined to pull the requisite all nighters and the screaming?
Just curious. There doesn't seem to be any middle ground when it comes to this topic. Or is there?
I feel the same as you. I have been interested in IB, but living in Ohio and recently turning 35, with 3 kids. I feel that the uphill battle is actually a mountain. I have an MBA and been in the financial services industry for 12 years, I do not think recuitors are looking at me
was it a mba or was it just an accounting master?
in all honesty, PE will be super tough for you given the lack of M&A experience. HF might actually be more of a plausible road if you are a good investor and you can show the PM that you know what you are doing (this requires a lot work and luck even if you are a great stock picker, however. I have heard stories of people breaking into the industry by pitching to the PM directly and got hired, obviously not common by any means).
Starting in IB as an analyst in your 30s is just not smart in general...unless you are getting your MBA and gunning for the associate role.
wrg
How to start a career in your 30's - Breaking into IB (Originally Posted: 07/29/2012)
From the years of 2001-2009 i was a stock trader. However, after the downturn in the market, i left the industry and moved away from New York. Wherby i took over the family restaurant where ive been ever since. I decided two years ago to go back to school and within a couplke of months i will be getting my degree in accounting. I am itching to return to the financial industry. IDeally i would like to get into a hege fund or PE firm however i know the chances are slim to none. That leaves me with IB. I eould lov to hear from some of you of any recommendations you might have as to how i can pursue my goal of getting myself a job at a IB even though i am already 33 yrs old.
Try looking for old coworkers that got along with you and see if they're willing to help you.
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