I'm NEW!

Hello everyone,

I am a 24 year old student and of course I hate my current job. I want to become an Investment Banker after wasting 3 years studying Nursing. I  wanted to know if you guys had any tips on school, coursework, etc. I encourage all onions related to entering this field whether they are good or bad. Imagine this... if you could offer any advice to yourself back when you decided this was the career path you wanted to take. What would it be?

I am currently working on my BA in Business with a focus on finance. I am not at a target school! In fact, its an online degree! I am a single African American woman who comes from the poorest of all poor backgrounds. Please feel free to be blunt and critical. 

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Comments (8)

  • Intern in IB - Cov
May 31, 2021 - 1:32am

Your odds aren't looking great. Given your unorthodox career path, you'd need a damn good reason to want to go into Investment Banking ... and I didn't see any evidence of you having a reason in your post.

May 31, 2021 - 1:39am

I would definitely temper expectations here. The odds of landing a decent IB job given your opportunity set are basically zero. Maybe shoot for a business/M&A brokerage to get your foot in the door? As the above poster said, it seems like you don't have a great reason to want to pursue IB which is obviously something to think about as well

Most Helpful
May 31, 2021 - 3:12am

Hey! I have little information that's tried and true but from what I've seen work:

  1. Laterals are your best friend, regional boutiques that take a chance on you or a valuation team at a big 4 can easily push you through recruitment into a MM or E/BB . It's still gonna be hard, but networking is an amazing thing. Linkedin cold calls and all that.
  1. If you get a job in FP&A or asset management don't fret! They're still amazing opportunities, and a lot of my friends are going into those fields. If you REALLY want to do IB afterwards, get an MBA. Think of masters programs as a reset button. Study your ass off and get that target school.
  1. Note you have a lot of things stacked up against you. You need a good story on why you want IB more than just money.
  1. Early insight programs are cool, making a good impression is how I got to my MM shop.
May 31, 2021 - 1:37pm

I think your first step is to get into a decent FT undergrad program and then leverage that network to get interviews.

It is unlikely you'll get into IB from there, but hopefully you can get a decent finance job and if you still want IB, go to a top MBA program and you'll finally have a real shot at getting into IB.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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  • PM in HF - EquityHedge
May 31, 2021 - 1:47pm

The people here are vastly underestimating how important your sex and race will be in recruiting. Recruiting while black or a woman is easy mode, and you check both boxes. Join a few clubs, study up, and you're set. No reason you can't work at a decent BB 

May 31, 2021 - 2:02pm

The people here are vastly underestimating how important your sex and race will be in recruiting. Recruiting while black or a woman is easy mode, and you check both boxes. Join a few clubs, study up, and you're set. No reason you can't work at a decent BB 

I think you're vastly overestimating sex and race. OP is going to an online school. You don't even know her GPA.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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  • PM in HF - EquityHedge
May 31, 2021 - 2:50pm

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