Is age a problem in Investment Banking recruiting?

tutran's picture
Rank: Senior Orangutan | 470

Hi all,

I'm currently 22 and studying sophomore year since I enrolled college at the age of 21. Semi-target, fair GPA 3.9, and one internship last summer at MM. (Initially I wanted to be a novelist so I spent two and a half year writing, then changed my mind and decided to go to college). I feel like I am too old compared to other peers seeking for IB placement, is age a problem in recruiting?

Comments (27)

Oct 29, 2017

Nah my friends got it nbd

    • 2
Oct 29, 2017

Dude you're still young. I would not worry.

    • 1
Oct 29, 2017

I am well into the later half of my 20s and will be interning at a BB next summer. I've never perceived my age to be a disadvantage for me- I would even argue that it's helped throughout recruiting. My classmates have repeatedly commented on this differences in the dynamics of conversations when I'm speaking with recruiters vs. when they are.

    • 3
Best Response
Oct 29, 2017

Since you spent some time of your life writing a novel and then deciding to go to college, I really think that that aspect of you will help you stand out. As an interviewer, I would be pretty intrigued to hear about the time you spent writing a novel and how you learned from that experience and have grown as a result.

    • 7
Oct 29, 2017

I actually think it's a good thing. (Twice this FT recruiting season, I was asked about my writing abilities) Besides, there are plenty of people I know who went to the military for a few years and came back to junior OCR at like 22-23. As long as you had a reason for the absence, I think you're good

Array

    • 1
Oct 29, 2017

keep up that gpa and continue the banking internships and you will be good to go buddy

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 2
Oct 30, 2017

Thanks all for replying!

"If you're afraid - don't do it, if you're doing it - don't be afraid!"
-- Genghis Khan

    • 3
Oct 31, 2017

You will be fine. I know guys that got into banking after serving in military or gap year before college.

Oct 31, 2017

I'm 25 & feel fine going through FT recruitment. The finance industry is so linear and inflexible. However, life isn't this way and we all take different paths. I wouldn't worry about it.

Work hard, work clean, & most of all do not give up.

Oct 31, 2017

I know of a guy who was a professional dancer and became an analyst at 26, so don't worry at all dude. So long as you have a defensible story and a logical way of coming to the conclusion that banking is the next move for you, i would almost think you have a leg up, as you'll have a much more interesting background than the typical college student.

    • 1
Oct 31, 2017

A friend of mine started this year and is 28.

Honestly don't think it matters too much.

    • 1
Oct 31, 2017

No difference. You're 2 year older than your peers - you won't look any different when you show up at superday

    • 1
Oct 31, 2017

Not at all. Tough to understand that I feel while obviously competing against a very young group of people but plenty of people have done it.

If you were published/etc, that just makes your story all the more credible and interesting. Spin it accordingly and most people will appreciate it vs anything else. FWIW, I know someone who SA'd at 23 y/o and received a FT offer for a BB IB from a semi-target etc. Just hustle, hustle hard, and you'll get there. Good luck.

    • 1
Nov 1, 2017

Yeah shouldn't be an issue at all. I know a bunch of military guys at my school, some of who are as old as 29, who decided to go to college after leaving the military and landed top offers.

    • 1
Nov 1, 2017

I'm a late 20s third-year Analyst at a BB. Just keep hustling bro, you're good.

Nov 5, 2017

I didn't start FT until 25. I spent 3 years before college traveling the world and doing humanitarian aid. I look young for my age so maybe that helped, but honestly nobody gives two f*cks if you are slightly older if you do good work. Plus, my insight and understanding of the world and cultures has given me an advantage

Nov 14, 2017

If you check M&I it says the upper limit for analyst position is 30 and for associates it's 40. This is not a hard rule though and is usually applicable to US IB, other countries would have a different culture and limit.

Nov 14, 2017

Analyst - early 20s
Associate - mid to late 20s
VP - late 20s to early 30s
MD - 35+

Nov 14, 2017

Hey man thanks for the comments,

Because what I was thinking is, do I have enough time for this:

-I'm 23 now so say get in as analyst at IB locally
-After 3 years (26 yrs) become an associate or even as analyst, pursue MBA abroad
-Post MBA become an associate at an IB abroad, boutique or BB
-Continue the path

Nov 14, 2017

From what you described, IB is the last place you want to end up. We don't pick any stocks or generally manage any funds. You would be better off as a portfolio analyst for some money manager somewhere.

At that point, as long as you are young enough to learn, and apply what you learned, there should be no issues. (within reason)

    • 1
Nov 14, 2017

Also, strongly consider starting the CFA program. It is a great foundation for asset management.

    • 1
Nov 14, 2017

Thanks for the advise

Nov 14, 2017

I'm planing on taking the CFA but can only do that after I've graduated (so I believe)

Nov 14, 2017