I'm mid/late 20s and did the 2 year analyst stint right after college at an no-name capmarkets i-bank and less than a year into my associate stint at another no-name capmarkets i-bank. There has to be more to life than raising $10-$25M for micro-cap biotech and pharmaceutical companies. I've been giving the heads up I'm being let go. I've been here less than a year so I cannot lateral to another bank and also I don't want to be stuck at no-name capmarket banks forever. It looks like the end of the road for me.
What if I walked down to the Time Square Armed Forces Booth and signed up as an officer in the Navy? 4 years commitment (4 years reserves after) then try to get into a top MBA program? I've read articles that MBAs love ex-officers because they add so much to their class. I'll probably be 30/31 or even 32 and so 33/34 by the time I get out of b-school. Is that too old to be an ibank associate?
There are some specialisations in the Navy that seem very interesting - foreign area service officer (military attaches to foreign countries) and if accepted the Navy sends you to the Defence Language School to learn a critical language then dumps you in another country. Or Navy intelligence which require analytical skills. My end goal is still to come back to Wall Street in NYC or London as an Associate at a top bank.
I don't know the logistics of studying for the GMAT while on Active Duty or applying while on a ship for 6 months but is this idea crazy? Listen it'll be hard to give up living in NYC in my 20s but for a chance to really grow self-discipline, focus, and fortitude and go to a top MBA than hopefully top bank - aka. a second chance at life after I screwed up ... ? I'm seriously considering this. I'll run out of money to stay at my LES Manhattan apartment in about 7-10 months anyway.
The only thing is I would really prefer to get an MBA abroad at LBS or INSEAD. Could I do that if I'm in the reserves after 4 years? Take a break maybe?
I'm a desperate guy in a terrible situation. Life could have been different but I screwed up. What do you think?