MBA - Better odds as a BB IB Associate or LMM/MM PE Associate?

Are the odds of getting into a top MBA program better as an Associate at a Bulge Bracket bank in NY? Or an associate at a LMM/MM private equity firm (say <$1bn)?

Investment Banking Interview Course

  • 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
  • Technical, behavioral, networking, case videos, templates. All included.
  • Most comprehensive IB interview course in the world.

Comments (9)

Jan 12, 2019

.

Jan 13, 2019

I would say the perception of the deals you work on at the BB in a good group would be better, but honestly working at a top MM PE firms where you get solid investing experience along with valuable operations experience could be very attractive

"If you ain't first, you're last!" - GOAT

Jan 13, 2019

My opinion would be the PE route. I graduated from a M7 MBA program and, for whatever reason, it seemed rare for any of my classmates to only have worked in IB. However, a lot of my classmates worked in IB and then MM or LMM PE. The diversity in experience helped them both in the coursework and recruiting.

Jan 13, 2019

Thanks! Do you think that might be impacted because you typically don't need an MBA to move up the ranks in banking?

Jan 13, 2019

Maybe, but not necessarily. I assume if you leave banking as an Associate to go to business school, you would switch careers.

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jan 13, 2019

What are you trying to accomplish by getting an MBA? Especially if you are an Associate at a BB?

Jan 13, 2019

Career switch

Jan 13, 2019

Career switch into what? It may be possible from your bank

I would recommend PE given the limited info. Primarily because associate level at a BB is what you exit to after your MBA. You run the risk of taking a step down (no matter what your pay will most likely be lower by going the MBA route but I assume you know this)

Jan 13, 2019