So I've searched WSO and I can't come up with a clear answer. What if you want to stay in ibanking after your analyst stint? As in progress to associate, VP, MD.
If you don't start out as an analyst, you obviously need an MBA to break in as an associate. This is where my confusion is. It's my understanding you can advance from analyst to associate without an MBA. However, can you go from analyst to associate to VP and onward WITHOUT an MBA?
I know there are some people that are in these high positions without an MBA, but is this largely a thing of the past? Is an MBA kind of necessary regardless of your particular path? It would be nice to be able to save $100k+, but then again two years back in easy college doesn't seem bad either :P