MSF -> Boutique -> MBA -> BB
Just curious if people have done the following:
- Went to non-target undergrad, realized they wanted to do BB too late into their "academic career"
- Get into a good MSF program such as Vanderbilt, Olin, or McCombs
- Get a gig at a boutique
- Work a couple of years, maybe get their CFA during the process, score high on the GMAT
- Go to an M7 MBA program
- during their education, they do an associate internship with a BB
6. Break BB
You can do FT recruiting to IB from a top MSF program. Not sure about BB, but MM IB for sure.
If the end goal is BB IBD, it would be much more efficient to lateral after spending a year or two at a boutique investment bank. BBs and EBs tend to have a large number of lateral opportunities available every year, especially at the junior levels as turnover is quite high.
Business school is a waste of time and money if the long-term objective is to stay in banking.
Thank you for the advice.
This honestly sounds like a colossal waste of time.
Start hitting up boutiques now. If you get an offer from one, work there a year and then lateral. This is exactly what I did out of undergrad. You could always do the MSF, but would most likely end up in the same position. Good luck.
@ Sil, was your major in finance? Did you have prior finance work experience such as internships?
All of my experience is academic related: an honors thesis, another individual research project for my "research intensive bachelor's certificate", and my only internship was as a research intern. I was setting myself up for an academic career.
Also, my majors were in economics and political science, with minors in math and business.
I majored in accounting and finance. Honestly, an MSF will not change your case at all. You will still not have any IB internships, but you will have a masters degrees and $40k+ in debt. Your best bet would be to work for three to five years in a respected field and then apply to MBA programs.
ignore this comment, I didn't know how to reply to someone correctly, so I'm copying my original comment and using it to reply to Sil.
Try and get a job/internship right now. If you can get something in credit or a decent boutique opportunity you might be able to eventually leverage it into a FT offer somewhere else. If that fails then maybe consider an MSF.
I do think your timeline is off though. If you go to a top MSF program you can get a good MM IBD role. With this you can move up internally. Really no need to go for an MBA just to be an associate at a BB bank. Once you are in the industry you can move around.
Did an MSF. Got into a BB. Definitely possible.
Which MSF program if you don't mind me asking.
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