Need Advice on MBA Route into IB

Alright so I am a science major junior at University of Alberta in Canada with a 3.9GPA. I have no financial experience as I was going for medicine, but starting last year I was interested in finance and started to take Econ and finance classes available, I really want to pursue investment banking now, but since I decided so late I have no internships for my junior summer. I have a few questions:

1) Would it be possible for me to take a 5th year of studying and try to get an internship between my 4th and 5th year? Or would banks not consider me for it since I'm not technically a junior.

2) if the first option isn't possible, I'm assuming the MBA route is my only chance, problem is I will need lots of work experience in finance to get into a top Finance MBA programs I'm looking at, what finance type work could I even get with a science degree?

Thank you, appreciate any advice on this, I know my possibilities of getting in are slim but I'm willing to try my hardest.


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Comments (10)

  • Associate 1 in IB - Ind
Jan 22, 2021 - 9:57pm

One of the summer analysts at my bank was in between 4th and 5th year - her school had the option to do 5 years for master in accounting. But I think most banks allow you to intern as long as you are in your penultimate year. 

You don't necessarily need a finance job to get into a top MBA program. Schools value the brand name of the company or extremely unique experiences. Also good GPA GMAT stats don't hurt. 

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  • Associate 1 in IB - Ind
Jan 23, 2021 - 12:22am

Def try to get in as an Analyst. Better and more flexible exit opps than post-MBA Associate.

Yeah I think it's possible you just have to network network network to try to get in (if you're at non-target with not that many alums). You can try to go into a Healthcare coverage group to try and use that Science degree. 

  • Summer Associate in IB - Ind
Feb 4, 2021 - 4:15pm

There are single digit investment banking summer associate jobs in all of Canada (max, 10-15) across all categories (Big 5/6, BB/international banks, boutiques, etc.) every year. The FT pool is even smaller (low single digits). It is an incredibly small pool of jobs and a ton of candidates. I would recommend staying away from the MBA -> Canadian IB route if you can avoid it. 

  • Summer Associate in IB - Ind
Feb 4, 2021 - 4:22pm
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