New here, guidance would be appreciated.

Hi,

I have seen there are a couple of other posts like this so I will try to keep this brief, I am 31 and a year ago decided to start a BA (Hons) in Politics, Philosophy and Economics with The Open University to better myself and hopefully move onto a better career. Within a few months I realised that I might like to work within Finance specifically Investment Banking so I started to do research on how to pursue this career path. In my current role as a manager I have to analyse lots of quantitative data and find it quite interesting which has partially led me to pursue this path.

I understand that competition is very high and I am already at a disadvantage due to my age but was hoping to get some advice on what I am currently doing to see if there is anything else I can do to increase my chances and if I am doing the right things. I have 3 more years left of my degree providing I continue to study full time.

Currently I have applied to a Spring Week Internship at both J.P Morgan and Goldman Sachs and I plan to apply for more as soon as the applications open. I have already done a HireVue interview for J.P Morgan so am waiting to hear the outcome of that and will hopefully hear from Goldman Sachs at some point to see if I have been successful in getting to the next stage.

My plan is that if I was lucky enough to get on one of these it would give me great experience and insight as well as hopefully make it more likely to get onto a Summer Internship in 2021. I feel that because of my situation I am perhaps less likely to get onto even a Spring Week, but it’s worth trying. If it’s any consolation I wrote what I thought was a great covering letter for my Goldman Sachs application, so you never know.

If I’m not able to do this, I thought it would be beneficial to get some extra qualifications in my final year to perhaps give me a shot at getting onto a Graduate program anyway or if not at least give me the skills to work somewhere less prestigious perhaps. I am thinking of doing this anyway if I was successful on getting an internship as it could only help. The two main ones I am planning on doing are the Investment Management Certificate by CFA UK and then the Bloomberg Market Concepts course.

So basically, that is where I am at the moment and what I am planning, I would really appreciate it if people who have experience within the industry could perhaps let me know how that all sounds and if there is anything else I can do to help myself.

Thanks,
Jake

 
Most Helpful

Your plan so far seems good. If all else fails, aim for summer internships at small boutiques and work your way up from there. It'll take while but it's a necessary step if Plan A backfires. Worst case, a boutique SA role can help you land an MFin at a semi-target or target (if you want to do that) which itself helps get your closer to MM or BB IB.

 

Accusantium voluptas repellat sint error. Dolor est vel aspernatur dolore corporis doloremque.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”