Hi all,
I am on a university team of 4 who entered the NIBC investment banking competition this year, where we did a full case modelling exercise and gave corporate finance advice on Tapestry (Coach, Kate Spade holding company). We were lucky enough to be one of the teams accepted to the final round, but I was wondering if any of you have been to the final round/networking events and how valuable they were for you?
We are an East Coast school, and flights to Vancouver (where the event is being held) are expensive and long. I have already accepted a full-time offer, and am a senior in college, so I'm not sure how valuable this will be for the expense, especially because attending this will be cutting short my spring break.
Basically, has anyone attended the NIBC final round, and how valuable was it for them? Were the professionals there mostly Canadian or were there New Yorkers as well? Thank you.
bump
They don't pay for your flights & hotel? Do you have to pay for yourself to be at the final-round?
Didn't end up going... some members of my team did. The business school funded part of the travel. Overall, they said it was an okay experience. The modelling prep helped for my FT job though.
Overall, the event was sloppy and not well executed. We strongly believe that this is not worth going to…
My team attended the finals this year. Here is our feedback.
1. Cost of first round is 160USD/team The cost to attend the finals is 390USD/person. This covers food for 2 days and hotel for 2 days. Food was not substantial (1 Sandwhich at each meal, nothing to accompany). The rooms were small and were cramed with 4 people. The price does not justify the experience.
2. Few mid-level and senior professionals. If your goal is to make connections in this case comp or to find employment opportunities. You will be disappointed. Additionally, the people judging some of the groups were university students.
3. Low professionalism from the NIBC committee. A. The NIBC members never seemed to know what was going on. B. The case was released 34 minutes late because committee member slept in. C. They sent us contradicting emails, recycled from previous years. D. The price for the finals was 100USD more than what was marketed in the previous mail.
4. NIBC invested money into silly things. These include; ice statue, 10-minute limo ride, bottles of alcohol (only for the NIBC team).
We are describing only some of the elements that stood out to our team. Overall, there were many sloppy and unprofessional elements of this competition. For those thinking of going, we would not recommend.
You would be better off attending an alternative case competition.
Hate to break it to you but if your issue is whether they pay for a couple meals or haggle over $100 difference idk what to tell you. Everyone I’ve spoken to respects IB case comps and this one in particular. When you hit the desk are you really going to complain because you got comments a half hour late or you’re running low on sleep? These are all trivial matters that’ll piss your colleagues off. If you actually put the effort in there’s plenty of networking opportunities and on the grand scheme of things it’s the people you compete with and against that’ll make for valuable connections finding future roles. Go to your business school for funding if you’re really concerned about the price, half an hour is not the difference between you winning a pitch and losing and all your extra complaints have nothing to do with what goes on your resume. When you enter a stock pitch or IB comp the goal is to build up accolades, meet others in the industry and have a track record of success, not to be pampered and given free things.
Have been to the one this year and last year. The one last year was way better tbh no student judges a lot more professionals and networking opportunities. The food is usually a bit lacking so be prepared to buy your own. After party both years were kinda a rug pull announcing limos then party buses coming and limo for NIBC. Nice if you’ve never been to Vancouver and something recognizable to throw on the resume. Hopeful next year will be better with more professionals to actually network with. Not 100% their fault a lot of banks were busy and no showed.
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