Pre-MBA CAREER PATH?

MrPaulAllen's picture
Rank: Monkey | banana points 59

Which of the following is the best career path for landing a post-MBA IB Associate job?

BB PWM -> Top 5 MBA -> BB IB Associate

BB Commercial Banking -> Top 5 MBA -> BB IB Associate

F500 rotational program -> Top 5 MBA -> BB IB Associate

Comments (5)

Best Response
Sep 27, 2011

I pursued one of the three paths above (though my MBA is top 10 and not top 5) and all three can help your transition perfectly into banking. I also know people in each of these backgrounds who recruited into post-MBA banking

1.) PWM - You will have by far the hardest time getting interviews because PWM is looked down upon by bankers. Nonetheless, the sales skills and polish you will develop (as well as learning the nuances of managing / navigating personalities and organizations) are invaluable. A great skillset for a long-term / career banker... This is pretty important since senior-level VP and beyond, sales skills far outweighs your analytical / technical skills

2.) Commercial banking - Great fit for product group banking such as leveraged finance or syndicated loans or structured finance. Commercial banking is extremely broad though. Ironically, this is the background I have seen the least of in MBA banking recruting. My theory is that people in commercial banking can transition to investment banking on their own, even without a MBA...

3.) F500 - Great fit for coverage group. If you did a program at GE for example, industrial groups will fight over you. If you did it at a tech company, you can probably get interviews at any TMT group on the street. The danger of this is that you might get silo'ed into a particular industry even against your will. I have seen a lot of people from a particular background get placed into an industry group (based on their background) against their will

Ultimately, recruting is what you make of it. All three backgrounds will enable you to break into banking. The key is do what you enjoy and choose the path that will maximize your professional development. You want to be able to enjoy your work and be a leader so that your achievements can get you into a top 5 business school

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Sep 27, 2011
Vancouver Canucks 2011:

I pursued one of the three paths above (though my MBA is top 10 and not top 5) and all three can help your transition perfectly into banking. I also know people in each of these backgrounds who recruited into post-MBA banking

1.) PWM - You will have by far the hardest time getting interviews because PWM is looked down upon by bankers. Nonetheless, the sales skills and polish you will develop (as well as learning the nuances of managing / navigating personalities and organizations) are invaluable. A great skillset for a long-term / career banker... This is pretty important since senior-level VP and beyond, sales skills far outweighs your analytical / technical skills

2.) Commercial banking - Great fit for product group banking such as leveraged finance or syndicated loans or structured finance. Commercial banking is extremely broad though. Ironically, this is the background I have seen the least of in MBA banking recruting. My theory is that people in commercial banking can transition to investment banking on their own, even without a MBA...

3.) F500 - Great fit for coverage group. If you did a program at GE for example, industrial groups will fight over you. If you did it at a tech company, you can probably get interviews at any TMT group on the street. The danger of this is that you might get silo'ed into a particular industry even against your will. I have seen a lot of people from a particular background get placed into an industry group (based on their background) against their will

Ultimately, recruting is what you make of it. All three backgrounds will enable you to break into banking. The key is do what you enjoy and choose the path that will maximize your professional development. You want to be able to enjoy your work and be a leader so that your achievements can get you into a top 5 business school

Great post.

patternfinder:

Of course, I would just buy in scales.

See my WSO Blog | my AMA

Sep 28, 2011
Vancouver Canucks 2011:

3.) F500 - Great fit for coverage group. If you did a program at GE for example, industrial groups will fight over you. If you did it at a tech company, you can probably get interviews at any TMT group on the street. The danger of this is that you might get silo'ed into a particular industry even against your will. I have seen a lot of people from a particular background get placed into an industry group (based on their background) against their will

How does a F500 Leadership program in an insurance company do? Just wondering if that still fits into your categories.

Sep 27, 2011

Yeah I wish I had SBs, that was good stuff.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

Sep 28, 2011

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