Hi everyone, I really need some advice on my current situation.
I have failed to break into IB/AM this year, I´ve tried hard, networked a lot, applied to all relevant IB/AM positions and could not secure an internship. I am graduating in 2 weeks from a degree in Economics from a non-target uni and I am afraid to graduate jobless... I have made several "mistakes" like rejecting interviews and offers from top consulting firms and private banking shops but I am seriously interested in getting into IB/AM, however, I did not imagine I would not get in.
My situation is that I have an offer for a 1-year program in one of the largest health care companies in the world for a Sales Analyst position. I know this is not related to IB but I am considering accepting this offer. Here´s what I think:
- Work as a Sales Analyst in the health care multinational for a year
PLUS - 1-year master in Finance at a top target business school
Try to break into IB after this, I think I could get into a health care team with the 1-year experience in the health care multinational and the MiF.
Thus, my questions is: Is working in a health care multinational as a Sales Analyst going to kill all my chances to get into IB? Or is it a good step to get in? I suspect it could be a good opportunity to make the move in 2 years but I am not really sure if this experience will help.
What do you monkeys think? Thanks in advance!
IB shops like top MBAs.
If you can in this role, try to develop a focus and responsibility on financial models and analysis. If you can demonstrate a high competency in Excel and financial analysis in the role (with some kind of tangible results as a result of your analysis), it will add to your strength as a candidate. I'm not sure why you would turn down top consulting firms for this, but maybe it was a timing error and you learned your lesson well.
Put out in this role, get good recommendations, kill the GMAT, and apply to top 10 MBA programs. Hopefully you have good uGPA.
Thanks Isaiah, I rejected consulting because at that time I was in several processes with IB shops and BBs. As you said, timing error, I wouldn’t reject consulting now.
I have good university grades, not stellar though. Hope to get enough excel exposure to focus on that, I prefer to accept this as of now but I will give it another thought, don’t want to make a mistake here.
Curious to read some more opinions.
Life is not linear. I know most readers on this site are trying to follow a script: target school (or other) > BB for 2 yrs > MBA > PE / HF. They see this as the lowest risk path to get to the promised land. However, there is no promised land because nothing is promised.
Real life is a journey of many twists and turns. Your situation may be one of them. You may find, assuming you are still interested in IB after your Healthcare role, that you are far more qualified to concentrate in a healthcare coverage IB spot because of your newly found experience. You may become the "right rock" for healthcare PE. You also may decide you love the healthcare business and want to continue down that path and pursue a leadership spot in the industry (as opposed to capital access for the industry).
You may meet this amazing person and choose to marry and start a family. That could easily change the course of your career path. But hey, somebody did that for you about 22 yrs ago.
These things aren't set in stone. The sooner you all realize that, the better.
Well, I find truth in your words, however, I have been learning finance and working hard to do something finance-related after graduation. I failed to get into what I wanted, but it does not mean I should take whatever chance offers me and forget about what I initially wanted, I will keep trying and that’s why I ask here, this forum has been incredibly helpful in the last year and want to keep benefiting from that.
Again, I respect your comment and it’s probably true, but life is easier when you set your goals and try to achieve them. Thank you, I will probably accept the offer.
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