What makes a 1st year MBA associate more qualified than a 1st year analyst?
Title, both are right out of school with limited to no on the job experience in banking. I would love to hear both sides.
Title, both are right out of school with limited to no on the job experience in banking. I would love to hear both sides.
+157 | The "Not So Obvious" things that get you a return offer? | 18 | 3h | |
+84 | Is my life over after not getting GS? | 19 | 38m | |
+60 | Best IB group on the Street | 24 | 10m | |
+52 | BIG FOUR ARE PARADISE | 13 | 9h | |
+45 | Thoughts and tips on how to speak like an investment banker. | 23 | 5h | |
+40 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 20 | 18h | |
+36 | UBS Outlook | 28 | 20h | |
+35 | Georgetown Placement for 2024 and 2025 | 21 | 6d | |
+31 | Highest Paid Bankers in Toronto? | 50 | 1d | |
+30 | How to deal with egotistical team? | 6 | 2d |
Career Resources
Plenty of MBAs have 4+ years of experience prior to their MBA. Some in finance.
Although on day 1 analyst and associate are very similar, they are two totally different jobs tbh. Day 1 they both should be most heavily focused on learning/absorbing everything they can on the technical side, becoming proficient at modeling/financial analysis, efficiently putting together presentation materials and learning about the industry the cover. Being able to churn out those things is why the analyst got hired. Associates are expected to as well, but it is not why banks hire associates. We are in the career banking pipeline, so the expectations beyond the above is to manage a process, lead calls/presentations, manage a client relationship and eventually source deals.
Post MBA associates come from all different backgrounds. I spent my 20s as an army infantry officer, led a platoon in combat, commanded a company of 100 soldiers, spent some time on brigade commander's staff (making presentations and briefing senior army officers), then went and got an MBA at an M7 school. I imagine my bank's thought process when hiring me 3 years ago was like "well he's in his 30s, has had a lot of responsibility and management experience, can probably handle presenting and can trust him to not embarrass us in front of clients. Sure, doesn't have a real finance background besides getting an MBA, but i'm sure he can pick that up quickly." When they hire a 22 year old from Wharton for an an1 role, the criteria is more: who can grind and rip a DCF and LBO as quickly as possible with no mistakes.
Beatae nostrum qui odit et sit aliquam eius quis. Accusantium aut excepturi sed sint. Rerum et voluptatibus incidunt praesentium.
Qui maxime cumque voluptate necessitatibus. Culpa cum debitis natus laborum. Voluptatem illo voluptas omnis sed voluptatibus accusantium aliquam fugiat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...