Comments on: Age and Investment Banking: When Is It Too Late to Break Into the Industry, and What Should You Do If You’re “Too Old”? https://mergersandinquisitions.com/age-investment-banking/ Discover How to Get Into Investment Banking Mon, 14 Aug 2023 11:05:13 +0000 hourly 1 https://wordpress.org/?v=6.2.2 By: M&I - Brian https://mergersandinquisitions.com/age-investment-banking/#comment-817196 Mon, 14 Aug 2023 11:05:13 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-817196 In reply to Omar.

I think it will be difficult to win traditional IB roles if you have 17 years of work experience. I won’t say it’s impossible because people have done it before, but you don’t have a great chance even if you’re in a top traditional MBA program. And an Executive MBA program outside the top ~3 makes it even harder because your availability for summer internships may be unclear to recruiters.

If you really want to do IB, maybe spend a few months attending these events and meeting bankers and see what feedback they give you. If it seems like they consider your experience level to be an obstacle, switch to another field where that’s less of an issue (possibly consulting, maybe corporate banking, an independent valuation firm, maybe corporate development at a normal company, etc.).

I don’t think it’s worth giving up entirely because in stronger hiring environments, banks are sometimes open to more experienced candidates if they need the help. The hiring market is bad right now, but these things can change quickly.

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By: Omar https://mergersandinquisitions.com/age-investment-banking/#comment-812222 Wed, 09 Aug 2023 12:40:22 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-812222 Hi Brian – Found this to be insightful. I am CPA currently enrolled at a top 10 MBA program in NC graduating 2025 from their Executive MBA program. I currently, and have for the last 10 years, worked at BB banks in a corporate finance role. No deal experience but lots of exposure to CIB and broker-dealer expertise from an accounting and corp finance standpoint. I will have 17 years of experience by the time I graduate with the MBA and will be 40 years old. Well aware my age/YOE is a deterrent to many investment banks, but here are some opportunities to consider to know if I should even make the effort in preparing for interviews, networking, technical prep, etc, or refocus to other areas, financial advisory, consulting, etc

I have full access to campus IB recruiting activities, company presentations, week on wall street, etc. Should I even test my chances given this access or is my age still a showstopper at this point? Even if I was to get a summer internship at my current BB employer or others, would they consider offering me a fulltime role immediately after the internship assuming I perform well? It’s a risk to be unemployed after an internship in hopes of an offer that won’t start until the following year. Wanted to get your thoughts on those questions.

Thanks for your insight.

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By: M&I - Brian https://mergersandinquisitions.com/age-investment-banking/#comment-808170 Thu, 20 Jul 2023 18:38:51 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-808170 In reply to Jas.

Yes. See: https://mergersandinquisitions.com/investment-banking-in-london/

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By: M&I - Brian https://mergersandinquisitions.com/age-investment-banking/#comment-808165 Thu, 20 Jul 2023 18:27:06 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-808165 In reply to kim sung jun.

I think it depends on what this “development position” means. Is it more of a project finance / infrastructure role, where you’ll be building models and assessing deals such as asset acquisitions and new wind projects? If so, I think it’s better than a a domestic ECM/DCM role at a Korean bank, especially since you can probably list the Macquarie name on your resume/CV.

But if you’re not going to do much modeling or deal analysis in that role, the ECM/DCM role might be better. Many people do not consider capital markets “real” investment banking, but it still counts… it’s just that you’ll be doing a lot of market update slides and not much deal work.

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By: Jas https://mergersandinquisitions.com/age-investment-banking/#comment-808151 Tue, 18 Jul 2023 23:29:04 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-808151 In reply to M&I – Brian.

Just wondering, with brexit. Is London still a good financial hub to work in?

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By: kim sung jun https://mergersandinquisitions.com/age-investment-banking/#comment-808125 Sun, 16 Jul 2023 20:07:18 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-808125 Hi Brian
I am university student in South Korea. I have a question below. It would be very helpful if you answer my question.

1. Recently I got two full-time offers. One is Corio generation Seoul office (portfolio company of Macquarie Asset Management and Corio is an offshore wind development company) as a development position and one is Korea local investment banking firm as a ECM/DCM junior position. My career goal is working in PE, IB, Asset Management or global LP (such as a GIC) in Singapore/Hongkong one day. In this case, what is your recommendation?

Here is my background
Age: 26 (spent two years for mandatory military service)
Grade: Senior student
School: Top 5 school in South Korea

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By: M&I - Brian https://mergersandinquisitions.com/age-investment-banking/#comment-808031 Mon, 10 Jul 2023 22:51:45 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-808031 In reply to HS.

Depends on how long you’ve been practicing medicine full-time, but if it’s more than a few years, you’re probably not going to get in as an Analyst. This article might help:

https://mergersandinquisitions.com/medical-school-to-investment-banking/

An MBA is usually the best option for making a big change after significant work experience.

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By: HS https://mergersandinquisitions.com/age-investment-banking/#comment-807990 Sat, 08 Jul 2023 13:51:23 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-807990 Hello Brian,
I am have an MD, and did medical training for two years in the UK. I am currently doing Dentistry, because of the specialty that I want to get into requires both MD and Dentistry. However, I have decided to quit medicine completely. Do I have a chance of getting into IB as an analyst, or do you recommend doing an MBA?
Thanks

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By: M&I - Brian https://mergersandinquisitions.com/age-investment-banking/#comment-804271 Wed, 07 Jun 2023 00:04:32 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-804271 In reply to Pal.

It depends on your grades and work experience and other background information, but if you made it to ACs, you should have a chance at IB roles. You probably just need to prepare a bit differently and/or handle the group dynamics more effectively (but I can’t really say since I’m not sure what went wrong).

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By: Pal https://mergersandinquisitions.com/age-investment-banking/#comment-802615 Fri, 02 Jun 2023 10:08:38 +0000 https://www.mergersandinquisitions.com/?p=2490#comment-802615 Hi, Brian, I originally did a bachelor’s in Philosophy and transitioned to an Accounting and Finance Masters at LSE. Do I still have a shot at getting into IBs? I got to the assessment centre stages last year but it didn’t work out from there.

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