Comments on: The Investment Banking Career Path: The Complete Guide https://mergersandinquisitions.com/investment-banking-career-path/ Discover How to Get Into Investment Banking Mon, 10 Jul 2023 22:54:40 +0000 hourly 1 https://wordpress.org/?v=6.2.2 By: M&I - Brian https://mergersandinquisitions.com/investment-banking-career-path/#comment-808033 Mon, 10 Jul 2023 22:54:40 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-808033 In reply to Daniele.

Thanks. We cover the lists of target universities in different regions here:

https://mergersandinquisitions.com/investment-banking-target-schools/

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By: Daniele https://mergersandinquisitions.com/investment-banking-career-path/#comment-808005 Sun, 09 Jul 2023 13:13:48 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-808005 Thank you for the article Brian. Extremely helpful!
What are the target universities in Europe? Besides Oxbridge, what other universities are well-known to the people working in IB?

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By: M&I - Brian https://mergersandinquisitions.com/investment-banking-career-path/#comment-753233 Wed, 20 Jul 2022 19:41:02 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-753233 In reply to Nick.

I don’t think it’s 100% impossible, but I would say there’s a ~95% chance you won’t be able to get in at this point. A better alternative in a case like this if you want more excitement / higher compensation is to pursue something like corporate development at your company (or a related one in the industry) so you can work on deals and joint ventures and so on without the crazy hours/lifestyle of IB (and the huge bias against more experienced candidates).

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By: Nick https://mergersandinquisitions.com/investment-banking-career-path/#comment-752292 Thu, 14 Jul 2022 11:12:04 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-752292 Thanks for the article Brian. Great read! I am 42yrs old and a VP of Finance in an unrelated industry (construction actually). I have a BA in Finance and interned a long time ago during my college years at a small NY based IB firm, Arnhold and S Bleichroeder. I completed 2 internships, one in their foreign cashier dept and the other in the P&S dept with the traders. They wanted to hire me FT as I performed really well at that junior level…for what it was at least.

Unfortunately, i graduated college a few months after 9/11 and this particular firm (like many at the time) had a hiring freeze with some even moving out of NYC with everything going on. This made me go an alternate path in my career leading to where I’m at today. Getting married and having children earlier on also pushed my decision away from pursuing this career at the time due to the long hours required. The work I do now is interesting but doesn’t obviously come with the bonuses that are inherent in the IB world. Plus, I always wanted to work in the IB industry and know family and friends currently at varying levels at GS, Barclays etc. Would it be 100% impossible to get into this industry at this point in my career? Why do I ask this question almost 20yrs later? I don’t know…maybe a mid-career itch? I think I already know the answer to this question unfortunately but I just had to ask! Thank you

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By: M&I - Brian https://mergersandinquisitions.com/investment-banking-career-path/#comment-751423 Sun, 10 Jul 2022 13:24:32 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-751423 In reply to Dion Zhou.

You don’t need a business degree, but you do need good academic results and previous relevant internships. Please see:

https://mergersandinquisitions.com/how-to-get-into-investment-banking/

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By: Dion Zhou https://mergersandinquisitions.com/investment-banking-career-path/#comment-749933 Wed, 06 Jul 2022 18:55:00 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-749933 In reply to john doe.

Hi, Brian. I am Dion who just graduated with the BA degree of art history. I consider breaking into the IB industry in the future but before that, I would like to find some internships to see if I am a good fit. I wonder if it is okay to get an IB internship without a business degree. I am currently doing some entry level client service job at an auction house and doing a part-time job at a real estate company.

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By: M&I - Brian https://mergersandinquisitions.com/investment-banking-career-path/#comment-749719 Wed, 06 Jul 2022 14:21:02 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-749719 In reply to Keegan Van Every.

If you can get into the well-known “Investment Banking Workshop” there, yes (and assuming you have everything else required). If not, it will be more difficult because IU Kelley is otherwise more of a semi-target.

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By: Keegan Van Every https://mergersandinquisitions.com/investment-banking-career-path/#comment-748162 Wed, 29 Jun 2022 21:27:10 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-748162 Do you believe success at the IU Kelley School of Business as a Finance Major will set me up well for getting into a big bank (JP Morgan, Goldman, Barclays, etc.)

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By: M&I - Brian https://mergersandinquisitions.com/investment-banking-career-path/#comment-745154 Wed, 08 Jun 2022 18:34:52 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-745154 In reply to Matt M.

No. No one will question your technical skills if you have public accounting experience and a CPA. Focus on boutique banks / get valuation experience and aim for a lateral move.

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By: Matt M https://mergersandinquisitions.com/investment-banking-career-path/#comment-743323 Thu, 02 Jun 2022 19:52:52 +0000 https://www.mergersandinquisitions.com/?p=3740#comment-743323 Thanks for the info, Brian – I’ll cut right to the chase. I am 26 with a Masters in Accy/Data Analytics and UG in Accounting from a top Accounting program. I am also a licensed CPA with two years of Public Accounting/Industry experience in a non Big 4 firm. However, I have always had a passion for finance/investments and am looking to make a switch into an Analyst type role. Do you think that beginning the CFA journey and passing Level 1 would make me more attractive to IB firms? Or would it be more worth my time to work at a boutique bank or do valuation type work somewhere and go for a lateral move? Thanks!

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