Despite not deciding that I wanted to break into IB until my last semester of college, I was lucky enough to have landed an unpaid IB internship for that semester. In that role I worked directly with an MD on a couple different deals for about 5 weeks before unexpectedly receiving an offer for a paid Wealth Management internship at a large global bank for the remainder of the semester, which I ended up accepting bc I was a broke college kid and it was closer to campus, and there was no upward mobility at the IB firm.
I then ended up receiving a full-time offer for a Client Associate position with this company (glorified assistant to the FA's). I accepted this offer bc I did not receive offers for an IB analyst position despite my recruiting efforts. I started this position at the beginning of this year and although I am learning a lot, I definitely still want to break into IB one day. I know I need to do this within a year or two, or else I'll get stuck in WM for the rest of my life.
My plan is to pass the Series 7 next month and then complete the Wall Street Prep financial modeling course and earn that certification. Then begin hardcore networking again and hopefully eventually win an offer from a local/boutique investment bank in the DC metro area (of which there are ~30). Not sure that I want to take my chances applying to a BB as I had a low undergrad gpa (below 3.0) and don't think I could compete with 4.0's from targets.
So is this a realistic plan? Will I have to pursue a Masters in Finance (MSF) in order to rebrand myself and makeup for my low undergrad grades? Should I try to move to a valuation/M&A-related role before trying to break in to IB? Any advice is much appreciated
What you should do is, grind it out for a few years and rise within WM, then go get a Top 15 MBA. Target b-schools that are IB heavy. And this time go for the IB gig ;)
Or you could just bust your balls for a FA that serves the HNW/UHNW market and eventually spins off as a multi-family investment office. ;)