Hi all, currently I’m 24 years old, have 1 year experience at a Big 4 firm (EY) in audit. I have a dual degree in public accounting and finance, my CPA license and am a CFA level 2 candidate. I am strongly considering doing my MBA at a top school (Currently looking at Columbia and NYU) with the goal of getting into Investment Banking. my ultimate goal is to end up in asset management like a PE fund. does anyone have any insight in making a similar move?
I would try leetcoding
Get out of here before it's too late.
👏👏
Or just recruit PE out of MBA. IB to buy-side is still a process.
That was also an idea in mind, going right into PE or some asset management vehicle right from grad school. I would love to work for Blackrock BTW
You don’t need an MBA to go into investment banking. If you’re a CPA you’ll sleep through the models, and would probably perform well in an interview. Just network with IBers to get interview referrals and save yourself the grad school tuition. Just be ready to have no social life, no free time, and trade basically any happiness your life may have for money.
I’m currently trying that as I feel like I am just as smart as any analyst at a BB bank. Unfortunately it’s super hard as the recruit mainly out of big target school in which I didn’t go for undergrad. I don’t mind the heavy work load, I know I can handle it. Just would like to stay in IB for 2-3 years then shoot for a fund preferably a PE fund.
I mean that’s the cookie cutter shit most analysts say haha “I just want to do 2 years in IB then move to PE” as if it’s that easy. Rock star IBers working on the biggest deals in the world struggle immensely to break into PE even with 4-6 years of experience. You can’t even begin to imagine how competitive that arena is. They don’t want hard workers, they want either someone who comes from old money, a powerful family, or literally a game changing math savant from Princeton. Anyone has the brain to be an IBer; it’s a job literally anyone can do. But it’s how selective they are that makes it difficult. I think you need to do your due diligence and make a more realistic game plan rather than repeating the same cliche timeline that we hear every new grad say. Try to stand out.
Just do it
with all due respect some of the other commenters here have no idea what they’re talking about... i’m a former investment banker and private equity investor and i now run my own company helping students/recent grads recruit for investment banking. here are your two options: 1) try to lateral into a smaller regional boutique without going back to school. benefit of this is you don’t have to spend $200k+ (plus opportunity cost of 2 years of foregone salary) to go back to business school, and then you can try to lateral to a bigger bank as an analyst after getting at least 1 year of experience under your belt. 2) go get an MBA and then recruit from there. benefit is you will be able to recruit for the top banks right away, but downsides are: - It’s not guaranteed you’ll get a job because even top programs only place 10-20% of their grads into IB (although columbia and NYU are two of the best options due to location in NYC), and - You go in as an associate and not analyst. Your pay will be higher but your exit opportunity to the buyside (PE/HF) will be way more limited because most buyside firms hire from IB analyst classes. associate recruiting can happen but it’s a lot less structured and usually at smaller funds
Your CFA completion will carry more weight than the MBA
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I guess you have thought through this and planned it out well. 👍
Thank you!! Yea I think about my career and future a lot (Maybe too much). Just trying to put the pieces together to hopefully make it work!