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Can you be an associate without an MBA? How many analysts are promoted to associates?
Yes. It is now encouraged at bulge brackets.
However, if you want to transition to IB. Get an MBA.
Really hard to transition laterally to an associate role for a reputable bank.
Need to get an MBA in order to, or have previous IB/Corp Dev experience.
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Are we currently in a recession, and is the U.S. not acknowledging it because of the impending elections?
Yes. It is now encouraged at bulge brackets.