Monday, November 14, 2011

Looking for advice regarding entering the Investment Banking field


Looking for advice regarding entering the Investment Banking field?
I am interested in getting involved with IB at the analyst level now, or associate level in the future. I currently hold an Economics undergrad with a mediocre GPA (B+) and a one-year post-graduate Accounting diploma with an A+ GPA. Both are from well rated schools but are not Ivy league. Despite my relatively low Econ GPA, I am very analytical, have an A average in my junior and senior year and worked for a prof building economic and finance models in a variety of languages (C, MATLAB, etc.). I currently have an offer at a Big Four accounting firm that has to be accepted before Sept (ie IB recruiting season). My first question is am I currently competitive to work as an analyst at a large IB firm? If not, I was thinking of pursuing my MSc. in Quantitative Finance from the University of London External Programme while earning my accounting designation at the Big Four firm. Would this make me competitive for an associate position in 3-5 years? Would doing my CFA tests help? Thanks.
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if you have an offer at a top accounting firm, your best bet is to work their for a few years and try your hardest to move up the ladder. Take some initiative and show that your a top dog in the financial field. After a few years of that try to earn a high score on the GMAT and get into a top 10 MBA program. The majority of IB jobs recruit from the top MBA programs, and by getting an MBA from one of those programs is the first real step into the IB field. Without an MBA the odds of moving up in the IB field is slim to none. Good luck

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