#1
February 6th, 2016, 01:37 PM
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MBA Get into Investment Banking
Hello sir I am Vipul and I am here as I want to know is MBA Candidate can get into Investment Banking??
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#2
February 6th, 2016, 02:33 PM
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Re: MBA Get into Investment Banking
Yes, Vipul MBA Candidate can get into Investment Banking as Investment Banking careers are very standardised, exceptions are for qualified accountants, auditors, and sometimes for people working in corporate strategy, because the skills they have are similar and transferable, but even then, they're a minority and often have to start from scratch at the bottom. But let me tell you that there are pros and cons to study an MBA to do investment banking and they are: Pros: - There is a very structured process for MBA hires, which makes things much easier - This is the only degree that gives a change to people from ANY background, even non-finance or non-business! - You will start as an associate, while a lot of other degrees makes you start as an analyst (3 years below!) - The MBA gives you 2 chances to get in every investment bank that comes to campus: for internships, and for full time - You can use the alumni network and banking events to get to know investment bankers rapidly - Classes teach you about corporate finance and accounting and ex-banker classmates can help you prepare for interviews Cons: - A very expensive and time consuming way to get an investment banking job (but payback is quick, usually 2-3 years) - An MBA teaches you some finance skills, but you won't really get any in-depth knowledge (compared to a Masters, for example) - MBAs are usually looked down upon by other bankers, because they don't know much about finance when they start - The MBA doesn't guarantee you a job in investment banking! |
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