Investment Banking Discussion Thread

Discussion in 'Business, Careers & Education' started by jslade, Mar 9, 2012.

  1. hanker565

    hanker565 Senior member

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    Investment banking / finance attracts many smart people that did not know what they wanted to do after school. It's not something you can be passionate about, but it pays the bills and helps you develop certain skills until you figure out what you want to do with your life (I have still not figured this out).
     


  2. Harbin

    Harbin Senior member

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    a lot of people i know that want to do banking know exactly what they want to do
     


  3. nootje

    nootje Senior member

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    Really? I never knew what to do after uni, but wanted to work on strategics with companies and do what i was good at: namely using and building my network. As it happens i love doing m&a, and went in the field even before i finished my degree.
     


  4. jslade

    jslade Senior member

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    Yes, this is, in part, the reason why I'm currently looking to dive into the IB industry. Wall Street is something that fascinates me, even if analyst-level IBD work seems dull and dry, rinse and repeat with bloodshot eyes.

    As my school places very well into IBD (much less so in regards to S&T), I figure that even if I don't love the IBD work, the pedigree obtained from working at a BB for a few years as well as all the knowledge and experience that can be gained will at the very least give me a fantastic amount of insight into what I want to do with my life. I'm tentatively looking at BB -> Ivy League MBA - > maybe SC/MC at MBB, back to IBD, or PE/VC.

    I figure that this is my best option right now. Currently I have a strong GPA, some solid leads on strong sophomore summer internships, and leadership/extracurricular experience. My networking skills could use some work, so I'll be concentrating on that this summer. Hopefully all of this combined with my school's ability to place a lot of kids onto the Street will land me a BB internship my junior year. I'll be working my ass off in the mean time, so we'll see.
     
    Last edited: Mar 11, 2012


  5. pseudonym

    pseudonym Senior member

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    Wait, you're a sophomore? Dude, you've got time.

    What are you doing this summer? We've got similar goals, jslade.
     
    Last edited: Mar 11, 2012


  6. caxt

    caxt Well-Known Member

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    How can you use a History degree to break into IB?
     


  7. Nereis

    Nereis Senior member

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    Banking requires nothing more than two things to make it past the initial ding.

    1. Good marks.
    2. Good school.

    Being good with numbers and having strong attention to detail is however, the next ding. You're going to have to sell yourself well and demonstrate that you can do your mental math.
     


  8. caxt

    caxt Well-Known Member

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    I basically have those things (by South-Eastern standards anyway.)

    So: I should just send out resumes and hope I kill the interview?
     


  9. gomestar

    gomestar Super Yelper

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    "sending out resumes" will probably get you no response. Network, network, network.

    if you're still in school, on-campus recruiting is usually the best bet.

    also, there's an interview prep course here:
    http://www.mergersandinquisitions.com/
     
    Last edited: Mar 19, 2012


  10. gettoasty

    gettoasty Senior member

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    History will make you a well-rounded individual and a ton a fun to talk about I would assume.

    Though to many you may come off as very boring but I think that specific discipline can be a growth path to gaining a lot of neat information.

    Think of history in a broader sense than just wars and battles etc.
    Perhaps I am also including anthropology
     


  11. nootje

    nootje Senior member

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    I still wish I had studied History in tandem with philosophy, both seemed a lot more interesting than economics, and it wouldnt have mattered to where i ended up..
     


  12. caxt

    caxt Well-Known Member

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    I am graduating soon with a History degree, and from my point of view right now the future looks like law school, teaching, or be homeless.

    I am kicking myself for not trying to double major in accounting/finance/economics.
     


  13. gomestar

    gomestar Super Yelper

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    the history degree isn't why you wouldn't have received any offers (or interviews even)
     


  14. caxt

    caxt Well-Known Member

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    I get that now, but until very recently I had no real idea that one could be considered for a financial position without financial schooling. It was just literally never mentioned around me. That’s what surprised me when History was possibility for IB.
     


  15. nootje

    nootje Senior member

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    Unless you're near 30 there's still time. try to get an econ related job and network your ass off. Goldman et al wont be in the cards, but boutiques still can be. There are multiple roads towards IB type jobs, it just depends on your determination to get there.
     


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