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09 Oct 2009, 19:45
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I've worked 2.5 years as a consultant in IBM's consulting practice in the public sector, the work I do is essentially process consulting, mostly operations for the government, although I've been on a few commercial projects. I'm growing increasingly tired of this line of work, and would like to break into Investment Banking, and have a few questions in mind that I hope someone more knowledgeable can answer, I'm planning on applying next year and enrolling in fall of 2011:
1. Do Business schools look down on people who want to switch careers into IB and communicate it in the application? (as the general public seem to feel)
2. Is it difficult to get a job in IB after I get the MBA degree? (what is the cutoff in the ranks of schools in terms of a realistic chance of landing a job in IB given my experience? top 30?top 20? top 10? )
Thanks so much!
1. Do Business schools look down on people who want to switch careers into IB and communicate it in the application? (as the general public seem to feel)
2. Is it difficult to get a job in IB after I get the MBA degree? (what is the cutoff in the ranks of schools in terms of a realistic chance of landing a job in IB given my experience? top 30?top 20? top 10? )
Thanks so much!
12 Oct 2009, 15:05
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1. Definitely not. The most important thing is your story - why are you interested in IB, what transferrable skills will be applicable from consulting and why Bschool is necessary to help you get there.
2. Yes, it's difficult. IB is probably the most competitive industry to get into (with exception of maybe PE or VC). It's going to be competitive regardless of where you go. Go to the best school you can get into, but generally I'd say top 20 although if you are good you'll be able to do it regardless of where you go (within reason).
2. Yes, it's difficult. IB is probably the most competitive industry to get into (with exception of maybe PE or VC). It's going to be competitive regardless of where you go. Go to the best school you can get into, but generally I'd say top 20 although if you are good you'll be able to do it regardless of where you go (within reason).
17 Oct 2009, 21:11
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thank you!
My biggest problem right now is that I have no idea how likely it is for someone to get a job in IBanking say if I were to goto a school like Cornell or Duke, I have a very clear career path right now if I were to stay at my current job, which is manager->senior manager->partner, which isn't bad, and I'll probably make partner before i turn 40 (I'm 24 now). Although I'm not fond of the job right now, or this career, I would hate to blow 150k on a degree and end up in the same place. Basically I'm going to business school solely for the purpose of getting a career on wall street. I have no explanation for why I want to do this, except that I don't like my job now, and I like banking based on the thousands of pages of articles and books i've read over the past few years. what type of rationale are bschools looking for, from people who want to switch from consulting to Ibanking?
My biggest problem right now is that I have no idea how likely it is for someone to get a job in IBanking say if I were to goto a school like Cornell or Duke, I have a very clear career path right now if I were to stay at my current job, which is manager->senior manager->partner, which isn't bad, and I'll probably make partner before i turn 40 (I'm 24 now). Although I'm not fond of the job right now, or this career, I would hate to blow 150k on a degree and end up in the same place. Basically I'm going to business school solely for the purpose of getting a career on wall street. I have no explanation for why I want to do this, except that I don't like my job now, and I like banking based on the thousands of pages of articles and books i've read over the past few years. what type of rationale are bschools looking for, from people who want to switch from consulting to Ibanking?
