Quote:
*MBAApp27 writes:*
> I just stumbled upon your conversation about IB in Ross chat. Sounded a bit “heated” as I read it. I wish I was part of the conversation. Gotta bring those chats in here - an IB powerhouse, not Ross😂
I am done with professional services forever lol, 4 years of banking, I am done lol.
Well, let me ask you a few questions, if you don’t mind
Quote:
*MBAApp27 writes:*
> I just stumbled upon your conversation about IB in Ross chat. Sounded a bit “heated” as I read it. I wish I was part of the conversation. Gotta bring those chats in here - an IB powerhouse, not Ross😂
I am done with professional services forever lol, 4 years of banking, I am done lol.
Well, let me ask you a few questions, if you don’t mind
You were talking that the times when people without appropriate background breaking into IB are over. And if people do break in without a background that this is an exception, not the rule. Let’s imagine this is true for a second.
1) what backgrounds do you think are still good for banking, in your opinion?
2) do you think this trend, if true, is applicable to the US market?
3) what is so special about IB work that you need to be from a specific background? Not trying to diminish the difficulty of IB but it isn’t rocket science, you are in excel ( which most people know how to use quite well), build basic models that you are being taught in school, and make decks. Length and amount of work can be brutal and no mistakes allowed.
What am I missing here? I am genuinely asking, not criticizing.
You were talking that the times when people without appropriate background breaking into IB are over. And if people do break in without a background that this is an exception, not the rule. Let’s imagine this is true for a second.
1) what backgrounds do you think are still good for banking, in your opinion?
2) do you think this trend, if true, is applicable to the US market?
3) what is so special about IB work that you need to be from a specific background? Not trying to diminish the difficulty of IB but it isn’t rocket science, you are in excel ( which most people know how to use quite well), build basic models that you are being taught in school, and make decks. Length and amount of work can be brutal and no mistakes allowed.
What am I missing here? I am genuinely asking, not criticizing.
At the same time, for your interview prep you learn 400 tech questions, have IB Immersion where you study everything related to IB for the entire semester, while being taught by people from the industry.(assuming you go to Cornell)
And you have alumni in every bank who are trying to help you recruit.
So, what makes the job so difficult that people without background, who get into a top schools wouldn’t be good enough to perform the job?