1ucky
Hi,
I want to get an MBA for the sole purpose of going into investment management. I am currently in big law doing investment management on the legal side (unfortunately entirely PE, which I want to avoid), but I find the investment side to be significantly more interesting. I have no other background in finance/statistics/math, and I recognize that it is difficult to break into IM without experience. That being said:
I was hoping people could share their experiences of investment management recruitment on their campus (either personally or hearsay). I know that Booth / Wharton / Columbia seem to be the big names for IM / Finance generally, but I was hoping to gather some anecdotal evidence.
I don't mind taking a pay-cut (which I will be doing by leaving biglaw), but I don't want to take a pay-cut for a generic investment banking job. I specifically want to go into IM (ideally a value-based hedge fund), and the purpose of this thread is to find out the ballpark likelihood of that (if it's <50%, doesn't seem worth the risk).
Thank you.
Hi 1ucky!
Great question. I've worked a number of candidates who have initiated career changes through MBAs, a couple of them at the schools you mentioned above. So, it happens. As for anecdotal evidence, I would advise reaching out to alumni from your target schools who are in IM/Finance on LinkedIn. MBAs are a truly congenial bunch - I would say they have 95% rate of answering perfect strangers with questions about their alma matter (I frequently send my candidates to research schools in this way). Also, this is the kind of question any admissions office would be happy to receive - ask to be put in touch with students and alumni who are transitioning/have transitioned their careers. Be sure to attach an updated resume that's in tip-top shape to the admissions office. Your application basically begins from your first contact.
Hope this helps!
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