Investment Banking

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TraeM2010
Posts: 1
Joined: Tue Jan 18, 2011 11:19 am

Investment Banking

Postby TraeM2010 » Tue Jan 25, 2011 5:15 pm

In my research I am finding that many of the large investment banks recruit from top law schools. I have also seen that another good way to get into the investment banking industry is to start in corporate finance and then transition in. I have an accounting background and attend University of South Carolina law. I have a CPA license. If I want to try to transition from law school to investment banking should I try to do it from a corporate tax position or should I try to land a corporate finance job out of law school?

Renzo
Posts: 4265
Joined: Tue Dec 02, 2008 3:23 am

Re: Investment Banking

Postby Renzo » Tue Jan 25, 2011 5:27 pm

I think you have three options:

1. Invent time machine
2. Go back in time, attend an Ivy undergrad, do well
3. Get a job as a banker

-OR-

1. Get an MBA from Harvard, Penn, Northwestern, Chicago, MIT, or Stanford.
2. Become a banker.

-OR-

1. Get a job as an M&A attorney with a very prestigious firm that does a lot of work with the banks.
2. Pray
3. Transition to banking.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 1:33 pm

What about applying to Ibanking analyst positions after a top 14 JD? And doing so after taking transactional focused classes and even corporate finance/accounting at the top 14's top 20 MBA program? I have an econ undergrad degree and when I say Ibanks I'm talking about middle market banks--not bulge (think BBT/Suntrust etc.). Also note that I'm talking coming in at the analyst level and not as an associate.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 2:01 pm

Anonymous User wrote:What about applying to Ibanking analyst positions after a top 14 JD? And doing so after taking transactional focused classes and even corporate finance/accounting at the top 14's top 20 MBA program? I have an econ undergrad degree and when I say Ibanks I'm talking about middle market banks--not bulge (think BBT/Suntrust etc.). Also note that I'm talking coming in at the analyst level and not as an associate.


It's definitely "possible" to get into banking with a JD but you'd be excluded from most any analyst class. You might be able to talk your way into a small boutique firm if you know someone but even in that scenario you'd likely be hired as an associate. Most JD hires have some sort of transferable/relevant experience and depending on that experience, some JD's are even hired as VP's. In the end, it's all about how well you network.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 2:15 pm

How possible to go:

CCN --> V10 M&A midlevel--> MBA --> IBD --> ??? --> Profit ?

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 2:36 pm

Anonymous User wrote:
Anonymous User wrote:What about applying to Ibanking analyst positions after a top 14 JD? And doing so after taking transactional focused classes and even corporate finance/accounting at the top 14's top 20 MBA program? I have an econ undergrad degree and when I say Ibanks I'm talking about middle market banks--not bulge (think BBT/Suntrust etc.). Also note that I'm talking coming in at the analyst level and not as an associate.


It's definitely "possible" to get into banking with a JD but you'd be excluded from most any analyst class. You might be able to talk your way into a small boutique firm if you know someone but even in that scenario you'd likely be hired as an associate. Most JD hires have some sort of transferable/relevant experience and depending on that experience, some JD's are even hired as VP's. In the end, it's all about how well you network.


Why would I be excluded from analyst positions but not for associate positions? I'm looking at the analyst level because I don't have full time professional W/E and I realize that my competency level would be more aligned with analyst positions.

User avatar
fatduck
Posts: 4186
Joined: Mon Sep 13, 2010 10:16 pm

Re: Investment Banking

Postby fatduck » Wed Jul 25, 2012 2:39 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:What about applying to Ibanking analyst positions after a top 14 JD? And doing so after taking transactional focused classes and even corporate finance/accounting at the top 14's top 20 MBA program? I have an econ undergrad degree and when I say Ibanks I'm talking about middle market banks--not bulge (think BBT/Suntrust etc.). Also note that I'm talking coming in at the analyst level and not as an associate.


It's definitely "possible" to get into banking with a JD but you'd be excluded from most any analyst class. You might be able to talk your way into a small boutique firm if you know someone but even in that scenario you'd likely be hired as an associate. Most JD hires have some sort of transferable/relevant experience and depending on that experience, some JD's are even hired as VP's. In the end, it's all about how well you network.


Why would I be excluded from analyst positions but not for associate positions? I'm looking at the analyst level because I don't have full time professional W/E and I realize that my competency level would be more aligned with analyst positions.

i think he means you're overqualified

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 2:57 pm

fatduck wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:What about applying to Ibanking analyst positions after a top 14 JD? And doing so after taking transactional focused classes and even corporate finance/accounting at the top 14's top 20 MBA program? I have an econ undergrad degree and when I say Ibanks I'm talking about middle market banks--not bulge (think BBT/Suntrust etc.). Also note that I'm talking coming in at the analyst level and not as an associate.


It's definitely "possible" to get into banking with a JD but you'd be excluded from most any analyst class. You might be able to talk your way into a small boutique firm if you know someone but even in that scenario you'd likely be hired as an associate. Most JD hires have some sort of transferable/relevant experience and depending on that experience, some JD's are even hired as VP's. In the end, it's all about how well you network.


Why would I be excluded from analyst positions but not for associate positions? I'm looking at the analyst level because I don't have full time professional W/E and I realize that my competency level would be more aligned with analyst positions.

i think he means you're overqualified


I wouldn't be because associate positions require full time work experience.

User avatar
dingbat
Posts: 4976
Joined: Wed Jan 11, 2012 9:12 pm

Re: Investment Banking

Postby dingbat » Wed Jul 25, 2012 3:20 pm

TraeM2010 wrote:In my research I am finding that many of the large investment banks recruit from top law schools. I have also seen that another good way to get into the investment banking industry is to start in corporate finance and then transition in. I have an accounting background and attend University of South Carolina law. I have a CPA license. If I want to try to transition from law school to investment banking should I try to do it from a corporate tax position or should I try to land a corporate finance job out of law school?

You're better off getting an MBA

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Investment Banking

Postby Anonymous User » Wed Jul 25, 2012 3:54 pm

Renzo wrote:I think you have three options:

1. Invent time machine
2. Go back in time, attend an Ivy undergrad, do well
3. Get a job as a banker

-OR-

1. Get an MBA from Harvard, Penn, Northwestern, Chicago, MIT, or Stanford.
2. Become a banker.

-OR-

1. Get a job as an M&A attorney with a very prestigious firm that does a lot of work with the banks.
2. Pray
3. Transition to banking.


Is it common for V20 M&A lawyers to go back to get their MBA after a few years practing law in order to make the transition or is it just a direct jump?




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