Investment Banking Route? Forum

[Anonymous User]

Just wanted to seek advice/your 2 cents on a part-time 2L at a tier 2 school, working full time as an accountant in a major accounting firm, trying to find a position in Investment Banking right after graduation?

I had 1L summer internship in government, working with infrastructure projects. I hated every part of litigation (legal research, presenting issues to senior attorneys, writing a sophisticated memo), while I loved the transactional side (learning about taxes, muni bonds and working with contracts/terms/specs). I realized that I would thrive better in a structured quantitative setting.

I have close family members who are i-bankers (former lehman to MM IB) and am closely aware of what the job entails. I’m also planning to move onto valuation firm to learn financial modeling/necessary ib skill. sets.

[RaceJudicata]

Just wanted to seek advice/your 2 cents on a part-time 2L at a tier 2 school, working full time as an accountant in a major accounting firm, trying to find a position in Investment Banking right after graduation?

I had 1L summer internship in government, working with infrastructure projects. I hated every part of litigation (legal research, presenting issues to senior attorneys, writing a sophisticated memo), while I loved the transactional side (learning about taxes, muni bonds and working with contracts/terms/specs). I realized that I would thrive better in a structured quantitative setting.

I have close family members who are i-bankers (former lehman to MM IB) and am closely aware of what the job entails. I’m also planning to move onto valuation firm to learn financial modeling/necessary ib skill. sets.

Don’t think your law degree (from your school) is going to advance the ball here. Not sure what ib market is for current big 4 folks (assuming you are big 4); but your law degree won’t help you getting an ib job whatsoever...

[QContinuum]

Don’t think your law degree (from your school) is going to advance the ball here. Not sure what ib market is for current big 4 folks (assuming you are big 4); but your law degree won’t help you getting an ib job whatsoever...

+1 to Race's post. IB doesn't even really hire out of the T13, let alone the T2. IB analyst gigs generally go to college grads from prestigious universities and IB associate gigs go to MBAs from prestigious b-schools (the M7/M8 or whatever it is these days). Even from the T13 it's tough to break into i-banking, simply because they aren't usually interested in hiring J.D.s

It's possible that there's some kind of Big4 -> i-banking pathway (though I haven't heard of one), but regardless a T2 J.D. isn't going to help.

[FluidMosaic]

Just wanted to seek advice/your 2 cents on a part-time 2L at a tier 2 school, working full time as an accountant in a major accounting firm, trying to find a position in Investment Banking right after graduation?

I had 1L summer internship in government, working with infrastructure projects. I hated every part of litigation (legal research, presenting issues to senior attorneys, writing a sophisticated memo), while I loved the transactional side (learning about taxes, muni bonds and working with contracts/terms/specs). I realized that I would thrive better in a structured quantitative setting.

I have close family members who are i-bankers (former lehman to MM IB) and am closely aware of what the job entails. I’m also planning to move onto valuation firm to learn financial modeling/necessary ib skill. sets.

I’d move to either the TAS group or the valuations group of your accounting firm. Additionally your firm may also have a “corporate finance” type group that acts as an IBank (I believe all B4 firms have a built in IBank), Plante Moran has one as well.

A T2 JD can help but with very small firms (ie; think 5-10 man shops rather than traditional banks) and normally in the same geographic area as the school.