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Investment Banking

 
forum comment
#0 Investment Banking
 
OP
14.10.10 00:00
 
Hi All,Would like to know what are my chances for making millions by turning into Investment banking and how I should start with IB career?- OVER 14 years experience in IT in 3 continents, last 8 years in UK/Europe- MBA from Top 10 UK university- 2.5 years with BIG4- Overall 3 years with leading retail bank- Expertise in Project Management, Delivery Management - Current Gross salary over £100K.- Arrogant as any other ACN "new" SM How I should make a start with IB Career? What are my prospects and I much I shuld expect to earn at the begaining with IB.RegardsOP
 
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#0 RE: Investment Banking
 
rc
15.10.10 00:00
 
do you mean IB or IB IT? you have a vague chance of moving into the latter, but none of making millions out of it.. the former? can't see what commecial value you bring to IB or how a mid career change would work starting from a PM base - if for example you knew the vendor market inside out and backwards then conceivably you could get into a tech sector research role as a starting point. the sad fact is you add nothing to an IB over a fresh grad...
 
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#0 RE: RE: Investment Banking
 
OP
13.11.10 00:00
 
do you believe if I do MBA again (this time from LBS) would I stand a better chance to work into Investment banking?If so, at what level I can start? what would be the minimum salary I will be offered? regds
 
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#0 RE: RE: RE: Investment Banking
 
hmm
14.11.10 00:00
 
three questions to you ,OP1) You didn't answe rc's question: presumably you want to move into IB IT?2) why would you do another MBA? Just to get the LBS brand on your cv????3) With 14 years experience you must be at least 35 - even if you did get the LBS brand by doing another mba there, why would a bank hire you over a 26 year old MBA from the same school??
 
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#0 RE: RE: RE: RE: Investment Banking
 
OP
14.11.10 00:00
 
- Nah, I don't need LBS MBA to get into IB IT. I want to get into IB.- Yes for having LBS Brand on my CV which I believe carries hell lot of recognization across the globe where the business school I did MBA from is only recognized in UK ( on of the top 10 MBA in UK, and Top 50 in the world) and doesn't stand in front of LBS.- Yes, you are right I am 33.5 now and by the time I will finish LBS MBA I might be 36 depending upon which intake I get into LBSI don't believe anyone at the age of 26 can get into LBS so doesn't agree with you on this point. Even if I agree with you I still have my USPs over that 26 year old i.e. 2.5 years with BIG4, 14 years of global experience, over £100K earning, previous retail banking experience.So what are my chances in IB after LBS.
 
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#0 RE: RE: RE: RE: RE: Investment Banking
 
anon
14.11.10 00:00
 
Just don't see how 2.5 years big4 experience and 3 years at a retail bank etc will help.
 
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#0 RE: RE: RE: RE: RE: RE: Investment Banking
 
hmm
14.11.10 00:00
 
you don't believe anyone aged 26 gets into lbs? People as young as 23 get into LBS - http://www.london.edu/assets/documents/programmes/MBA2010_class_profile.pdfagree with anon on how 2.5 years big4 + retail banking experience will get you into IB, esp when you compete with 26 year olds with a couple of years at MBB under their belt...besides, you quote as your salary of 100k as one of your USPs: if I were a bank I'd hire someone younger who is probably hungrier and will work his back off for less money
 
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#0 RE: RE: RE: RE: RE: RE: RE: Investment Banking
 
OP
15.11.10 00:00
 
OK, You are right! however, I was talking about LBS executive MBA which has a prerequisite of minimum 5 years of experience.http://www.london.edu/programmes/emba/whoistheexecutivembadesignedfor.htmlJust watched Wall Street (2010) and now watching Wall Street (1987) and already finding IB a thrilling career!
 
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#0 RE: Investment Banking
 
Mars A Day
15.11.10 00:00
 
OP what part of IB do you want to move into?
 
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#0 RE: RE: Investment Banking
 
Happy
15.11.10 00:00
 
This is presumably not a serious thread, but if so:The LBS Exec MBA is unlikely to help you get an investment banking role - that is not what it is for, not all MBAs are the sameThe LBS full-time MBA would help, but I doubt you would get accepted based on the information you have given here. Even if you were accepted on the full-time course you would be right at the bottom of the pile in terms of attractiveness to banks.In short, your chances are miniscule and you should have been asking this question about 8 years ago
 
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#0 RE: Investment Banking
 
anon
16.11.10 00:00
 
OP, see efinancialcareers' latest quiz on this topic and rate yourself - http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-29492
 
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