Investment Banking Exit Opportunities
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- เผยแพร่เมื่อ 1 ก.ค. 2024
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Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!
Investment Banking propelled me into an Executive role (in charge of the company's one regional market) at the age of 25. This is not a typical route for investment bankers, but without IB in my resume, I would not be where I am today.
This is awesome
Did you jump straight into that role from IB? If you don’t mind elaborating on how the transition happened - current IB analyst and looking to make a similar move
hahahah the jump cuts at the beginning hilarious. i quite like it actually and I think you should keep em
I've been defaulting to them :-)
I like the jump cuts bro - it's part of what makes your videos characteristically 'Bryan"
I really appreciate this comment heh
Definitely support taking some time off - I took a sabbatical after 2+2 and thought it was super helpful. Good luck Bryan!
Great advice - thanks so much!
Really good video man, very informative keep it up I can see your channel going very far!
Thanks so much!
Hi Bryan, thank you for the great videos! Do you recommend to get the MBA in Finance before starting the IB career?
If you're already out of undergrad and working in another field, yes
If my first full time offer is in IB, I’m coming to Chicago and we getting lit. Love you Bryan
Buenas sortes, Esteban
Hey Brian, I was wondering if you can make a video on “pitch me a stock,” which I heard there’s a high chance of it coming up in interviews. And because of COVID, maybe they’ll do a question like “tell me what’s a good stock to buy right now.” What would be your approach to answering these questions? Thank you!
This is more relevant for S&T / Hedge fund roles that I don't have much experience in. I would begin at a website like SeekingAlpha and build on expert advice
Is getting a degree from a non target school a good idea? WGU gives you a degree in a shorter period of time compared to a traditional college and a lot of software engineers recommend this school but I don't know about banking.
Are MBAs necessary for some exit opps in the context of undergrad? I’m going to Stern this fall, so do you think that a target undergrad would be good enough and prevent the need for the elite MBA?
Yes definitely, Stern is a target for many banks
That's easy. Andreessen Horowitz and Y Combinator
LOL
Do you think going into ib then corporate finance fast tracks the career progression there, or would it be better to just start off in corporate finance if that’s what I want to do later on anyways?
Hm I think IB is a great basis to have for corporate finance but I also know people that went directly. I'd assume if you have the IB experience your starting salary would be higher
Hey Bryan, I was wondering why did you choose Chicago to kick off your career ? Maybe you could give me your view about what are the best cities in the U.S. in order to start a career in Finance (putting aside NY :p). Actually, it could be a good video topic.
Keep it up your work, really appreciate your opinion.
Vital
That's a great video topic actually - I think I really enjoyed the food / "clean" city vibes as a person who grew up in SoCal suburbs I think I'd eventually like to be back home (I am ironically home now bc of quarantine haha)
Hey Bryan, how are you finding the Razer Huntsman keyboard? Did you get the Elite one? How is it for modelling, would you recommend it?
It's pretty dope just a little loud when your clicking away ahahagag
@@TheBryanJun haha fair enough, is it worth getting for banking/modellling/excel? Definitely too loud for the office do you think?
Hey Brian...deciding between starting out in IB in Chicago (close to my college) over NYC (my ‘hometown’)...wondering what you think Chicago’s greatest benefits are
I think it has to be food, architecture, people and cost of living (relative)
@@TheBryanJun appreciate it, thank you!
Don’t get into IB bro.... not worth it
Hey Bryan, thank you for making these videos! How common is it for banks to sponsor an MBA? For example, if you were to spend 2-3 years as an analyst, would many firms sponsor an MBA if you returned to the bank?
In my experience not too common, banks would rather have you apply what you have learned as an associate immediatly than missing 2 yeara of work.
I think it's definitely less and less common, but definitely possible
Hey Brian, whats your opinion on doing a Computer Science degree first and work as a software engineer for 2-3 years. Then do a MBA at a top school and join straight as an associate in investment banking?
I think that's a great idea especially if you have interest in CS. I sometimes wish I did the same as well, it's such a great skill to have in today's world
Tech startup or private equity?
Hey Bryan what is your opinion on MSF programs to break into IB?
Idk anyone personally that have done that, many from MBA, but I'm sure a masters in finance is highly relevant - they may be looking for work experience, though
Some people want to do investment banking so they can exit to the buyside but if you are a quant, your first job can be on the buyside in a hedgefund
Yeah that sounds cool too, not sure if I'm smart enough to be a quant tho haha
Buy side buys the service, sell side sells the service. That a right way to think about it ß
Great way to think about it
Bryan, first of I'd like to say that I really like your videos and they are very informative. Secondly, what advice do you have for a highschooler looking to get into investment banking. I know I am pretty young but working in the finance field is my dream. Currently, I am getting good grades and almost all of my extracurriculars are related to business/finance which shows top business schools that I am interested in this career field. If you could go back to when you were 16 what advice would you give to yourself?
Hi Bryan, can you post a video about how to get into IB after undergrad? So in my case, I’m a year out of undergrad and wanted to transition into IB but am wondering if it’s too late. Thanks!
I would say the best approach is getting a MBA and becoming an associate
I think it depends on various factors, and possibly a combination of the ones below.
1. Location:
If you're based in the US, that would probably be your best bet as banks commonly hire Summer Associates, from what I observe.However if you're based in Singapore like me, Banks rarely hire IB Summer Associates here. So location really depends. If you're in London/Europe, banks could hire if you have a Masters in Finance, and I'm not too sure if IB Summer Associate programs in Europe are a thing there as compared to the US.
2. Your current job:
If you're currently working in a corporate development or corporate strategy role at a MNC for example, you may have some exposure to M&A as the MNC you work for might acquire or divest some of their subsidiaries, so that M&A exposure could help. Alternatively if you're working in areas like Credit Ratings, Big 4 accounting (in the transaction advisory or deals teams), those could help too! It really depends on the bank you apply to. BBs tend to be more selective so perhaps try your luck for the mid-markets and botiques.
3. Your network:
If you know someone in IB somewhere, that should help.
I actually sent you a linkedin request and then looked you up and realized who you were!
For getting into IB after an MBA, someone told me that some MBA schools in the US are "finance" schools, aka the ones that banks target to hire Investment Banking Summer Associates. To the best of your knowledge, which schools are these?
This person told me that these schools are Wharton, Columbia, Chicago Booth and NYU Stern. Do you know of any others?
This same person seemed to suggest that if I ever get an offer from any of those 4 finance MBA target schools, I should accept them over other top MBA programs like HBS, Yale, Kellogg, Sloan MIT, Tuck, Haas, Stanford etc. What do you think? Be honest, thanks!
I think that's true overall, from personal experience I know Kellogg is also very competitive and also every other school you mentioned are amazing schools so I think it's more so that the people that go to those MBAs do things outside of finance, not that finance world doesn't pick from those schools purposefully
I’m pretty sure all M7 schools are target
That Captain Rex helmet is pretty dope.
yuge star wars guy
@@TheBryanJun What ya think about that the final season of the clone wars? The final episode's were hella sad...
What do you think are some good non IB jobs to apply to (in finance or other) for econ majors that are recent grads? I'm graduating next year and don't really want to go to grad school and I was unable to land an internship. I'm really freaking out right now. I know I won't be able to go straight in to IB but I just want to get my foot in the door somehow. I go to UCSD and had one of the worst academic years of my life this year so my gpa took a hit. I know my chances of getting into an elite mba program are slim to none.
Hey I’m not Bryan but I do share some similar circumstances with you, I’m also an Econ major and I’m graduating next month; I used to have a first class but unfortunately dropped to a 2:1 just last semester so I’m probably graduating with that. Unlike you tho I have a fair amount of internships under my belt about 9 months of work experience in total and I’ve already got another one lined up for after I graduate. I think first you need to take a breadth you’ve still got a whole year before grad which is enough time to land an internship it doesn’t even need to be anywhere big but just having on your CV that you’ve worked somewhere would be a huge boost even if it’s just a month. There’s also a lot of time for you to get your grades up something I can’t do. As for places to apply to there’s corporate finance and merchant/commercial banks also audit firms like KPMG that are always looking for interns. If all else fails you could also try to land an internship after your graduation like me this will be really helpful to you cus at least by the time you’ve completed the internship you won’t be a total noob to the corporate and business world and you’ll have a feel for working in an office and all that. Bottom line try for an internship whenever you can doesn’t matter where or how long heck even your local supermarket is something, once again can’t stress how much it’ll boost you as a person and your CV. Hope this was helpful and sorry it’s so long.
@@longjiD Thank you brotha! That was very helpful information. Makes me feel like less of a failure lol. I was thinking I'd have to try to find an internship next summer after I graduate because I'm going to be taking a full course load just about every and frankly I didn't even know companies offered internships during the school year.
Consulting maybe?
No knock on you Bryan. This is more about the training and skillset that anyone in investment banking gains. If there is all this analysis and high level number crunching and insightful valuation going on, instead of working the crazy hours, why don't you just go out and acquire an undervalued business or start a business in a underserved sector?
Slight step specific, slight step specific, slight step specific 💪🏾💪🏾💪🏾
LOL
I was thinking of doing real estate and IB at the same time 😅 then hopefully move into hedge funds.
Edit: could you make a video on how to get into the exit opportunity such as Hedge Funds? You said 2 years? I’m assuming that’s the time in investment banking
I am I interested in doing something like this. Getting into IB so I can get into Private equity or hedge funds. How much can you make right off the bat in hedge funds?
I'll look into it (not sure myself, but probably a good exercise to do on my end)
Bryan haha thanks anyways, as an analysis in investment banking is it very stressful? Or is just challenging? Do you get used to it? Etc.
Tahiat Nawal hedge funds, from what I’ve heard you can be on hundreds of thousands potentially millions.
Irregular does it have demanding hours like 100 hours a week? Because that’s no way to live long term
Yeah IB has a lot of Exit opps
Yes it does!
Do a jump cut between saying jump and cut. LOL
jump cut
why would anyone dislike this video
So let me get this right: If I do an MBA straight out of my undergraduate how do banks look at that?
Most MBA programs require, or prefer, work experience.
ZW11 how many years of work roughly?
I think most, if not all, people go work for a couple years before getting a MBA
@@TheBryanJun okay thanks
Do you have Series 7?
SIE, 79 and 63 yes!
Bryan Niice! I have SIE, Series 6, 63, 26 and i’m studying for Series 7!!
HBS is the way to go
One can only dream!
hbs?
"What degree do you need to be an investment banker?" ty
Usually Finance or Economics,
Any degree works if you go to real school like the Ivys or top state school. You have a better shot of getting an IB job as an Art history major from Harvard than a finance major from some crap state school.
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