How to become an Investment Banker
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- Опубліковано 12 кві 2021
- Becoming an investment banker is not easy. But you can improve your chances of becoming an investment banker by understanding the recruitment requirements.
Sameer Kamat, founder MBA Crystal Ball, covers the following:
- Best business schools for investment banking
- How to get into the top Investment banks
- - Networking
- - Business and quantitative training
- - Internships
- Investment Banking recruitment requirements
- Investment Banking Job Applications
- - I-Banking Cover Letter
- - I-Banking Resume tips
- - I-Banking interview tips
Also check out these resources:
- Day in the life of an investment banker
www.mbacrystalball.com/blog/2...
- Investment Banking Cover Letter tips and samples
www.mbacrystalball.com/blog/2...
- How to create an investment banking resume with no experience?
www.mbacrystalball.com/blog/2...
- Interview questions for investment banking jobs with tips
www.mbacrystalball.com/blog/2...
- How to answer brain teasers in interviews for consulting and investment banking jobs?
www.mbacrystalball.com/blog/2...
- Market sizing questions, examples and answers
www.mbacrystalball.com/blog/2...
- How to become an investment banker?
www.mbacrystalball.com/blog/2...
- From engineering to investment banking
www.mbacrystalball.com/blog/2...
- From strategy consulting at McKinsey to investment banking
www.mbacrystalball.com/blog/2...
Thanks for being generous as always with your likes and feel-good comments.
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If you're considering higher ed, read how COVID is likely to impact your student experience:
www.mbacrystalball.com/blog/2021/03/30/covid-impact-student-life-experience-syllabus-statistics/
Interesting
Sir thank you so much am a 16 year old and I was very much looking for this video
Same here
Good advice, much appreciated
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I love it
As mentioned MBA in Finance is typically a go-to path towards a successful Investment Banking career. According to my research, the MBA(Finance) degree is not focused so much on finance as it consists of a management aspect as well but, MSc.Finance is primarily focused on finance has a fairly technical curriculum compared to the finance part of the MBA program. So I have a few questions regarding that matter.
1. Which of the two will give better chance in cementing my career in Investment Banking?
2. If I choose to pursue MSc. Finance and happen to be one of those people who get into Investment Banking with an MSc. Finance degree, will I have to an MBA after to expect better opportunities or will the MSc. Finance be sufficient?
You're right. A more focused finance degree from a good bschool will give you more opportunities in the fresher space, if you're planning to break into finance. But it's also riskier since you will not have anything beyond the degree to convince recruiters. Also, top tier investment banks may require you to take a break after a few years to pursue an MBA. Lower tier banks may not insist on it.
sir, make a video on mba in operations, Sir pls Upload more video about gmat, gre, study plan, soand other things yes sir everything is there on ur website but your explanation and your voice is just wow
Glad you like our videos. You'll find videos on GRE and GMAT on the channel. We're not test prep experts, so we've asked other teams to write detailed posts on our blog. We'll share the suggestion for MBA in Operations with our video team.
This is an awesome video!
I had a unrelated question, however, I am posting it here. I was just wondering if taking up start up roles and passion projects over top consulting and finance firms will reflect poorly in an MBA application. There seems to be a trend in most profiles and I wanted to make sure I am making the right choices. Would love to hear your take on this. Thank you!
If those startup roles and passion projects are aligned with your long term goals, it becomes easier to justify it in MBA applications. Having said that, don't take all decisions based on what admission officers will think. Decide based on what you'd love doing, even if the MBA were not there in the picture.
@@MBACrystalBall Thank you so much. This really helps a lot.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries.
Hey Sameer, can you suggest to me some of the best colleges for MBA in Canada and Australia for investment banking.
You can check out the Financial Times ranking for the top programs in those countries. Most good bschools will help you explore opportunities in investment banking.
❤️❤️👍
Hi, Sameer thanks for your great content again. I need to know some info about doin mba from uk. I am little confused about the post study work opportunities in uk, and really stressed about my career there. Can u please guide me wether UK would be a good choice for doin MBA or ms in marketing. I have intention to apply top ranked uni in uk. Thanks
We have a video on MBA in UK, which covers many perspectives. Check that out.
I am really eager to build my profile from the very early stage. Really looking forward for your assistance.
We have a dedicated video on how to build your profile. Check it out.
Sir, I did my BTech from a normal college But now joined Morgan Stanley as a software developer, sideways working on finance,did FRM, gained few Certificates from NISM like series 8, NCFM technical analysis and portfolio management and still working on my profile, will not having IIT/NIT tag cause problems getting admit and scholarship from top business schools?
Seems like you posted this too many times. It went into spam.
We have several stories on our blog of non-IIT/NIT grads who got into the top schools with scholarship.
Sir, apart from IB which roles should an MBA(Finance) candidate aim for which pay decently and have rewarding career prospects?
Private equity and venture capital are very popular.
@@MBACrystalBall as per your blogs these two are very difficult for a grad to break in and it's often said that PE is often looked as Exit option of Ibankers,am I right? If not, then will an MBA(FINANCE) from a good b school open doors for them?
You'll find more options here: www.careerizma.com/industries/financial-services/
Can a m comm graduate gets position without mba for IB role as a rookei
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Working in a VC is not a very famous aspiration among Indian engineering/b-school students, as far as I know (correct me if I'm wrong). Could you make a video/blog of the typical path, prospects, job functions, compensations, work environments, etc to/at VCs? There is too much contradictory info on the internet about it.
We've published several articles on VC and PE: www.mbacrystalball.com/blog/tag/venture-capital/
Do Charter Accountant combined with a CFA charter have an easy time landing into I-Banking roles
The entry process into the elite investment banks isn't easy for anyone, including those from top tier MBA programs. But having the right qualifications (such as CA, CFA) can be one step closer to getting there.
Hi Sameer
I hope you and your family are safe and sound. I really like the solid quality in your blogs.
I am 25 , Bsc (Maths Hons.) Grad 2013-16. Involved in my family business ever since. I am not satisfied with the kind of work I do and I am not happy (really frustrated) with the atmosphere I work in.
I am never sure if a corporate career is for me. I many a times cherish the lives of academicians( profs) .
What are the options I have , considering I am just an average joe who is really confused.
•MBA /MiM abroad?
• 1 yr MBAs in india?
• Should I consider a job first?
• MA: Can I consider a switch in Arts subjects like philosophy, yoga etc considering a career in academics, how hard will that be?
We'd vote for the third option from you list - consider getting a job first. It'll help you understand if you're cut out for the corporate world. If you enjoy the experience, you can consider going for an advanced degree to speed up the growth pace.
@@MBACrystalBall thank you
Hey Mr. Kamat!
I hope you are safe during these times.
I have a university selection crisis at hand and I request you to kindly suggest me which one to choose:
1. Warwick University- Msc Engineering Business Management
2. Cranfield - Msc Management with "3 MONTHS INTERNSHIP"
3. Bath - Msc operations, logistics and supply chain management.
I am an automotive engineer with around 3 years of experience and I want to move to a managerial position and handle operations now in the Uk. Although all these universities have very similar subjects, warwick and bath have name going for them but Cranfield has the complimentary internship with it.
What would you recommend?
MSc programs are typically aimed at fresh grads or those who have under 2 years of experience at the start of the program. From what you've shared, it appears you'll have over 3.5 years experience by the time classes start. Can you explain why you chose MSc programs as opposed to MBA?
@@MBACrystalBall Looking at the subjects and electives in both MBA and MSc, the Msc modules suit my requirements more. I want to stick to Engineering based organizations and manage technical projects and operations.
Ok, in that case the bschool that has better ties (or even geographic proximity) with the companies you want to work with, would get a thumbs up. That would matter more than rankings. Just make sure your existing experience doesn't get discounted during recruitment.
Hello Team,
I was just going through some article wherein it was mentioned that adcoms usually don't consider people from trading background because they don't add much value to the college/class, how true is this?
I'm asking this because currently I'm working as a Risk Analyst ( which seems to be a typical corporate job) while on the other hand I've got an offer from one of the london based proprietary trading firm and I wish to join it, work there for a year or 2 and then go for GMAT to apply to foreign Bschool ,but due to the above reason I'm wondering if this will be a right decision to take or not. Can you please address my query?
Thanks in advance
Can you share a link to that article?
Adcoms don't look at any applicant with a black and white filter. They may have some knowledge about what you do, but it's up to you to help them connect the dots and go beyond the stereotypes. How many years have you worked as a risk analyst? What's interesting about the London role that prompted you to apply? What do you want to do after your MBA?
@@MBACrystalBall Thank you so much for the valuable answer. Much appreciated !
I need to check for the article. If I get it, will surely put the link here.
Sir has any non engineer(b.com, ba eco, bba) from non SRCC/LSR colleges went on to do MBA from Harvard/insead/Wharton/Stanford business schools?
Yes, many non engineers get into the top programs. But you'll have to show an exceptionally strong profile for that.
Request you to please provide insights on MBA in operations and top b schools for the same.
Check this out: www.mbacrystalball.com/blog/2017/03/31/masters-ms-mba-logistics-scm/
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Sir, I have zeroed down my thoughts on the country that I would want to choose for my MBA and that is United Kingdom.
I know your services and consultancy is chargeable but as I am two years away from the point of doing masters, I would just need some preliminary motivation from you based on your experience.
My profile is
1)Very bad engineer with absurd marks(Overall percentage-53 and Final year percentage is 57 through which my marksheet shows that I have graduated with higher second class)
2) I will have 3 years experience by then
Do I fit the bill?(Ofcourse GMAT and ielts will play a major role as well)
Since you admit that academics hasn't been your strength, think about whether you really want to go back into that space.
Many programs in the UK, and EU in general, are shorter (1-year long) compared to those in the US. So they attract more mature applicants.
3 years would be ok for US schools, but for UK it would be better to gain more experience.
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Sameer can you please tell me the certifications to complete to get in to investment banking.
A good, reputed, full-time degree can help more than any part-time certifications.
Hello Sir,
I need your guidance. I did my graduation in metallurgy and then worked at a welding consultancy for one year. After that, I did a PG diploma in corrosion technology wherein I did projects with refineries to solve some corrosion-related problems. Then, I cleared the GATE exam and joined M.Tech at IIT. Currently, I am working at one of the leading Steel industries in process control. I wish to study management and join the consultancy. Can you guide me in this prospect?
We have several videos on how you can get into a good bschool. Check those out, and let us know if you have any specific query.
@@MBACrystalBall Ya i have gone through your videos. My query is will my masters degree and pg diploma help me in pursing mha Or will it create hindrance
?
You'll need to have a convincing reason why you need an MBA when you already have a couple of other MS/PG degrees.
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Great video ....
Q) Do companies other than banks Recruit investment Bankers ?
Yes, the skills that investment bankers possess can be valuable in other industries too. As an example, I-bankers with mergers and acquisitions (M&A) experience can join the corporate development or corporate finance department of a growing company that's looking for organic as well as inorganic growth options.
@@MBACrystalBall thanks for answering my query.
Do investment banks also recuit students from Masters in Management for I banking roles??
Yes, they recruit for analyst positions from masters programs such as MiM, MIB, MFin, MFE.
Plz add subtitles too, thanks
Thanks for the suggestion. Can you share if and why the voice-over was difficult to follow? Was it the pace of narration, vocabulary used, accent, pronunciation, something else?
Update: We've added subtitles to this video.
Could you please make a video on MBA in Technology.
Thanks for the suggestion. We've passed it on to the content team.
Sir I am in my 2nd year Bcom Finance and Accounting program, Intrested in Investment Banking and thinking to pursue CFA or CA then a Master degree in finance and accounting or MBA or Masters in related field. What do you say should I consider CA or CFA. And from Master program MBA Finance or Master in Finance and Accounting as I think I won't be able to do quantitative parts for CAT or GMAT. Please Guide me through this.
If you feel that the quantitative parts of CAT/GMAT are going to be difficult, you'll have to think real hard if you really should aim for investment banking which relies precisely on those skills. Have you thought about that angle?
Sir, Am aspiring for front office roles in Bulge Bracket firms, So should I go with Mfin from a University like NYU, etc, or acquire work experience and then go with MBA in finance. I have a Gre score of 330(169 in Quants, in 2019), as you said that things are never binary and there's tough competition so among M.Fin/MiM and MBA which of them would be more helpful in getting recruited by Bulge Bracket Firms.
Presently, I work as a Software Developer at a Product based firm and done with FRM and thinking to start CFA, am having 2 years of industry experience(Graduated in 2018)
Since you already have 2 years of experience, an MFin or MiM degree will not be as helpful as an MBA. You have a good GRE score, work on building your profile over the next year or two and then aim for the good MBA programs (listed in the video) that feed into the investment banking industry. Would you have the patience for that?
@@MBACrystalBall sir could you suggest what steps should I take to make my profile fit for Bulge Bracket firms and ofcourse will be happy to take professional help from you in future. Thanks a lot, you're doing great work👍🙏
@@Apoorv-tg1fk We've shared several tips here: www.mbacrystalball.com/blog/2019/12/09/from-engineering-to-investment-banking/
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Plz make a video on hedge fund manager
We wrote this on our blog: www.mbacrystalball.com/blog/2018/01/29/hedge-fund-jobs-after-mba/
Sir it is necessary to have Maths or Economics or Accounts in their graduation or high school .
I mean a Humanities students can make his / her career in core finance after mba
Or they had to go for marketing or HR ...
Bcz I feel ~ majority of Non maths or Humanities students go for MBA in HR or Marketing , not for finance or Consulting or Operation .
Is it ??..
Plz reply 🙏🏻
It definitely helps those who have a quantitative educational background, since investment banking is a quant oriented profession. For those who are not from a maths, economics, accounting background, it becomes more important to pick up those skills independently and be able to convince investment banks that you'd be able to learn as quickly as the others.
@@MBACrystalBall oo I see ...
Thanks sir .
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Sir, I wanted to ask you that the gpa requirement in mba schools of bachelors is the average of final year or average of all 3 years?
They'll go with whatever is mentioned in your transcripts, depending on how your university calculates it.
Hi Sameer! I’m a CFA candidate and have to write the exam on July 19th, I enrolled for gmat classes and today was my first class but I’m finding it hard to manage both with my already busy work. What would you recommend? Should I take up Gmat after july 19th (my cfa) and take the test by October because I have been pushing cfa for quite sometime because it was getting postponed due to Covid. Is second round good enough to apply in for MBA? I’m aiming 2022 intake.
Not the most optimal position to be in. Round 2 applications come with their own set of challenges. Which is why we recommend getting done with the GMAT at least 1 year before the application deadlines. A few queries to understand this better: Any reason you enrolled for the GMAT now? Knowing the uncertainty around the CFA, could you have started GMAT earlier?? Was the MBA a last minute decision? If so, would you be willing to take a step back and plan the entire roadmap with more practical milestones?
Don't do MBA and CFA simultaneously. Which level of CFA you are doing?
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I have completed my CFA level 3 does it necessary to have work experience from top well known company to get into top b schools
Yes, all good MBA programs will expect work experience. Working in top and well-known companies can help more than unknown ones.
What about about Global MBA in international business and finance from University of West Scotland ???
It doesn't rank among the top 100. Check with current students and alumni to find out its market value.
Hello.
Which background is better for be a investment banker?
Bachelor economics, master economics
Bachelor economic, master finance
Both are relevant to the field. What'll matter more is the college you graduate from (and its reputations among investment banks), your proficiency with quant and your demonstrated interest in the field.
1. Apart from internships, starting up, and volunteering, what are some non-conventional things you have seen college students do to add to their work experience? (I ask this question because, since the pandemic has started, for some fields, the scope of doing internships in India have become more limited than before)
2. In the application process, apart from the resume, are there any other components, where the work experience is supposed to be listed?
3. Is it a good practice to list extracurricular courses done online in the resume for b-school applications?
1. All 3 you've listed can be done online. You'll have to keep any eye open for such opportunities.
2. The primary online application form itself often includes fields to include your professional experience.
3. Sure, if you think you were able to do something impactful, it doesn't matter if it was online or offline.
Do reply 🙏 Hey there i am currently pursuing by bms in finance will be completing it soon
Also i am about to do cma (management accountant)
Also a pg in analytics and statistics R programming and python
Are these enough to land a job in an investment bank
Or shall I pursue Masters in finance
Or an Investment banking course from NSE
I also want to do Mba but i am saving it for abroad studies
Check the job descriptions of the role you're targetting. They'd mention specifically what they're looking for.
Sir I have chosen BBA in international business so I want to know am I eligible for investment banker job and if I am not so PLZZ tell me what I have to do next to it for become a investment banker
The video explains what's required to get into investment banking jobs.
Hi sir I hope you are doing good , I am currently doing my bachelor's on Mechanical engineering and my ultimate goal is to become investment banker but as you said every top B school will look for work experience so is it advisable to do work in my core before applying for MBA or to get work experience related to finance ? If finance then can you give me some tips on how to get finance related job from engineering background . It would be more helpful if you reply thank you for your time sir .
Here are some tips to get into investment banking after engineering.
www.mbacrystalball.com/blog/2019/12/09/from-engineering-to-investment-banking/
If that's not possible, you can get some experience in your core field and then try for an MBA in finance.
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Can you please make a detailed video on deferred MBA programs? I am an undergrad student in my penultimate year of education and would be trying to enroll in an Ivy League deferred MBA program
We wrote about deferred MBA programs here: www.mbacrystalball.com/blog/2018/12/19/deferred-mba-programs-usa-india-europe/
@@MBACrystalBall Thanks a lot!
Cfa course is worth it for investment banking
Hey my name is charan
My gmat score 640 Q50 V25
However I m attempting gmat once again
Target 730+
I applied to few school Canada Ivey queens and gsu
Georgia state offered me full ride scholarship either sep or jan intake
I wanna study in top school with full ride
Shall I wait for sept 2022 intake
To apply in round 1 this sept
Or shall I take gsu offer.
Even if I take gsu can i study in gsu and Leave gsu to join other top school if they give me full ride ? Is it possible ?
Our suggestions are generally on the conservative side i.e. taking what's in hand rather than wondering about what might happen next year. Changing schools midway is not a good idea.
A lot of people who work very hard to work for giant bulge bracket corporations realize after a few years that they find family business/entrepreneurship more lucrative and satisfying. Does the reverse - people in family business/entrepreneurship moving into status jobs in giant corporations - happen a lot too? Both transitions have the potential to have huge opportunity costs and risks, what steps can be taken to prevent a transition very early on in the career?
We come across folks who want to move in both directions. That's just human tendency. No matter what you've been doing, after a while, the grass seems greener on the other side.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Sir, what is the pathway of becoming a Chief investment officer??
I'm currently doing bachelor's in Business Administration at University of Amsterdam..
I wish to do MBA in top business schools in USA...
The best way to find out about the road to getting into any role is to check out the job description. And then work on getting tick marks on each requirement.
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Hi Sameer Sir/Team,
I am in a fix and need your guidance.
I have a total of 7 years of experience with B.Tech in IT and experience too is in the same field, currently working with IBM India as Advisory System Analyst. However, for past couple of years I feel that there is a stagnation in my career and even people with 20+ years of experience are more or less doing the same work as of mine which I don't want to do.
In all these 7 years I have changed 5 companies in search of some change in my routine but it is exactly the same at all the places. Somewhere it is a bit better than last one but only temporarily and somewhere it worst. Honestly speaking it would be highly frustrating for me to do the same for next decade or so, I don't know how many years.
I feel that an Ex MBA/one year MBA from a decent college could be something which can bring a change and want to go for it. I understand that it won't do some magic or wonder and there is again a risk of once again getting into the same job features even after getting an MBA, if I get into one. Still I want to try now rather than regretting later about the fact that I didn't even tried for my options. I know that I am late but I want to give it a try before it becomes too late.
Do you feel this could be a solution or am I thinking/doing something wrong? or you can suggest something else too.
I had always wanted to ask this but didn't know from whom and how so again bothering you as I know you would have faced this kind of question for some nth times.
Please let me know if you need any more details.
Thanks for going through the details and giving your time.
You've answered several queries in your post itself. Sure, you can go for an MBA. But that will not guarantee you that the pre-MBA trend will not continue. If you are not able to find out what you want, no program will give you that clarity. So, if you decide to go ahead with the MBA plan, make sure you are at least financially secure to absorb any scenario you come across after graduating.
@@MBACrystalBall one thing I am clear about is that I don't want to do the things I am doing now.
Apart from that what I would like to do is something which involves managing processes, people, resources and operations as a career.
Do you think MBA can help in getting such kind of profile?
Financial security I can plan for is maximum of 6 months -1 year in India after graduating.
Yes, that's the most common job profile that MBA grads target. The financial buffer seems quite small though.
great video! ¿may a previous experience in accountancy/finance give me btter chances to be hired?
Prior knowledge and skills related to finance can help. But be aware that most who apply to investment banking jobs will already have that tick mark. So it's important to go beyond the basic requirements and offer the investment bank stronger reasons to recruit you.
@@MBACrystalBall thank you!
We have been in touch in past, before I started my MBA at Kingston University, London.I am back from London to India since last six months due to COVID, had started my own store on e-commerce website and did one and half months of training in sales at ed-tech company. My past three years of work experience have been in designing and business development (majorly). I want to change my portfolio to finance including but not limited to IB, consulting, wealth & risk management etc. Also, I am looking forward to work outside India
As you have vast experience in consulting & career coaching, can you please help me with following queries
optimal way to change my work profile to finance as mentioned above and looking for job opportunities outside India
secondly, trusting job consultancies recruit abroad? though one is my known
PR opportunities for Canada
Unlike brands such as LBS, Oxbridge etc that are known across the world, many other bschools don't have the same brand recognition.
So the best opportunity to change career tracks is immediately after completing the MBA when you're still in the country - by using your bschool resources, alumni networks etc.
It also gets increasingly tougher when you move out of the country you want to work in.
The longer you delay the transition, the more difficult it can get.
We're not familiar with PR agencies, but whatever we've heard about their style of working hasn't been very positive. Be extra cautious if you're considering that route.
Knowing how the global economy has been affected, why not look for something in India?
@@MBACrystalBall Thanks for the reply. I am considering India as well if things do not work out for abroad and started applying for the same. In most of the cases, companies ask for prior experience in the same field
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I'm pursuing CA & will qualify CFA before applying. Will I be able to get in Top business schools in US without bachlors degree as the recent notification of ICAI says CA qualified is equivalent to post graduation?
Best to check directly with your target schools, to avoid any confusion.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Sir please make a video on Wharton business school
Thanks for the suggestion. See if this helps: www.mbacrystalball.com/blog/2017/12/11/wharton-mba-facts-statistics/
@@MBACrystalBall Tq sir
Can you plz tell me that which types of jobs are more demanding after MBA
We have a video on the top jobs after MBA. Check it out.
Sir, really need ur help to improve my career. What should I do?
Can't wait for more years for 2nd masters as already my age is 31. Please Guide me as I am ready to take any risk .
Taking a risk isn't the solution to all problems. Often, it can make matters worse. There's no guarantee that another masters will fix everything, right? Focus on doing well in whatever you're currently doing and building new skills that you can use to grow. In parallel, look for opportunities to gain extra exposure in the field you're interested in.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Can US CMA holder work in Investment Banking as a fresher?
For most entry level positions in I-banking, your skills, knowledge and potential are more important than the qualification.
Can you suggest some business schools in india
Here's a list of top bschools in India: www.mbacrystalball.com/blog/2014/11/28/one-year-mba-in-india/
So if I graduate highschool I go right away to MBA? And that would lead me to the investment banker
You'll need a graduation degree + work experience before you got for a good international MBA.
Sir why MBA
Why not CFA
Becaue CFA is purely for investment banking
And CFA after CA
With 4 years of experience of big four can open door for IB..?
Yes, it sure is possible. But MBA grads have the added advantage of getting access to the time-tested recruitment cycle that the top investment banks design for MBA level recruitment. With CFA, it's pretty much each candidate for himself/herself. There's no institution level backing, no alumni support, no branding. Having said that many get into I-banks based on their prior experience, as opposed to a certification or degree.
Which course to choice
The video includes a list of the top programs that consulting firms recruit from.
Respected Sir,
I want to pursue MBA in abroad preferably in an Australian university. Being form India I am applying for MBA directly after my graduation and thus have no work experience. While this won't be a problem for me to get into an university for MBA but after completing it. Almost all of the job recruiters need their employee to have a work experience so getting a job is almost impossible task as they also prefer local students due to visa issues, can you help me find a solution to this problem.
Your question itself has the answer. Get some work experience before going for an MBA.
@@MBACrystalBall but here's also another problem, My work experience in India does not count in Australia
@@MBACrystalBall So even If I take my work visa and work for 2 years before in Australia before doing MBA, they won't grant me after education work visa after completing my degree and so return back to India right after education.
Sir, I'm 19 and I'm currently doing b.com
I also thought of doing certifications like FMVA, BIWS. Will this help me to get into investment banking without an MBA.?
Investment banks hire non-MBAs too for a wider variety of roles. Check their hiring section to see open opportunities and the qualifications they ask for.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Sir, Analytical tools.. like??
It could range from basic ratio analysis to sophisticated software tools used to crunch/analyse/present hugh volumes of data. More on the first one here; www.mbacrystalball.com/blog/finance/ratio-analysis/
@@MBACrystalBall I had seen the blog
These things are the same as those formulaes which I had studied in accountancy as I am from commerce background.
is Czech Republic or Poland is good for studying mba(marketing)
It doesn't have any globally ranking bschool.
Hi, thanks for the informative video. Just wanted to confirm if CFA with an MIM be a good combo for IBanks?
It could work for junior mid/back office roles, but nothing beats a reputed MBA to get a foot in the door.
@@MBACrystalBall Agreed, but MBAs are expensive and time consuming, plus require some work experience. How should a fresher start go about it then?
You can check on the recruitment section of your target Ibanks to see what they expect from fresh grads who have no experience and what roles they offer. If you join one of the feeder programs that place a higher number of grads in those banks, you can improve your odds.
@@MBACrystalBall Sure, thanks. It's a big rabbithole to dive into. The banks ask for experience plus an MBA alongside CFA but then without experience you won't have both CFA and MBA😅 So how should one go about in this case
See if this helps: www.mbacrystalball.com/blog/2019/12/09/from-engineering-to-investment-banking/
Any chance to enter investment banking from baby(new) iims.
We focus on the Top 100 global MBA programs, so we won't be the right team to answer your query.
Hi Sameer, I'm a 16 y o.. And I want to pursue further studies abroad, what course/college would you suggest for undergrad?
Our focus is on masters level degree. We won't be the right team to advise you on undergrad options.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Sir,
IS CFA & Masters in Finance same?
I had done BBA & had 2.5 years of experience as of now & want to pursue MBA in IB only. So, CFA would be better or MS(F)?
Will my previous 2.5 years of work experience be counted if I start doing MS(F)?
One is a part-time certification, the other is a full-time degree. A good, reputed degree can help more if you're aiming for selective companies.
@@MBACrystalBall i mean in order to have some insight into finance as I am a business graduate not a commerce or engineering graduate.. before starting for an MBA.
You don't need to have finance knowledge to start an MBA.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Hello, I am Yeswanth I have some queries about MBA abroad.
I’m currently pursuing engineering (3rd year, Computer science) and I would like to take a masters degree but I’m not interested in my core so I decided shift my career to get a MBA degree, So please guide with some tips and suggestions
All good international MBA programs will ask for work experience. So it won't be a good idea to go for an MBA at this stage.
@@MBACrystalBall what if I have done few internships related to business administration...?
@@KIRANKUMAR-ov8uy Internships aren't a replacement for full time experience.
Hey I wanted to know I have got an admit from University of San Francisco in their STEM MBA program. I wanted to know how well ranked is the college and is it advisable to pursue as I am inclined towards studying only in STEM MBA. Any pros and cons with regards to the university that could be shared would really help me make an informed decision. Thank you in advance :)
A few quick questions before we share our views: What GMAT score did you apply with? Which other programs did you apply to? What's your post MBA goal?
@@MBACrystalBall I had applied along with GMAT waiver. I had applied to all STEM MBA programs to universities like Davis, Irvine, Mc combs, Kelly. I want to pivot from finance to product management and eventually become a product manager post my MBA.
@@aishwaryagupta2493 McCombs, Kelley are in a different league compared to the others. USF is not considered among the reputed ones. So the brand will not work much for you, as it would for the reputed ones. Make sure you know what you're getting into. If you aren't completely convinced, try to take the GMAT and apply to better ranking programs. It's not just the degree, but also the peer group and overall experience that matters for an MBA.
@@MBACrystalBall I agree but I was short on time when I started to prepare for MBA applications. Hence I had to apply for waiver. I was keen on STEM MBA hence I had applied to USF. I have admits from USF and riverside. Which one would you recommend me to accept and proceed with. Also UC Irvine interview is due.
@@aishwaryagupta2493 We don't get requests to help with those programs (since they aren't too difficult to get in), so we don't have any first hand inputs to share. Which is another reason why you should go the extra distance to find out about the market value of these programs. The exclusivity of the program influences how recruiters perceive their students.
Ive completed BBA and now pursuing CFA level 1. Can i get internship or entry level jobs in IB with CFA level 1 ?
Many Ibanks recruit freshers for their mid and back office roles. Check their websites to see how to apply.
Make research about SmithTrust Bk, once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and make any enquiries
Hi I have graduate degree plus work experience in investment banking. Now I want to do MBA. So I have queries to ask u. can u tell me how to reach you.
You can post your queries here.
What Will be The Chances To Go In IB After Doing CFA AND MBA from Abroad
A good MBA may open up doors, but getting into IB is very competitive. So there are no guarantees.
Is it possible to do mba in abroad after immediate completion of btech in India..at age 22
It's possible if you're targetting low ranked programs, but we don't recommend it.
Sir,can a finance degree holder get the internship?Is there a huge demand for finance degree?
Depends on what degree you are getting and from where. From good universities that have a strong connections in the finance industry, there are many opportunities.
Well,I mean Finance degree or maths degree which one has a more demand?
Can i get into investment banking after computer engineering by completing CFA level 1&2
Investment banks have big IT departments. With your qualification a tech role would be relatively easier to get into, than a front office finance role. Are you open to that option?
@@MBACrystalBall Actually I don't have much interest in coding, but after an MS in Finance from the USA can I enter into Investment Banks, Management Consulting, Private Equity, Hedge Funds as an analyst?
@@pranittambe5461 Yes, that's an option too.
What are best mba colleges in the world ? With fees please .
Watch this video: ua-cam.com/video/iKJcSZf2zZM/v-deo.html
Do i need maths as a subject in class 11 commerce
Not really. As long as you can handle GMAT/GRE level maths, you'd be fine.
How to form your own investment banking.?
Very interesting question. But we won't be the right team to answer it.
Sir,can I join imarticus for investment banking course
We're not aware of it.
Sir I have completed my BCA (bachelor in computer application)..and now I am a fresher.... Then how may I get an job in Canada
Do you mean getting a job in Canada based on your BCA degree?
@@MBACrystalBall yes sir I have completed my BCA in India..... Just tell me how may I get an job in Canada
@@Rohanpatil-mw5np We are not into placements, so we can't answer that query. Most get into a masters degree in their target country and then explore options.
Hello sameer sir, I am completing my bachelor's degree in BBA within 2 months, and want to do my MBA in canada or Australia, but not confirm with which specialization to select, also after my bachelor's degree is it better to do job for experience and and after apply for mba or apply directly for mba without experience? If you could assist me, it would be a great help..
We don't recommend going for any management degree without work experience.
@@MBACrystalBall According to you, how much years of experience is good for me to get best university with any entrance score like Gmat..
@@shreyashturaskar7930 5 years is the class average, so get 3-4 years of experience before you apply.
@@MBACrystalBall Then should i give Gmat now or after 3-4 year?
@@shreyashturaskar7930 The score is valid for 5 years. Take it 1-2 years before you plan to apply.
How many countries have mba marketing colleges with low fees
Not sure if anyone can give a specific response to that, since almost all countries have MBA in marketing programs with fees ranging from low to very high. It would be helpful for you to be more specific while short-listing programs.
With abroad MBA can I switch to investment banking after work experience as a tutor in India?
Other than tutoring, have you worked in any other industry? What role was it in? Any direct / indirect exposure to finance?
I have only worked as a full time tutor with a company named Jamboree education
@@ankitsharaf It can be quite challenging to manage a career change when recruiters don't see any transferrable skills that can be used immediately after hiring. Any specific reason for selecting investment banking when you have no background in the field?
Any other job field that I can target after getting my MBA in the US?
MBA jobs are at the mid / senior level positions. So, whether it's finance, marketing, operations etc - for the salaries they pay, most recruiters would expect you to hit the ground running. Why not try to take up an entry level position in India first, to gain some practical experience?
Could I work in an investment bank at the age of 14? I really have a big passion with business and a lot of education about finance. I even predicted the crash of Bitcoin and the rise of a solar company, but my dad didn't allow me to short sell Bitcoin and to invest in the solar company so I lost the opportunity 😂. If you will say I am too young about stress and more I don't actually care since I have already made a routine. I am also in west Africa.
Most countries would expect you to be over 18 before you can take up full-time jobs. Be patient and build your knowledge & skills. You'll have plenty of opportunities when the time is right.
@@MBACrystalBall Thank you for replying
@@MBACrystalBall I can't handle this anymore I need to work as an investment banker now. I can't wait till am 18 I already have all the knowledge that I need. If you have any employers that could hire me for 2 months for free and then start to pay me please send me a reply. I can't wait no more I need the money for me and my family
@@Sam.observe Our team helps with admissions to business schools. We can't help with jobs.
Hi sameer.
Please tell about my profile
Xth class 8.2 cgpa
12 th 67%
Graduation mbbs
Engage 7 x certification
Bba from harvard (online)
Worked with 2 ngos
Icmr research
If I get a gmat score of 750+ will I get into top bschools
Can you share the link to the BBA from Harvard program?
if we have masters degree in economics is it possible to be an investment banker?
Yes, it's possible.
@@MBACrystalBall ok thank you for the informative video
Why is MBA so relevant? Wouldn't it make more sense to recruit a Master in Finance instead of a MBA?
Investment banks recruit both, but for different roles. MFin grads join entry level (analyst) positions. MBA grads join at senior level (associate/AVP) level positions.
@@MBACrystalBall Why is that? I mean, the MFIN curriculum (at least in my case) is fully oriented to Corporate Finance, Econometrics, Risk Management, etc. I'm not sure what percentage of a MBA curriculum is related to finance, since these programs cover a wide variety of business-related subjects. Thanks for your reply.
It's got less to do with the theory taught in the degree, and more to do with the level of responsibility the employee can handle. MBA grads come with several years of experience, so the expectation is that they've already gone through the basic learning curve and can take on more senior roles.
nt really needs a mba lol
Make a vedio in hindi
Aapke sujhaav mein agar hamare anya bharat vasiyon ko dilchaspi hogi, toh zaroor soch sakte hain iske baare mein!
Sir can a ordinary B.A Economics grad from Loyola College with 8 cgpa and 4 years work exp get into HBS/Wharton for MBA?
If you present yourself as an ordinary applicant, chances look slim.
@@MBACrystalBall No sir what I meant was without any additional certifications like CFA,FRM,CA or so... can I get in provided I score high in GMAT?
Can CAs get into ib ?
Short answer, yes. The details lie in the role you are applying for, the selectivity of the bank, your skills and ability to convince investment banks for your potential.
Hello Sameer,
Hope you are doing well and staying safe in these tough times.
I’m a professionally qualified CIA (Certified Internal Auditor) with more than 5 years of post qualification experience.
I’m currently working with Hewlett Packard Enterprise as a global internal auditor where I have multi cultural exposure and I have previously worked with Deloitte as well. Currently I’m holding two job offers :
1. In a European pharma company (Fortune 100) that’s setting up an audit team in India and I’ll be having multi cultural exposure there and
2. The other is in a real estate ancillary industry (unlisted) in a company based out of Dubai who have operations across gulf and the job position would require travel across gulf for audit purposes.
On work front both are good opportunities where the team is relatively new and I’ll be trying to streamline the audit processes but I’m unable to decide which will add better value to my MBA application.
Based on your experience, can you please help me understand which would add more value to my MBA application, please. An opportunity in India in a fortune 100 pharma company where I’ll have multi cultural exposure or foreign experience in an unlisted company?
Thanks,
Tabrez
What's your post MBA goal? Which industry/role/geography would you like to work in?
@@MBACrystalBall Post MBA, my first preference would be to try and get into investment banking either in M&A or VC in US. Second preference would be to get into consulting/strategy in any of the industries such as fintech/technology.
The pharma company sounds like a better option, since it'll be a more familiar name for Adcoms. And hopefully it's selective when it comes down to recruitment.
@@MBACrystalBall So to sum it up, working for a renowned pharma company in home country might add better value than a mediocre company abroad. Thanks for your inputs, Sameer. I’ll get in touch with you soon again for my application. :)
@@TabrezKhanmd That's right. Think about which one you'd have taken if the MBA hadn't been there in the picture.
Can I become a investment banker with engineering degree?
Do you mean without an MBA? We've shared some tips to do that here: www.mbacrystalball.com/blog/2019/12/09/from-engineering-to-investment-banking/
@@MBACrystalBall no. ...go for mba .
Can we do it with B.Com?
Investment banks recruit a lot of regular (non-MBA) graduates for mid and back office roles.
Sir,
If I did online masters today, then my experience will be counted after that?
Taking in view that I already have 3 years of work experience..
Yes, if you've been in a full-time, salaried job.
@@MBACrystalBall I mean my 3 year experience before masters?
Yes, what you've done so far will always be there on your resume. No reason why anyone would ignore it. Unless you're aiming for a job that has nothing to do with what you did earlier.
What should i do for a good job after graduation ?
Can I became an investment banker without an mba ?
Yes, investment banks recruit for entry level positions (typically analysts) from several undergrad and masters degrees.
@@MBACrystalBall thank you.