Comments on: Stuff Investment Bankers Don’t Like: The CFA, Your Activities, Your Ph.D., and More https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/ Discover How to Get Into Investment Banking Wed, 13 Mar 2024 22:40:59 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: M&I - Brian https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-704705 Sat, 01 Jun 2019 02:58:16 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-704705 In reply to Dave.

If they won’t support an MBA, then, honestly, there isn’t much worthwhile that will help you get into a larger bank. The CFA is the only other useful, widely recognized course/certification, and that isn’t even too helpful for IB.

So… I don’t know, maybe financial modeling courses such as the ones offered here or in-person ones, or something more general like management and leadership-type classes.

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By: Dave https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-704583 Wed, 29 May 2019 13:48:48 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-704583 So I currently work in M&A in a small boutique. They are offering to finance a course of my choosing to help my professional development.

What qualification do you think is best to go for? Something that will either help me get into bulge bracket or will just be good for my career and worth my time? They won’t support an MBA.

I understand just working hard here and building experience help’s, just talking about the icing on the cake.

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By: M&I - Brian https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-704212 Wed, 22 May 2019 16:42:15 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-704212 In reply to Paul.

Banks usually do not give internships to non-students and non-recent graduates. So I think it would be tough to pull it off here – you would probably have to go for full-time roles in complementary groups instead (think about aircraft leasing in addition to traditional IB).

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By: Paul https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-704182 Wed, 22 May 2019 08:38:14 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-704182 Hi,

Do you know if companies would be willing to offer internships to individuals who are not currently enrolled in school?

I don’t have IB internship experience. I did a summer internship at E&Y and after undergrad, I worked in commercial banking for a little over a year before starting a brokerage for aircraft parts with another partner. I did just complete an MSF (not from a top school) to help with financial knowledge in the meantime as I knew I wanted a career in finance.

Is it uncommon for non-students to apply for internships to get acclimated in IB? Thanks

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By: M&I - Brian https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-703416 Wed, 08 May 2019 18:14:32 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-703416 In reply to Tee.

Did you read the follow up? https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-2016-edition/

The issue is that yes, the CFA helps you a bit (and it’s not a “degree” – it’s a certification), but it makes a small difference next to having a top-tier university, business school, and internships on your resume. So, yes, you could do it, but it’s not going to magically get you into Goldman Sachs if you’re coming from an unknown school and you haven’t had relevant work experience.

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By: Tee https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-703336 Tue, 07 May 2019 10:45:18 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-703336 Is it impossible to get into investing bank with cfa degree?

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By: M&I - Brian https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-697531 Wed, 20 Feb 2019 02:53:51 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-697531 In reply to Thanet Phoumsavanh.

First, you should be really careful about posting your real name and information online… what if a recruiter Googles you and sees your questions in the future? It wouldn’t reflect too well on your job search and interviews at the company. I’d strongly recommend deleting those links ASAP.

I think it will be extremely difficult to win an IB internship, especially in Singapore, if you graduated from a non-top school with a 3.2 GPA and only have 1 internship experience at a commercial bank. Your best bet is probably to complete a Master’s degree and then move in from there, or to take some other job, such as at a Big 4 firm, independent valuation firm, consulting, or something else in professional services first, and then move into IB from there. See: https://mergersandinquisitions.com/how-to-get-into-investment-banking/

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By: Thanet Phoumsavanh https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-697318 Fri, 15 Feb 2019 08:08:51 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-697318 Dear Brian,

I’ve read some articles you wrote about investment banking and I found it extremely insightful compared to other websites. I also love that you reply to everyone.
Here’s my situation:
1)I am graduating in May, at RMIT offshored in Singapore (this isn’t a top tier school), and I am expecting to get a 3.2 GPA for this bachelor’s degree in Business Management (I also have a minor degree in Finance).
2) My only work experience related to finance is financial analyst internship in Laos at a French commercial bank, where I helped them analyst client’s credits, visited their factories, discussed their plan and so on. I earned a recommendation letter from the head of corporate department here is the link: https://1drv.ms/f/s!AuLqv9gAbCWdmTykLicn2NhfOzSw
3) In 2017 I stopped my education to build a restaurant using my sibling’s fund, it is now running profitably, and its cash flow adequately covers my living expenses as a student. You can find out more about my restaurant journey in the following link: https://1drv.ms/f/s!AuLqv9gAbCWdlTO5g6L_lgOWx734
4) I have also written some relevant reports such as industry analysis, equity analysis, excel financial modelling, which can be found here: https://1drv.ms/f/s!AuLqv9gAbCWdgj-g5pGmpSLps7-B

Do you think I can get an internship from any big investment bank?
If not what else should I do to increase my chances to land an internship at investment banks?

Thank you in advance Brian, I hope you have time to reply

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By: M&I - Brian https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-682272 Fri, 15 Jun 2018 10:44:58 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-682272 In reply to Mayo.

Maybe an internship before/during the program that is more relevant

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By: Mayo https://mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/#comment-682109 Wed, 13 Jun 2018 04:04:56 +0000 https://www.mergersandinquisitions.com/?p=1355#comment-682109 In reply to M&I – Brian.

Thanks for the response Brian. Apart from the required networking and self-study, is there anything I could do to best prepare for FT IB recruiting?

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