option A or B
Out of context: Reply #26
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thanks for the insight MrDinky. although i was under the impression that a graduate degree does allow you to skip entry-level positions. like on some major financial institutions' recruiting sites, the analyst position will require a bachelors and the associate position requires 2 years' experience or a masters. is this not the case usually?
you said that with an MBA, I won't be able to work in finance? surely an MBA wouldn't hurt my chances, right?- its all about age. most ibanking do not like to teach old dogs new tricks.
example 1: you have trader but want to go in to ibanking, you have been working at XXXX trading desk for 5 years and now finished MBA with finance focus. you are 28.
A: you cant get in to ibanking because most managers like to train the young. older ones with other speciality will bring about his/her own ideas/process and thats not good for business.example 2: you are 28 year old designer / coder / marketing / IT who wants to get in ANY finance (ibanking, trading, banking, M&A etc) and you do not have finance / economics background but decide to take MBA anyways cause you are so darn smart and able to do algebra in your head with ability to understand P&L etc.
A: you may get in to banking but nothing lucrative. most likely have salary cap with lower bonus range. but regardless, you will be jumping hops for someone who is in their early 20s who has no family or gf/bf and no responsibilities. hard to compete.Other option:
get in to Harvard Law School. that will get you in to Goldman as analyst. MBA is only worth it if you go to top school. but that wont guarantee you a job in finance.Also, you WONT skip a step if you have MBA. I managed few MBA-ers at same age because i was at the firm longer. (i didnt work in finance)