TexasFanatic Posted 19 hours ago Posted 19 hours ago I am about to start my MBA and have been doing some IB technical prep to help me get ahead of the process. I know UT sends a lot of kids to Houston for Energy IB and some to NY. Any alumni have any insights on their experience, exit opportunities, and/or advice/recommendations? My ultimate goal is to work 2/3 years in IB and head towards buy side. Looking forward to the process. Hookem Quote
Ravishing Rick Posted 19 hours ago Posted 19 hours ago At UT you need to work extremely hard to get excellent grades. Get a banking internship. While there, work your ass off to do great work. Build as many deep relationships as you can. A lot of people neglect the relationships portion….relationships alone aren’t enough, but excellent work plus relationships is the way. 1 Quote
TexasFanatic Posted 18 hours ago Author Posted 18 hours ago 22 minutes ago, Ravishing Rick said: At UT you need to work extremely hard to get excellent grades. Get a banking internship. While there, work your ass off to do great work. Build as many deep relationships as you can. A lot of people neglect the relationships portion….relationships alone aren’t enough, but excellent work plus relationships is the way. Thank you for the reply. I have an accounting background and hope to leverage those skills plus what I learn in my MBA. I will network as much as possible and will work tirelessly at any summer associate internship I get. My buddy on the alumni board for WSFM is also going to help me out. My fiancé and I, prefer NY than Houston. However, I’d take the best opportunity I receive and run with it. Quote
LECHorns Posted 18 hours ago Posted 18 hours ago This probably isn’t what you want to hear on a football message board, but post-MBA to IB will be a tough route to buyside. You won’t have the buyside experience to fill a VP role in PE, and you’re likely too experienced to start as an Associate (which is usually a 2/3 year role that ends in an MBA). Your best bet is probably energy - some of the energy PE groups can be a little less “traditional” than non-energy. There are still terrific career opportunities available, but the “fairway” buyside gigs will be tough. You could also consider some of the less traditional type shops like family offices, independent sponsors launching, etc. Maybe head of corp dev at a PE backed portco that is a serial acquirer? The few folks I know that did IB post-MBA are all either still bankers or in a corp finance role (eg, CFO). Just my two cents. What did you do pre-MBA? 1 Quote
Oldest Horn Posted 4 hours ago Posted 4 hours ago Figure out your gap summer opportunities as soon as you set foot on campus, if not before. Depending on your background you may find buy side opportunities right away. 1 Quote
JMarquette Posted 3 hours ago Posted 3 hours ago Just go Wolf of Wall Street style - IB guys love drugs Quote
TexasFanatic Posted 3 hours ago Author Posted 3 hours ago 15 hours ago, LECHorns said: This probably isn’t what you want to hear on a football message board, but post-MBA to IB will be a tough route to buyside. You won’t have the buyside experience to fill a VP role in PE, and you’re likely too experienced to start as an Associate (which is usually a 2/3 year role that ends in an MBA). Your best bet is probably energy - some of the energy PE groups can be a little less “traditional” than non-energy. There are still terrific career opportunities available, but the “fairway” buyside gigs will be tough. You could also consider some of the less traditional type shops like family offices, independent sponsors launching, etc. Maybe head of corp dev at a PE backed portco that is a serial acquirer? The few folks I know that did IB post-MBA are all either still bankers or in a corp finance role (eg, CFO). Just my two cents. What did you do pre-MBA? I started at a Big Four firm and recently worked in fund accounting. Also thank you for the detailed response Quote
TexasFanatic Posted 3 hours ago Author Posted 3 hours ago 46 minutes ago, Oldest Horn said: Figure out your gap summer opportunities as soon as you set foot on campus, if not before. Depending on your background you may find buy side opportunities right away. I have been networking with some folks for IB recruiting. I plan to attend as many events as possible. There is also a fellows program I will apply to as well. FYI, my background is tax accounting (Big Four) and fund accounting (for a large Investment Mgmt firm) Quote
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