A right degree is essential to choose a promising career. An MBA is the best step to pivot your career in a new direction and improve business knowledge.
The goal of every student is to work in the highest paying company where there is an opportunity for growth. Likewise, companies expect their employees to be skilled especially in managerial roles. Recruiters want strong work experience, communication, and technical skills to hire people.
So, there are many reasons to attend business school. It may be that you want to move into management, want to start a company, want to break into investment banking profession or related fields.
Let us investigate more on the importance of an MBA in investment banking career here.
Pursue an MBA degree to get into Investment Banking
If you are a working professional, an MBA degree would help you to get credibility for a career change like jumping into investment banking or getting promoted in the existing organization. If you are an investment banking professional, then an MBA degree helps you climb the ladder at a faster rate.
Mention not to say, an MBA degree may not land you in a job at Goldman Sachs or JP Morgan Chase. But it is not impossible too. Most of the recruiters hire people directly from the University campus. It is easy to get noticed if you pursue an MBA degree from a ranked business school and high-ranked MBA programs.
“The best way for college graduates who are working outside the investment banking sector to pivot into the industry is to pursue an MBA degree”, says Delano Saporu, financial advisor and the founder of New Street Advisors Group financial advising firm, New York City.
A few of the top-ranked MBA programs are from the University of Pennsylvania: Wharton; New York University: Stern; Columbia Business School; London Business School; University of Chicago: Booth; University of Cambridge: Judge; Yale School of Management, and more.
Getting into Investment Banking after MBA Program
Apart from the MBA program, the right preparation is necessary. It is helpful to know more than a number crunch. A course in marketing, human resources and technology add value to the education profile.
Moreover, a certification in investment banking from a well-renowned certification body validates your practical knowledge on the subject matter and stay distinct among the fellow competitors.
To break into investment banking, it is necessary to have experience in private equity or a Pre-MBA finance internship. If you have experience in the technology industry where Venture Capitalists invest or working in Hedge Funds helps you enter the field.
Start networking. Follow the top leaders on social media. Keep updated yourself about investment banking in the market. Know the available investment banking certifications, the value and authenticity of certifications before choosing.
Key takeaway
An MBA degree may not fetch you a job in investment banking right away. But it makes someone look at your resume one more time during the recruitment process.
If you want to realize a career in investment banking, be strategic with choices.
