Moving from Wealth Management to IB

Hello all,

Let me start by apologizing for rehashing what seems to be a stale topic on this forum, but to clarify I'm not so much asking how possible a shift from wealth management to IB is, as much as I'm asking with my personal circumstances what would be the best actions for me to take going forward.

A bit of background, I managed to get into financial services a bit after high school, obtained my licenses with FINRA and soon after transitioned into wealth management. I have not yet completed my undergrad, I currently go to a state school with very few alumni in IB. I keep my grades up (4.0 at the time of writing), and could reasonably attempt to transfer to a target school or at least a school with some more leads. However, what's largely holding me back from course correcting and going for the more traditional route is that the wealth management branch I work for is a business unit within the structure of a globally present IB. I have direct access to recruiters, analysts, associates, etc. And I'm certain that I could reasonably network and develop relationships with them. I would be treated as an internal hire.

So with consideration for the context presented should I just complete my state school undergrad, seek work in an adjacent unit to the IB (any suggestions there would be appreciated) and complete a target MBA, utilize connections and hopefully get a role? Or should I course correct aim to go a more traditional path? I like the idea of seeking to be a lateral hire but any insights or other ways I could/should go about things would be appreciated.

Thank you.

 

Dolorem at qui dolores voluptatibus labore. Ipsam repellendus dolor veniam veritatis soluta perferendis vitae.

Sint velit porro qui error eum. Laborum molestiae natus voluptatem a rerum quae sequi. Et dolorem voluptas officia praesentium. Inventore dolor quisquam alias architecto impedit modi. Nihil iure ratione et quia laboriosam delectus.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”