Should I try for IB career?
Hello folks, Thanks for your reading first.
I am 30y/o asian in asia market. My career is little untypical and found out that my resume rarely passes the 1st screening.(few did)
I started off with Big4 accounting(less than a year) and moved on to Central Bank asset management group to manage direct corporate bonds(IG) mandate for 3.5years. Then I made my move to Big Pension fund 2yrs ago and now primarily focused on Private Equity co-investments. I vetted at least 15 co-investments, of which some were large size co-underwritings. (So in FoF role, co-investment function)
Recently, I tried to move to more direct side of investing in APAC region, but there are just few openings for co-investment specialists. All HHs are looking for a IB junior for traditional buyout firms. There is less opening for global FoF co-investment position.
So I was wondering if I should apply for IB to develop my career in more direct transation side as there seems to be much more opportunities there.
And have you seen any of cases guy landing on a IB associate or analyst role at 30y/o?
I am "not" necessarily trying to break into MF PE shops and LMM PE funds or co-investment roles with some direct investmets will be definitely appreciated.
Based on the WSO threads and discussions, transitioning into Investment Banking (IB) at the age of 30 is definitely feasible, especially with your robust background in asset management and private equity co-investments. Here are some points to consider:
Leverage Your Experience: Your experience with Big4 accounting, central bank asset management, and private equity co-investments is valuable. These roles have likely equipped you with a strong understanding of financial analysis, due diligence, and transaction management, which are crucial skills in IB.
Networking is Key: As you've noticed challenges with resume screenings, intensifying your networking efforts could be beneficial. Connect with professionals in the IB sector in the APAC region, attend industry conferences, and engage in online forums like WSO to increase your visibility and chances of referrals.
Tailor Your Resume: Given that headhunters are looking for candidates with IB experience for traditional buyout firms, it’s crucial to highlight the aspects of your current and past roles that align closely with IB work. Focus on your transactional experience, deal-making skills, and any direct investment analysis you've conducted.
Consider an MBA: If breaking into IB proves highly challenging, an MBA from a reputable business school could provide a structured path into the industry, especially at the associate level. This could also expand your network significantly.
Age is Just a Number: While starting in IB at 30 might be less common, it is not unheard of. Many professionals transition into IB from related fields like yours at similar or even later stages in their careers.
Explore All Avenues: While targeting IB roles, also consider other direct investment roles that might benefit from your background. Roles in corporate finance, strategy, or continued work in private equity might also offer the transactional experience you seek.
In summary, transitioning to IB is a realistic goal given your background, but it will require strategic effort in networking, resume customization, and possibly further education. Your diverse experience can be a significant asset in this competitive field.
Sources: Can I start at 30?, A Guide for Switching From Commercial Banking to Investment Banking, I Need You, WSO + Its Time To Move - Asia Job Search, Advice on career and the switch into investment banking, Analyst at 27 or head to B school?
Not a bad idea honestly. You have a lot of good fundamentals that they look for. Definitely want to start here before taking a shot at PE.
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