Is it possible to break into investment banking as an experienced hire?

Question

I have three years of work experience in the finance division of a multinational corporate, and I’m considering transitioning into investment banking. I know most IB analysts are hired straight out of undergrad or through structured MBA programs, but how do banks view experienced professionals coming from industry? Are there specific criteria where expectations are higher for lateral hires? Would I be applying for an analyst role, or would I have a shot at associate-level positions? Any insights on how to position myself best for this transition?

Answer 1

Yes, it’s definitely possible! With three years in a corporate finance role, you already have a solid foundation, but banks will expect you to show strong technical skills and a clear reason for the transition. You’d likely be considered for an analyst role unless you have direct deal experience or an MBA, which could put you in the running for associate. To position yourself best, focus on networking, sharpening your financial modeling skills, and framing your experience in a way that aligns with IB work (think valuation, FP&A, or strategic finance). Happy to chat more if you need guidance!

Answer 2

Yes, it's absolutely possible to break into investment banking as an experienced hire, and your background in corporate finance is a relevant asset. While the traditional paths are undergrad-to-analyst or MBA-to-associate, banks do hire laterals to fill unexpected openings or address specific needs.1 Your three years of experience would typically position you for an Associate-level role, as analysts are generally recent graduates or those with very limited prior experience, and banks look for lateral hires who can "hit the ground running" with a solid understanding of financial concepts and work processes.

To best position yourself, you need to highlight your transferable skills extensively. Emphasize your analytical abilities, financial statement analysis, any modeling experience, project management, and cross-functional collaboration gained in your corporate finance role. Network aggressively to find opportunities, tailor your resume and cover letter to showcase your understanding of M&A and capital markets, and be prepared for rigorous technical interviews, as expectations for experienced hires are high – you'll need to demonstrate not just knowledge, but also how your prior experience translates directly to value creation in an IB context.

Answer 3

Having worked in both consulting and finance, I’d say the main difference is the focus. In consulting, it’s about big... (read entire answer)

Having worked in both consulting and finance, I’d say the main difference is the focus. In consulting, it’s about big-picture problem-solving, like helping a client expand into... (read entire answer)