I’ve been considering a career transition into investment banking, leveraging the transferable skills I’ve developed over nearly a decade in marketing. Before I move forward, I’d appreciate your insights on the following:
- What is the scope for someone with a marketing background to enter investment banking?
- What kind of job opportunities and starting salary ranges could I expect after making the transition?
- In what ways could you assist me in landing a role in investment banking?
Looking forward to your guidance.
I'm happy to support you! I would recommend you start with a few quality (and free) resources. The Corporate Finance Institute (CFI) offers free introductory courses on accounting, financial analysis, and Excel - great for understanding the basics. Macabacus is still a solid reference for financial modeling, valuation methods like DCF and LBO, and Excel shortcuts. Investopedia is helpful when you need clear explanations of key terms and concepts. It's great for quick reference or to deepen your understanding.
I also noticed that PrepLounge recently added some finance-specific cases to their case library. I haven't gone through them in detail yet, but at first glance they seem useful, especially for practicing finance questions in a case context.
If you feel that your background in business fundamentals is limited, an MBA can definitely be helpful, not only to build that knowledge, but also to position yourself more credibly for a move from marketing to finance. However, an MBA is not absolutely necessary if you are willing to invest time in learning and can demonstrate your skills through practical experience or good interview preparation.
Keep up the good work!