Some readers asked me if their previous retail banking or non banking finance experience will be counted when they apply for an IB job. You might be interested to know what senior bankers did when they started their investment banking career. Let me tell you some real samples. Please note these candidates are currently working for international bulge brackets.
Current role: Head of Asia Equities
First job: Reinsurance Analyst/Broker (2 years)
Total years of experience: 17
Current role: Head of Credit, Asia Pacific; double-hatting CAO
First job: Associate, Syndication and Capital Markets (4 years)
Total years of experience: 28
Current role: Managing Director, Asset Management Division
First job: Executive Trainee/Customer Accounts Manager, branch deposit accounts (3 years)
Total years of experience: 26
Current role: Quantitative Analyst, Hedge Fund Division
First job: Research Assistant, Centre for Fin. Eng., XXX University (1 year)
Year of work: 10
Do I Need an MBA or CFA?
Some readers asked me if they should go for an MBA or CFA in order to start an investment banking career or get a promotion. Answer is: it is good to have one, but it is not a must. As I mentioned before, a basic university degree (in any discipline) is good enough for you to start a banking career. In some cases, a country head or a regional head had only one bachelor’s degree. I even met a CEO without completing any formal education and left school at the age of 16. Of course these are rare cases, but if you can prove your capability, you are on the road towards success.
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Investment Banking Career