Is it recommended to get an MBA for career investment banking?
Posted on November 9th, 2009 by admin
Banking
I am going to get a Bachelor of Science in Finance and am considering getting an MBA right away. Is it pretty necessary to have an MBA in this industry (I want to work at a big firm such as Goldman Sachs)?
I am going to get a Bachelor of Science in Finance and am considering getting an MBA right away. Is it pretty necessary to have an MBA in this industry (I want to work at a big firm such as Goldman Sachs)?
Filed under: Higher Education (University +)
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There are other ways to get into investment banks, but going to a top MBA program is one of the best. Many leading investment banks recruit actively at the top MBA programs for summer internships and permanent jobs. In fact, if you do a summer internship at an investment bank between the first and second years of your MBA program, and you do well, you have an advantage in getting a permanent position. Of course, every stage of this is very competitive.
Most of the best MBA programs will require you have some full time work experience after your undergraduate degree, so going for the MBA “right away” might not be the best long-term answer. This is a situation where the name of the school will matter, so you are best served by taking your time and finding the right one for you.