What are my prospects for landing a solid investment banking exit after graduating from Western Ivey and gaining two years of experience in the field?
As a student working towards a combined degree in Computer Science and HBA at Western Ivey, I’m focused on entering the investment banking industry. However, I’m also considering my long-term career plan, as I know the demanding hours in IB won’t be sustainable for me.
My goal is to work in Canadian investment banking for about two years before transitioning to an exit opportunity, ideally in private equity, venture capital, or hedge funds. What are my chances of securing a desirable exit in the U.S. with a degree like mine and two years of experience in the Canadian market? Additionally, are there other high-paying and prestigious career paths I should consider after investment banking, aside from roles like FP&A or corporate development?
One response
Your plan seems well thought out, and your degree from Western Ivey coupled with two years of investment banking experience will definitely position you well for future exit opportunities. Here’s a breakdown of your prospects and considerations:
Reputation of Western Ivey: Western Ivey has a strong reputation in Canada, particularly in finance and business. While US firms may not be as familiar with it as they are with some Ivy League schools, its reputation is solid among Canadian firms, which can help you leverage your experience when applying in the US.
Experience in IB: Two years in investment banking will give you robust analytical skills, financial modeling experience, and exposure to client interactions, all of which are highly valued in private equity (PE), venture capital (VC), and hedge funds (HF). The experience will also allow you to build a network that can be beneficial for your future transitions.
Exit Opportunities:
Consulting or Strategic Roles: While you mentioned you’re not interested in FP&A or corporate development, some strategic consulting roles could align well with your background.
Networking: Start building relationships with professionals in your target areas (PE, VC, HF) during your IB stint. Attend industry conferences, engage with alumni, and try to find mentors who can help you navigate the transition.
Location and Market Considerations: Moving to the US for your exit will be easier if you have connections and somewhat tailored experiences. If you’re looking at major financial hubs like New York or San Francisco, any relevant internships or networking events connected to your target firms will also be beneficial.
Other High-Paying/Prestigious Exits: Aside from PE, VC, and HF, consider roles in fintech, startup incubators, or positions with firms that integrate technology and finance, which could leverage both your CS skills and your investment banking background.
In summary, with a degree from Western Ivey, two years of experience in Canadian investment banking, and a solid strategy for networking and skill-building, you have promising chances for good exit opportunities in the US. Keep your options open, stay proactive, and ensure you are continually developing the necessary skills that align with your career goals. Good luck!