<p>Hi,</p>
<p>I recently graduated from college with BA/BSc in math and economics and was recently offered a position as a Research Associate at the Federal Reserve Bank of New York. The research division I am at in the bank is in microeconomic, monetary policy and international market. Do you think the experience I can get from the Federal Reserve, as they control many economic indicators, will be good experience for investment banking? Does anyone know anyone who has worked at the Federal Reserve Bank of New York?</p>
<p>Thank you all for the help :)</p>
<p>I am not sure how the position would transition into IBD, but I do know that it is not uncommon for employees in the regulation part to usually leave after 5-10 years to work at an investment bank (selling information about the banks competitors, discussing how things are running different at all the banks, best/worst strategies).</p>
<p>It’s certainly a good experience – however, you probably are going to want to get an MBA, preferably from a top 10 school, to try to break into investment banking as an associate.</p>
<p>giants92, why would I need an MBA to get into an investment bank? They recruit people with BA’s of all different backgrounds and experiences.</p>
<p>^ Tendency is far greater to hire students right out of undergrad. They don’t really need creativity, intuition, and a global mind for IB, mainly just young work-whores who are willing to give up their lives for 2-3 years for the exit opportunities. I haven’t heard of many people older than 24 starting as analysts. </p>
<p>Also, I’d say about 90% of all analysts come from on-campus recruiting, and to get in after a few years you’d be applying in the normal applicant pool.</p>
<p>giants92 is alluding to the fact that you’d have a much greater chances going to an MBA program after your stint at the Fed, and then applying directly as an associate rather than as an analyst.</p>
<p>my friend got an internship at FRNY. He said it was the best thing he did.</p>