I-Banking Analyst Competitiveness

Career Opportunities & Internships
1

<p>Some peers have recently introduced to me the idea of pursuing an investment banking career, starting out as a first-year analyst. I have done quite a bit of research on IB lately and on what an analyst has to suffer through. However, I have found nothing on the chances of actually getting this particular positon.</p>

<p>I am a rising senior at Johns Hopkins majoring in neuroscience with a hefty background of research at the medical school, but I have absolutely no background in investment banking, economics, or finance. However, I know that there are no absolute requirements per se. In a broad sense, I feel that I have sufficient work ethic and enthusiasm to actually do the job, but that doesn't lend itself to actually getting the job. Any knowledge about the competitiveness/acceptance rates and/or the number of candidates for any given top 20 school? Thanks</p>

2

<p>You don't need any background. Just read up on that background before your interview so you at least know the basics. Many non-finance majors have applied to IB and gotten in (and survived). Even Blackstone's management committee is comprised of non-finance majors. You are going to an excellent school (premed?)--and any scientific background can translate into great quantative and analytical skills. </p>

<p>Most acceptances are Ivy's, but more and more firms are picking the cream of the crop of other Tier I schools. </p>

<p>You need more than enthusiasm: You need hunger and experience.</p>

<p>Here are some things to read:</p>

<p>Vault.com
Monkey Business
Running of the Bulls
Goldman-Sachs</p>