Harvard | Mr. African Energy
GMAT 750, GPA 3.4
Chicago Booth | Mr. Healthcare PM
GMAT 730, GPA 2.8
UCLA Anderson | Mr. SME Consulting
GMAT 740, GPA 3.55 (as per WES paid service)
Duke Fuqua | Mr. Quality Assurance
GMAT 770, GPA 3.6
Columbia | Mr. Energy Italian
GMAT 700, GPA 3.5
Duke Fuqua | Mr. Salesman
GMAT 700, GPA 3.0
Stanford GSB | Mr. Army Engineer
GRE 326, GPA 3.89
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
INSEAD | Mr. INSEAD Aspirant
GRE 322, GPA 3.5
Duke Fuqua | Mr. Army Aviator
GRE 314, GPA 3.8
Kellogg | Ms. Big4 M&A
GMAT 740, GPA 3.7
Harvard | Mr. Renewables Athlete
GMAT 710 (1st take), GPA 3.63
Harvard | Mr. Healthcare PE
GRE 340, GPA 3.5
Harvard | Mr. Military Quant
GMAT 730, GPA 3.6
Wharton | Mr. Future Non-Profit
GMAT 720, GPA 8/10
Kellogg | Mr. Concrete Angel
GRE 318, GPA 3.33
Kellogg | Mr. Maximum Impact
GMAT Waiver, GPA 3.77
MIT Sloan | Ms. Rocket Engineer
GMAT 710, GPA 3.9
Wharton | Ms. Interstellar Thinker
GMAT 740, GPA 7.6/10
Harvard | Mr. Finance
GMAT 750, GPA 3.0
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
Kellogg | Ms. Sustainable Development
GRE N/A, GPA 3.4
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Harvard | Ms. Female Sales Leader
GMAT 740 (target), GPA 3.45
Tuck | Mr. Liberal Arts Military
GMAT 680, GPA 2.9
Harvard | Ms. Gay Techie
GRE 332, GPA 3.88
INSEAD | Mr. Product Manager
GMAT 740, GPA 63%

Using Social Media To Get Accepted

How An MBA Can Lead To Investment Banking

If you’re interested in becoming an investment banker, you may want to apply for an MBA.

Experts say the MBA can act as a gateway to prestigious investment banking firms, such as JPMorgan Chase & Co.

Ilana Kowarski, a reporter at US News, recently spoke to experts on how an MBA can help place students in investment banking positions.

WHAT DO INVESTMENT BANKERS DO?

Investment bankers essentially sell money to companies.

“Issuing stocks or bonds requires finding someone to buy them, and most companies aren’t good at selling stocks and bonds, so they hire investment bankers as middlemen to help them find people looking to invest money,” Matt Levine, a financial writer for Dealbreaker, says in an NPR article.

Part of the allure of investment banking is the high pay potential.

According to US News, entry-level compensation in investment banking can often top $120,000 per year with base salary and bonuses combined. Go higher up the chain, in positions such as managing director, and you can often earn more than $1 million a year.

HOW THE MBA FITS IN

Experts say an MBA from a prestigious university can be attractive to investment banks. Prestige is especially critical when it comes to investment banking.

“The problem is, you may get just as good an education from not-a-top-20 school, but it’s very difficult to get the entree in or to get into the hiring process unless you have that on your resume,” James Cassel, chairman and co-founder of the Cassel Salpeter & Co. investment banking firm in Miami, tells US News.

Part of why prestige matters is because a number of investment banks have established relationships with the top b-schools and recruit exclusively from those schools.

Pascal Michels, formerly the head of financial services in the career services office at IESE in Barcelona, Spain, tells TopMBA that recruiters at banks often have a target list of schools they recruit from and if you don’t go to one of those schools, your chances of securing a position at the firm are slim.

Experts say MBAs interested in investment banking should choose an MBA program that offers a strong finance curriculum with a variety of other disciplines. Cassel says MBAs should “know more than how to crunch numbers,” and take courses in marketing, human resources, and technology.

However, demonstrating technical and quantitative skills is a must.

Experts say students interested in investment banking should get a head start on building financial skills.

“Anything you can do to acquaint yourself with the valuation work that is done in investment banking is going to save you time once you are on campus,” Michels tells TopMBA.

Sources: US News, NPR, TopMBA