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salaries
What does an investment banking analyst do?
How do you get hired an an investment banking analyst?
In London, most of the analysts are hired from the best Undergraduate and Master Degree programmes of top universities across Europe – everything except MBA programmes and some PhD programmes (those will join as associates).
Analysts can get their offer after a successful internship that was done during their studies, or directly after going through investment banking assessment centers. Students that get an offer will start as a “first year analyst” and join an intense training programme that is called the “analyst graduate programme” before starting at their desk, typically in August or September.
MBA Pay over the years
Continuing on the pay surveys, here is another quite good survey done by Business Week on MBA pay after 5, 10, 15, 20 years and over their careers. The usual suspects Wharton and Harvard are on top. To take with a pinch of salt though, as the top schools have a large proportion of students going into finance (banking, PE, Hedge Funds), pushing salaries up.
Its appraisal time! How do bankers get evaluated?
A question that often comes from students and investment bankers to me is "how do I do to be ranked in the top tier?", and also "what happpens during the year-end investment banking appraisal that will decide my bonus and promotion"
So let's plunge into the mysterious depths of the year-end appraisal process. At most investment banks, the process goes like this:
MBAs in Private Equity - education goes a long way
An MBA is typically regarded as a prerequisite to reach the higher echelons of private equity, especially at the larger firms.
But is that true? What does the data tell us?
You will find MBAs are almost in every PE firm
