How do you get into IB?

Go talk to your counselor.

And if you don't understand the counselor, ask your parent to visit the counselor.

To get into Investment Banking (IB), you will need to follow a series of steps. Here's a breakdown of the typical path:

1. Education: Start by earning a bachelor's degree in finance, economics, business administration, or a related field. While not always mandatory, having a strong academic background in these fields can increase your chances of getting noticed by top firms.

2. Networking: Building a network is crucial in getting into IB. Attend career fairs, join finance-related student clubs, and reach out to alumni or professionals in the industry for informational interviews. Utilize online platforms like LinkedIn to connect with professionals and stay updated with industry news.

3. Internships: Secure internships during your undergraduate years, ideally at reputable investment banks or financial institutions. Internships provide practical experience, exposure to the industry, and an opportunity to build relationships that can lead to full-time job offers later on.

4. Develop key skills: Focus on developing analytical, quantitative, and problem-solving skills. Proficiency in financial modeling, Excel, and PowerPoint are highly valued in IB. Consider taking certification courses in financial analysis or investment banking to enhance your skillset.

5. Research and understand the industry: Familiarize yourself with the different divisions within investment banking, such as mergers and acquisitions (M&A), equity capital markets (ECM), debt capital markets (DCM), and sales and trading. Understand the role and responsibilities of each division to determine your area of interest.

6. Prepare for interviews: Investment banking interviews can be challenging and highly competitive. Practice technical questions related to finance, accounting, valuation, and capital markets. Be prepared to discuss your experiences, motivation, and knowledge of the industry. Utilize resources like online forums, books, and mock interviews to refine your interviewing skills.

7. Apply for entry-level positions: Once you have completed your education and gained relevant experience, start applying for entry-level analyst positions at investment banks. Research the recruitment processes of different banks, as they may differ in terms of applications, tests, and interviews.

8. Consider graduate studies: Some candidates choose to pursue a master's in finance, business administration (MBA), or a related field to gain a competitive edge and access to advanced networking opportunities. However, this step is optional and depends on individual goals and circumstances.

Remember, breaking into IB can be highly competitive, so perseverance, networking, and continuous learning are key.