How to use an MBA to get a job at Goldman Sachs, JP Morgan, or Morgan Stanley...

It’s not as easy to ‘leverage’ an MBA and end up with a job in an investment bank as it was. These days, banks hire fewer MBAs than they used to, particularly into sales and trading roles. They also seem to be a lot more fussy about who they hire. Having said that, banks are still recruiting MBAs: the 2015 associate class is now in place at most leading US investment banks. Based upon the profiles of those who were hired this year, this is what it takes to convert your Masters in Business Administration into a job at a leading US investment bank now. 1. You’ll need to go to a top school There are plenty of rankings of top MBA courses for banking jobs, so it’s no surprise that the world’s top investment banks like to hire the world’s top MBAs. Rami Rankoussi, a new associate at Goldman Sachs, came from the London Business School. Zachary Upcheshaw, another associate at Goldman, came from Darden. Nancy Jiang, an investment banking associate in the TMT team at J.P. Morgan came from Kellogg. Zichao Du, an investment banking associate at J.P. Morgan in Hong Kong, came from MIT Sloan… 2. You’ll probably need past exposure to finance An MBA is supposed to be a vehicle for a change of career, and you can use the course to re-orientate your role, but most of the associates in our sample had some prior finance experience. Take Kate Lee, a Morgan Stanley associate who took an MBA at the Stephen M. Ross School of Business at the University of Michigan and previously spent five years working as an associate in at Woori Securities and Daiwa Capital Markets. Or take Rankoussi, who was a...