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Feels bad man smooze5/26/2023 ![]() Today, it is very important to be open-minded and flexible if seeking to enter the industry. The industry as a whole is shrinking fewer people are being brought into the bulge bracket global firms and even fewer get to stay. The macro-economic environment everywhere is not pretty and investment banks are suffering meaningfully. Think twice! I was fortunate enough to have started in a very different market environment and had a great career in investment banking, but in today’s environment it’s very tough to try and break into the industry. ![]() What advice would you give people currently trying to do so? Goldman’s more structured process required you to choose a specific division from day one. So I applied to some associate schemes out of sheer curiosity and was lucky enough to get offers from both Morgan Stanley and Goldman Sachs.Ĭhoosing between them was very tough, but after much deliberation I ended up choosing Morgan Stanley because of their people and their “associate pool” programme, where you got to rotate in various departments within investment banking for a few years before specialising and that appealed to me because I had no prior experience, so it would have been tough to choose a specialty from the beginning. It was the early-1990s, I was set to graduate with my MBA from MIT’s Sloan School and investment banking was the hot industry that everyone talked about on campus. How did you break into the investment banking industry? She tells us why, and offers advice to any investment bankers looking for alternatives currently. After such a long period in the same bank, she decided to go it alone by setting up boutique firm deNovo Corporate Advisors in Dubai. May Nasrallah worked at Morgan Stanley for over 15 years, in locations across the world and in multiple divisions.
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