I joined a boutique IB (6 employees with <2 years in existence) in Jan 2023. We run $10 - $200M industry agnostic deals and have been very successful. I have 3 YOE. The title they gave me was “director”, on LinkedIn I put associate. I was worried an analyst -> director promotion would look weird. Tbh I have been acting as a director. I have built our our BD pipeline, attended networking conferences, furnished my own deals / clients ($2M in rev).
Should I change my title to VP? MBA is the goal.

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A VP title with your YOE would probably look weird and may hurt your MBA case. IB is a very structured industry, so deviating from the expected on resumes, etc. where a lot of explaining needs to happen is very risky. Demonstrated progression and achievement is a lot more important than maximizing titles.

A feature of boutiques is that you get to play up a lot early on in your career - I think your talk track should be something like “my normalized title is associate but my firm has a unique title structure vs. typical IB so I’m called something different internally; however, given how small / new the firm is, I’ve been able to contribute disproportionally in XYZ ways despite being more junior in my career.”

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Agree with you on the structured industry which is why I have been nervous about it.

The counter argument I’ve heard is that to get into business school you have to try your best and stand out. If I can demonstrate that I I’ve had a lot of responsibility / leadership experience early on in my career it will help me. I definitely am not having the same experience as a person who did the normal analyst to associate track at a BB and just modeled and built decks all day. I have a ton of responsibility and client exposure, I think showing that via title might be the best bet?? But I could be wrong.

One of your arguments is that if I deviate title / YOE it will lead to more explaining which will hurt me, but your solution is that I will have to explain my normalized title vs firm title. It sounds like I will have to explain either way?

Would love your take on this.

Whatever is going to show up on your background report

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