Is an MBA really the only way to get into investment banking and private equity? Or is nepotism really the driving force?

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Neither. You can break into IB from a top undergrad program, and move to PE later.

Or you can get into a bank with a relevant degree and network your way to an IB role and then move to PE.

Or MBA. Or nepotism.

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OP, what do you do at MS?

Try not to get laid off at this point.

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What is nepotism?

Try a dictionary or google…

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Don’t need a MBA.
The stories of the f^ck ups of post-MBA associates are legendary in banking.
PE hires kids from banking with no MBA, and a few from consulting. Some require people to jump into a MBA program to progress, but more and more of the larger funds are promoting without the MBA requirement because they don’t want to lose good talent.

MBA typically needed if you’re working like back office and want to move to banking. Not needed for banking to PE and a lot of times won’t help get to pe if you didn’t have pre mba pe experience. Of course there’s exceptions

You need both

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