Question: Who is my main competition as I look for an investment banking job?
Answer: Entry level analyst and associate classes at investment banks are filled with new hires, the vast majority of whom are recent graduates from colleges (for analysts) and graduate schools of business (for associates). Though it is tough to acknowledge, candidates do indeed compete with their school classmates (and even friends and roommates!), for slots in incoming classes of bankers. It is probably best to treat such classmates as friends (and as future business contacts) rather than to let the sense of competition get the best of you. Different banks have different cultures, so it is good to keep in mind that you and your friends (the competition) may wind up at the place that is best for each of you.
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