So Minneapolis may not be New York City or San Francisco, but it does have plenty of investment banks for you to start a career and even get to the very top staying in the Midwest itself. I have done a lot of research in trying to get into an investment banking career. Before I found the job that I am currently in, I did a lot of cold calling, interviews and the like.
There aren’t really many large, international investment banks located in Minneapolis. There is a Morgan Stanley Smith Barney office in downtown Minneapolis which is a retail brokerage joint venture between Morgan Stanley and Citigroup. In the neighborhood, is J.P Morgan but I am not sure if the investment banking subsidiary is available as well in this city. I know that there is a distinction that is made between wealth management and investment banking from the research that I did, but Merrill Lynch is seen as a large international investment bank even though it is the wealth management subsidiary of Bank of America.
There are also large, mid-sized, and prestigious boutique investment banks. Piper Jaffray comes to mind as a middle-market investment banking firm based in Minneapolis. RBC Capital Markets is located on Washington Avenue in North Minneapolis as well.
There are also a wide range of boutique investment banks too in addition to the bulge brackets mentioned above such as TripleTree, ThinkEquityPartners LLC, Cherry Tree Investments and Prestwick Partners to name a few.
I would suggest getting experience at these firms if you are already in Minneapolis to break into the investment banking industry.