Advice on how to break in to investment banking. My story.

Hello all,
Before I begin with my story, I'd like to just say that I have been a strong reader of this website for a while and I finally decided to create an account. Now through reading discussions through the forum page, I have noticed that there are a bunch of trolls. While I deal with trolls constantly at work anyways, I please ask to respond with my questions truthfully. If you must be a troll, go ahead anyways but I hope some can respect my wishes.

When I first began college, I had no clue what I wanted to do or where I would fit in to the world. All my life I actually have been gifted with the talent of musical cabilities but the music industry is way harder to break into than the finance industry. TRUST ME. Anyhow, my ex girlfriend's uncle during my sophomore year of college began to ask what my GPA was and if I had any ideas of how I would want my career to set out. By sophmore year, my GPA was 3.7 and I came from a non-target school. He began to mention on how he was a MD for an investment bank. I will keep the name of the firm and her uncle anonymous. Anyhow, I did not pay much attention to what he was saying because he said that the only chance he can help me break in was the summer of my junior year. Fast forward 6 months (Around December), me and my ex breakup and I begin my slump into college. I also forgot to mention I worked around 50-60 hours at a sneaker store meanwhile attending school full time. My family has struggled financially so I worked as much as I could to help pay bills.

As my college career kept on progressing, school became much more difficult and the balance of work/school became extensive. I began to slack off with my studies and often times even slept through a majority of my classes with the overwhelming schedule I had. I did not give up faith though and as of May 2017 I graduated with a degree in Business Finance and Risk Management. Only until the beginning of my senior year, I did not know much of investment banking just that it pays a shit ton of money and hours were long. I did not mind long hours and I still do not mind coming from the fact that through high school and college my life has particularly been at least 12-16 hour days of work/school. It was only then that I began my research and stumbled upon this site. The more research I have done the more I realized I fucked up by letting my grades slip up and realized that my chances of breaking into a BB firm is close to impossible.

As college narrowed down even more, I began to just apply to anything regarding finance so I can have it on my resume. As college ended, I recieved an offer from a private wealth management firm as an intern. I was overjoyed with emotion that I finally was able to break into a position that dealt with finance. Let's fast forward another 2 months to my current state. I am now still here as an intern but only towards the sell side of the firm. Once the sugar coating of private wealth management is sought through, it really just is a bunch of stockbrokers cold-calling through D&B cards hoping to get clients. What makes me want to leave even more, is that I feel as if I am more educated about stocks/investing than a majority of these brokers are.. Most of them just pitch whatever Jim Cramer says to buy at 6pm on Mad Money. Also, prior to realizing what the job actually entails, I've realized it is just a commission based job that deals with the amount of production. Since it is a small firm, there is no base salary. I've read up that many BB firms at least offer a small base salary and then the rest is strict commission. Also your more likely to succeed in those firms because they are well accredited in the investment world and they actually have real leads. Comparing to an office that calls business owners 12+ hours and out of those 1000+ calls possibly one person will open an account with them once week and since it is a way to open a business, the broker probably won't even charge them a commission to trade. The field seems like it's slowly dieing away and I don't want to be a stockbroker. I don't mind the trading side at all, and I could possibly see myself as a trader eventually but currently I am just very focused on investment banking.

Currently I am studying for the GMAT exam, I plan on pursuing an MBA in investment analysis from St. John's University in Queens, from what I came to the conclusion, is actually not a bad school to come from. I have a connection with a major BB firm but the connection said that the only way I can break into with the weak GPA is to compensate with an MBA degree. At least it looks like I attempted to cover my tracks rather than leave it in the dust. I am here to ask if this is the right move. Is pursuing an MBA beneficial for other BB firm recruiters ? Will I ever be able to break into an investment bank or should I just quit now? Any advice will be great and I look forward to hearing the responses. Thankyou all for taking the time out of your day to even read this.

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