Do I still have a shot at IB based on Undergrad?
I am planning on attending Hampden-Sydney College next fall and am trying to break into high finance. I chose the school over a couple of more "elite" LAC schools (Bates, Bowdoin, and Colorado College) and service academies as I enjoyed the culture more and it was a better fit for my sport (basketball). I understand HSC could be considered a much weaker degree but I'm just curious if I completely killed my goal of breaking in. I've been told by several alumns that if I maintain a high GPA and network like crazy, its possible. I'm also not opposed to getting an MBA. Just wondering if its even worth the effort lol.
I personally find that this comment from Mr. C answers your questions better than I can. I would say that if you enjoy the culture at your school, not to transfer (this is coming from someone who went to an extremely (basically unknown) non-target LAC)) but just realize that you are missing out on the big banks coming to your campus to recruit.
Link to original comment: https://www.wallstreetoasis.com/comment/3255039#comment-3255039
Based on the most helpful WSO content, breaking into Investment Banking (IB) is not solely dependent on the prestige of your undergraduate institution. While it's true that target schools are often preferred, there are several other factors that can boost your chances. Here are a few:
High GPA: Maintaining a high GPA is crucial. It shows your academic prowess and dedication, which are qualities highly valued in the finance industry.
Networking: This is key in the finance world. Start building relationships with professionals in the industry, attend finance events, and reach out to alumni from your school who are in the field.
Internships: Having relevant internships under your belt can significantly increase your chances. They provide practical experience and can often lead to full-time job offers.
Skills: Proficiency in financial modeling and Excel, as well as a solid understanding of financial concepts, are essential.
MBA: An MBA from a top school can definitely boost your chances of breaking into IB. It's a common path for many who didn't get into IB right out of undergrad.
So, don't worry, my friend. You haven't killed your goal of breaking into IB. It might require a bit more effort, but with dedication and the right strategy, it's definitely achievable. Keep your spirits high and keep swinging for the fences!
Sources: graduated may 2019 and recently laid off first job, Last chance for Investment Banking?, Do I have a chance to make it in IB?, https://www.wallstreetoasis.com/forum/investment-banking/do-i-have-a-chance-be-honest?customgpt=1
You got into service academies and you're going to where the fuck ...?
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