PLEASE HELP ME?

I am a rising junior (sophomore right now) at the University of Michigan majoring in Industrial and Operations Engineering. I used to think I'd want to work in IT but I am getting sick of it (part time jobs, internships). Under no circumstances would I ever want to work as a line engineer and endure such mundane life. I am thinking about ibanking or consulting.

I currently have a 3.4 GPA and expect it to increase to around 3.5 by the end of this year. Obviously I dont have much finance experience. The only one I had was right out of high school where I worked at an overseas holding company ($400mil market cap) as a trainee investment analyst doing some simple researches.

Freshman year summer I worked as network administrator at a small company in town.

This summer I have an internship lined up at Progressive insurance as IT operations analyst.

I have decent extracurriculars. I am in an options trading group and I also run my startup company.

Here comes my questions:

  1. Would I have any chance based on my current stats and lack of experience? I know I'd probably not even sniff an interview at a BB,would I have a chance at middle market or boutiques?

  2. Should I abandon ship on my summer internship and start cold calling boutiques or try to get even an unpaid internship in an area related?

 

You have a chance, depending on how legit your startup experience is, and how well you can sell it. I'd aim for MM and boutiques - BB is ridiculously competitive right now, if they're hiring at all.

  • Capt K
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Best Response

Ut veniam soluta sint. Animi in voluptas vero dolor sint est. Maiores excepturi aspernatur autem maxime enim laborum. Et ea voluptatum minima placeat.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”