Adive on my future.
Ok, I am a college freshman and am going towards a degree in finance. I want to work in the IB industry.
I really don't want to have to work in New York.
I know there are IBs in Florida:
The MAE Group -Investment Bankers
Allen C. Ewing & Co.
Raymond James
I know there are these but are there more?
Would these local places (are they called boutiques?) hire someone from a non Ivy school(I will be getting my degree from UCF)
Help on this would be greatly appreciated.
thanks.
my advice? learn how to spell advice!
seriously though, ibanks will hire from non-Ivy's, but very unlikely to be kids from UCF. Going to school in the south at all puts you at a disadvantage somewhat, although you may be able to reach out to places in Atlanta, Houston, or Charlotte.
Boutiques are small ibanks that usually focus on one industry or one type of work (ie- restructuring, levfin, etc). Not really sure how many of them there are in Florida, but I'd wager a guess that Miami has a few given the size of the city.
Honestly, I would look at getting the best GPA imaginable at UCF and then maybe trying to transfer to somewhere like Tulane, Vanderbilt, Rice, or Emory. If you don't mind going further north, then somewhere like Duke, UVa, or UNC-Chapel Hill would also be good choices. If you dominate at UCF you would have a pretty good shot at transferring in sometime during your sophomore year.
If you stay at UCF, you better get a 3.8-4.0 GPA, be an extracurricular all-star, and have networking connections, because banks aren't going to come looking for you.
there's a thread on this site listing regional and middle market banks in various cities, use the search tool and find said thread. then consider transferring to UF or UMiami at least to better your chances
Why wouldn't you want to work in New York?. . .
Our state is so gangster, that we took your state and made it into a town.
http://www.floridanewyork.com/index.asp
HAHAHAHAHAHA
GateBreaker
really though, the big banks don't come to a lot of the smaller schools, if you have great connections in the industry and like UCF you can stay there, however if you do not know anybody and are still trying to break in i would agree with tobankornottobank
LOL, this guy called UCF "small"....
Well I would be fine just working for one of the smaller banks in Florida, basically I don't want to work or live in New York. So is this still ok?
I would like to work as a financial analyst for a few years then go and get my MBA from UF most likely.
Regional banks hire from regional schools. On the upside, there are many people that are so New York crazy that you won't have to compete against them. My advice would be to perform at the top of your class (you don't need to transfer) and try to do some interesting extracurriculars. It won't be anywhere near a sure thing but you'll certainly have a shot.
What do you mean by "extracurriculars" (like finance/bank related jobs?).Or is it participating in school groups? Could you explain more please.
Finance related jobs fall into a different category than extracurriculars. Extracurriculars include things such as intramural sports, the school I-banking club, the theatre group, etc. It doesn't even need to have anything to do with banking. It is a way to show you are well rounded, have interests beyond financial modeling, and that you keep active, among other things. Some people are broke and replace extracurriculars with other jobs (which is a perfectly acceptable thing). I know at some schools you can stack your classes on 3 days of the week and places will let you intern the other 2 days. It is extra work but another great resume builder.
If you could do a few extracurriculars over the course of your 4 years, hold good finance related jobs during the summers (you're allowed to work at McDonalds your freshman summer though), you'd have a very good looking resume (assuming the grades were there).
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Obviously some extracurriculars are better than others. It doesn't count if you join an org and then just show up to weekly meetings and don't do anything. Try to be active in whatever things you join, perhaps hold a position. You don't need to be president of student government, but try to be a VP instead of some senator. If you're on an intramural team, try to be the one who organizes scrimmages, practices, or perhaps recruiting.
I know there were lots of organizations at my school that all you needed to do is sign your name on the dotted line and then you were considered a "member." Things like this are pretty transparent and look silly on your resume (in my opinion) if you don't have any activities to speak to.
I was a bit of an extracurricular nut when I was in college, but I only listed the ones that I actually participated regularly in and had a story to tell. 2-3 would be pretty solid as long as you stuck with them and did something meaningful. When you start listing 5+ it probably means you ddi it for the resume building and you better be able to explain to recruiters how you were involved in each.
Hope this helps.
Do finance as a minor and MATH as a major. Don't listen to these people if you have a dream go for it. You need to be serious about it and Keep in mind: It's choice - not chance - that determines your destiny. Cheers
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