Best day of my life. I broke into PE coming from Community College. Here is my story.

I wanted to tell my story on this forum - as WSO has been the sole reason which helped me learn about the industry and how to break in. I am from downstate New York, born and raised. I was a poor student in high school, so much so I didn't even take my SAT's. I was sent off to a residential junior college in Upstate New York, where I hated my life and desperately wanted something better. I got a 3.9 my first semester and then transferred to a 4 year school in the SUNY system.

Throughout my time there I was a fairly mediocre student, my GPA was pi (3.14 cum), largely due to pledging an unrecognized fraternity and massive grade deflation. SUNY is not highly regarded for its academic rigor or prestige, so my school tends to deflate student's grades massively. However, I came across this forum after wanting to break into S&T. I read hundreds of forum posts, and never became disheartened despite my lack of good grades, Ivy League background, and on-campus recruitment opportunities.

Needless to say, junior year came around and I knew I had to make some very difficult decisions as to what I needed to do. Students getting FO roles were generally uncommon, as the best OCR opportunity my school had for the top students (3.7-4.0 GPA) was a JPM Ops internship, I am not kidding. Anyway, an opportunity came around for an internship at Ameriprise Financial. It was sort-of-kind of PWM in my mind, so I took it. Anyway, the advisor I worked for was an absolute bitch, but she left me alone in my corner desk and I spent most of my internship on WSO and financial modeling sites, getting to know the business and how to break in.

I didn't get a return offer (nor would I have accepted it) and went to begin my job search as my senior year began. I interviewed at a few PWM firms - and it looked like I was going to go that route post-grad given my experience. However, a friend's father was an MD in S&T at a boutique and I successfully secured an interview. I got killed in that interview, and knew I wasn't getting called back, so I went home and applied for 200 jobs in IBD, S&T, and PE to vent my frustration.

One day, the CEO of a small PE firm reached out to me for a phone screen. I knew I didn't have the background for it, and I was honest and upfront with him about my lack of banking or formal modeling experience. Regardless, he pulled me in for an interview in person and less than 2 weeks later, I got the job.

So, you're probably asking how the fuck I got through that interview. The answer. I was a person, I was nice, I had genuine interests, I could talk to people. The CEO would put me in front of clients, I gave off an appearance of professionalism, and I minded my manners when I went to dinner with them. I found throughout this experience that sometimes the small things matter the most. You can model like a genius, but if you can't be a real person, it will be difficult. Above all else, I told the CEO of my nontraditional background for PE and how much of an asset I would be because of it. I was hungry, I was passionate about it, he could hear it in my voice. And it was my passion above all else that helped me get the job.

The purpose of this post is not to be braggadocios, but rather to to thank everyone on this forum who has offered insight and aid throughout my years of searching for a position on Wall Street. You have all been instrumental in making a dream become a reality. Thank you, WSO.

Mod Note (Andy): Best of 2016, this post ranks #20 for the past year

 

Props to you bro. I'm always amazed by the amount of passion and willpower people can display for anything at all.

Go out there and kick ass. Now that you're in the game, play it well. =)

 

Congratulations. It's always nice to see a fellow former community college student making gains. Your initiative through an unorthodox background definitely earned you that position. Keep up the good work!

 

Congrats SUNYWallStreet !

I think this story really highlights something that is lost on a lot of candidates...probably the most important thing (over and above the technical questions) is your ability to connect with the person across the table interviewing you. This is especially true for positions straight out of college...if they can see that you are hungry, smart and driven, they are more likely to give you a shot.

Great story. Thanks for sharing.

 

Congratulations man! I transferred from community college to a non-target so I definitely relate to how difficult it could be.

“You adapt, evolve, compete, or die.” -Paul Tudor Jones
 

Always makes me happy to hear stories like this. You'll probably be a great employee, and kudos to them for recognizing that.

Something Google found when they crunched their massive pile of HR data is that the best college hires are very much not ivy league grads with great grades. The best college hires tended to have good, but not amazing grades and came from state schools. When they dug deeper, they found that the key factor was having dealt with setbacks and resistance before which helped develop some degree of resilience--single parent homes, immigrants, working to get through school, etc.

Some day the majority of IB will learn this and adjust their hiring accordingly. If you stay in this world, do what you can to bring more people like yourself into the fold. The industry will be better for it.

 

Congrats, OP.

You wanted something and you fought for it. You never came across as a try-hard or over eager (hence why you nailed your interviews and so many people on WSO want to emulate your success).

My only advice for OP, keep doing what you're doing. Also, bench 315.

I hope every person reads this thread before they post another 3.4997 GPA 1520 SAT Target (duh)

I'm a triple major sophomore, am I fucked?

 

Itaque quo aliquam ducimus fugiat enim atque. Vitae nam ut aut occaecati corrupti officia. Est odit sed eos eos. Delectus fugit dolor cupiditate officia.

Ratione aliquam fuga ut rerum molestiae cumque architecto aperiam. Et tenetur inventore harum voluptatum libero. Voluptatum error molestias molestias alias. Occaecati qui nobis dolores rerum repudiandae. Assumenda harum est eos voluptatem ducimus. Magni quibusdam pariatur totam assumenda earum assumenda atque. Porro facere impedit aut reprehenderit soluta cumque.

Nam suscipit impedit commodi totam laborum autem voluptas. Sint itaque beatae hic rerum. Quisquam velit fuga est aliquid alias enim. Doloribus debitis dignissimos sapiente eveniet.

Consectetur dolor distinctio ut illum rem blanditiis quod vero. Enim illum itaque dolorum aut. Sed distinctio omnis quibusdam dolor. Et qui qui minus illum ut quia impedit.

 

Doloribus quia maxime corrupti et. Et et nesciunt nostrum alias facilis. Aperiam maxime consequuntur amet nihil expedita. Nostrum voluptate natus eum recusandae eos. Doloribus est praesentium ipsum eum dolores officiis. Asperiores soluta officiis possimus saepe.

Quia debitis quia voluptas id molestiae qui. Iusto assumenda qui eligendi esse.

Deleniti et dignissimos aliquam incidunt hic quae natus. Velit et facilis ex aut sequi.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (90) $363
  • 3rd+ Year Associate (88) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (385) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (245) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
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
BankonBanking's picture
BankonBanking
99.0
4
dosk17's picture
dosk17
98.9
5
GameTheory's picture
GameTheory
98.9
6
Secyh62's picture
Secyh62
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
pudding's picture
pudding
98.8
10
bolo up's picture
bolo up
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...”