My gpa isn't the greatest (3.23) and I don't attend a target school but I'm still interested in getting into investment banking. What are some of the banks in NYC that have a lower standard to get into?
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You probably want to look at lower end boutiques
What would be an example of some of the lower end boutiques?
Guggenheim and DB
Piper Jeffries
Breaking in - What is the easiest bank to break into (Originally Posted: 03/03/2007)
I know that there is no "easy" ibank to get into, but what would you consider to be the easiest bank to break into? Thanks in advance
I wouldn't trust a commercial real estate analyst's advice who can't spell "Piper Jaffray", which is a highly respected firm in the middle market space.
I too get trolled sometimes
First off, he's trolling, get your testes out of a knot. He's making a play on the names of "Piper Jaffray" and "Jefferies". Second, don't call him out for being a real estate analyst when your fucking title is "Other - Other", signaling that you are either too big of a pussy to disclose your industry, you're merely a student and don't want other users to know, or the sector you work in is even more far removed and irrelevant to investment banking than real estate.
A no-name boutique.
do you know of any no-name boutiques?
Check the regional boutiques sticky
Actually I would say some place like SunT, HSBC, RBS, CIBC, they actually have analyst classes unlike no-name boutiques who hire on a need basis, and probably have the same standards as no-name boutiques.
ginNtonic knows little.
I interviewed at CIBC and was among people from almost all target schools. Had to interview with 6 different people and attend a cocktail party the night before.
CIBC, HSBC, RBS are all top 40 banks according to vault (which i can't completely validate as being true) but the list atleast shows they aren't no-name chop shops.
Not sure about SunTrust though
Whether I know little or not is arguable either way, so I won't touch that subject.
A. I never said they were chop-shops, they are all reputable shops that do some decent deals every year B. Just because all of your buddies were from target schools, doesn't mean they were all cream of the crop. Resumes of a Super Day at any Top 10 Bank > Resumes at superday of CIBC. C. The reason why it's easier to get a job than at a no-name boutique is that no-name boutiques don't have analyst classes. They recruit only on a need basis, and if their analysts aren't pulling 100 hours a week, there's no need for more analysts.
didnt really make a point above. but i meant to say, CIBC was not easy. interviewing with 6 people can gaurantee that atleast one of them if not a few, will grill you on technical questions for the whole half hour. I also interviewed with Goldman during the second round and it was considerably less demanding.
well this thread was indeed about "the easiest banks to get into" and while you are right, BB's have better candidates than MM's which is an obvious fact, my point was that a no-name boutique is hardly on par with a place like CIBC or RBS or HSBC which is what you explicitly said above.
and i apologize for saying you know little. too general. but i think, based on your post here, you dont know much about difficulties in getting jobs at certain banks.
Pierce & Pierce, Jackson Steinem, J.T. Marlin, etc.
Pierce & Pierce is the best if you just want to "fit in".
I heard they just got a new business card too
They have the top murders and executions division in the US.
With watermarks? So tasteful.
Lol nice
Easy Capital. Try to get into their M&A group if you can
http://www.easycapital.in/
Take a look at boutique shops that have interns year-round. Standards are far lower and interviews are relatively easy. Just know that your chances of getting a full-time offer is close to zero, however
Business Development Asia D. A. Davidson & Co. Marlin & Associates Montgomery & Co. Roth Capital Partners Broadband Capital Management Cerulean Advisors Delzanno & Co MLV & Co. DeMatteo Monness
Roth has awesome upstream O&G research.
Is Babydick Capital still hiring?
john thomas financial jt marlin stratton oakmont washington mutual enron power trading LTCM WaMu
Gotta admit seeing LTCM and WaMu on that list stung a little.
bank of japan
northwestern mutual
ny life
Deutsche Bank
Wells Fargo financial services
geico
statefarm
metlife
gluck out there, if you need help lmk, I can put you in touch with the MD's of all these banks
to the two clowns that PM'd me asking me to put them in touch with these MD's:
A) I was trolling
B) I was trolling
C) Even if I did know MD's at those places, I would never put somebody in touch with an MD through a WSO PM request. That's not how networking works at all, lol. I don't even know you guys, I thought networking rules were common knowledge.
***But really though, PM me your info and I'll put you in touch with them....
********Also, you guys may want to reach out to Eddie. He's supposed to be really close with the MD's at Babydick Capital...
Northwestern Mutual and NY Life are not Investment Banks - any idea where I can buy a CDS on the Commercial Bank you work for?
plenty of people get into BBs and top MM banks with subpar GPAs
WRONG!
Have you done any networking or IB internships?
Try RBC, they're a fairly large bank that doesn't get many applications to its NYC office.
RBC Capital Markets is pretty tough from what I have heard
Maybe things have changed lately, but a few years ago they were having a lot of trouble getting applicants in NY. Everyone wanted to work for the big names on Wall Street, and those who wanted a job at RBC applied to their head office (Toronto).
Used to be that way, but really started building up in the past few years and moving up the tables. Finished 2016 as number 10 in US investment banking, and 9 in IB+S&T in the league tables with continued growth. Now that they're in the top 10, a lot more attention is going to be coming here
You can join my M&A startup. Our current deal is to merge and acquire hot dog stands in the central Manhattan area.
We're going to turn into the Manhattan Hotdog Cartel (MHC). We even have a few ex-mafia enforcers to keep the competition out.
I know someone who provides Extortion Financing (equity and debt), let me know if you'd like me to connect the two of you.
I've always found you can get into almost any of them if you can get over the security barriers fast enough
+1 SB good sir, genuinely lost it upon reading this
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