Chances of getting BB SA

I realize I am not a unique snowflake, and there must be countless other threads like this, but I would still like to get some advice specific to my situation.

I am a senior at a target, and I'm considering staying an extra semester to recruit again for IB. I didn't apply to any BBs this time around, so I want to get some thoughts on what my chances are for SA recruiting.

I have done BB WM and boutique IB, but I have a 3.5 GPA. Money is not a factor in staying the extra semester as I receive financial aid.

What do you guys think? Is it worth trying again? Or should I take what I can get now (which won't be IB)?

 
illiniPride:
Then do it. I delayed my graduation to decide what I wanted to do and got my SA in my 4th year. If you had a solid experience last summer and can stand out as being more mature than other candidates, you will have a great shot at landing a SA position.

Did you put Dec as your graduation date or May? Do you think that makes a difference at all? And did you get a return offer?

 

Had an offer in hand on my last day with well over a month to decide. May graduation; don't think it matters as long as you are willing to start in the summer. Make sure you have a good story as to why you are staying a 5th year and try not to make it solely about investment banking.

What did you do over the summer though? Part of the "maturity" sales pitch relies on having a solid summer experience to point to.

 
Best Response

Sorry, I didn't mean to hijack the thread, but I was asking because if I put May 2013 as my graduation date, then how would the question of graduating late even come up?

In terms of my work experience, I have BB WM and a boutique IB internship, which hasn't been enough for full-time recruiting, but where do you think that puts me in terms of SA recruiting?

illiniPride:
Had an offer in hand on my last day with well over a month to decide. May graduation; don't think it matters as long as you are willing to start in the summer. Make sure you have a good story as to why you are staying a 5th year and try not to make it solely about investment banking.

What did you do over the summer though? Part of the "maturity" sales pitch relies on having a solid summer experience to point to.

 
theparadox:
Sorry, I didn't mean to hijack the thread, but I was asking because if I put May 2013 as my graduation date, then how would the question of graduating late even come up?

I agree. Even if you're required to submit a transcript, I don't think interviewers would pay attention to it.

 

I actually brought it up myself as part of my pitch. Think about it from an employer's perspective: the kid is a year older and has more experience. I made it clear that I knew wanted to do IB, but was honest that it took me a little extra time to come to that conclusion. My best experience when I interviewed for SA was working in corp fin for 6 months. My best experience interviewing the year before was working for the park district.

Bringing up my late graduation was part of a comprehensive sales pitch that centered around my effort to re-brand myself. I told the recruiters that part of the reason why I intentionally delayed my graduation was to gain experience, live someplace warm, and have some extra time to think about career choices. I deliberately framed it as a mini "coming of age" experience and I think that payed off.

In your case, you might not want to go that route b/c you already have IB experience. Bring up that you are graduating late and they might ask you "why not FT?" However you list it, make sure that you have some strategy in place to answer the question if it comes up.

 

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