Chances of IB at BB
Stats:
School: Top 5 state school. (Think business programs at UNC, UVA, Michigan, or Berkeley)
Concentration: Business with a second major in economics, minor in computer science.
GPA: 3.9+
Extracurricular: Personal investment portfolio/experience. (Option trading, and event driven mostly in developing markets) Selective school run investment funds out of the business school. (Funded with endowment money) Also economic and other nationally recognized competitions. (Placed 2nd in the nation last year)
I'm a current sophomore, looking to get a solid internship in a SA program for the upcoming summer. (Probably will end up doing PWM or other finance related internship)
What are my chances of getting a junior SA offer from a BB in IB?
I don't know about UNC, UVA, or Michigan (no experiences with these colleges at all) but if you are at Berkley you will at least get interviews pretty much everywhere (assuming your resume is formatted correctly). I suggest joining the business fraternity (if you are at Berkley), and you should be able to get into a BB with relative ease in California because that network is so strong.
The four schools you mentioned place very well in IB. Try to get a boutique IB internship for your sophomore summer and start networking heavily. All four of those schools have massive alumni networks across the entire US.
Thanks for the answers. One thing I'm struggling with is the lack of non-diversity opportunities as a Sophomore. I think most of the programs at BB for 2nd years are geared towards diversity, so hadn't had any luck so far.
I did receive an offer to do PWM at Merrill Lynch at a big local office, not sure how that will look on my resume. I would love to do IB next summer, and I've contacted about 5-10 people in each BB bank and had in-person or phone conversations. Most of them said keep up the good work as a Sophomore and keep in touch, but again no offers of employment for the upcoming summer.
your best bet at doing IB this coming summer is at a boutique. Non-Diversity options for SA at BB are very limited, if not nonexistent to my knowledge. PWM this summer wouldnt be a bad move at all either - just make sure you actually keep in touch with the people you've made contact with moving towards your Junior year recruiting process.
Don't go for BB ops your sophomore year. Hit up boutiques or MMs, HFs, Corp dev, and small PE funds. Those are significantly better than a PWM internship.
Wondering if anyone is willing to take a look at my resume and give a few quick suggestions? I would really appreciate that, make sure I'm not getting auto-ding'd due to some obvious error.
P.S. I go to UNC, Kenan-Flagler Business School. Any alumni here on WSO?
Not a Carolina Alum, but feel free to PM me. I would focus on the boutique investment banks in Charlotte and Atlanta, there are a ton. In Charlotte alone you've got Dragonfly Capital, Fennebresque, McColl Partners (now Deloitte corporate finance), BlackArch Partners (now a part of Regions), 7 Mile Advisors, Seaport Group (Global Hunter which merged with them used to be reasonably well known in O&G), Cross Point Capital (focused on FI S&T/Capital Markets), First Tryon (Muni FA), Davenport and Co. (Munis), Piper Jaffray, Baird and STRH are all here, plus US Bank, PNC, RBC (LIHTC) and BB&T. Not to mention all of the PE shops like Carousel, Falfurrias, Pamlico, Kian and Frontier to just scratch the surface. Same is true in Atlanta where again you've got Brookwood, VRA Partners, Trinity Capital, Coker, Stephens, FOCUS Bankers, TM Capital, SunTrust, Lazard, Houlihan, Fifth Third and a number of others.
Just keep your grades up and continue networking with alumni from your school if you haven't already. All those schools should have many alumni in IB. Maybe start preparing for technicals if you haven't already and enjoy one last summer before IB hours. Don't do something just to put something in your resume because if you keep your grades up you will be a competitive candidate for junior recruiting.
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