Community College to IB?

My path:

Community college -> Average State School -> MM IB -> F500 Corp Dev

For readers in a similar position - just wanted to say that its possible. Most of this occurred pre-covid, when the hiring market was much softer. It’s probably even more possible today.

The diminished desirability of IB jobs relative to areas like tech has opened up a lot of opportunity for kids without extremely prestigious backgrounds. I’m from an immigrant family and and had a middle-class upbringing in the most low-to-average suburb you could think of. I was a top performer in MM IB and have performed really well in Corp Dev. I chose Corp Dev for the lifestyle and never recruited for PE.

Other notes:

  • Never took the SAT or any aptitude exam
  • High school GPA of 2.5 at best
  • Worked 5 jobs throughout college
  • College GPA of 3.65

Anyone else have a similar story? Want to see how many of us there actually are nowadays.

 
Most Helpful

Community College --> Average State School --> BB IB --> MF PE

I'm also from an immigrant family with no connection to finance and had a middle-class upbringing in a middle-to-high income suburb. I graduated high school with a <2.0 GPA, so I didn't even bother applying to any 4-year programs. Almost immediately after starting at community college, I realized that I did not want to work at Burger King, so I started taking school seriously for the first time in my life. After two years, I received a transfer scholarship to a nearby state school, hustled with networking as soon as I arrived on campus, and landed an internship and full-time offer at a BB. As a first-year, I was a middling performer and then got top bucket my second year. Then I recruited with the blessing of my IB team and landed a PE seat.

I know of about a dozen community college grads who have ended up in IB. It is not as rare as you might think.

 

community college in CA  > utilized in state transfer program to get into UCB > credit analyst for 3 yrs > restructuring 

Was not sure what I wanted to do even after transferring, though know a handful of people who were able to nab IB positions as a transfer (typically at a disadvantage to continuing students but these people were determined, hard working, and knew the path they wanted to take). I was pretty naive about FT recruiting (only learned about IB about 2 months into junior year) and also wasn’t dead set on the typical paths as a business undergrad, whether it was consulting or IB. Worked random minimum wage jobs throughout CC, and then worked various jobs while completing the degree requirements at Cal (three various startups). Loved the tech sales scene and almost accepted a position for after graduation, but was fortunate enough to get an offer to move to NYC (think rating agency type stuff).
 

Do think I got lucky with timing my eventual break into IB - finally decided to pursue some positions towards the end of last year and spent about 6 months prepping/interviewing before landing my current gig.

Brought up typical middle class, financial crisis completely overwhelmed my parents, moved 4 times, and my dad eventually had to live out of a storage facility/office. Parents split mid-way through HS, mom took my sister in and I was not able to live with them, so instead of moving into a place without a shower, I was fortunate enough to have a friend whom I lived with for the next 5 years (stayed with his parents even after we graduated and he went off to college). Unique situation and overcame some obstacles, but I’m still surprised by a lot of others’ stories on here.

 

Awful HS GPA (may not have even hit 2.5) --> construction job --> JUCO --> non-target --> MM IB 

Second generation American family, worked throughout college, took academics seriously once I got to JUCO and had a near perfect GPA in JUCO & Uni.  Can certainly be done, but would recommend not fucking around in HS like I did - added another 2 years to my path.

 

Minus beatae eum ad voluptate et eveniet quasi ut. Doloribus neque in quia quia. Voluptates odit beatae occaecati delectus.

Recusandae sed omnis aliquam. Nulla maxime eligendi perspiciatis aut omnis fuga eius. Ea eos nihil quo et eius est sapiente.

Aut optio impedit dolor ut architecto occaecati ipsum. Quo repellendus et excepturi beatae est.

Aliquam laudantium quia ut dolorem placeat. Vel voluptas officiis hic autem. Sit magnam perferendis illo ipsa sint. Sunt suscipit est et voluptatem quibusdam.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
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

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...”