I'm currently a freshman but I'll be obtaining a BBA from Ross School of Business as well as a BSc in Industrial and Operations Engineering.
I will have a pretty decent GPA when I apply for internships towards the end of Sophomore year as I have a 4.0 as of now and this semester doesn't indicate that there will be any changes to that, thus far.
Also, this summer I'll be doing summer courses for my dual degree and then a 3-4 week short internship at either Barclays, ABN AMRO Bank or HDFC (a government bank in India; this is 100% guaranteed but I'm hoping for Barclays).
In terms of extra-curriculars, I'm currently in a selective investments club. Outside the club it is very well known but, unfortunately, the people inside know that you don't actually learn anything from it.
Essentially, I was wondering that if my GPA maintains and with the banking internship this summer, what kind of chances would I have for Goldman Sachs summer analyst during either sophomore summer or junior summer assuming I don't add any more clubs to my extra-curriculars?
I'm asking because I know these are very important but the reputed investment clubs (other than the one I'm in) have an acceptance rate of about 6-8% so I'm preparing for the worst case scenario.
What club are you in? I've been looking for one to join.
GIC.
Next fall, I'm looking to apply to MII, MIBC, Nexecon, Bond Consulting, AKPsi, Phi Chi Theta, Delta Sigma Pi, BBA Finance Club, MECC and some others.
Most of them are ridiculously selective (
Goldman takes like 1 or 2 kids from Michigan Ross each year for IBD. The odds are stacked against you but good luck.
Are you sure? I know 6 people that are currently seniors who did Goldman IBD internships in junior summer. 4 of them are going back FT, with 1 going to Bain and another going to McKinsey.
I'm sure there are many others I haven't met through networking. Plus, the careers report shows 11 who went to Goldman full time after graduating last year.
You should add a club that actually does something so you get more experience that way - investing through MII, consulting through Nexecon/Bond, etc. But applying/rushing to that huge list will take up so much time out of your schedule at the beginning of the year, you should narrow it down
I'm willing to put down as much time as is necessary for all of these clubs at the beginning of next semester because the more I apply to, the more I will get into.
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