I recently got a FT offer and was wondering if a drastic change in my GPA will have any impact on it. This is what the offer letter said, “This offer is contingent on satisfactory completion of the Company’s drug screen, background verification process, and completion of your college degree.” The reason I’m asking is because I’m doing a math/econ major and basically saved all of my upper div math classes for my senior year (so that I can have a higher gpa while recruiting).
The letter doesn’t say anything about gpa; just that I finish my degree. The company is also a pretty big company so I’m certain HR is the only one that’s going to see my transcript (and they’re across the country and were pretty disconnected from my hiring process).
What do you guys think?
How drastic? Will youre cumulative gpa remain above a 3.0? Rescinding an offer over bad gpa post offer has happened. I've seen it. But it was in the case of GPAs below 3.0.
It'll be around 3.1. I had a 3.5 gap previously. It's also because I transferred schools so i only have one year of grades as a cushion.
You should be fine. At most places it won't be an issue unless you fail a course or drop below 3.0. Even then, a lot of places won't care unless you fail to graduate.
You're probably okay. If you get a call from HR just explain what happened. Just try not to get D's and F's and let it slide even further due to senioritis, etc. If you were accepted under the notion of a 3.5 and let it slide all the way to 2.9, 2.8... that throws up a red flag. The absolute worst thing that can happen is if you don't get a satisfactory grade in a class which causes you to not graduate. That would definitely be an issue.
Depends on the company / HR. Something similar happened to me, everything worked out fine. Feel free to PM if you want, and I can give you better insight.
GPA after job offer (Originally Posted: 11/03/2013)
How much does GPA matter after accepting a job offer? I am not slacking off but I have 3 awful classes this year that are likely to bring me down. I will still have over a 3.5, but my gpa is likely to go down by .2 points. Next spring I will have better classes but how bad does one bad semester look by potential employers after your first job and grad school?
A .2 drop is somewhat significant for grad school and potentially for employers depending on your past experience. Do your best not to tank. I understand how real the struggle is.
It's not like your job offer will be rescinded, unless there was some specific GPA requirement at the time of your graduation, which I've never heard of. However, your GPA will still follow you after you graduate, especially if you're looking to do grad school, or looking to switch jobs a couple years after you graduate UG. At a certain point in your career, you obviously can take your GPA off your resume, but it will certainly still matter for a period of time after you graduate. People with a bit more post-UG experience than myself can probably advise you better on when the point of "GPA irrelevance" actually happens.
MY GPA will be a 3.6, but my concern is for switching jobs, will I have to worry about them seeing a drop in my senior via transcripts, or no? Or do they just care about the actual number on the resume?
From my experience, it won't matter unless its a catastrophic drop. Even then, it won't affect you right now- only when it comes time to give you a return offer. This is for SA.
huge drop in GPA after the offer...is it going to be a problem? (Originally Posted: 04/07/2015)
Hi guys
I am a senior in target school, and I did an internship last summer in one of the BBs. During my internships, I did work hard, and people liked me; so I ended up with an offer as an analyst in strats group.
When I was applying for the internship, my cumulative GPA was like 3.2, and my major GPA was 3.4 ish. (There were min. GPA requirement upon applying, but I just ignored it and applied; and luckily I did well in the numerical tests and multiple firms invited me for the super day.)
After walking out with offer, there were some issues, and my current cumulative GPA is 2.95, and this semester I am taking 4 courses which I expect the following grades: A, A, B, B.
Now that I am going through the background check and etc, I was a bit worried whether this could endanger my offer- I really want this job since this is one of the best trading desks in the firm, and I liked the people.
Did you guys have similar experience? I talked with one of the representatives from HR at the end of last semester, and she said "just make sure you don't fail," but I am worried about this...
Won't be too much of an issue. You got the offer for reasons other than your GPA.
You should be fine. Firms will run a background check to verify that you actually graduated and your majors match what you wrote in your application. As long as both of those check out you won't have problems.
Does GPA matter after getting the offer? (Originally Posted: 05/06/2008)
So here's my dilemma: I'm a sophomore and am going to be an SA in IBD this summer at a BB. However, this semester my GPA isn't so hot, and by that I mean it sucks balls. It wasn't even that great to begin with (3.56) from HYP. I expect my cumulative to dip to around 3.45-3.55 by the time the semester ends.
Assuming I do well this summer, will my ~3.5 GPA with BB on my resume be good enough to land an SA stint anywhere else next summer? How important is my GPA after I have this experience on my resume, and how what would be the lower limit my GPA can reach with a BB IBD on my resume?
With the SA stint already on your belt going into your JR year you should be in great shape for other SA positions come next summer. Regardless of GPA. Now if you wanted to step into top PE, HF or VC opportunities next year you might have a little trouble since these places for the most park seek the best of the best ie: people who did SA going into jr year and who have high GPAs
just make sure to work hard, socialize with the people, and snag a return offer. Even if you mess up your interview questions, I noticed that a lot of times kids would get benefit of the doubt if they'd already previously done an SA as a sophomore at a BB.
I was actually really surprised to see this but buy-side firms definitely look at undergrad GPA, even after your 2 year FT stint. A 3.5 should be fine but ideally you would want 3.7+ for it to not even be an issue. Normally I don't condone these alarmist posts but I can tell you first hand that GPA is definitely a data point for a lot of top buy-side places.
3.7+ and it stops being an issue completely? Awesome. I have a 3.79 now and have been literally breaking my back to try to hit the 3.8 by the time I graduate. As you probabaly know an A- average is much easier to obtain than an A/A-!
that 3.7 is completely arbitrary. i'm sure the articulation of your knowledge during an interview matters more. especially when the first filter is simply a minimum of 3.5
I think what he meant was that past a 3.7, recruiters completely stop considering it as a point of issue. That is, they will never reject you for your GPA if it is 3.7+. Whereas if your GPA is a 3.6 or lower, they may harbor concerns over your academic competence. However, if you get the interview, the GPA is only secondary in importance. Your performance in the interview will be the principal decision maker for the company.
That's amazing you would think 2 years of solid work with the backing of your higher ups would be the focus...I mean at that point what does it really matter what you got in college, if you clearly have done an excellent job as an analyst?
In the sense that it can only really hurt you, not help you. Generally anything above a 3.5 I view as "fine." So you don't have much to worry about.
Not to diminish what ideating said here, but not all buyside firms look at/care about GPA. It's still on your resume and they do look at it, but I think it matters less for buyside than it does for getting into banking.
On my resume now, GPA and undergrad are at the very bottom and IBD experience is at the top since I've been working for 2 years. I've never once been asked about my GPA by anyone in any interviews (between 3.5 and 3.6).
I suppose some places do use it as a filter but unless you have a 2.5 I would not panic over this.
I think in a more updated version of my resume, I didn't even put a gpa. I just put the latin honor i received. I mean, if they ask, i'll of course tell them, but i think it's a non-issue (unless, as Dosk mentioned, the gpa is really really bad).
gpa drops after app is submitted (Originally Posted: 11/27/2014)
I am a junior planning on applying to every BB IBD and plan to submit all of my apps this semester. If interviews are all next semester and my gpa drops at the end of this semester, will it affect me in any way? Is that something I would have to report or would I be expected to bring my transcript to interviews or anything like that?
Use the fucking search function.
No. Always have an updated resume that you offer to the interviewers at the superday. Unless it's a significant drop, they won't mention it.
gpa changed after accepted offer (Originally Posted: 12/22/2015)
I was accepted for an SA position at this bank around a month ago and my semester just ended a few days ago. When i was accepted my GPA was a 3.46... after this semester with econometrics and other brutal classes my cumulative gpa is now a 3.25... what does this mean for me? they never requested transcripts but I hear some banks do right before you start working. thanks for the advice.
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