In need of help and career advice. Corporate finance.

Dear WSO, I’m a long term lurker, first time posting. I’m really desperate for your help. I don’t know what direction to take and I know I’m going to get blasted by you guys for making a post like this, but I exhausted all methods and need some genuine advice.
I came from a non/semi-target school (Baruch) and I just recently graduated with a BBA in finance with a mediocre GPA (Cumulative 3.1, Finance GPA 3.3) and I live in NYC. I’m not even going to consider IBD because realistically, I have no chance.
I’m trying to explore a couple of other fields: corporate finance at F500, PWM, commercial banking, and lastly Asset Management.
I have little internship experience (only interned at an insurance firm doing admin work, and now I’m currently at a non-paid internship at start-up brokerage/advisory firm). I’m trying to figure out what the next best course of action is. My current firm is sponsoring me for the Series 7 and series 66 and I’ll be taking those within a month.

So I have a few questions:
1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles?
2) For entry roles at F500, are the offices usually in NYC?
3) Which roles in F500 corporate finance are the easiest to break into?
4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors?
5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB?
6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having Series 7/66, what is the beginning salary?

Basically, given my stats, what would be the next course of action to take for 2-3 years until I go back to get a MBA?

I know this is a long post, but I really appreciate any of the help you guys can give me, I’m really desperate. Thanks in advance, for all the help. This website really helped me a lot, a ton of great info.

 

Hey I am from Baruch. You definitely missed out on many great job postings earlier in the year. I believe BNY and TD Bank still have some finance internship postings on the career service center website. Honestly, you can apply for the school's MS in accounting degree. It gives you another year of networking and utilizing the school's career service center. Worse come to worse, you can get a decent job in public accounting. I am a sophomore, majoring in accounting at Baruch. I had interviews for F100's finance rotational programs and a front office interview for a BB this year. If I can do it, so can you. Just network hard.

 
Bearcat:
Hey I am from Baruch. You definitely missed out on many great job postings earlier in the year. I believe BNY and TD Bank still have some finance internship postings on the career service center website. Honestly, you can apply for the school's MS in accounting degree. It gives you another year of networking and utilizing the school's career service center. Worse come to worse, you can get a decent job in public accounting. I am a sophomore, majoring in accounting at Baruch. I had interviews for F100's finance rotational programs and a front office interview for a BB this year. If I can do it, so can you. Just network hard.
Thanks man. I'm not specifically looking for an internship (I'm not even sure I have the chance, since I graduated already). As for the MS in accounting, I don't think I can apply for it, since I'm a finance major (I'm not 100% sure but I gotta look into it). How did the interviews for the F100 rotationals go? What did they ask you, if you remember? Any tips on networking? Thanks again, really appreciate it.
 
Gulf Coast Finance:
Work hard, keep putting one front in front of the other, maintain a good attitude, and good things will come.
It's so tough out there. I know I shouldn't be down, but man I haven't felt this down my entire life, haha.

Thanks though, I'm going to definitely try and work hard

 
Best Response
kcsystem:
So I have a few questions: 1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles? 2) For entry roles at F500, are the offices usually in NYC? 3) Which roles in F500 corporate finance are the easiest to break into? 4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors? 5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB? 6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having series 7/66, what is the beginning salary?
  1. I would strongly reccomend you apply for all of the positions you've mentioned as possibilities. A FT job would be great, internship still good. The worst thing is nothing, or an extended period of nothing.

  2. Depends on the company but I'll generally say no, they are all over the US.

  3. Easiest to break into thats FT? Probably some journal entry role that you wouldn't want.

  4. So the traditional rotational person is interviewed/offered a job before graduation. You could have another shot at this by doing a MSF/MAC. An additional path could be to do an off-cycle internship now and try to network your way in for the FT rotational programs that generally begin in the summer. If you do well in your internship your manager likely has the ability to get you in the conversation for rotational spots.

You can try to get a non-rotational FT job, but I think it'll be very tough to get a job you actually want, with no experience.

Regarding majors, I don't believe there is any clear advantage in one or the other in recruiting - both are good.

 
Aspirant21:
kcsystem:
So I have a few questions: 1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles? 2) For entry roles at F500, are the offices usually in NYC? 3) Which roles in F500 corporate finance are the easiest to break into? 4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors? 5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB? 6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having series 7/66, what is the beginning salary?
  1. I would strongly reccomend you apply for all of the positions you've mentioned as possibilities. A FT job would be great, internship still good. The worst thing is nothing, or an extended period of nothing.

  2. Depends on the company but I'll generally say no, they are all over the US.

  3. Easiest to break into thats FT? Probably some journal entry role that you wouldn't want.

  4. So the traditional rotational person is interviewed/offered a job before graduation. You could have another shot at this by doing a MSF/MAC. An additional path could be to do an off-cycle internship now and try to network your way in for the FT rotational programs that generally begin in the summer. If you do well in your internship your manager likely has the ability to get you in the conversation for rotational spots.

You can try to get a non-rotational FT job, but I think it'll be very tough to get a job you actually want, with no experience.

Regarding majors, I don't believe there is any clear advantage in one or the other in recruiting - both are good.

Thank you for the information. I have another question if you don't mind. What would be the best advice at this point? Should I try and get into commercial banking for now?

Also, assuming I go through with the MSF program, will I be able to get a MBA in the future?

 

"Thank you for the information. I have another question if you don't mind. What would be the best advice at this point? Should I try and get into commercial banking for now?

Also, assuming I go through with the MSF program, will I be able to get a MBA in the future?"

I don't really have much exposure to commercial banking, so I'm afraid I don't have much insight there. If you have an offer or promising lead in that area then yea, absolutely go for it.

You will still be able to get an MBA after a MAC or MSF.

 

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I'll do what I can to help ya'll. But, the game's out there, and it's play or get played.

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