Making the jump from a non-target and middle market to BB

Hi all,

I am a incoming senior at a non-target state school. I was wondering what the community thinks my chances are for landing a BB IB job. I am planning on stepping up my networking efforts this year and have plans to crash a few recruiting events at a nearby semi-target. I would greatly appreciate any advice.

My stats:
Double major: Finance honors & Accounting
GPA: 3.9/4.0
VP of student investment fund & finance org.
Director of Community Service Beta Alpha Psi

Summer Analyst - middle market IB firm (current)
Audit intern - Big Four
Intern/ Freelance writer - financial news start-up
Teacher's Assistant - introductory financial accounting

Thanks in advance.

 

With your MM IB summer analyst experience you should at least be able to get a few interviews as you check most of the boxes other than school.

Are you in NYC? In the past, most BBs would host networking events to try to poach summer analysts from other banks in accelerated interview processes. Anyone younger than me - does this still happen?

 

Judging by the non-target state school I am going to assume he is not in NYC.

But to OP, I would say that you need to spend a ton of time this summer networking. You need to get this done BEFORE the school year starts again. That way you can know when different banks are having events, their deadlines, etc. I will not say that it is impossible, but it is much more improbable that you land the position if you start when you get back to school.

Your grades, ECs, work experience are all where they need to be, so it is going to just be on you to get talking to people. Also, I was going to say that once you have done some good work this summer you should try to get contacts from people at your MM firm, but are they expecting you to come back FT? If they are, then you have a great fallback plan as well.

 

Thanks for the info.

I am in the Midwest. I was able to find the recruiting schedule of a nearby Big 10 school online and was planning on going to a number of the events. Other than cold calling/emailing, that is the only way I can think of to get in touch with BB professionals.

 
David_V_Goliath:

Thanks for the advice very.chipper.

I was told the internship is basically an extended interview for a FT position. With that in mind, I thought it might be inappropriate to ask for contacts at another firm. Thoughts?

Assuming there's a chance you could see yourself working at the MM, your number one goal should be to make sure you get a return offer. There are certain situations where it'd be appropriate to ask but tread lightly and make sure you don't give off the impression that you'd rather work someplace else (even if it's true).

 

Harum iste autem ad animi. Aspernatur accusamus placeat aperiam maxime labore tenetur. Ex id dolorem ipsum aut dolore ipsam. Voluptatem debitis expedita enim quia. Iure sint dolores alias nobis quae laborum neque.

Voluptatem officiis minus rerum aperiam sequi. Atque possimus repellat eius fugiat quia quas repudiandae. Recusandae beatae rerum harum. Et eius et tempora aliquid atque odio voluptatem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
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...”