ok fellas, i'll give you my scenario. Tell me my options.
I graduated in August from a state school in PA (finance major). Managed a GPA of 3.3 while working full time and on weekends at a golf course. I self financed 100% of my tuition.
This summer i was laid off from my full time job and utilized this time by taking an unpaid internship at a small venture capital firm. Some experience i had was developing excel models of a proposed solar panel leasing program to commercial clients. We met with solar companies, and pitched the deals to banks like Barclays seeking capital to fund the transactions. I have a lot of other interesting experience here as well.
As of now i plan on doing the "breaking into wall street" excel modeling program for a refresh of corporate finance and enhance my skills.
What are my chances in landing SOMETHING analyst/i-banking/PE related?
In this job market? Slim to none. But fuck the odds and go for it anyway, just have a back up plan.
Ask less questions, read more WSO, take unpaid interships, get money.
What was your full time job in that you got laid off from?
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He worked full time so it's understandable.
I would definitely try for BSchool. You have to really destroy the gmats and leverage your experience at the VC firm. The harder you work and the more you network, the easier things will get over the next couple years.
So you guys don't think i could find anything in the meantime? I realize B school will be a nice option for me, but hell. i'm 27 and need to make an income to support myself.
Banks aren't going to hire a 27 year old analyst unless they have some kind of exceptional experience in what they did between the ages of 20-27. The first thought that comes to mind is military experience, but even then MBA school seems like a better bet and then come in as an associate. Part of it is the dynamics - are you going to want to take orders from some douche 25 year old straight from MBA school? Probably not.
Start working on a story for B-school and treat it like a refresh button. Good luck.
Don't worry about these guys. Plenty of older analysts out there that didn't go the usual route. The best thing to do would be to get your story down and start emailing regional boutiques in your area. Also, ask the guys at the VC fund you work with. They probably know a good amount of bankers, and their references will give you a lot of credibility.
Do you guys think breaking into wall street training would be a waste of time, or something valuable that validates me in interviews?
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