Should I Graduate or Should I Apply to SA Positions?

Hey guys! I hope you're all having a great holiday season! I apologize in advance for the following long, but hopefully interesting story. :)

Here's a little about me. I'm a senior Finance major from a non-target business school (ranked in the top 40) with a 3.967 cumulative GPA . The things is, I've only recently (~October) decided that investment banking is the career path for me. I guess you could say I'm a late bloomer. I've given it much thought and I can't see myself, right now at least, doing anything besides ibanking. However, I don't have any relevant banking experience/internships besides reading some books/WSO/online resources and doing some amateur modeling (I have a solid fundamental understanding of technicals and valuation techniques). Plus, banks don't really recruit at my school. I want to land a BB/top boutique Analyst position, but it seems a little too late this year. I have the opportunity to possibly intern at a MM bank this January which could turn into a FT position, but I have aspirations to work for a BB/top boutique.

One of two things can happen: (1) I find a FT ibanking position and graduate this June and that's that, or (2) I postpone my graduation date to 2012 and do the following:

I am thinking about applying to some SA positions, but I've been told that BBs require that I be in my junior/penultimate year. Personally, I think this "rule" is kind of silly. Anyway, I am willing to possibly postpone my graduation and stay another 1-3 quarters during which I would either pick up a B.A. in Economics or a minor in Economics and study abroad twice. I would be 5th year senior, but I don't mind. I would have more time to network and have an interesting story to tell people. Plus, I heard that many SAs receive full-time offers. What do you guys think?

Also, many users have said that applying online just doesn't work unless you use some "key indicator words" in your resume/application. Is this true? Anyone have a nice list of these words? I plan on calling the offices I apply to anyways just to make sure they see my application.

I truly believe I have the skills and drive to be at a top BB/boutique. I'm just a late bloomer who only recently discovered what he wants to do.

Any input would be greatly appreciated!

I wish you guys a Happy New Year!

 

I've been fortunate to be in an environment where I am encouraged to study. I also have good friends and we get together for epic cram sessions.

I'm a first generation college student so I've been pushed since early childhood to excel in school. I think I've done well, but there's still much to learn. I really don't feel like a 5th year would be weird. If anything, I would have a good story to tell - how I discovered my career interests and what I did to arrive at my goals. Plus, I've always been interested in economics. It's just that my school makes it very difficult to double unless you're overloading (paying extra $) or staying for an extra quarter or two.

 
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