YOU can help!! Asking for life-changing advice
Hi, I'm currently a freshman at a midwest target (think UC, NU)
A little bit about myself:
1) International student
2) Economics, math major, computer science minor
2) Current GPA is 3.95 and I am confident that I maintain my GPA to at least be 3.9
3) Currently a member of a finance club and planning to start a financial club next year
4) Two internships (Big 4 transaction and local bank PWM) to do this summer in my country
As an international student, it would be harder for me go into banking in America, and I see a lot of the seniors in my school from my country failing to get a job. Should I give up pursuing this track? If it is highly probable that I won't be able to go into banking when I graduate, I want to find an alternative as early as possible.
What do you guys think I should do?
Do you see a lot of non-US citizens in your office who does not have HYP background?
Will I be able to work in New York, or at least in Chicago coming from midwest target and with my background?
Thanks guys.
As an international student your primary responsibility if you want to work FT in the US to get a firm that will sponsor you, so you will most likely be limited to BB's or other large firms. There are non-US students that I know of from non-HYP backgrounds that got jobs in banking but it was pretty rare. That said, you shouldn't give up this track but it's imperative that you have a backup plan in case you don't get sponsored.
Where are you originally from?
Not Chinese, unfortunately
Chinese? :P
i would probably try to get a FT offer from the Big 4 you worked at. I'm pretty sure all big 4 sponsor, and I know a few kids who have done Big 4 TAS and made the transition to IBD.
But I DON'T want to work in Big 4. Is getting into IBD that difficult? Even if I can settle for Chicago regional office?
well I don't know which banks sponsor, but I would think very little do. I was just thinking maybe a Big 4 TAS transition would make more sense, plus they sponsor.
Bulge bracket banks will sponsor if they take you.
Your knowledge of language will be an issue. Major is English or some other major that forces you to talk and write a lot, otherwise you have 0 chances of breaking in. If anything, regional offices have fewer foreigners / international students.
I'm an international, studying at mid-west semi-target school. To be honest with you, I don't see a HUGE hurdle with the fact that you're an international student.
As long as you have a good command over the English language and have a solid reason for why you want to stay in the U.S. and work in banking you should be fine. I know internationals in the past that have been placed from elite boutiques (think Perella/Moelis) to BB's (GS, MS) also coming from my school.
Stay determined and network shit loads with alum's. You should be fine!
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