Summer of Sophomore Year - getting into MBB from non-target
Dear Monkeys,
This is my situation now;
International Student
non-target school (University of Miami)
Honors Program
3.75 GPA
Investment Banking Internship in Asia
1 non profit experience (Team Leader)
1 non profit experience that required my team to consult a company on their fund raising strategy.
I would like to hear your suggestions on how to prepare myself in the best way before applying to MBB internships for the summer of my Junior year.
What kind of internships should I look for this summer?
Should I apply to MBB internships for this summer?
Can I reapply next summer if I dont get it this summer?
Thanks!
Best thing you can do right now is to start working on transfer applications for target schools.
Also, MBB only take rising seniors (except for sophomore diversity program at McK).
BCG also started one called Bridget to Consulting. More info here http://www.bcg.com/careers/diversityprograms.aspx
I have been looking into transfering, but as a rising junior there are very few spots at target schools and I am not sure I would really have a shot
Start networking now. Use those connections for next summer when you have a shot at MBB. Also, you might want to look at some type of financial services internship, or just something fairly quantitative or vaguely strategic, like a think tank. Just make sure you have SOMETHING this summer. Name brand/blue chip companies if possible.
Also, why limit yourself to MBB? I know some other firms (OW for sure) take sophomores sometimes.
I've been looking mostly at MBB because as an International student I am going to need to be sponsored to work in the US and outside of MBB I am not sure which firms do that.
I am also looking into other firms for my summer internship (OW was one of them). Should I still apply to MBB and give it a shot or wait and use my connections for my junior year summer?
I would wait to use your connections. Especially since the deadlines for just about every firm has passed at this point.
Wait until next year for MBB, build your network this summer and get something with a good brand on your resume.
It's too late for consulting at this point anyway. But petergibbons is right, get as big a brand name as you can. It's MUCH easier to break into ibanking from a non-target than consulting (and you're a serious nontarget), especially since you have banking on your resume. Maybe it's too late, but bust your ass to get a BB IBD internship... without serious connections (as in Senior Partners who have the ability to call HR and set up an interview for you personally), IBD or Google on your resume is the only way you'll be able to land interviews for consulting internships next year. good luck
Is Miami really considered that much of a non-target? It is ranked #44 in the country and #1 in Florida. I am just curious because here in FL it gets lots of respect. Do you think that maybe coming from UMiami would give me a better chance at the Miami MBB offices?
Actually McKinsey is offering a BO position on the school career's website. How realistic is a transition from BO internship to FO full time?
I work at an MBB, and while people on this site talk about transitioning from BO to FO it never happens (literally). Get the best job you can, go to a top B school and then think about MBB, that's your best bet. Sorry, the bar on schools is just really high when you only need to hire ~400 people nationwide a year between all the MBBs.
You should also look into Asian offices of MBB and other consulting firms. It's a great way for people to build their resume. I've seen tons of international students do this.
Are asian offices less selective regarding school? Once you get hired from an asian MBB office how easy is it to transfer back into the states? And do they sponsor your MBA in the US?
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