11 Months till Graduation, Need some serious advice!!!
I am 29 years old and currently 11 months away from completing my Bachelor's degree in Business Management. I currently hold a 3.90GPA at a non target school. I know for a fact that investment banking is what I absolutely want to do for a living.
All that being said, what can I do over these next 11 months to better my chances of breaking into the industry? I know a bulge bracket bank is out of the question given my college name. I possess 8 years of sales/management experience in the mortgage industry. I am also in the process of completing a 3 week course on financial modeling with the Investment Banking Institute. PLEASE HELP!!!!!!!!!!!!
Hustle Hard.
I've seen a ton of advice on this forum about how to do this, or how to land that job and it pretty much all boils down to the same thing. Find someone can vouch for you and impress the hell out of them.
Banks recruit at "target" schools because it makes the most practical sense in terms of recruiting resources. That doesn't mean they refuse to hire people from non targets, they just won't go out of their way to. Just go and hustle your way into someone's office and make them feel honored your even interested in their firm.
That's definitely the plan my friend, but I see a lot of negative articles/blogs stating that it is very difficult. I do have a strong desire to get into the business. Thanks for the reply!
I did a 1 year MSF. Prior to this MSF, I had a terrible GPA and 0 work/intern experience.
Its possible to do it in one year, I did. My strategy was do the minimum amount of work required in school necessary to get a 3.5 GPA. I then devoted the rest of my time to co-ops and winter internships simultaneous to my curriculum.
I did 3 months in an entrepreneurship. 3 months at Alvarez & Marsal. And 3months on LBOs at a tiny PE shop.
Landed me tons of banking interviews (not at BBs), but decent sized places like SunTrust, Wells Fargo, Mizuho, Duff & Phelps, as well as 4 or 5 boutiques (like sandler o'neill, and a few more you have never heard of)
Any reccomendations on where to go for your MSF? I'm kind of in a different position then you were, I went back to school to finish my degree, and I still need to work full time in the process (Rent, engaged, etc.). I would really like to pursue an internship, but it will be difficult given my financial situation.
Don't do an MSF, a waste of money if you want to do IB. What I would recommend is looking for an internship when you graduate at an ibank. You just have to sell your story. You have gpa covered so you're half way there. I read about this kid who after a year of being unemployed (He interned here and there) got an analyst gig at BMO Capital markets, Keep your head up; also I know some guys who go to NY and do the BB or Bust thing, contrary to what many people think, some of these guys do land analyst gigs at BBs.
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