Advice needed in getting a FT offer
First time poster here. As I am an upcoming senior at college and FT recruiting season nearby, I would appreciate any feedback/ criticism/ advice as to what I should do to score an I-banking offer.
I am primarily interested in I-banking or S&T (trading), as a career. I have a lot of interest in markets, deals, doing analysis, etc. Hence, I believe that IBD or S&T would be a good professional fit for me.
My background: -3.3 GPA in Economics and Statistics at Princeton (Double Major) -Work experience: PWM at BB the summer after sophomore year, and MO type of role at a non-BB bank after junior year. (risk analysis/ management type of support role)
So, any shot at breaking into banking/trading?? What should I do to maximize my chances now? Is the job market for IB/Trading as bad as people are saying it is? I really hope I can pull at least one FO job offer. Two things I am mainly concerned with are my relatively low GPA and lack of FO internship experience. Would I be able to get past these obstacles? If these options don't work out, I would be fine to look at consulting, as well...Oh and lastly - am I allowed to apply to both IBD and S&T positions at the same bank during OCR?? I know these are many questions to answer..I'm just getting nervous nowadays.Thanks in advance.
p doesnt have double majors....or a stats department
op why would you lie to your friends
Where do you go to school again?
http://en.wikipedia.org/wiki/Mercer_County_Community_College
You better start networking like right now. Hopefully you have an offer from your summer internship and spin that into a story of why you'd like to transition into IBD/S&T.
Assuming you are just dropping your resume during OCR you are already lacking in probably the two most important things recruiters look at: GPA and experience. It takes them about 30 secs to either put your resume in the interview pile or discard pile and by looking at these two indicators alone it doesn't look good cause you neither get past the 3.5 mark and your experiences will be killed by anyone in a FO role.
So now the best thing that you could do is get in contact with people in these banks you are targeting via networking. Use all resources whether its friends, alums, parents, relatives, friends parents. If you dont feel like networking, reduce your standard and aim for either no-name boutiques, MO roles, big 4 advisory and the like to start off with (no shame in that) or move into a different field like consulting.
Sorry that it probably hasnt sound encouraging, but thats just how your situation looks. Don't give up and find other ways than just dropping your resume in OCR blind and crossing your fingers.
Thanks for your comment. Btw, would 'networking' really work in my situation? (aka can it really help me get the job..) I've been a big skeptic of 'networking' since most kids I know who landed FO or top consulting jobs got there purely by their merit, not via 'networking'.
OP here. Although I am not technically 'double' major, I've taken a shit load of math and stats courses (in econ, math, and ORFE departments) at P-ton, which would qualify me to be a 'triple' major at almost any other college. (in econ, stats, and math) Yeah, I know that Princeton doesn't officially 'award' double-major degree, but I was hoping that employers at OCR would take note of my very demanding course selection, and hence give a bit of leeway for having a less than stellar GPA despite being an Econ major (which many employers think is one of 'easier' majors) Of course, I am not planning to advertise that I am a double major in Econ and Stats on my resume during OCR, but my plan is to really try to sell my math and stats- heavy coursework to potential employers during OCR. (Include every upper class math and stats course I've taken on my resume, and sell my 'quant' skills hard during interviews)
The thing is that there are so many Econ kids at Princeton who rock 3.7+ GPA, and I was hoping that I could sell my demanding and very quant-heavy course work to top employers, in order to keep myself competitive.
Btw, can anyone tell me if it's ok to apply to both S&T and IBD at the same bank during OCR?? I would like to apply to as many positions as possible to get the best shot at landing a job..
Sorry bro, the sad truth is that you are seen as an Econ major and so will go against all the Econ majors at your school. Your rigorous course doesn't say much unless it actually is relevant to the job. Sad case is that it is so structured cause so many ppl want ib so it's school, gpa and work exp that will get u your foot in the door.
Networking not only works in IB, it is a foundation to doin business. So my answer is yes, but emailing alumni is not necessarily networking. Establishing connections that will later help you down the road is.
About applying to two divisions: I think some banks do allow it, but my suggestion is to tailor your resume differently or it will be an automatic ding on one or the other divisions because you won't be a good fit judging by the resume. A generic resume, unless is really solid, will kill you.
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