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Based on the most helpful WSO content, here's what you need to know:

  1. Not Being in Finance Clubs:

    • While being in finance clubs can be beneficial, it's not the only path to success. Many students who are not in these clubs still succeed by leveraging other resources and networking effectively.
  2. GPA and Internship:

    • A 3.85+ GPA is strong and will be viewed favorably by recruiters.
    • Having a finance internship, even if it's not in IB or PE, shows relevant experience and interest in the field.
  3. Recruiting Strategy:

    • Networking: Start networking aggressively. Michigan has one of the most passionate alumni networks. Reach out to alumni, attend info sessions, and set up coffee chats.
    • Clubs and Resources: Even if you're not in finance clubs, make use of the resources available at Ross. The business school provides massive support to its students.
    • Self-Preparation: Read guides, practice interview questions, and stay updated on industry trends.
  4. People to Network With:

    • Alumni: Leverage the Michigan alumni network. Alumni are often very willing to help current students.
    • Current Students: Connect with students who have secured internships or full-time offers in IB. They can provide insights and tips.
    • Professionals: Reach out to professionals in the industry, especially those who are Michigan alumni. Set up informational interviews to learn more about their experiences and advice.

By following these steps, you can significantly improve your chances of breaking into investment banking. Keep hustling and make the most of the resources and networks available to you.

Sources: UMich Undergrad For IB Recruiting, Pre-Investment Banking Internship: Calling all freshmen and sophomores, Freshmen: What to do during your freshman year summer, UMich Undergrad For IB Recruiting, As a freshman what should I be doing?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

How are you smart enough to get a 3.85 at a challenging university but you are also foolish enough to let the internet decide if you have a chance at your desired career path? What if a bunch of 18 year olds with no credentials piled on and stated that you were indeed "cooked", would you stop networking and applying?

The key to a career in IBD is persistence, determination, and the ability to keep pushing regardless of what your odds look like. The fact that you are clearly so successful in UG but so uncertain means you need a confidence boost. Brother, I had a 3.4 from a non-target and through sheer persistence I landed multiple IBD offers. No connections, no diversity, I wasn't even a Finance major. I just kept trying and called every single firm that was even somewhat credible. Fast forward years later and I had recruiters hitting me up for EB / BB IB roles and MM / MF PE opportunities. 

Given you are clearly a smart kid, let me share with you the wisdom that I wish I had when I was your age. If you refuse to give up and truly believe in yourself, you will find a way to make it happen. Sure maybe you dont get the ideal IBD internship, maybe you dont get an IBD internship period, maybe you have to do B School and come back as an IBD Associate, but if you want it bad enough, eventually you will end up where you want to be. 

If you wanted to play in the NBA, my advice would not hold true. But assuming you are a decent human being with a decent work ethic, you will find a way to make it into banking, if that is what you really want. 

 

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