Am I on the Right Track
Hi everyone, I've been wanting to go into banking for a while now. I was wondering if I have a shot at an analyst position out of undergrad, or would it be more realistic for me to consider doing something else for a few years, getting my MBA and then going into banking.
Currently, I am a sophmore double majoring in electrical engineering and economics at Rice University. My GPA will probably be between a 3.3 and a 3.5. My extracurriculars include engineers without borders, intramural sports, officer in a few clubs, the finance committee for my residential college and a research position with a professor. I am looking into/interested in almost all banks, from BB to MM and small botiques.
Any thoughts on my chances would be greatly appreciated. Do I have a realistic shot at an analyst position out of undergrad... or am I just dreaming.
Thanks in advance!
get an internship between the 3rd and 4th year and you'll be set. If your school has a finance major change it to that
What are you talking about? You don't need a finance major to get into a BB. Coming from a non target doesn't change that.
Nope... no finance major. Is my GPA too low from a non-target school (Rice)? Would it be better to drop the engineering major and try to pull up the GPA even more?
i'd keep it, its easier to explain a lower gpa in Engineering.
Thanks for all the suggestions... do you have any idea how ibanks view Rice University?
I know ML had several summer interns this past summer from Rice (maybe 4-5) so I know its possible to get internships from there - most of them were not at the nyc office though.
Rice is pretty elite but not a feeder, u might have to network....
[quote=wannabebanker1352] Do I have a realistic shot at an analyst position out of undergrad... or am I just dreaming.[quote]
BB's hire people from non targets, you just need to network, do your best to get as close to a 3.5 GPA, and it's very important to get an internship because most of a BB's hires come from that group. If you have a 3.5 now get an internship, if you get an offer and your gpa falls a little you'll be fine.
should i consider transfering to brown/dartmouth/cornell?
hey, if you can easily transfer then do it. why not? most important is a consistent story. i didn't transfer because it would've cost me a year in credits. not worth it
it probably would be difficult credit-wise to transfer... I had originally come to Rice because I thought, academically, it was comparable to the other schools (I was accepted to Cornell and Northwestern)... however now it seems that I was mistaken and those schools are much better feeders for Ibanking...
also... since Rice isn't a feeder school for the BBs... what are some respectable mm and botiques to consider which have good exit ops/business school placements?
thanks in advance!!
actually, there might be some Texas offices that recruit from Rice. and of cousre many of the BBs have some kind of office in Texas
If you are confident that you can beat out the others in your class then you should stay put. I'm sure many Texas offices recruit Rice.
to transfer depends on where you want to work...if texas? no need...if NYC I would
Personally I would gladly give up a year to transfer to a school that'll improve my chances of getting an interview tenfold
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