Can I get into investment banking from non target school?

I will be attending UW-oshkosh this fall, and want to get into investment banking. I realize that Oshkosh is not a target school, so I was wondering how I can't get into IB still. I read that if I graduate from Oshkosh, work 2-3 years, then go get and MBA at a target school, I can get a job as an associate. Is that true? and where would I have to work for those 2-3 years. Also are there investment banking jobs in Wisconsin? and are those less competitive then New York jobs? I just feel stuck because I didn't try in high school, so couldn't get into a target school, and now it seems like my chances are very slim of getting into IB. If anyone with experience or knowledge on this can help me out that'd be great.

Comments (177)

Aug 12, 2017 - 5:23pm
ScrappyAF, what's your opinion? Comment below:

1) Stop feeling bad for yourself 2) Kick ass your freshman year (4.0, clubs, etc)
3) Transfer to a better school and kick ass at your new school

See: KeyBanc and Stephens for midwest banks

Aug 12, 2017 - 5:24pm
BuckTurgidson, what's your opinion? Comment below:

Non-Target to BB IBD (Originally Posted: 05/02/2015)

Dudes, I've recently accepted an offer to a BB IBD group after 2 years of absolute torture in terms of uncertainty and leverage. Here's the background:

  • Non-Target UG, B.S.E. Engineering
  • Multiple internships in heavy industrial mfg.
  • One Year post-grad work in sales in electronics mfg.

After roughly three months in the sales org at this firm (global leader in energy management solutions, think Siemens, Eaton, ABB, Schneider Electric, etc..) I realized the deals weren't as lucrative/exciting and I wanted to be challenged in the early stages. Obvious answer: banking.

I had zero connections in the industry, or in any industry for that matter, and decided I needed a formal education in finance to make the transition...

Began applying for MSF and MSFE programs in late February (nearing the deadline for most top programs) and was fortunately admitted to my top two choices. I eventually decided on a program and quit my job (I had just been promoted and was making quality money). This was a 10-month program that was supposed to turn me into an investment banker with zero prior experience........

Immediately after relocating I started networking with every firm I could find in the area that was even remotely associated with finance. I'd had no prior internship or full-time experience in the industry and was looking for anything to help compliment my coursework. I eventually took a part-time internship with a local VC firm, working for free.....

I interviewed with several BB's during fall recruiting, but received no offers. Extremely defeating, especially given the rigor of the program that was only beginning. Just kept the nose to grindstone, networked my face off, and ultimately got a position through a faculty reference and some elbow grease.

Doesn't really make sense to me at this point. Everyone on this site and others said it was impossible, but I somehow pulled it off. I just hope other people reading don't get discouraged and keep the end in mind. Don't allow yourself to get distracted by things entirely accessory to your goal.

Aug 12, 2017 - 5:54pm
Justlikeadream, what's your opinion? Comment below:

How to break into IB as a senior non-target school student (Originally Posted: 01/07/2018)

Hi guys, I'm a senior at a non-target UC school (GPA: 3.7). No IB work experience. I've been studying IB skills such as modeling. I can stay for one or two more quarters at school if it's helpful for me to break into investment banks. Can you guys give me some advice on how to locate my first intern/position in an IB? Alos, I've been doing networking on LinkedIn, but I find it hard to actually locate a position by doing it. Can you guys also give me some suggestion on that? Thank you in advance, guys!!

Aug 12, 2017 - 5:59pm
ForeverMiracle, what's your opinion? Comment below:

Interested in IBD Corporate Derivatives from a non-target (Originally Posted: 11/11/2012)

Hello all,

I'm curious if anyone has more information about SA recruiting process for IBD derivatives. The group helps corporate/government clients manage FX and rates risk exposures.

I got very interested in this desk while doing an IBD internship last summer in Hong Kong. However, most banks doesn't do recruiting at my school. Anyone care to offer some advice how to break in as well?

Many thanks in advance!

Aug 12, 2017 - 6:01pm
Rob88, what's your opinion? Comment below:

IB Firms that hire from non target schools (Originally Posted: 03/21/2011)

I was wondering what IB's in NY hire from non target schools? My friend got a job at Barclays as an analyst from graduating from Loyola MD. Does Barclays hire often from non target schools often?

Aug 12, 2017 - 6:13pm
Elvemage, what's your opinion? Comment below:

What's more difficult: Breaking into NYC BB IBD from a complete non-target, or running a marathon (Originally Posted: 02/11/2017)

Both are quite difficult. One requires grit, charisma, and a lot of luck. The other can be achieved after following a linear training routine for a number of months.

Discuss

Aug 12, 2017 - 6:18pm
StephCurryGG123, what's your opinion? Comment below:

Investment Banking Recruiting from a Non Target - Should I get a Masters in Finance (Originally Posted: 05/04/2016)

Hi, I'm currently a student at Santa Clara University and am aspiring to become a professional in a field such as investment banking. I want to know about the options I have in terms of pursuing job opportunities in a field such as investment banking. I know that I come from a non target school, and so its going to be a lot tougher for me to even get my foot in the door in terms of investment banking. A lot of advice on these forums suggest that I need to engage in a lot of networking in order to try and land myself in a finance related internship, and that if I work hard enough and get a good gpa, that it is possible that I could find my way into a good investment banking internship and eventually a job after graduation. While this is certainly a viable path, I was wondering if another option I could pursue would be to try and graduate early (2 and a half semesters) and then go to a good masters in finance/financial engineering program like Haas. The downside to pursuing this path is that I may not get into a good program. I've been told that masters programs want students to spend more time in college, so that they can do more internships and get involved in research, before the students go to the masters program. For now, lets assume I can get the grades and an internship, but may not have the time to complete solid research before graduating ( I don't mean to sound cocky in saying I can get good grades, its purely a hypothetical situation). In the long term, would it be better to try and finish college early and then attend a masters program with enough prestige that I could more easily get into investment banking, or would it be better for me to stay for four years and risk not getting into investment banking after graduation. I've been told that investment banks don't like older employees at the entry level, so that would be a reason I wouldn't go through the entire four years and then get the masters. I recognize that my experience in this area is very limited at the moment, and was wondering if anyone with experience could give me more insight into the option that I should pursue.

Best Response
Aug 12, 2017 - 6:28pm
alpha_q, what's your opinion? Comment below:

Reach the mountain top: Keys to Break into Investment Banking as a Nontarget (specifically as a Summer Analyst :) ) Part I (Originally Posted: 11/21/2014)

Hey Guys,

I've been a long time searcher on WSO, and decided that I wanted to join a couple months ago and help contribute to all the wonderful advice on this website. First thing's first: If you are currently reading the content on this website, even an article a day, you are already ahead of 80% of the competition. Today I really wanted to share with you a few of the tips that I feel can get nontarget students through the door. Coming from one myself (solid HS GPA, sterling SAT scores, but didn't want to do IB back then, and didn't know the hole target an nontarget dichotomy. Did go to a state school with a awesome party scene though lol), I know that it's a tough ride, but one that can be overcome with the right tools. Without further ado, here's my list/progresson of the tasks you should do to prepare (We'll call this part to Mountain Trail):

Summer of Sophomore year (June 2014)--> begin reaching out to people through cold emailing. Try to send out approximately 15-20 a day, and try to do it at the same time consistently over a period of time. It's the matter of repetition and routine structure. If you decide to shoot out 100 a day for 3 days, that's great, but definitively not something you could keep up. You should continue to cold email like this over the course of 12 weeks throughout the summer.

Beginning of Junior Year (September 2014)---> 12 weeks in, you should have accumulated around 900-1200 emails. Assuming that you have had a conservative 10% hit rate, that would mean that you should have gotten a chance to chat with 90-120 folks over the summer across multiple banks. Here's where things get interesting.

When you get on the call, ask good questions and make sure to center the conversation on them and their career. Bankers enjoy speaking about themselves, and if you can interject with an intelligent question about the flow of conversation, BOOM! you are an expert conversationalist. At the end of the conversation, ask them referrals to other bankers, and most of the time, they would be happy to refer you to a friend or two. This would double or triple your network to around 200-300 bankers. Now you're making serious headway. (that, and the guy on the other line with leave the conversation thinking "man, what a great guy." you can be sure that they will remember you from the other faceless nameless candidates when that pile of 300 college kids is on their desk at 1:46 am in the morning.

I understand that I'm boring you at this point, so apologies for this, but I'm almost done, so please bear with me for a little longer. Now that you have 200-300 contacts across a good 8-10 banks, make sure to reach out to them every 3-4 weeks with an intelligent question about the markets (moneybeat and dealbook are great), a holiday (happy 4th/labor day/thanksgiving), or just down to earth coversation (one of the guys that I first met were going at it about van halen vs. metallica lol). This transitions you from another candidate leecher to a friend/colleague that they'd want in their group. It's like making friends for the most part, guys. Make Friends with Bankers, and they will naturally gravitate towards you. Try to get something from them, and you will walk away empty handed. Will you encounter people with holes in their ass? Sure you will (I followed up with one guy about 6 times before he finally asked me for my resume. After that, we set up time for a call at 10. I was late 10 minutes because I was in a conference call for my supervisor at my past internship, but he wasn't having it despite my remorse. I immediately got grilled on obscure technical questions that I had no idea of at the time. Got chewed out pretty good, but in hindsight, was pretty funny to be honest. Maybe he was having a bad day??)

Anyway, now it's time: It's November 2014, and you are super confident at this point. It's time for you to make a weekend trip to meet some of these guys. Make sure to let them know a few weeks in advance, because they will cancel on you because of the nature of their work.If you are lucky, it could lead to a site visit (met a guy in NY for coffee, but.......

I'll stop there at Part I, just because I don't want to inconvenience anyone or lose anyone's attention with the wording. Will be sure to put up part II if there's positive feedback (hate to dilute any of the good topics on this blog.)

Ciao, AlphaQ

There's a closer meaning to my user name. Try reading it quickly. Perhaps you will then understand ;P
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Aug 12, 2017 - 6:31pm
Cavaliers12, what's your opinion? Comment below:

Advice on getting into a Charlotte investment bank from a non-target? (Originally Posted: 06/03/2015)

This fall I will be a freshman at University of North Carolina-Charlotte, which is a complete non-target school. I only chose this school because I was given a full ride, and I couldn't disregard that offer considering I came from a financially disadvantaged background. I'll be majoring in economics, and I'm aiming for a 3.5+ GPA. What steps should I take to break into investment banking in the Charlotte area? I don't mind working at a no-name boutique as long as I get the experience. I also plan on doing a top 20 MBA once I gain a few years of experience.

Aug 12, 2017 - 6:41pm
volsfan2014, what's your opinion? Comment below:

Chance of breaking into IB given stats at a non target (Originally Posted: 11/30/2016)

Hi, I am a junior, I have a 4.0 GPA majoring in supply chain management with a fortune 50 internship in the supply chain field, won a business case competition, and have leadership experience serving as an Resident assistant in a dorm. However, I am from a target (The university of Tennessee) where we have a prestigious supply chain program, but aren't known for finance. Will I be able to have a chance at still getting interviews in IB, or will my best bet be to just network the hell out of it, and hope for the best.

Aug 12, 2017 - 6:45pm
DieBank23, what's your opinion? Comment below:

Junior at Non-target trying to get into IBD/AM (Originally Posted: 02/28/2018)

I am a junior at a private liberal arts college, and my long term goals are to be in IB or Asset Management. I have a good GPA at 3.95 with strong extracurriculars as well. I've had decent internships the past two years (Tax stuff at a CPA, Credit Analyst at a local bank) and this summer I have an internship at a BB. The only problems are that (1) it is in the finance department(haven't been placed into a team yet though) and not in the IBD and (2) it is not in a major financial city.

Any tips from people that have gone through similar experiences? I got my BB internship because of an alumni connection, but I don't know of anyone from my school that has gone into IB. I also am considering going to business school after undergrad, in order to expand my network and try to work an alumni connection again.

Thanks!

Aug 12, 2017 - 6:50pm
Supermanexcel123, what's your opinion? Comment below:

How to get an interview from a complete non-target with no alumni in IB (Originally Posted: 06/10/2016)

So, I finished my undergrad degree a few weeks ago and about to start 1-year MBA program in September. (it's a 5 year program at my school for finance). I understand that I should be recruiting for an analyst position obviously since nobody would hire me as an associate with no experience. I have had 2 no name boutique internships and SA at no name REPE firm. (3.9 GPA) I bought BIWS training and have a pretty good understanding of technicals and can answer most of the questions from the guide. The problem is that I am afraid I wont have a chance to interview because no banks recruit at my school. I have reached out to hundreds of people on LinkedIn and through emails asking for a phone call to talk about their experience. Most of the time, I get responses saying that I should apply online on their website (blackhole) or they simply dont asnwer. I am also aware that majority of FT class comes from SA's. I am an international student as well, so very small regional boutiques would never sponsor me. Thanks for any advice.

Aug 12, 2017 - 6:56pm
ibdkid123, what's your opinion? Comment below:

6 Steps to Guarantee IBD from a Non-Target (Originally Posted: 10/08/2014)

My background: Non-target to BB DCM SA in NYC to 3 FT IBD offers.

I believe there are 6 steps that can virtually guarantee a non-target to break into the industry. The caveat is that some of these steps may not be attainable to every individual.

1) Network: You've read it a million times on WSO and hear if every day from your career counselors, but it truly is the only way to get a look from firms that don't recruit at your school. Find alumni on LinkedIn, find connections of alumni on LinkedIn, find people that share interests with you on LinkedIn. Talk to anyone you can. I probably had 50 phone conversations with people in the industry before SA recruiting rolled around. Without those connections I would have not made it in the door at any of the shops I interviewed with.

2) GPA: A strong GPA gives you credibility if your school will not. Keep your grades up, especially Freshman and Sophomore year. Don't overload your schedule, don't triple major, don't take the hardest classes first. School (particularly non-STEM majors) is a game, and it's all about how smart you are at playing the system. I had numerous contacts tell me that they wouldn't have been able to vouch for me if I didn't have the marks to back it up.

3) Brand Name Companies: Relevant experience is crucial, but having brand name companies on your resume can also be very beneficial. It also can help you land some relevant experience in the future. Who cares if you didn't do any modeling or work on deals, having a F100 company (doesn't need to be finance) is just another checkmark of credibility. BB PWM after your freshman year is a great start, or the finance department of a brand name company.

4) Relevant Experience: Regional IB/PE/HF/VC is ideal, but even relevant experience for a investing group where you performed valuation analyses on companies can go a long way. The key is doing something that shows a progression towards IB (ideally have this experience AFTER your brand name experience).

5) Know Your Shit: This should be a given, but once you complete steps 1-4 and are able to land SA interviews, you need to know your shit. Buy the guides, know them forward and backwards. The last thing you want to do is work your way into an interview and then confirm their speculations that you are dumber than the core school kids and they don't recruit at your school for a reason.

6) Be Personable/Normal: This may be the most important (and probably the only one that may not be attainable to everyone). But it is huge. Once you get into an interview you have to show the interviewers that you are human and not a robot. This is all about your EQ and not your IQ. People don't want to work with people that they can't connect with socially. Don't be so uptight and try to actually have a conversation with the person interviewing you -- preferably about something NOT related to banking.

Hopefully this post wasn't too harsh, and hopefully it is a little bit helpful. I have had a lot of people ask me lately about breaking in, and I wanted to lay it out in some easy steps that IF YOU DO, you will make it. Of course, you can make it in without following these steps, but it will only be more difficult.

Aug 12, 2017 - 7:01pm
Jun Zhou, what's your opinion? Comment below:

Good choice for IB among Non-target school (Originally Posted: 10/09/2014)

I am currently a senior and looking for advice about college. To be honest I know there is no chance I could get into a target school like Columbia or Michigan. I understand how hard it is to do IB from a non target school but I still need to find a place that is relatively good. From my perspective I can get into schools like Rutgers, U of Madison or U of Indiana. The thing is I love NYC so I wanna apply for Baruch, Fordham, and Yeshiva(I am not Jewish). Personally I will choose Baruch instead of Rutgers, is that the right thing to do?

Aug 12, 2017 - 7:10pm
TheCookingCardsman, what's your opinion? Comment below:

If I go to a non-target school, do I still have a chance at investment banking? (Originally Posted: 05/17/2016)

Sorry if this post is kind of long.

I'm quite young. I'm only a junior in high school, and I've always wanted to go into engineering. But after joining my robotics club, I've really decided engineering is not for me. It was more of my parents pushing me to become something.

Recently, I've decided that business and finance interests me far more than engineering, medicine, or most other fields. After some searching I stumbled upon investment banking, and I've been doing a lot of research and reading tips. The industry is good, exit opportunities look good, and salary looks great. Everything looks very good (at least on paper), and the long working hours are, to me, simply a trade off. You can't get everything.

I want to maximize my chances and as I've been reading many articles and guides, I've noticed that a lot of Investment Banks only hire from certain target schools, and that it is nearly impossible to get in if you don't go to one.

I won't be able to go to any of these target schools, mostly because of financial reasons. My dad makes around 35,000 dollars a year, and he has to support a family of four (my mother, my sister, himself, and me). I'm probably going to be going to a state university (University of Missouri Columbia).

Everywhere I look, It seems my chances are very, very slim. While I don't doubt that they are, is there any course of action I can take that would increase my chances? After doing further research, I've come up with a plan that looks like this:

-Major in financing/accounting (picking a major between these two isn't that big of a concern)

-Get a high GPA (I think I can pull off a 3.7, maybe even a 3.8)

-Join an investment/finance club; get into a leadership position by the time I graduate (I think this one is definitely doable. It'll be hard to get into a leadership position early, so hopefully at the very least in my final year I can do it.)

-Do a lot of networking and hopefully get an internship at a small firm (Because I'm only going to a state school, I highly doubt I'll get an internship easily. After a lot of networking and cold calling though, I'm sure I can get at least one. Of course, maybe I'll get lucky. This is just a theoretical plan so it's impossible to tell.)

====================================================================================== That ends the goal of undergrad. I don't think I'll have a shot after doing this simply because I didn't do this at a target school. So, my plan is to get an MFA (Masters in Finance). I don't think an MBA is useful. At least it's not useful based on what I have researched.

SO:

-With my high GPA (and hopefully high GMAT. I'll have to work hard, but I know I can do it), I apply to go to a target school for MFA.

-Attend the one year program, and hopefully I'm able to get in touch with investment bankers when they come for recruiting.

-I hope this puts me in an actually competitive position to apply for an analyst position. I know I'll still be at a disadvantage, but if I prepare hard enough, I can score a job.

I know a lot of you are going to think i'm CRAZY for thinking this far ahead. And you're right; I probably am. But I really, really want to get into the industry. I'm prepared to work very hard; I just need a path to prove myself. So I just want any general advice on weather people think this can work (again I know it's very theoretical, but assuming everything happens as planned).

Aug 12, 2017 - 7:13pm
ScratchGolfer, what's your opinion? Comment below:

Non-Target IBD Recruiting Tips (Originally Posted: 07/05/2016)

All, I graduated from a non-target university in 2015 and have been working in valuations for about 10 months now. Currently trying to leverage this experience to either lateral or network for the next analyst analyst recruiting season. Is it worth reaching out to the recruiter for each firm? Or reach out to analyst and associates at the banks I'm targeting. Appreciate any insight.

Aug 12, 2017 - 7:15pm
BillBelichick37, what's your opinion? Comment below:

Do Non-NYC IBD offices hire a lower percentage of non-targets? (Originally Posted: 09/17/2016)

Was wondering if anyone could shed light on this since from talking to HR at a JPM/MS/GS they have said that the SF office have much fewer spots and they usually go to Stanford and UCB kids. Do most offices do this or are some offices like Chicago or LA more open to non-targets.

Aug 12, 2017 - 7:17pm
dontbugme, what's your opinion? Comment below:

Non-Target Wanting Advice on How to Break Into IB After Tons of Networking Attempts (Originally Posted: 12/08/2016)

Hey guys,

I'm currently a junior looking for a SA internship in IB for summer 2017. I come from a non-target school with relatively little connections to investment banking. I have had some interviews with investment banks, but I have not heard back from them.

At this point, I want to increase my chances of getting an internship in IB over the summer, but don't know how to continue networking.

I've currently researched people at investment banks that still have applications open and have sent a couple cold emails to several people in every role at each bank, but I'm not getting responses.

I've applied to over 50 banks online (I know that this is basically like submitting your resume to the trash).

I've tried to contact alumni and this hasn't done much good either.

About myself: -I currently have a 3.61 GPA. -I'm fluent in Spanish and have an interesting story on why I'm fluent. -Personality-wise, a guy from Goldman says I could fit in anywhere because I'm that easy going. -(I think this is the biggest thing) I currently have no finance experience outside of my major. I am, however, in this program at my school that pairs students with investment bankers already in the industry who conduct mock interviews and go over resumes, so my resume looks good and I have most of the technical's down.

At this point, does anyone have advice on how to increase my chances of breaking into the industry? Any advice helps. I would love to hear from other people who cold emailed and got responses and how they structured their emails as well.

Thanks for all the help in advance!

Array
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Aug 12, 2017 - 7:23pm
Shek19, what's your opinion? Comment below:

Want to break into I-Banking Sophomore at Non target (Originally Posted: 01/01/2017)

What's up guys I'm a current sophomore at UCONN wanting to break into Investment banking. I'm in the honors finance program with a GPA of 3.5, looking to get that up to a 3.7. I'm currently working at a marketing company and secured an internship in NYC for a marketing firm for the summer. I have won a case competition sponsored by KPMG and will be participating in the regional stage. I am also in a few business clubs looking to get a few leaderships positions when I'm a junior. I'm gonna be applying to leadership conferences to bulk up my resume. Over the summer im gonna try to visit a few banks hopefully get someone to push my resume to HR. It would be great if you guys can help out in what I should be doing to best position myself for an IB internship for my junior year. I realize that I come from a non-target and that diminishes my chances by a lot. Getting into a bulge bracket is not so much of a concern, I would be fine working at a boutique or a small bank. Your input is appreciated!

Aug 12, 2017 - 7:25pm
NF0913, what's your opinion? Comment below:

Rising Sophomore BB IB Hopeful (non-target) (Originally Posted: 07/20/2010)

Hey guys:

This is my most recent copy of my resume. Please provide any feedback you can think of; I wanna make sure this is in good shape.

From a non-target... it's considered top 20 business school but a non-target, nonetheless.

Thanks a ton.

Updated:

http://www.razume.com/documents/16198

Aug 12, 2017 - 7:32pm
Brebs, what's your opinion? Comment below:

Sophomore, Non-Target, IBD (Originally Posted: 04/19/2012)

I am a sophomore, non-target student seeking an SA position at one of the BB's for next summer. There is a resume drop at my school for students interested in IB, however there are a couple items that I am not sure I should include on the resume I turn in.

Is it appropriate to include the internship I will be starting this summer, as well as the academic program I will be participating in next year? These two bullet points are my most relevant experiences to IB, but I am not sure if it is acceptable to include future items on a resume.

Any advice would be greatly appreciated. With that said, feel free to rip it apart.

http://www.razume.com/documents/25312

Aug 12, 2017 - 7:36pm
bennybooch, what's your opinion? Comment below:

Non-target with IB experience looking for advice (Originally Posted: 06/06/2012)

I am sure a somwhat similar thread has been made a dozen times, but nothing replicates my exact situation.

I am from a non-target (used to be target in the 80s if you can guess what school I'd be surprised), with a medium GPA and a BSc in Economics. I graduated in 2011, but after graduation I was working briefly in a field that I was not interested in. In spring I was was offered a spring IB analyst position at a boutique after dedicating nearly all of my time to breaking into IB at any level. I gained fantastic hands on experience at this boutique. I received no SA interviews however (probably because of the awkwardness of my specific situation), but was offered a part time position as a trader's assistant at a prop desk. Along with sitting at this prop desk part time I am also working PT as a SA at the boutiqe IB earlier mentioned.

So I guess the question is what should be my next move? I have a decent GPA... IB and trading experience after this Summer, and a demonstrated passion for finance. Although I do enjoy this trading internship IB aligns a lot more with my personality. I am networking, but what shot do I have in this economy to even get a chance to interview at at a mm?.Suggestions?

Aug 12, 2017 - 7:39pm
slayer, what's your opinion? Comment below:

Non-Target to Top IBD gig (Originally Posted: 10/20/2013)

I'm not a good story teller so bear with me.

Story (Edit):

Didn't like the bulleted format - I'll write it out and repost a little later.

Aug 12, 2017 - 7:58pm
bigdog1993, what's your opinion? Comment below:

Getting into Boutique IB Firm From Non-Target School (Originally Posted: 12/19/2014)

I go to a top 20 public university with no Wall Street firms coming to recruit. I mainly chose this school because I am an athlete. I am double majoring in Finance and Business Management with an Accounting minor, my current GPA is 3.3 (which I probably will graduate with). I had an internship last summer with a family friends business, mainly doing investment analyst stuff, but I wouldn't really call it a legitimate internship.. Will I be able to sneak into a Boutique IB firm? I also like trading a lot so that is an option as well

Aug 12, 2017 - 8:00pm
Max-Kimmel, what's your opinion? Comment below:

Breaking into investment banking from a small school (Originally Posted: 07/01/2017)

Hey guys, first time poster here. I go to a small, 4 year college program, mainly for religious reasons. I have a 4.0 GPA and am majoring in mathematics, and double minoring in finance and information technology. Due to the nature of my school, there aren't really any companies that come recruiting, not alot of options in terms of finance clubs, and overall just alot less opportunity than what many of you are likely used to. My question is, what are my realistic options, if any, if I want to break into finance, specifically investment banking? I'm a Junior in college and mostly struck out looking for internship opportunities this summer.

Thank you in advance!

Aug 12, 2017 - 8:05pm
kcirtap35, what's your opinion? Comment below:

Is it possible to network yourself into IB from a state school? (Originally Posted: 02/19/2014)

I've basically decided that I'll be going to Michigan State University and have been wondering how feasible it would be to get into the IB industry from that school. I'm aware there aren't many IB firms around Michigan, so I'd most likely move and throughout college I'd try to attend as many career fairs as possible and try to network with as many alumni as possible. If I play my cards right, would I have a chance? Also it should be said I don't mean getting into a BB I just mean any bank.

We spend a lot of time making the unimportant measurable while the important remains immeasurable
  • 1
Aug 12, 2017 - 8:15pm
Grimloge, what's your opinion? Comment below:

State School to Investment Banking SA Offer (Originally Posted: 11/02/2016)

I just thought I would share my story with ya'll. I go to a state school which doesn't have the greatest alumni but they do exist. I wanted to do banking since freshman year (couldn't tell you what banking was until probably my sophomore year 2nd semester). I started networking freshman year, cold e-mailing alumni but didn't have an internship so I took classes. Sophomore year I basically just drank my ass off and my GPA fell from a 3.7 to a 3.4, by 2nd semester I got it up to a 3.47. I landed an internship a fortune 500 company right after spring break (pure luck that one kid reneged on his offer and they had an opening). I interned there that summer and networked with everyone there, one guy from corp development put me in touch with some contacts and got me interviews at Allen & Co, but I honestly just got lucky that my intern project was a deal so I had some relevant experience. Starting in September I thought I was fucked for interviews, I didn't spend any time on the guides and had a Ciit Ibanking first round interview (which I bombed), and then last chance at Barclays where I met an alumni who worked on the deal that I worked on during my internship. She liked me and pushed me I killed my superday (thank god I didn't get any technicals). Looking back on my experience I honestly was just lucky that the individuals really liked me, and pushed for me. There is no magic recipe to get ibanking it's just a combination of hard work and luck. However, I've sent over 200 cold e-mails and have had over 100 phone calls all of which definitely helped prepare me and really understand the work I'd be doing. Feel free to reach out with any questions or advice! Good luck everyone!

Aug 12, 2017 - 8:17pm
LinkedInPremium, what's your opinion? Comment below:

Non-target Undergrad to Bulge Bracket IB (Originally Posted: 03/05/2018)

I'm a Junior at a pretty extreme non-target (99% sure there has never been a single graduate at a BB) public university that is most well-known for it's medical and law programs, NOT business. I have big4 experience, bizdev at F500 commercial bank, and boutique PE. Having virtually no alumni database or connections, cold calling/emailing/LinkedIn hasn't gotten me very far. I worked my tail off just to get the PE internship, and can't seem to crack the barrier between middle-market/boutique IB firms in my area and BB. Any recommendations?

Array

  • 2
Aug 12, 2017 - 8:18pm
BDWK, what's your opinion? Comment below:

I can't post links here because I'm a new member but I have a couple suggestions just from browsing this forum.

  1. I'm not sure how many people or what positions (titles) the people you're emailing are in. There seems to be a sweet spot as far as who to email considering first-years don't have much say in hiring decisions and managers don't respond to emails from outsiders. Associates may be your best bet but someone can correct me if I'm wrong.

How many emails have you sent out? If it's not close to 100 then you need to keep cranking them out. You should also make sure you're structuring your emails appropriately. Everything from the title of the email to the actual content matters. There are a few threads on here but you'll have to search them.

2.If you're getting in contact with people but it's not going anywhere then you might need to "upstage" your responsibility at the PE firm you were at. Don't lie but simply talking about your Excel experience isn't going to differentiate you enough. Not saying that's what you're doing. Maybe you could let us know what you've said to people you have been in contact with if any.

Hope is not lost though man. Just need to get a feel for what you've done so far to make further recommendations.

Aug 12, 2017 - 8:19pm
LinkedInPremium, what's your opinion? Comment below:

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Array

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