Chances of Breaking Into IB From UBC With No Internships (Double Major + Data Science Minor)

Breaking into investment banking from a non-target school like UBC without prior internships is challenging but not impossible. Based on the most helpful WSO content, here’s what you need to know and prioritize:

1. Realistic Chances of Breaking Into a Boutique or Small Investment Bank Post-Grad

• Boutiques are your best bet: Smaller firms are generally more open to candidates with non-traditional backgrounds, especially if you can demonstrate strong technical skills and a genuine interest in finance. Many boutiques hire on an as-needed basis, so timing and persistence are key.
• Leverage your unique background: Your double major in Economics and Psychology, combined with a Data Science minor, can be a differentiator. Highlight how your analytical and behavioral insights can add value in M&A or capital markets.
• Networking is critical: Build relationships with alumni, professionals at boutiques, and anyone in your extended network. Cold emailing is effective, but warm introductions through networking are even better.

2. Landing a Fall/Winter Internship Without Prior Finance Experience

• Target local boutiques: Many smaller firms are open to unpaid or part-time interns, especially if you can demonstrate enthusiasm and a willingness to learn. Cold emailing 100+ boutiques is a solid strategy—focus on personalized, concise emails that highlight your skills and eagerness to contribute.
• Be flexible: Consider unpaid internships or roles that aren’t strictly IB but are finance-adjacent (e.g., valuation, transaction services, or corporate finance). These can still help you build relevant experience.
• Showcase your independent projects: If you’ve built DCF models, comps, or pitch decks, include them in your portfolio and mention them in your outreach. This demonstrates initiative and technical competence.

3. What to Prioritize Right Now

• Networking: Start reaching out to alumni and professionals in IB. Use LinkedIn, your school’s alumni database, and cold emails. Aim to have 3-6 people at every target firm who know your name and story.
• Technical Prep: Master the technical skills required for IB interviews. Resources like the WSO IB Prep Course can help you get up to speed on DCFs, LBOs, and other key concepts.
• Resume and Story: Craft a compelling narrative that ties your background to your interest in IB. Highlight leadership roles, case competitions, and your independent finance projects.
• Apply Broadly: Don’t limit yourself to Canadian banks or boutiques. Look for opportunities in the U.S. or other regions where your background might stand out.

4. Additional Tips

• Case Competitions: Continue participating in finance-related case competitions. These can be a great way to demonstrate your interest and skills to potential employers.
• Clubs and Organizations: Join or take leadership roles in finance or investment clubs at UBC. These can provide networking opportunities and hands-on experience.
• Persistence Pays Off: Breaking into IB from a non-target school requires grit. Keep hustling, and don’t get discouraged by rejections.

While you’re behind the typical recruiting timeline, your willingness to hustle and build skills independently can set you apart. Focus on networking, technical prep, and gaining any relevant experience you can. With persistence, you can absolutely break into a boutique or small investment bank. Good luck!

Sources: https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Breaking Into Banking: Your Timetable is Everything, 5 Steps To Becoming A Rockstar Freshman (Undergrad Advice), If I don't get a banking offer, what's the next best thing?, 2019 Investment Banking Full Time Recruiting - Do I Have a Chance?