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Based on the most helpful WSO content, having a "random" STEM major at a target Ivy League school doesn't necessarily "cook" your chances for investment banking. Here's why:

  1. Target School Advantage: Being at a target school already gives you a significant edge. Many firms recruit heavily from these schools, and your major matters less as long as you can demonstrate intelligence, work ethic, and interest in finance.

  2. GPA Matters: A competitive GPA is a strong asset. It signals that you're capable of handling rigorous work, which is crucial in IB.

  3. Lack of Finance Internships: While not ideal, this isn't a dealbreaker. Many candidates pivot into IB without prior finance experience. You’ll need to craft a compelling narrative about why you're interested in finance and how your STEM background equips you with analytical and problem-solving skills relevant to the role.

  4. Networking is Key: Without finance internships, networking becomes even more critical. Leverage alumni from your school, attend firm events, and connect with professionals in the industry to build relationships and secure interviews.

  5. Preparation: Make sure you're well-prepared for technical and behavioral interviews. Use resources like the WSO IB Prep Course to master the technicals and refine your story.

  6. Boutiques and Smaller Firms: If you're struggling to land interviews at bulge brackets or elite boutiques, consider targeting regional boutiques or smaller firms. These can serve as a stepping stone to larger opportunities later.

In summary, you're not "cooked," but you'll need to hustle. Focus on networking, crafting a strong story, and acing interviews to overcome the lack of finance internships.

Sources: Target students who don't make it, 2019 Investment Banking Full Time Recruiting - Do I Have a Chance?, What should I major in to get into investment banking from a non-target school?, https://www.wallstreetoasis.com/forum/investment-banking/systemic-oppression-of-non-target-students?customgpt=1, Non-Target Recruiting Guide Part I: Resume and Networking

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

You're chilling if your GPA is good. Just try to get involvement in finance clubs and an off-cycle internship to demonstrate your interest before recruiting.

 

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