4 Comments
 

I don't know what school you are going to but if your at a non-target, you need a 3.8+ from the success stories I have heard... I mean take it with a grain of salt. I haven't met the whole entire non-target IBD people but you should do what interests you.

Also, at a non-target low GPA will kill you during recruiting so make sure that you are ready to commit and do well in school.

So, you should take both concentrations or even minor in some quantitative major since alot of IB firms like quantitative majors.

 

To have a good GPA is to pass the HR check. Anything above 3.5 is okay. But the worse a school is, the harder it is for you to get a high GPA, since good schools nowadays tend to have significant grade inflation.

For quant, a math major is definitely unnecessary. I-banking does not require math higher than pre-calc.

 
Best Response
heintzstTo have a good GPA is to pass the HR check. Anything above 3.5 is okay. But the worse a school is, the harder it is for you to get a high GPA, since good schools nowadays tend to have significant grade inflation.

For quant, a math major is definitely unnecessary. I-banking does not require math higher than pre-calc.

for traditional investment banking, a math major is not necessary indeed (math majors work in IBD, though). for quantitative analysis, however, a math bachelor is not even enough. you either need a phd in math (or something related, e.g. applied math, physics) or a masters in something like financial mathematics or financial engineering.

finance is becoming more and more quantitative every day, so a math major is not a bad idea (if you are interested in math). some fields of investment banking which are not quant jobs already require a lot of math, e.g. structured finance. you also need a math bachelor for risk management btw. and in trading it is definitely helpful.

 

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