IB 4 year plan
Hello, I am a first year studying at a target school (ND mendoza). I have no clue how to get started for IB recruiting and am wondering what is a 4 year plan if i want to break into BB/EB in New York City. Do I need to get an internship at the bank i want to work at for sophomore year summer and then try to get it again for junior year to get a return offer? Do i have to reach out to people at the company to network in order to help my chances of getting an internship? I am currently involved in a recruiting club on campus, but am wondering what i need to do in the next 4 years in order to get an IB job, including any major outside of college extracurriculars or like starting my own club or stuff like that, as well as the internships and programs i should get freshman/sophomore/junior summers.
Not my area of expertise but to get you started for now:
The short answer is yes to all of the above.
I’m conscious that’s pretty vague, so to give you some actionables for the moment (beyond just doing your own independent research, which is arguably task number 0):
I’ve got to go but the spark notes are:
Apologies it’s a bit of a ramble, should 100% currently be doing something else.
Ok i may sound stupid but how do you start networking and who do i network? the admissions officers for the internships? how strategic should I be with what internships I do? what are some extracurriculars i have to do (i know try to gain leadership positions in as many business clubs as possible, but do i have to start new clubs and take real initiative? if i want to work at Morgan Stanley, for example, do I have to do their sophomore summer IB analyst internship in the hopes ill get the junior one? do i have to target a specific bank early on? also what tangible benefits does being at a target school even give me? as you can tell i do not know too much about this. also is the path similar for consulting? i honestly think it will be harder to break into MBB new york from my school, and i unfortunately do not want to work in Chicago as a lifestyle choice.
I also go to ND. I recruited for real estate but have friends that recruited for IB.
1. Take advantage of SIBC. Next semester try to get on at least one project. I recommend trying for the “no name” ones that don’t have a lot of people at the initial meetings and next year trying for the larger names. After you’ve done a project. Try to keep in contact with who you met. Try to ask your leaders about their experiences as well, as they’re great resources for understanding the current recruiting timelines.
2. Take advantage of free resources. Forage is one that’s really helpful and easy to put on your resume, especially if you don’t have anything else to put on there. Notre Dame also gives everyone a free wall street prep account, where you can learn modeling and technicals.
3. Get involved with NDIC. In the spring, you can do a stock pitch as a freshman, which is also something you can add to your resume
4. For your freshman summer internship, over winter break I’d recommend reaching out to local firms stating that you are an interested in interning with them next summer. It doesn’t have to be anything crazy, just as long as you can show some interest in finance
5. If you’re diversity, join SEO. It has a lot of free resources as well, and has a pretty vast alumni network that you can take advantage of
6. Sophomore summer internships are hard to come by, but it is possible to get one at a BB. Morgan Stanley’s first year enhancement is their freshman summer internship that feeds into sophomore summer I believe. RBC has the pathways program, but this is mainly for diversity. Goldman has a sophomore summer program. Jefferies has a sophomore summer program called J-Noble I believe. And I know that BofA also has a sophomore summer internship. All the applications for these come out between December and next august, so be on the look out for those by scanning the company websites every so often. Also try to find other programs as well. A great way to do that for me was to join Diversity on Wall Street’s and SEO’s groupme’s, because people talk a lot about different programs in those chats a lot, so it’s a great way to stay informed. If you don’t get a sophomore summer internship at one of the banks, you can still get a junior summer internship at one of them, but it’s helpful to at least try to get a sophomore summer.
7. Start networking sophomore fall. I’ve heard from current sophomores that recruiting timelines are starting as early as the end of sophomore fall now. To network, all you really have to do is hit up ND alum and ask for a 15-30 phone call to ask about their job. This is one of the best ways to show interest in the company and doing this will help you get an interview, tho it’s not guaranteed.
8. Sign up for all the bank’s early careers email list. They’ll periodically send you information about recruiting and events
9. Join Wall Street Club. They send out a lot of information about new opportunities almost every week.
10. You don’t need to start your own club, but I would try to get a minor or take a few classes in a random subject you’re interested in. ND has a ton of minors so go through the list and pick out a few you might want to try to do. I think adding the minor could give you something interesting to talk about in interviews and it also shows off your personality. If you have time, join a non-academic club as well. There’s a lot that require very little commitment, but they still add some flavor to your resume.
11. All the clubs I’ve mentioned so far are ones you have to join for recruiting, but look for others that you might be interested in as well. For example, Students Consulting for Nonprofits could be good if you’re interested in consulting but it’s also just a good way to help nonprofits.
12. Going to ND in my experience has had some tangible benefits. For one, we have a pretty great alumni network that really helps in recruiting. Notre Dame puts a lot of recourses into helping students break into IB, resources that lots of other schools don’t have. We have a great brand name. Everyone knows our school and knows that we have a lot of hardworking and smart people there. These factors definitely aren’t everything in recruiting but they might help differentiate you.
13. Lastly, you don’t have to work in Chicago just cause you go to ND. Lots of people have gone to NYC in the past, and it certainly isn’t hard to do if that’s what you want.
Sorry that was so long, but doing everything here should help.
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