IB networking

profile:
-Overall GPA: 3.79
-Major GPA: 4.0
-Junior at The University of Michigan in school of LSA
-Concentrating in Economics
-Minoring in Mathematics of Finance
-Board member in Michigan Economics Society
-Involved with an investment club on campus
-Co-Leader of Michigan's Federal Reserve Challenge team
-Work part time for the economics department doing research on the finances of european soccer clubs
-placed 2nd in a hedge fund competition on campus
-WSP course on financial modeling and valuation
-no prior internship experience

My ultimate goal is to work in PE and am trying to land an internship but they traditionally don't take undergraduates which makes it nearly impossible. Now I am looking to get good experience in IB to make the transition to PE easier after i graduate or after i get my MBA.

Submitting my resume and cover letters week after week seems like i'm dropping them into a bottomless pit and competing with the business school kids is quite frankly annoying because IB obviously prefers them and I have yet to be invited for an interview.

I read Mergers & Inquisitions frequently and am considering cold calling boutiques around the country. Good idea?

How would a student in my position leverage himself into a solid internship in IB, even if it is for a smaller boutique? I just want to work in an IBD, don't care too much if it's not for a BB.

Thanks in advance everyone!

 

Est ad beatae repellat ipsa et itaque. Rem ea vero distinctio et ratione exercitationem. Et suscipit consequatur maxime architecto et saepe. Quis maxime doloribus qui quidem. Nesciunt iste quis doloremque repudiandae qui.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”