Investment Banking Student - Seeking Guidance (Yes, another)
Firstly before I am scolded for creating yet another "perspective Investment Banker student" post, I did search the forum and did not find anything specific enough that relates to my current educational and work expertise position…
With this said, I am a sophomore at a local community college in the Bay Area with plans to transfer to UCB Haas School of Business (chances look pretty high) next summer for my junior and senior year.
I've read all about Investment Banking, went in to interview an investment banker and have family in similar fields; I have seeked guidance from them but I thought it would not hurt getting a few more opinions and suggestions.
Now to the point, I am very ambitious and motivated about obtaining an internship at an Investment Bank here in the Bay Area, but judging from my current position in school it does not look likely. However I have significant work experience to leap ahead of the pact. I've interned for a Hedge Fund in the Bay Area for four months as an analyst. I am currently interning for Aetna in HMO accounting/finance.
I'd like to get into Investment Banking next summer (ending of my sophomore year)and I hope someone could give me a few tips on what I can do up until then to better prepare myself against my competition judging from my current position.
Thanks to everyone for reading and providing feedback.
Take care,
NO
I'm assuming you don't have anything to do right now? Is there a reason the HF didn't ask you to come back? I think the experience at Aetna puts you in an awesome position for trying to hook an IBD Healthcare group internship next summer.
Not to be rude, but you should still check out "IBD advice" topics. While they might not be EXACTLY like your situation, most of them are pretty damn similar.
"Duh" Tips:
-read up on your finance and accounting. I'd suggest grabbing a book on Valuation, like Damodaran's book.
-read the classics (Monkey Business, etc.) -do something nuts, or at least a little out of the ordinary (buy a lawnmower and advertise everywhere to cut lawns...or something more creative. Hire a team and boom, you're a [very] small business owner) -talk on the phone with anyone you can. Hearing their stories lets you organize your own. Might be worth your time to actually sit down and think, "why the hell do I want to do IBD?" If you find yourself having to convince...yourself, you probably haven't considered it enough. For instance, did you like the hedge fund gig? Maybe your best bets are in S&T.
I'd suggest never taking advice from somehone who has never stepped footy in a bank, xuch as Alphaholic. I'm fucking blasted off of my mindright nowbecasue of thise HR event that I ahd to go to. It awas funcking awesome. Except fo r the dframa that ensued. Also, this 1 dude compeletely macked onm tjis whiicked hot chick from HR for a good portionm of the night. it was so fuckjing awesome.
you are a legend in your own time mate
funcking awesome
Alphaholic-
Thanks for the advice.
Regarding you suggestions, I am taking finance related classes this summer and in the fall. In addition I read business magazines very often. I've read Monkey Business, one of the best books I have personally read. I read sections of it over sometimes just because it's such an excellent piece...
The HF did not ask me to come back because it was only a part-time internship (was not a ibanking internship)... I was the only intern there and they weren't planning on giving away full-time offers (Also, keep in mind I was a freshman at the time).
Can you give me a little more info pertaining to IBD Health Care Group?
I enjoy working in the healthcare industry, but also , I would not mind looking into the gaming industry....
Thanks!
If I were you I would focus on gaining finance-related work experience and doing something interesting in your spare time. You can read up on the field and maybe investigate some other books/resources as well, but I would not go crazy with it.
I look at getting into banking as similar as getting into top universities: sure, you need good SAT scores/GPA, but what really sets you apart is something unique outside your work experience.
To that end, I would recommend spending your time outside school/work doing what you enjoy doing and doing well at it - whether it's an activity, student group or even starting a business, as Alphaholic suggested above.
From reviewing resumes and deciding who gets and who doesn't get interviews, I can tell you that I see tons of resumes from people with "finance" experience and what often determines whether or not I pick someone - beyond just how good their work experience looks - is whether he/she seems like an interesting person.
Studying abroad also works very well for this purpose - great topic to bring up in interviews as well.
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