I have a friend who is pretty confident/cocky if you ask me. He's basically saying to not sweat it since both he and I have decent "stats" and go to target schools. All the banks coming to us on campus should basically grant us an interview... I don't feel so sure about this, but he is pretty sure to get 90% of everything he applied to via the career center (even though last year as sophomores we received very few interviews). Here are rough stats: 1550+ SAT, 3.9 GPA, Previous BB non-IBD experience, decent ECs. is this basically going to grant him first rounds to basically everywhere he applies, or is it still a crap-shoot?
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What sort of "target" are we talking about? With those stats coming from a target for SA interviews, I'd be very surprised if he wasn't granted first round interviews wherever he applied. Last year's lack of interviews has more to do with the fact that he was a sophomore.
Getting to final rounds with his attitude is the real issue. Kids with that sense of entitlement usually get it handed to em at some point.
very solid target; e.g MIT/Stanford level
wow i say basically a lot
Yes, first rounds should be easy.
First off, no one's a "lock-in" for first round interviews no matter how great their stats are. The person reviewing your resume could be having a bad day, could know you from somewhere and not like you, and a million other things could happen that might result in you not getting a first round interview.
That said, with those experience and stats, he does stand a very good chance of getting first round interviews. Will he get them at every bank he applies to? I would say no, simply because of the randomness factor I mentioned above. Will he get the majority he applied to? With his background, yes.
there are no locks as stated but he should get first rds mostly everywhre he applies
yeah, with those stats I think he has a pretty good chance. However, I don't know how much of importance SAT scores have. But the 3.9 is solid.
what major?
Econ & CompSci
first rounds are going to be solely based on the resume.... and with those stats i would say that puts him firmly in reach of a lot of places, but keep in mind there is one variable thats no easy to standardly assess which is experience. If there are a ton of kids from your school that have interesting or more accomplished EC and prior work experience..... the GPA/SAT scores will not be as important. This would only apply to a place that is only interviewing say a couple of kids from your school. Because they arent interviewing as many students, they will be selective on who they choose and it will come down more to who has the ECs and prior work experience that best fits their jobs. As previous posters pointed out, though, first rounds mean little for what the goal is -- a summer analyst or intern position. The most important aspect that every candidate is weakest on is the interview.... and the more confident the individual is about getting a first round interview.. the more unprepared for it they are. The resume means nothing in the interview where they are more concerned about your people skills.... how you present yourself to others....... how you sell yourself. Your buddy may want to review strongly about how to seal the deal in the interview.. and less on his getting the first rounds. Many people I have talked to who are confident go into an interview cold... and never think twice about how what they say looks to an outside participant. That is probably the most important aspect to review when applying for jobs.... always ask yourself two questions.... what would this job be looking for in their candidates.... and how does what i say look to the person who is interviewing me.
oh also to one of the other posters.... SAT stats seem to be more and more requested by jobs on wall street. Funny how a pointless test becomes again another stat to rate candidates on. I would say they seem to be of importance as a delineation tool to help flesh out a candidate... SAT (and to a lesser extent ACT) is still the only nationwide test that individuals applying to these jobs should have all taken. Its the one checkpoint where individuals within and across schools can be compared.... and therefore will probably still weigh heavily on the minds of those picking the first round interviewees. I was surprised when i went into interviews without it on.... how many times the interviewers asked me what the score was. I would say it probably plays a pretty strong role on your resume nowadays.
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