is the gpa cut off still 3.5?
title.
most threads with the 3.5 figure are earlier than 2015, so I’m curious if it’s more competitive now. also wondering if it’ll go up next year with less hires (?) due to covid
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For straight white males/asians, the bar is typically higher (think 3.7). If you're lucky enough to be born a black female, the bar is lower (think 3.0). As with college admissions, these number can differ in outlier cases.
Ready for MS when I've been told this multiple times by FT analysts
You realize that we don't see race when reviewing resumes right?
Shows how out of touch or intentionally ignorant you are of the process. Diversity and non-diversity resumes don't even go in the same pile and your post is completely irrelevant.
For diversity candidates recieving offers through the non-diversity (and more difficult) round (which is rare), it does not mean that they are 100% up to par with the rest of the applicant pool, as HR will always be happy to pump up their diversity numbers. (This wouldn't be decided in the resume round, but if it hypothetically did, my point above still stands). Not saying that diversity candidates are inherently less qualified, but the objectively racist and sexist practices of HR lead to the objective truth that as a whole, the candidate pool is weaker. (If it wasn't, diversity hiring wouldn't exist)
I'm not sure how to end this reply but just wanted to make it clear that your post was 100% incorrect and irrelevant.
you mean white female? You do realize its white women who take up most o the diversity spots and they need a lower gpa.
Few quick things.
1) If it was all 'merit' defined solely by school prestige and GPA, then you would have Asian men/women (who average relatively similar GPAs), and white women, in higher absolute numbers than white man. It is a fact that Asian women, men and white women all enter college and leave college at higher rates with higher GPAs than white men. So maybe you should start there...
2) Quick case studies re: being 'lucky' to be black -- and particularly a black woman.
a) Law (close enough to IB as I could find but results would probably not differ. Identical work by 'black' lawyers viewed as lower quality than 'white' lawyers.
source: Above the Law, "Proof Typos are Racist" On a five point scale, reviews for the exact same memo averaged a 3.2 for the “African American” author and 4.1 for the “Caucasian” author. ** More surprising were the findings of “objective” criteria such as spelling. The partner evaluators found an **average of 2.9 spelling and grammar errors for the “Caucasian” authors and 5.8 such errors for the “African American” authors. Overall the memo presumed to have been written by a “Caucasian” was “evaluated to be better in regards to the analysis of facts and had substantively fewer critical comments.”
There is a common refrain that for black professionals to be twice as good as your white peer. Look at the number of spelling errors found -- the 'black' lawyer would literally need to make half as many errors (i.e. be 2x as good) to be seen the same
b) Small Business/Being a Consumer Source: NYT, "Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds"
Setup: From late April to late May, the researchers and the nonprofit, which advocates better access to capital for low-income and minority communities, sent pairs of would-be loan applicants to branches of 17 banks. In each pair, a Black borrower and a white borrower shared similar credit and asset characteristics, so the only difference between them was their race. To make the study more conservative, the researchers gave each Black borrower a slightly better financial profile than his or her white counterpart.
Outcome: Researchers found that white customers were told more frequently than Black customers that they would qualify for a loan. Male customers who were either Black or white were told they would qualify for loans more frequently than female customers who fell into either category. Not a single Black female customer was encouraged to apply for a loan by having an employee assure her she would qualify.
When the news inevitable comes out about how badly COVID affected the black business folks like you will probably be shouting from the hilltop about how an efficient market chooses the best businesses -- and that the black owned business were simply more poorly run. Completely ignoring (intentionally or otherwise), that white men have been benefiting the from the strongest form of affirmative action in existence -- affirmative confirmation bias.
You'll be fine even with a 3.0 man. Look at me.
I have a 1.7 and got a full time offer from Tobin & Company. It can be done.
You can try being lgbtqiap+
Those diversity programs are more competitive and less common
shit lgbt people say
I think the sentiment that you just need a 3.5 is dated and pretty false.
I go to a target and have a 3.7ish. I got dinged at the resume screen at a few top BBs even with some networking. The fact of the matter is that these roles are insanely competitive, and even from a good school, there’s tons of people also coming from your school that you’re competing against for interview slots. Considering that there will be some kids basically guaranteed interviews (connections, diversity, insanely good at networking, frats/sports teams with current employees), there’s a bunch of smart people competing for only a handful of interview slots. Obviously there’s a lot more on a resume than just GPA, but when most applicants have relevant internships and are head of whatever investment group, GPA just becomes an easy way to pick the top couple. All else equal, any bank is going to interview the 3.9 over the 3.7 over the 3.5.
Obviously it’s possible to get around this with great networking, and once you’re in the interview phase I don’t think GPA is doing much, but as far as getting the interview it’s really important. If you’re a relatively non-unique candidate on paper, you’re competing against a bunch of similar candidates from your school and GPA is likely going to be the way they differentiate people at the end of the day.
I smell diversity
Diverse kids arent the reason you have a mediocre GPA or are struggling to get an offer. No one to blame but yourself tbh.
you only need a 3.5 to be competitive from a target but the people who go on this website tend to have low social skills so it's more like 3.9 for them