Just some questions to the pros

Morning Gentlemen,

I posted on here over a year ago asking for advice from those who had already made it about what I could do to better prepare myself to acquire a career in investment banking either immediately out of college, or within 3-6 years of graduation. I got some mixed results, but basically most responders thought I wasn't in the greatest shape. That was in my freshman year of college.

Now, I am a soon to be junior at the top private college with the top business school in my hometown. Since my last post, here is a brief synopsis of what I have accomplished:

  • GPA up to a 3.34 from an abysmal low and rising with my first 4 semesters being as follows (2.67, 3.68, 3.26, 3.74). First semester is obviously the glaring problem, but it was my first few months of college and I didn't really "get it". I think the subsequent semesters speak to my actual academic abilities however. (3.26 being the result of a botched final in a class). I also think it might be worth noting that while attending school full-time, I also worked approximately 18 hours a week at a local car dealership.
  • Considered one of the "founding members" of the Economics & Finance club on campus, which requires a minimum GPA of 3.0 to be a member, as well as strong committment to the club and our goals. We have grown from the starting 5 to roughly 30 members in a year. Currently serving as Vice President, and in the process of organizing a trip to San Diego to attend the AEA conference being held there January 2013. In addition to the trip, currently campaigning for financing from our school's finance committee to obtain a $5,000 grant to be used in a club run investment portfolio, with the school's finance professors giving insight into the companies we research and offering opinions.
  • Working an unpaid internship at MassMutual Financial Group, currently in the 4th week, in which I have learned about the sales process in the life insurance/mutual funds industry, have met many professionals from my area as well as outside, called clients to schedule follow-up appointments and to spread awareness of company run seminars on various topics. The work is not glamorous, but most of my colleagues are not even doing internships their Sophomore-into-Junior year summer.
  • The school I attend also has a program known as the Golden Griffin Fund, in which seniors and one or two graduate MBA students manage a portfolio in the range of $120-140k (not sure exactly on the number). I know that in the ten or so years that the fund has been around, it has only shown positive growth from the initial $100,000 endowment. I plan on applying to be in this program and think that my chances will be very good at getting in.
  • Next summer I am trying to decide on whether or not to apply to intern at an economic consulting firm in Washington D.C. (I know economic consulting is very different from banking, but I am also intrigued by what they do). I currently have a cousin interning on Wall St, (she is from Wharton), and spoke with her about what she is doing this summer. She made me aware of the hours, yet has done nothing but rave about the positive experience she has had thus far in New York.

Thanks for reading through my ramble. Now, here are the questions:

  1. How do I honestly look so far, in terms of being able to get my foot in the door in IB? I don't mean to sound arrogant by any means, but I truly believe that once I can get in with an interviewer, speak with them and the like, I have just as good of a shot as anyone from any top school (the usual target schools) at impressing him or her and making that person want to call me back.

  2. What's your opinions on the consulting firm route? Since it's not a sure thing and I wouldn't be applying until next summer, I'm a little hesitant to put the name of the firm. However, it is a strong firm that advises law firms, Fortune 500 companies and government agencies. What I mean by this is ultimately, my goal is to move into the finance world. How well would this route work out for me?

  3. Is anything that I've done something that would impress an interviewer on first glance of a resume? Or do I really need to step my game up?

Brutal honesty is encouraged. Thanks players.

 
Best Response

You have one last semester before Spring recruiting. If you get a 4.0, you have a GPA that is roundable to a 3.5.

THAT needs to be your priority, along with the Econ club.

Have a 3.5 GPA, one professional club, a sophomore internship, and one thing that shows you are interesting, and you stand a decent chance for recruiting. Not from the banks, but from the finance departments at F500 companies and maybe a boutique or two.

Good job getting that GPA up. But the last lap of the race is always the fastest and the hardest.

 

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