need some honest opinions - penn state senior
I'm graduating this spring and I'm hoping to get an understanding of my possibility of breaking into high finance. I should end this semester with a cumulative GPA of 3.65-3.67. I didn't decide my major until 2nd semester sophomore year and I have worked about 25+hrs at a local restaurant all throughout college (last semester I also worked as a TA) so I didn't end up joining any of the finance clubs or organizations. I also brought my GPA down a bit by taking chemistry and other pre-vet courses before I decided on finance. My only internship was at a data science company in Buenos Aires (Argentina-- ironic) but I've tried to take the more difficult courses offered for my major (python, vba). Also, I am a girl if that matters at all. I'm considering staying longer to either minor/major in our version of IT (1 semester to a year) or complete the masters accounting or finance program here (1yr). Any advice is appreciated!!
Based on the most helpful WSO content, here's what you need to know:
Your GPA of 3.65-3.67 is solid and above many cutoffs for high finance roles, which is a good start. However, the lack of finance-related extracurriculars and internships might make it harder to stand out. Here's how you can improve your profile:
Leverage Your Internship: Highlight your data science internship in Buenos Aires. Emphasize any transferable skills like data analysis, problem-solving, or technical expertise (Python, VBA) that are relevant to finance roles.
Network Aggressively: Start reaching out to alumni from Penn State in finance roles. Networking is critical, especially since you lack traditional finance internships. Use LinkedIn, alumni databases, and Penn State career services to connect with people in the industry.
Consider Staying for the IT Minor/Master's in Accounting: If you can afford the time and cost, these options could help. The IT minor could make you more appealing for tech-heavy finance roles (e.g., quant, fintech, or data-driven roles). The master's in accounting could open doors to corporate finance, FP&A, or even Big 4 advisory roles, which can be a stepping stone to high finance.
Focus on Technical Skills: Your Python and VBA skills are valuable. Consider adding SQL, Tableau, or financial modeling to your toolkit. Certifications like the CFA Level 1 or SIE exam could also boost your profile.
Target Smaller Firms: Breaking into high finance directly might be tough without traditional internships, but boutique investment banks, smaller private equity firms, or corporate finance roles could be more accessible. These can serve as stepping stones to larger firms later.
Play to Your Strengths: Being a woman in finance can be an advantage, as many firms are actively working to improve diversity. Look into diversity-focused programs or initiatives at major banks and firms.
Don't Delay Too Long: While staying for an extra semester or year can help, don't lose momentum. If you decide to stay, make sure you use that time to secure a relevant internship or build a strong network.
Your GPA, work ethic (25+ hours while studying), and technical skills are strong foundations. With focused networking and strategic moves, you can position yourself well for high finance opportunities.
Sources: https://www.wallstreetoasis.com/forum/school/dilemma-quantitative-finance-vs-finance?customgpt=1, Career in Finance - Reality or Reach?, Career in Finance - Reality or Reach?, From weighing 280 pounds and a 2.5 GPA at a Non-Target, to 200 pounds and an Interview with McKinsey, Q&A: VP in Private Equity (Growth Equity + LBO)...Post-MBA...Formerly IB Analyst
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