Networking in Investment Banking

I hope everyone is having a great day!

I wanted to get some input on how strongly networking for Investment Banking will apply to my current situation. To give you some background information, I am a third year student studying finance and go to a top 5 Canadian school with lots of IB and other job opportunities. After my first year of school my GPA was a 1.9 because I wasn't interested in attending school that year. After that year, I decided that I want to work in high finance (IB) and have maintained a 3.7+ GPA since. My cumulative at the end of my third year will be around 3.1 which is far below the minimum grade required for IB (3.5 is the bare minimum I believe). How much will networking help me in trying to overcome the cumulative GPA barrier and hopefully land an IB internship in the summer of my fourth year when I apply with my 3.1 in November? How would I go about networking with other bankers in regards to my situation? Thank you for taking the time to read this and for your valuable input.

 

For what you "lack" in grades you can make up with networking and extracurricular activities. When I broke into investment banking abroad, I had built a cv with achievements other than high grades (I had the same GPA when I graduated) but it took me more time than my peers. Networking helps whether you have good grades or not. That's what I'm doing now to get a job in IB in NY. Hope this helps.

 

Thank you! How do you go about networking with regards to overcoming a low GPA when talking to a banker? Are extracurriculars not related directly to finance still useful?

 

Et earum distinctio sed ducimus. Quia corrupti eos molestias aut laborum odio ut natus. Expedita esse at temporibus est suscipit cupiditate sit et. Aliquid quo esse fugit. Sunt ut non repellendus consectetur quia et. Voluptas consequatur sed est. Consequuntur cupiditate repudiandae quasi natus facilis sint.

Neque debitis vero dolorum eaque perferendis modi. Et et qui eius ab earum. Aut optio rerum aperiam modi animi qui iusto.

Explicabo quibusdam facilis architecto inventore. Doloremque velit vel ut aspernatur quas temporibus. Eos dolor aut quaerat.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”