No Internships / Low GPA / Non - Target school / Only Day Trading experience / No future prospects?
Hi Everyone, I'll try and keep this short
So i'm graduating from a Non-target Australian university this year without any relevant job/internship experience. I am an international student and I had to put myself through school + send money for my mother and sisters so they can go to school, unsurprisingly money was my only focus so my grades are not the best.
Past year and a half i got into bitcoin and then into trading BTC perpetual contracts + commodities + forex, i'd consider myself a pretty decent trader with a relatively high success rate. Made 100K -ish last year and I should be on route to making that this year as well.
But the issue is during this time I didn't bother to make any in real life networks or apply for internships, get real world experience within a job etc.
I feel as if have no future prospects at the moment and I don't really believe I can keep day trading forever and will have to eventually have a legitimate career. I'm 22 at the moment so I think I still have time.
Pros: Hardworking, Potential, Great Trader Cons: Non target school, low GPA, no job/internship experience
Can anyone recommend some ways I can turn around all these odds stacked against me and break into IB. Or even a route or actions I can take now that can help me.
Thank you all,
Am Aussie
Will be blunt, good luck getting a job as a non-target + low grades + no experience. AND you're international, why would you focus on money when you can focus on grades which is more important, international students pay more $$ and your family expects to get money? Go to a local school then if finance is an issue..
Your best chance is to be humble and go for big 4 positions, you're not interested in IB only money. Audit/Advisory is a good bet. OR just continue with trading, you're earning 100k, why work for others !??!
Odds aren't really stacked against you. Just humble the fuck up and hustle for any positions available.
The thing is that I'm assuming you're not supported by Hecs. You're going to be paying a lot by doing masters just to get a shot at IB. It's not like the US where MBA helps. I recommend you to start networking ASAP. Join socieities, go to careers fairs, try to meet people and form some professional relationships somehow. If you're one year from graduating, apply for vacation programs. Many will be closed but you need to just cold call companies and get a position. You need to understand that a masters will be pretty much pointless, unless you're aiming for academia or financial mathematics but you need good grades anyways. If you're really good at trading, apply for prop trading positions because they're on a rolling basis. Some are dodgy, but if you need experience and someone to reference you then desperate times call for desperate measures.
IMO, you're mindlessly chasing Investment Banking without a proper avenue to do so. There are better things to focus on right now, so be more realistic with yourself and work harder. I'm sure you'll do fine if you start going out and building up connections.