Non-Target Major Advice
I got waitlisted at 4 Ivy+ schools and denied by the others. Nonetheless, I am thinking of committing to my safety non-target. I’ve heard that a major at a target school doesn’t matter, but not the same for a non-target, which is why I am asking this question. I was thinking of double-majoring in finance and philosophy. Is this “combo” sufficient if I want to try and break it to IB and eventually into PE or HFs? If I am missing something here, please feel free to correct me or guide me in another direction.
Can I PM you?
Yes.
Based on the most helpful WSO content, your double major in finance and philosophy can work, but there are a few key considerations to maximize your chances of breaking into IB and eventually PE or HFs from a non-target school:
Finance Major is a Strong Foundation: A finance major will provide you with the technical skills and knowledge needed for IB, such as understanding financial statements, valuation techniques, and corporate finance principles. This is essential for standing out in a competitive recruiting process.
Philosophy Adds a Unique Edge: Philosophy can help you develop critical thinking, problem-solving, and communication skills, which are highly valued in IB and PE. However, it’s important to ensure that your resume highlights how these skills translate into the finance world. For example, emphasize analytical reasoning and structured thinking.
Networking is Crucial: Coming from a non-target school, networking will be your most important tool. Start early by reaching out to alumni, attending industry events, and leveraging LinkedIn. Building relationships with professionals in IB, PE, and HFs can help you secure interviews and internships.
Internships and Experience: Aim to secure internships in finance-related roles as early as possible. Even if your first internship isn’t in IB, roles in wealth management, corporate finance, or accounting can help build your resume. By your junior year, you should aim for an IB internship to position yourself for full-time recruiting.
Technical Skills: Beyond your coursework, make sure you’re proficient in Excel, financial modeling, and valuation techniques. Consider taking additional courses or certifications (e.g., Wall Street Prep, WSO Financial Modeling Course) to strengthen your technical skills.
GPA and Extracurriculars: Maintain a strong GPA (ideally 3.7+), as this is often a key filter for recruiters. Additionally, get involved in finance-related clubs or organizations on campus to demonstrate your interest and leadership in the field.
Consider a Minor or Relevant Electives: If possible, consider adding a minor or electives in economics, accounting, or data analytics. These can complement your finance major and make you more versatile.
Prepare for Interviews: Start preparing for behavioral and technical interviews early. Use resources like the WSO IB Interview Guide to practice common questions and refine your answers.
While your double major is a good start, breaking into IB from a non-target school will require extra effort in networking, gaining relevant experience, and building technical skills. With the right strategy and persistence, it’s absolutely possible to achieve your goals.
Sources: UChicago or Brown for undergrad?, Is Harvard enough?, Do the humanities have value in today's banking world?, https://www.wallstreetoasis.com/forum/investment-banking/liberal-arts-vs-undergraduate-business?customgpt=1
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