Path to entry
I am new to WSO and wanted some different opinions on the paths to enter the IB world.
I am already behind most people in this as I have just graduated with a degree in economics from a non target school. My GPA was below average (2.8) but to my credit I was the only person in a class of 10k with 12 varsity letters (D1). I have been interested in finance/banking for a few years but I took training a little more serious then developing my career while I was in college. I am trying to break into the industry and realize this may take a while and am completely comfortable with that.
Long hours and hard work is something I am used to as I was doing 70-80 hour weeks minimum while I was in college (between practice, part-time job and class/HW). I am not afraid to get my feet wet and I really do not care how low on the proverbial totem pole I would have to start. I thought about applying for internships/SA positions but I am not even sure I could find out about/apply for these since I am no longer in school. I currently have a full time position that deals with financial reporting and market analysis but it is nothing too technical.
Does anyone have any advice as to how they would go about it if they were in/are in my shoes? I would greatly appreciate it.
go to B-school and try to get a summer associate gig... but you're going to need years of work experience to get into a good b-school
Try networking? It is impressive that you have 12 varsity letters D1, but at that same time that 2.8 is not going to get you past the initial screening stages when they have 3.6+ Ivies in the same stack.
Wait... 12 letters is a 3 sport varsity athlete for 4 years? I assume that is the case...I ask only bc i was a D1 varsity athlete for one sport and cant imagine playing 3 sports (esp. since D-1 sports generally overlap into other sports seasons)
Best of luck to you...my reco would also be to go the b-school route and sign on as an associate...there is no reason to join banking in this environment anyway
I played D1 is that even feasible under school / NCAA rules ?
Yes it is possible. Charlie Ward did it at Florida State...won the Heisman in Football, was a starting outfielder for their College World Series team, and the starting point guard for the basketball team. Could have went pro in all three and decided to play point for the Knicks. Wasn't a great pro but nonetheless impressive.
I myself played a sport in college and I can not begin to imagine how difficult it would have been to play 3. Although the 2.8 is pretty bad, I would just leave it off your resume, and get some work experience and try to jump into a small regional boutique for a year or so before b-school. I'm talking like a 5-10man shop in Charleston, SC or something for example bc that might be ur only hope pre-bschool. It gets a foot in the door. And by leaving the 2.8 off the resume, people will be more likely to interview and once you can get in, you then have the chance to tell your 3 sport story which will be impressive and possibly get them to overlook your poor academics if you convince them you are talented and work really hard.
I assume he ran at the varsity level, 3 completely different sports would be insane (either way it's impressive though). Anyway, from what I've read I'd say if networking doesn't work out then try your best to get a great GMAT score and excel at your job, then apply to b school in a few years. Good luck
mnabanker: Charlie Ward did not play college baseball....nice try
Yeah, if you run long distance you'd basically be required to compete in three sports - the coach would get mighty pissed if you decided to stop training for a season, so you're doing xc, indoor track, outdoor track = 3x4 = 12 letters.
From what you wrote you currently are not in a position to move in to banking, and certainly won't be able to get a summer position. If you gave more details on your current positioning, it could clear things up, but what others have said is your best bet - gain a few years of real work experience, ace the GMATs, b-school, summer associate, and you've got a good shot at making it.
Ward played baseball I thought because I remember he was drafted by Mil and then the Yankees drafted him in '94 when the Knicks also drafted him
Quickfeet - as JBS mentioned, I think your best bet will be to go to a top bschool and break in from there.
Yes I ran in college. It may not seem as amazing now, but I can assure you trying to compete at your highest level for 10 months out of the year without any off season has a lot of challenges. I had a chance to wrestle at school as well but cutting weight and running do not mix.
Thank you for all the comments, I know my hardest part is going to be actually getting past the initial screening, which I figured I would have to get past by an extreme amount of networking. I ask because my office is being shut down come August and I will have a year of work experience under my belt. Do you think that trying to get into PE or a boutique hedge fund would help me if those opportunities were to arise? I am very attracted to the buy-side and want to attack this with a wide broom so I can continue to gain experience with a relevant company.
I knew it would take a few years, which it would if I was a soph in college anyway. B-School was always a top priority and I am currently studying for the GMATs.
Thanks again for the input!
Getting into an FO role whether sell-side or buyside is going to be tough, but not impossible. Getting into a really small PE/HF shop could be a good move but you'll need to have really solid connections. If you start in a really small shop, you could have the opportunity to make quick progress, giving you good b-school positioning. If that doesn't work, you could always try starting a small company or work in something really esoteric. If you want to get into an M7 school, you're going to need a solid GMAT (710+) and a great story. I think you're 12 letters are a good start but I'm sure you realize you need to build on that. I doubt a whole lot of people at M7s come from BO backgrounds so keep that in mind.
Anyhow, best of luck!
Quia inventore minus enim laudantium et. Quis rerum quo voluptatem id cupiditate saepe doloremque. Provident ipsa facilis deserunt aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...