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Career Resources
It depends on your school, who you know there, and what group you're applying to.
Thanks for the response, PM'd!
Depends on group really. Some groups like RX M&A is more selective than others like DCM/ECM or Private Funds Group.
What would you say is the GPA cutoff for RX and M&A for HYP college? Also, do you happen to work there?
I interviewed with them and know friends who did and their GPA. Mostly around 3.8 for RX and M&A, and 3.6 for capital market (Park Hill, ECM DCM in Evr), but they all have relevant experience prior summer. The median GPA at my school is around 3.4 to 3.5.
Have friends who recruited for both of these firms (I’m at a target school for reference). Most had 3.65+ gpa ( so rounded 3.7+ ), but I know one guy who got in with a 3.5 because he networked well / has solid connections.
I go to a target as well. How would you recommend me to network? Just phone calls, or should I try for an office visit after spring break? Does that help? Or would they think it's too extra?
Email alumni currently working at the firm and ask if you can set up an informational call.
Will be at one of these firms this summer. Non-Target, 3.5 Cumulative, early networking, solid connections, M&A. Its possible, but need to get on their radar early and connect well with the group on a personal level
Wow, congrats, that's amazing! Are you a hardcore technical Finance / Business major? I hear they want strong accounting skills, which I don't have yet... Also, do you mind PMing me about which firm you are going to exactly? I will be visiting the offices of one of the banks this Friday, and would really really appreciate any advice on what to do to leave a great impression and connect with the team. Thank you!!
Is now too late? I just started networking a couple of weeks ago, and I'm not sure if it's possible or worth it to apply to EBs.
no it is not too late get started now
Both firms are very selective so having a high GPA is not going to get you an interview. I would suggest having as high of a GPA as you can obviously but you should be focusing on networking to get interviews with these places.
Any advice on what to do when I visit one of the firms this Friday? I've never been to an informal office visit, and an alum invited me after I emailed him and mentioned I will be in NYC on Friday. I'm super excited, but idk what exactly to expect, how to make a good impression, etc.?
First off, this is a great opportunity for you to stand out from the rest of the candidates as the office will be able to match a face to the resume when deciding on interview slots.
Go for quality not quantity when you're visiting, but at the same time, try to introduce yourself in a respectable manner to as many of the analysts and other people at the firm as you can, ask for their business cards (after a good conversation), and then follow-up with them asking if you could learn more about the firm, their experience, etc. Since you met them in person, there is more of a chance that they will accept your request. Have a great conversation with them and ultimately, this office visit should help you get an interview at the firm.
Also, I feel so self-conscious when I try to network with alums at EB's and they ask for resume -- I feel like they expect me to have at least 3.7-3.8 GPA to even talk to me...
It's a catch 22 -- I need to network, because my GPA is not ideal, but I'm also afraid of networking because my GPA is not ideal haha
I shouldn't worry about this when networking right?
Entrepreneur Hero @Liverpool8"
If your GPA isn't ideal and you don't network, then you have a much lower chance of getting an interview than if your GPA isn't ideal and you do network.
If you network and the analysts like you, then they will be able to look past your less than ideal GPA and vouch for you to get an interview.
Makes sense. Any advice on how to prep and what I should expect from an office visit?
Hey man, I feel you. You just have to shoot your shot. Some people will ignore you because of your GPA, and I understand how that just hurts. I've had my fair share of networking mishaps. You just need to keep going. Not so sound cliche, but I've really found that 80% of my progress has come from 20% of the people I network with, with the other 80% of people having minimal impact.
At my target it was probably around a 3.7/3.8 GPA cutoff, though if you network hard you can get an interview regardless. I would really suggest being strong in technicals. From my experience, PJT RX in particular will grill you hard
Hi thank you for the response, can you share a bit about how your interview went and what q's did you have? I read somewhere that they ask you to do a paper LBO, but that was for the Advisory group. Any particular topics you think I should review and any speed exercises (like types of models, etc.) I should know how to do?
For the PJT restructuring interview, you really need to know how the in-court restructuring process works and how it may affect the company and different classes of debtholders. There were also questions meant to test your knowledge of bonds and capital structure. Definitely a very technical interview.
My school is not a target for PJT but it is for most BBs, I got an RSSG superday with a 3.6, but I knew people at the firm. The first round PJT RSSG interview was all technical, a multi step restructuring case with mental math. The superday was half technical half behavioral, but the technicals were hard (LBO case, bond mental math, how different situations affect common valuation ratios, details about the bankruptcy process).
How did you prepare for the technicals? Is reading Moyer enough?
For EVR RX, super hard technicals (harder than PJT), and GPA > 3.80
just my .02 - starting at EVR/PJT and did NOT have these grades. Nor come from a target.
Could you provide more color, either here or in PM? E.g. what group, hiring process (OCR?), grades, background, etc. – asking because I'm in process at one of these places and have a pretty non-traditional background. Thanks
I also had a super with the firm; I did come from a target but my GPA was not this high. Didn't network either.
3.99 hard cutoff. 3.995 for non-targets
I had a superday with evercore M&A, 3.7 non-target
Diverse?
Nope. Non-diversity, and international
Hey could you PM me? Also international and am interested knowing more about the superday process
Out of PMs. Sorry
Had a 2.45 (rounded 2.5 gpa) when I applied to Evercore RX. Was able to get an interview and eventually got an offer, full time. I'm a non-target. Had no special connections I know this sounds extremely rare or even impossible but I was very dedicated and acted like my life depended on it. What I did was to randomly show up at a superday one day. They wouldn't let me through but I was able to convince them that if they gave me just 10 minutes of their time, I would convince them to hire me, if not, I'll walk away and never contact them again. They gave me 10 minutes and I was able to impress them. In fact, I impressed them so much that they decided that I should start out as an MD instead. All this would never have happened if I was not willing to let myself become vulnerable and put myself in tough situations.
Have a 3.96, offer from EVR
what office?
NY
3.8/4.0 GPA at a target, incoming first-year at PJT/EVR
4.0 GPA, incoming applicant at PJT/EVR
"Incoming applicant" ?
Best advice I ever got - “if you think your GPA isn’t good enough I assume you’re right. The people who aren’t proud of their grades are the ones that could have worked harder.”
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