PLEASE HELP ME?

I am a rising junior (sophomore right now) at the University of Michigan majoring in Industrial and Operations Engineering. I used to think I'd want to work in IT but I am getting sick of it (part time jobs, internships). Under no circumstances would I ever want to work as a line engineer and endure such mundane life. I am thinking about ibanking or consulting.

I currently have a 3.4 GPA and expect it to increase to around 3.5 by the end of this year. Obviously I dont have much finance experience. The only one I had was right out of high school where I worked at an overseas holding company ($400mil market cap) as a trainee investment analyst doing some simple researches.

Freshman year summer I worked as network administrator at a small company in town.

This summer I have an internship lined up at Progressive insurance as IT operations analyst.

I have decent extracurriculars. I am in an options trading group and I also run my startup company.

Here comes my questions:

  1. Would I have any chance based on my current stats and lack of experience? I know I'd probably not even sniff an interview at a BB,would I have a chance at middle market or boutiques?

  2. Should I abandon ship on my summer internship and start cold calling boutiques or try to get even an unpaid internship in an area related?

6 Comments
 

You have a chance, depending on how legit your startup experience is, and how well you can sell it. I'd aim for MM and boutiques - BB is ridiculously competitive right now, if they're hiring at all.

  • Capt K
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Best Response

Quos delectus facilis deserunt. Eos est tempore debitis. Enim cumque et veritatis est rem eos. Quia totam et architecto atque quis corrupti.

Voluptatem aperiam a pariatur aliquam qui. Aperiam veniam et sint neque. Et aspernatur impedit magni corrupti. Est blanditiis odit aliquid et. Aliquam ad doloremque fugiat id voluptatem esse.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”