Q&A: BB IBD Associate, HS GPA< 2.0, UG GPA < 2.5

I am entering a Bulge Bracket this summer as an IBD Associate My HS GPA was under 2.0 My Undergraduate GPA (top liberal arts school) was under 2.5 GMAT was well under 700 Attended a top 20 MBA Program

28 Comments
 

1) What did you do between undergrad and your MBA, to the extent that you can talk about it? 2) How did you switch from that into banking? 3) Is banking something you want to do for the long term or is it just something to try out for the summer? 4) How did you handle the GPA question when it came in interviews?

 

Society says I should not be proud, I suppose. If you are asking whether or not I am proud- that gets more complicated. My past has made me who I am. Either way, how I feel about my background isn't that relevant.

 

Offer was for what I consider a lower tier BB. I got to the final round with several top BBs, but could not close. I also got a few MM offers. My GPA did not hold me back. The folks that got the offers over me were simply better, it was not that they had a higher GPA or GMAT. In particular they were better prepared for the technicals. Most were in finance prior and they simply were better. I think recruiting teams are often risk averse when selecting folks. A guy that worked in the government and has no banking experience is more of a risk (in the short term) than a guy that has been in finance for the last few years.

I was amazed, however, how quickly I could close the knowledge gap after only a few months.

 

It's post like this that make me understand why analysts on this site hate associates

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

I'd disagree here, as much as I hate GPA as an indicator of intelligence(or even hard word) you're basically saying "I did shitty in high school... but had money/connections to go to PG and then a top LAC. Then I did shitty in college because I didn't feel like trying, then I got a mediocre job and worked there for a while until I decided to get an MBA to make money. Again connections helped and now I'm an associate". Compared to some of the kids that grind it out for the analyst jobs, I would disagree that people can just follow your path or that you took a high risk approach. You lazed into an associate job...congrats.

Clearly you've done some hard work, but that has largely been supplemented by your privilege.

 

talk to us about how you approached your MBA application essays did you focus entirely on this niche government role you were in? also, i wasn't aware that networking at a business school was effective

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I focused heavily on my experience - specifically the leadership roles I held. The GPA needed to be addressed and I did so in the optional essay. I basically said the truth- I was not focused on excellence in all areas, only those was interested in. Then demonstrated how that has changed over the past 4-6 years.

I hired an admissions consultant to help me through the process, but I am not convinced they are worth the money.

Networking is useful at some schools more than others. Often students and clubs (Black Business, Veterans, Womens, Latin American, etc) can play a big role in the admissions process. At my school we can express our opinion of candidates to the admissions team. Some clubs have admissions liaisons.

For me, interacting with students and professors was crucial to being accepted. I would say the smaller the school, the more important this becomes.

 

Shun the haters, props to you. I love reading these stories.

Tell me more about your networking process as I am just beginning it myself. I'm starting with LinkedIn solicitation for lack of a better sentence.

I feel like I should join a fancy finance group as well. Not sure if that's a waste of money or time, but as I see it, I have nothing to lose. Only offers to receive.

ChicagoCT

 

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