Sub 3.0 Gpa trying to break into IB for summer 2024

Hi as it is the midst of summer IB applications I was hoping for some more tailored advice. I go to one of the top non-target schools(finance major) and am seeking an investment banking internship for 2024 at a middle market or boutique firm. The only issue is due to poor performance last semester my cumulative gpa dropped below a 3.0. I do however have a 4.0 major gpa(one class), own a business, and have a consulting internship this summer in the financial services industry. I am on track to get my gpa to a 3.1-3.3 is it worth to send out applications with a sub 3 gpa or wait till I get it higher. I have been going to my schools careers fairs and networking with some banks that do recruit on campus. What should I do at this point?

Most Helpful

Hey OP, imho it’s better to wait until you have a higher GPA unless you are applying to a regional office or a smaller location. The ATS will keep your GPA so it’s better to start higher if you can and in your case, you would already have an internship under your belt. Good luck!

Thank you I appreciate the comment, however I am wondering if it will be too late meaning that most of the spots(in NYC) will be taken by the time my semester ends in May.

Been there. Don’t wait till next summer, push forward. You just have to try harder and reach out to boutique/small shops in your area. IMO even a little IB experience at a 5 person shop is better than none at all. Many times they don't ask for gpa, if they do…have a solid reason. Reach out to everyone, all you need is one yes.

Even a small shop internship will really help land better internship next summer.

Thank you for the comment, would you mind pming me or sharing firms similar to ones you were describing in NYC?

Voluptates fugit officia quis unde quis quia. Necessitatibus similique consectetur sit reiciendis dolorum. Autem nisi ipsa aspernatur et quia consectetur fuga dolores. Porro alias aut rerum atque corrupti et quia.

Qui magni enim magni fugit molestiae velit. Optio dolorum est perspiciatis explicabo voluptatibus nesciunt. Harum facilis consequatur repellat et sunt facere quisquam.

Career Advancement Opportunities

September 2023 Investment Banking

  • Lazard Freres (++) 99.6%
  • Lincoln International (==) 99.1%
  • Jefferies & Company 02 98.7%
  • William Blair 12 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

September 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 11 99.1%
  • Canaccord Genuity 18 98.7%
  • Jefferies & Company 07 98.2%
  • Stephens Inc 11 97.8%

Professional Growth Opportunities

September 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres 17 99.1%
  • Jefferies & Company 02 98.7%
  • Financial Technology Partners 06 98.2%
  • UBS AG 15 97.8%

Total Avg Compensation

September 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (33) $392
  • Associates (160) $261
  • 3rd+ Year Analyst (14) $187
  • 2nd Year Analyst (101) $169
  • 1st Year Analyst (309) $167
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (225) $94
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...”

From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”