Very unique non-target Situation
I just want to preface this by saying that I already have tried to find the answers to my question.
Essentially, the state I am in has this program called “Running start.” This program allows students to earn up to two years of college credit at a community college for free instead of doing your last 2 years of high school. This sounded great to a 16 year old me who figured I could save some time and two years of college tuition. Unfortunately, 16 year old me did not know enough about IB to realize that by doing this I would be essentially screwing my chances of recruitment. Fast forward to me now at 19, and I am a junior in college when all the other people from my class are freshman. I am also at a non-target state school because, surprise, the credits also only transferred within state. I unfortunately did not get any recruitment as I was also slightly naive about networking, so I currently only have offers from PWM for summer internships. My next logical decision was to try to get an MSF, something I still plan to do as I do have a 3.94 GPA and have been studying for the GMAT and it is looking like I can definitely get 710+ by August. Now my question is; How badly will my background screw me for getting into a top MSF program like Vandy? Also will a singular PWM internships be enough for the “work experience section”? I’m aware that these MSF programs don’t usually require prior work experience but I would assume they would still want me to have some level of finance internship experience. I am incredibly motivated and am willing to do whatever it takes to break into IB despite knowing the chances for somebody in my position. Any advice would be largely appreciated. I am also the secretary of my Finance Club and still trying to network my way into a PE or boutique IB internship for this summer, as I know that will be a top suggestion too.
I'm familiar with some similar programs.
I'm unclear on the benefits of an MSF, but wondering why you aren't thinking about an MBA. It sounds like you have an interesting background/story and the academic credentials to get you into a top program.
It will be hard to get something for this summer, but you can always recrecruit for FT. I would start thinking about that angle immediately and try to network your way into a bank or LMM PE shop. That is definitely doable, even if the current economy will make it harder. You are obviously smart and motivated and again, your story is not that of a bum, but someone who was actually disadvantaged by being highly motivated. I think banks will love your story as well.
Just my two cents, but I don't think your position is as bad as you think.
Thank you for your reply. I appreciate the kind words. I’m mainly not interested in an MBA as In order to get into an MBA program that will place for associate roles, I would need prior work experience, If i am not mistaken. My goal is to get into IB without going entry level corporate finance if possible.
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