What are my odds breaking into IB?

Based on the most helpful WSO content, here are some insights and advice for your situation:

1. Current Situation:

   • University: Go8 university in Australia.
   • WAM: Around 75.
   • Internships: None for the summer.
   • Extracurriculars (ECs): Minimal, with only the WSO modeling course and some non-finance related activities.
   • Relevant Work Experience: None.

2. Challenges:

   • Late Start: Just starting to understand IB and how to break in.
   • Lack of Internships: No summer internships, which are crucial for IB roles.
   • Minimal ECs: Limited participation in finance-related extracurriculars.

3. Potential Strategies:

   • Extend Degree: Extending your degree to four years could provide additional time to:
     • Improve your grades.
     • Gain relevant internships.
     • Increase participation in finance-related clubs and case competitions.
   • Networking: Start networking aggressively. Reach out to alumni, attend finance-related events, and connect with professionals in the industry.
   • Internships: Apply for off-cycle internships or part-time roles during the academic year to gain relevant experience.
   • Extracurriculars: Join finance clubs, participate in case competitions, and take on leadership roles to build your resume.

4. Realistic Odds:

   • Improvement: By extending your degree and focusing on the strategies mentioned, you can significantly improve your chances.
   • Persistence: Breaking into IB is challenging, but dedication and strategic planning can make a difference.
   • Alternative Paths: Consider roles in related fields such as corporate finance, consulting, or asset management as stepping stones.

5. Advice from WSO Threads:

   • Networking: Many successful IB professionals emphasize the importance of networking and leveraging connections.
   • Persistence: Even with a non-traditional background, persistence and continuous improvement can lead to success.
   • Skill Development: Focus on developing technical skills through courses and practical experience.

In summary, while your current situation presents challenges, extending your degree and focusing on improving your grades, gaining relevant experience, and networking can enhance your chances of breaking into investment banking.

Sources: Why can't I break into Investment Banking? Failed all my interviews!, What's the failure rate for aspiring investment bankers?, Do I have a chance to make it in IB?, https://www.wallstreetoasis.com/forum/investment-banking/do-i-stand-a-chance-in-investment-banking?customgpt=1, So you want to work at an investment bank...