What ELSE can I do? I need HELP FAST
So naturally I want to put myself in the best possible position for landing these competitive summer BB internships next year available for juniors. I'm currently a sophomore.
So, it looks like all the programs currently available from the BBs for sophomores such as the JP Morgan Honors Program, Lehman Vision Program and perhaps even Citigroup's Sophomore Rotational Program are extremely selective and geared towards minorities.
I got an interview at JPM for the Honors Program but haven't gotten a call back and its been a few weeks already. So that is a likely no.
What other opportunities are there. I applied to a shit load of MMs such as Gleacher, Rothschild, Thomas Weisel, Nomura, Duff & Phelps, Dresdner and PJ Solomon.
I have received zero, absolutely nothing. I got one email saying that one of the MMs does not offer a summer internship program. Other than than haven't heard a thing from any of the MMs not even a yes or no.
I want to see what else can I possibly do. I have contacts at various BBs that will be able to land me interviews for positions next summer, but I need something this summer to put myself in a solid position for getting offers next summer.
I don't know why I haven't gotten any responses. I'm a sophomore and have a 3.9 GPA from the University of Miami in Florida. It isn't a target, but it isn't some terrible state school either. Decent business school and we do have some BBs such as UBS and JP Morgan coming to recruit.
I've applied to a bunch of Fortune 500 companies also and haven't gotten anything back for finance related or even other positions.
I need some tips here FAST
go back in time and go to an ivy league school
First off, don't panic you have 2 more years left, do something a bit different and when junior year comes they'll look at you more (just make sure what you do is meaningful, like volunteering or starting a business). Also, look at Raymond James.
apply to fortune 500s and lie about your graduation date. be knowledgeable in finance and they will never know.
U Miami isn't remotely on the recruitment horizon. Look at some other schools in which if you have that GPA you will get snapped up. There may be some asset managment companies in florida that can help you get a leg up....my friend worked down there for 15 weeks one summer as a soph and now has offers to Goldman and Merril etc...
markjelley at what company did your friend work?
See if there is a SIFE team at the University of Miami (www.sife.org). And if there is, do everything and anything you can to make the most of your time on the team. A real SIFE experience combines running your own business (some SIFE teams are set up as limited non-profit companies with multi-million dollar annual budgets) and volunteering (everything SIFE teams do have the end goal of making a difference in the community).
Go for it! And work hard!
I checked SIFE and it doesn't exist at my school. I'm thinking of doing something that will make me stand out and I think given that I'm a sophomore it doesn't necessarily have to be in a financial way. What other activities or internships could I pursue to stand out from the crowd?
Just so you know, Gleacher and PJ Solomon are very selective, especially Gleacher. People choose Gleacher over bulge bracket banks. Rothschild is selective to a lesser extent, but still somewhat selective. I wouldn't refer to these as MMs, although they do dip into the middle market somewhat.
I would echo the advice on transferring. I know UMiami isn't a bad school, but it's nowhere near an ivy or a top school like Duke/MIT/Stanford. If you want to do banking from a school like UMiami, you really need to be well-connected or a minority. Basically, there is no incentive for banks to interview/hire you because they can find another white guy with a good GPA from a better school that they already recruit at. I know it sucks, because you have the GPA, but it's just so difficult if you're not from an ivy/top school or well-connected or a minority. And even though you have a great GPA, banks know it's a lot easier to get a 3.9 at UMiami than it is to get a 3.5 at an ivy, even a grade-inflated one.
Since you have a solid GPA, you seem to be in a good position to transfer. I'm guessing the reason you're at UMiami in the first place is your SAT score. Why don't you study hard and retake it before you apply to transfer. If you could do well on the SAT, I see no reason why you wouldn't be able to at least transfer to a good private school that gets BB attention like Northwestern, UChicago, Duke. Just try and transfer anywhere else that's top 20 - go for Emory, Vanderbilt, Tufts, etc. You really need to get out of UMiami.
Go to a target 25 school. I was in your shoes, but I was at an F500 in Business Development. People who attempt to save a buck by going to a state school lose out on everything - the most important being intelligent people around you.
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