25 Comments
 

Is that really true for non-targets too? It seems like, the kids who get internships at my school are mainly focused on their networks. They still maintain a decent GPA (3.5-3.9) but they only ever talk about networks.

 

Yeah I agree with this, I went through SA recruiting from a semi/non-target.

Had really strong networking that got me into a lot of interviews, but also also had a 4.0 and got interviews at top EBs where I hadn't spoken to a single person ever.

I'd probably stretch the 4.0 with no network to better than a 3.3 or 3.4 with network under a lot of circumstances, depending on school and assuming the rest of the resume is compelling of course.

 
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I can only answer based on myself- My bank tend to care a lot on our GPA and SAT scores. But what scores really do is make networking a lot easier - the chance of me answering your e-mail or meeting for coffee is just higher if you have a high gpa and/or go to a target school. The less of a target, the higher your GPA needs to be for me to see you as a potential candidate and therefore spend the time to network with you. I don’t have a formula but from a target I don’t think anything above 3.7 matters, from a no name I would probably like to see close to 4.0. That being said I have dinged plenty of targets above 3.7 because they don’t have their technicals under control. I know very few Ivy’s have business schools and they rarely take finance early enough for recruiting if they do - but that is a handicap targets needs to breach. Regarding extracurriculars - i just want to see an interest in finance, you don’t need to be in every club but some prior interest is important. I would rather see a 3.8 with one finance club or similar thing than a 3.6 with every experience known to man. Above 3.8 I start looking more at extracurriculars rather than gpa especially if you are at a target/semi target school.

 

I assume your comment was sarcastic- but will answer anyways. Anything that we think would make you fun to be around and have a chance of making you stand out. Professional pony prancing would certainly make you stand out. You see a lot of resumes that look more or less the same - I bet the professional pony prancer would get some comments in the office which would mean we would remember him/her.

 
"Definetlynotabanker" I’ve been recently arguing with my dad about which is more important, network or GPA. I have a decent GPA but he is beginning to worry since I have a lot extracurriculars.

What would you guys say?

Neither is really that important. Most important is interviewing skills, technical studying (for said interviews), and skills learned on the job.

 

Can´t say. Over here, banks have formally very high hurdles (starting at ~3.8 GPA equiv.), but informally the side door is pretty open, I guess. And as with you guys, target schools are always a big plus, schools like FS, WHU, Cologne, Mannheim, Goethe and so on. Further down in the career, in PE or DAX Corporate, it´s more of a question how you "paid your dues", i.e. where you got your start and how well you did there.

 

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