Car salesman to IB?

I graduated from a semi-target school in 2020 with a 3.15 GPA (3.67 major GPA). I didn't have any offers when I graduated and spent the summer of 2020 applying to jobs with no luck. I took a job selling cars as a way to make some money while I was searching. Its now been two years and I'm still selling cars, and I hate it. I've applied to more jobs than I can count, and while I've gotten multiple super day invites, I have yet to lock down an offer. Originally, I was only looking at roles at BBs and other prestigious firms, but now I'll apply to just about anything. One thing that's really holding me back is my lack of relevant work experience on my resume. It's also becoming increasingly difficult to try to leverage my degree as I am now over 2 years out of college. 

I have considered going back to school for an MSF, but I am about to turn 24 and wouldn't be able to start an MSF until fall of 2023 which means I'll be 25 by the time I finish, and I don't really want to wait another year and a half to start my professional career. I have also considered taking the CFA exams but I don't know how useful that would be given my lack of experience. 

I'm feeling pretty lost at this point and I don't know what my next move is. I am trying to determine if I should just write-off the rest of this year and prepare for an MSF, or continue applying to jobs. One thing is for sure, I can't continue working as a car salesman. I hate it with a passion. I'd appreciate any guidance for my situation. Is an MSF the best move at this point? Even though I'm two years removed from college, could I network my way to an offer? Is there any way I could leverage my experience as a car salesman to potentially break into S&T? Or should I just keep firing out applications and hope that my luck changes? 

Any and all advice welcome. 

 

Have you thought of getting into an intermediary role like Big4, TAS before making the switch to IB?

F100 Finance roles could be opportune as well. 


I kind of feel that IB is more attainable this way as opposed to directly attempting IB.

Personally I would exit to a bigger automobile player (Manufacturer, car sharing start-up) just to create a story and exit to a decent top MBA, and then jump to IB
Thats just me. 

Good luck!

 

 

Hic velit rerum labore ullam blanditiis quam non. Culpa sit unde esse nisi sint consequatur. Iure molestias ipsam molestiae maxime architecto nam qui voluptatum. Qui aliquam voluptatem eos. Quas excepturi nulla laboriosam culpa eveniet voluptatem quis.

Dolorem neque est quisquam aperiam. Facere ut vitae aut recusandae cupiditate dolor pariatur. Ut iure et eos odit nihil repudiandae. Voluptas non in corporis qui.

Similique error ipsum vitae aliquam et et autem. Dolor quae totam nemo voluptates laborum sit.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
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...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

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