Deciding what career to choose

I’m currently in my 3rd year in college majoring in math. I’m 90% done with my core content in math. Took some finance classes and got a minor in CS. Thinking about going into IB or quant, any skills or advice I should know before applying for an internship?

What are the must have skills for IB or quant? Where to apply for internship? It seems like I have no chance since I’m not from an Ivy school.

I don’t even know what to do with my degree at this point. I’m so lost, but I love finance and stocks

3 Comments
 

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

Must-Have Skills for Investment Banking (IB)

  1. Technical Skills:

    • Accounting
    • Valuation
    • Financial Modeling
    • Proficiency with Word, Excel, and PowerPoint
  2. Soft Skills:

    • Discipline & Work Ethic
    • Attention to Detail & Consistency
    • Prioritization & Efficiency
    • Dependability
    • Ability to Get Along with Others / Friendliness
    • Endurance and Commitment
  3. Other Important Traits:

    • Enthusiasm
    • Grit
    • Commercialism

Must-Have Skills for Quantitative Trading (Quant)

  1. Quantitative Skills:

    • Strong Mathematical Foundation
    • Statistical Analysis
    • Programming Skills (Python, R, C++)
  2. Technical Skills:

    • Financial Modeling
    • Data Analysis
  3. Soft Skills:

    • Attention to Detail
    • Team Player
    • Ability to Look at the Big Picture

Where to Apply for Internships

  • Investment Banks: Look for opportunities at firms like Jefferies & Company, Lincoln International, Lazard Freres, William Blair, and Financial Technology Partners.
  • Networking: Utilize platforms like LinkedIn and WSO to connect with professionals in the industry.
  • Career Services: Leverage your college's career services for internship placements and networking events.

Overcoming Non-Ivy Background

  • Leverage Your Strengths: Highlight your strong math background, finance classes, and CS minor.
  • Network Aggressively: Attend industry events, join finance clubs, and connect with alumni.
  • Tailor Your Applications: Customize your resume and cover letter to emphasize relevant skills and experiences.

Additional Resources

  • WSO Investment Banking Interview Course: Designed by professionals to help you prepare for interviews.
  • WSO Financial Modeling Course: To enhance your technical skills in Excel and financial modeling.

Final Thoughts

Given your passion for finance and stocks, both IB and quant roles could be a good fit. Focus on building the necessary skills, networking, and leveraging available resources to increase your chances of landing an internship.

If you need more detailed guidance, consider exploring the WSO forums and resources for further insights.

Sources: Top 3 Skills Needed for Investment Banking, Skills needed for a quantitative trader?, Most sought-after skills for Quantitative research position, Q&A on Investment Banking Required Skillsets, CFA Prep, and Financial Modeling, https://www.wallstreetoasis.com/forum/investment-banking/public-finance-qa?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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