flunking out with SA offer

hello all,

current junior in college - I've managed to land myself in quite the pickle - I am likely facing academic dismissal from my university at the end of this semester (failing all classes). meanwhile, I recently got an SA offer at an EB for summer 2022. Anyone have experience w anything similar to this situation? I will have to transfer/apply to a different school (not too worried about finding a place that will take me, lots of 4 year schools with 80-90%+ acceptance rates). However, this will almost certainly delay my graduation and I won't be able to start full time at the expected date, assuming I get a return offer this summer. Viable to push my potential full time start date back a year? How would I explain the transfer between universities combined with the delayed graduation when I send the bank official transcripts for background check process? help me please 

Comments (49)

  • Intern in HF - EquityHedge
Nov 30, 2021 - 11:05am

spent all my time this semester trading :( up big, but wasted tuition eats those gains and now idk what to do 

  • Prospect in IB-M&A
Nov 30, 2021 - 11:33am

Okay, I feel for you, but how could you possibly think that would end well? Even if you made a bunch of money trading, you still would have failed your classes. It's just surprising -- clearly, you're disciplined enough to prepare for an EB interview and get the offer, but what was your thinking/judgment in relation to you putting 100% of your efforts (and maybe money) into trading and 0% into your classes? You must have known that if you failed even one class you would have lost your offer. Sure this post isn't a troll? Cuz I'm just not sure how a rational college student thinks this way. If your post is true, you may have a gambling problem, and should probably seek help. 

Nov 30, 2021 - 11:09am
FinGod, what's your opinion? Comment below:

Most schools won't kick you out after one (very) bad semester. Will you not just be put on academic probation or have your case heard by a panel/board of directors? Plenty of people I know were able to get back on their feet at their university after failing their classes.

  • Intern in ER
Nov 30, 2021 - 5:22pm

There's a GPA check for FT conversion? Could you elaborate I haven't heard of something like that. I thought there's only background check for summer onboarding?

  • Prospect in IB-M&A
Nov 30, 2021 - 12:55pm

"Plenty of people you know?"  You have multiple people in your circle who are getting F's? I'm not judging, just surprised. 

Nov 30, 2021 - 11:48am
wkkfcman, what's your opinion? Comment below:

Lmao what? How does anyone even fail college unless they're doing some ludicrous major like a triple major in Physics/Chemical Engineering/Classics? (Single engineering/compsci is easy as fuck)

  • Prospect in RE - Comm
Nov 30, 2021 - 4:11pm

what kind of gains are we talking? 40%? 50%? 100%?

Nov 30, 2021 - 4:19pm
Dick Steele, what's your opinion? Comment below:

Is there not anything you can work out with your professors or the school? It really is an unfortunate situation to be in, sorry I can't be of more help.

Nov 30, 2021 - 4:29pm
johnny-mnemonic, what's your opinion? Comment below:

Not sure where you go, but you should still have options. I completely fucked up my GPA in winter quarter of my junior year and I'm still set to graduate this year.

Talk to your academic advisor immediately and see if you can withdraw / late drop the classes. Then switch into a major you are confident you can complete in time. Look for something either with enough overlap that you won't be far behind, or a major easy / short enough that you can accelerate the upper division requirements. Communication majors at my school graduate in three years and their first two years are GEs and pre-reqs.  

Once you change your major you need to laser focus on school. You grinded IB recruiting as an underclassman, so your work ethic is present - you just need to tap into it. Do whatever is necessary to turn in every assignment and take every exam. Best of luck. Don't wallow in this fuck-up, just move forward. 

Most Helpful
  • Analyst 3+ in RE - Comm
Nov 30, 2021 - 4:33pm

I might get MS for this, but the kid didn't do anything wrong, he just messed up and needs help getting back on the horse. I'm not proud to admit that I schemed my way through high school and college. Whether it was cheating, smooth talking teachers/students to my benefit, stealing tests, bribing professors, etc. I studied and got good grades, but there were times when I dropped the ball (like completely disregarding a research paper or not studying for a tough final) and required me to think of a solution. I say all this, because it sounds like you need to do this. You're already accepting that you need to transfer, but in my opinion that is just giving up and will affect your career. Yes, it's late in the semester and likely past the point where you can 'withdraw with excuse' from your classes, as universities call it. There is usually some sort of exception to this rule though. At my university, you could get around that rule with a dean's approval. My advice would be to concoct an elaborate story - it needs to be well thought out. In this situation, you may even need to get your parents involved and come clean once you have a plan in place. Figure out who would need to approve your medical withdrawal, likely a dean, and then plan out what you'll do. You're only real option is something mental. Go to a psychiatrist or something and tell them everything they'd want to hear to diagnose you as basically having a drawn out mental breakdown and prescribe you medicine/give you proof of this. Obviously don't take the meds. Then go to a Dean and explain what has happened. I had to do something like this and it required me to write a one page explanation to even get the meeting with the Dean. In today's environment, it should be pretty easy to convince them. Cry 'millennial' to them and say how you've been struggling mentally, maybe even refer to this trading problem you have, but don't say you've done well or you'll lose the sympathy card. Explain that you have this SA job lined up and it will set you up for success, but the spot you're in now could lead to losing that job, transferring to a lesser school, etc. Basically beg them to help give you a second chance and let you withdraw from those classes. Include proof from psychiatrist and even a letter from parents. I'd also make sure you use these trading profits to pay for the classes you flunked, if you're not already doing so.

  • Research Analyst in HF - Other
Nov 30, 2021 - 9:01pm

Don't you dare drag millennials into this shit. This kid is the generation after. Whatever the fuck that is. Us millennials have gotten our shit together. This situation is downright preposterous and hilarious if true. I was a lazy ass kid in college but even I showed up for the damn midterms. Really hard to find sympathy for this kid. It'll work out one way or another but failing ALL your classes is a choice not an outcome. Let's be honest, college isn't that hard if you literally just show up to the tests.

  • Analyst 3+ in RE - Comm
Nov 30, 2021 - 9:34pm

I put millennials in quotes because the term tends to get thrown around loosely, and some boomer Dean probably doesn't differentiate between Gen Z and millennials. Regardless, I agree, that failing all your classes is quite the feat.. but I figured I'd offer up a potential solution. And speaking from experience, the solution I suggested will not be an easy thing for him to pull off. We've all made poor choices before, and I sure as shit have knowingly gone down a bad road before in life, only to turn around and realize how far gone I really was. 

  • Director in CorpStrat
Nov 30, 2021 - 9:17pm

bro just start talking abt NFTs and crypto, they'll think ur autistic and keep you for sympathy/diversity

  • Intern in IB - Cov
Nov 30, 2021 - 11:28pm

Clearly you have some mental health things that need to get sorted out. Most likely anxiety and depression which are serious medical conditions that can interfere with your ability to perform in school just as much as any other handicap. In light of that, I would recommend seeing a professional ASAP. Also, make sure your college is well aware of these mental health issues, that you have consulted with a professional, and have documentation. Saved my ass once, might save yours.

  • Associate 3 in IB-M&A
Dec 1, 2021 - 12:59pm

Completely agree here. You should see someone ASAP and try to get a medical waiver for this semester. Chances are you won't be able to erase this from your GPA, but a good student suddenly failing classes is a pretty easy bet something is up, and you'll absolutely be able to stay at your current school with a medical note.

Assuming the above works out, then go and meet with your advisor and come up with a plan to graduate on time. Are there BS credits you need that you can take online and transfer in? Does your school offer May or January terms, or will they transfer credits in from a school that does? Between online, May/Jan terms, and taking a heavier load senior year, one semester isn't that much to make up and you should be able to graduate on time.

The GPA issue would depend on what it is when you graduate. EBs are stricter, but one terrible semester won't tank your GPA to the firing level if you are otherwise a strong student. And you should do everything you can to even somewhat salvage your classes this semester - talk to the professors, have the medical note with you. But a D or C- is way better for your GPA than an F and one less credit you have to take again.

Dec 1, 2021 - 6:42pm
IncomingIBDreject, what's your opinion? Comment below:

ou should see someone ASAP and try to get a medical waiver for this semester.

As someone who got a medical waiver once (for legitimate reasons) it's not a trivial process like some people are making it out to be here. You need the documentation from your doctor regarding the issue, what sort of accommodations you'll need, and how long those accommodations will last,  and then typically you will need to register with the disability center at your school (even for temporary issues like surgeries), and first create an appointment to talk to one of the counselors/advisors they have. Once you do that, you go in for a 30min- 1hr process, detailing what issues you are facing, why you are facing them now, and after that the disability center will approve your accommodations. After this process, you'll need to explain to your professors what is going on and send them the accommodations. Medical withdrawals without tuition penalty are a possible accommodation (and one that I was granted), but you need to have an actual medical surgery that is taking place, or an extremely compelling event that has JUST occurred that has led significant enough trauma for you to get this.  They don't just hand out medical withdrawals to anyone, even people who have other accommodations being offered. I honestly think the guy above who said he cried to the dean to get it through is either being dishonest or had familial connections to make it happen, because that is not at all the normal process. 

TLDR. For OP to get a medical withdrawal accommodation he has to show a recent extremely traumatic event that has led to his mental issues, with the documentation from a psychologist to back it up. 

Array

  • 2
Dec 2, 2021 - 1:16am
Ironuts, what's your opinion? Comment below:

Have you considered becoming dyslexic? Ask for a dyslexia test, fail, and there's virtually no chance you'll be kicked out, plus undiagnosed dyslexia is an alright excuse for the extra year at college. 

Dec 2, 2021 - 6:18am
iridescent007, what's your opinion? Comment below:

You are either a troll or your experience speaks about the absurdity of IB recruiting.

Persistency is Key
Dec 2, 2021 - 10:42am
btierpleb, what's your opinion? Comment below:

So from I've seen I think you may not be as far-gone as you think. The fact that you got a SA from an EB could possibly leveraged. I'm not sure how well regarded your school is (if 5 other kids you know also have EB offers) but you breaking in reflects well on the school. I may get MS for this excuse but be SOMEWHAT honest. "I spent all my time preparding for this interview and it paid off blah blah blah, I also let my personal finance trading habits get the best of me blah blah" Show remorse. You fucked up. You're aware and understand the situation and are prepared to buckle down and get it together. As I said its not like you wasted all your time and missed your midterms for a Minecraft tourny, you broke into arguably one of the hardest industries and better companies in that industry. That would reflect well for the school. Talk to professors, advisors, dean, whatever you need to. Start with expaining the situation and expressing remorse as I said, go into how you plan to have better time management and focus on classes and coursework, and wrap it all with a bow saying how this was a hard but necessary learning experience. You broke into EB so you must have at least half decent BS skills so use sparingly. Its not the end of the world, and it'll make one hell of a personal growth story. Best of luck, godspeed. 

Dec 2, 2021 - 11:05am
jm28, what's your opinion? Comment below:

You need to have a meeting with the dean / your academic advisor and negotiate terms on staying enrolled (e.g. maintain a 3.5 or better, provide tutoring to freshman who are on academic probation, etc..). This can be done and absolutely the path of least resistance vs transferring to a lower-caliber school and having that be your new brand in perpetuity. You should grovel and be very apologetic and just go on there hat-in-hand begging for forgiveness. I've seen it work before. This might not apply if you're at a school with 50k students and this process is more institutionalized. 

Schools do not like when you flunk out because it impacts graduation rate and impacts rankings. They WANT you to stay. You have zero leverage here but I'm just telling you this so you know why they may be open to hearing you out.

Good luck man

JM28
  • 1
Dec 2, 2021 - 11:07am
jm28, what's your opinion? Comment below:

And incorporate what @chrisd said above. You can point to your over-commitment to landing your dream job as a reason why you lost sight of schoolwork, which will not happen again. Or you can just say you had a terrible undiagnosed depression/anxiety issue that you're now working on. It wouldn't be taking the high-road but it could be the most effective depending on the climate at your school. 

JM28
Dec 2, 2021 - 11:08am
jm28, what's your opinion? Comment below:

DO NOT even mention the day trading thing

JM28
Dec 2, 2021 - 11:11am
Toll Ride, what's your opinion? Comment below:

I'm not sure how it is at your school, but, IF you are able to not get kicked out, you should be able to retake the classes you failed and your new grade would replace your Fs on your transcript/GPA. This would likely require another semester, but, in the grand scheme of things, that isn't even that big of a deal.

Dec 6, 2021 - 11:29am
Cavour23, what's your opinion? Comment below:

Agree with the above posts.  Begin a plan to stay at your current university with withdraw/leave/accomodation requests etc.  I don't see how going to a new university would solve the grades and then you would have to explain (continuously in your career) why you switched schools.  Plus you already know the people at your current university so hopefully you can work with them.  Still try to do the internship.  This must have happened over several months so I would suggest setting aside time for coaching/mentorship/someone you can talk, so you can manage any situations more optimally in the future.  This is fixable.  Good luck.

Dec 26, 2021 - 7:08pm
nlhe_fish, what's your opinion? Comment below:

Just need to crush the internship. If you do, they will be flexible

  • Analyst 1 in IB-M&A
Jan 15, 2022 - 4:06pm

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  • Intern in HF - EquityHedge
Feb 18, 2022 - 6:07pm

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