From a non target party school to IB

First off I want to say this may only work for certain individuals because I am extremely lucky. I originally came to the conclusion that I wanted to go into IB as a junior in college with no previous experience and didn't even know how to what a DCF was. I went out on a whim and joined the investment club to get a little experience with Financial statement analysis and Valuation. I then applied to our Universities SMIF (student managed index fund) to get more experience and didn't get selected for this program. I even applied to over 100 BB IB internships and got denied from all of them. Going into my senior year I had nothing. But I was determined to get somewhere. I applied to the SMIF program again and finally got in. That same semester I applied to around 75 BB IB or finance internships and ended up getting one in a line of business I didn't even enjoy because I got denied form all of the IB internships (not to mention I had to travel 2 hours to work every day). During this internship I was determined to meet everyone in IB possible. From the first week I was sending out hundreds of emails to analysts, MD's, and even executive directors. I spent was able to set up over 40 30 minute meetings with them. One of which was an MD in charge of the hiring new analyst and another was the CFO of Corporate Finance. (We literally talked about baking and now she loves me). At first she wouldn't even answer my email but I was persistent and didn't let that stray me away from my goal. Some of my meetings with the analyst went well and I left an impression and others didn't. I would even come into work on days not required just to meet some of these analyst. I eventually spoke to enough of them that they offered me the opportunity to interview for an analyst position. Simply because I showed people I wanted it, showed up early, used networking to my advantage, and was persistent. I simply was not even qualified to get that interview. I made sure to ask the analyst what questions to expect and studied for days non stop. Everyone I knew thought I was insane. I got to the interview and 3 out of 4 people interviewing me were people I knew and had great conversations with me so I thought it would be a breeze. Instead they hammered me with 12 back to back technical questions and thank god I studied because I wouldn't have known any of it. Needless to say I got a call while I was in the shower (literally the most inopportune time) from the recruiter offering my position. Moral of the story is if I can do it you can. If you are from a non target just work hard, put in the time to network, make impressions, and dont let a no stop you from achieving what you want.

5 Comments
 

Back office -> IB is my favorite success story. It gives me optimism that even in today's world, you can still just hustle hard and get an opportunity to at least prove yourself. Congrats bro.

And the shower call is just how it goes - God has a funny way of dulling the moments you hype yourself up for the most. If you really want it, it should still make you excited, even if the scene didn't play out how you pictured it.

 

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