FT Recruiting with Bad Experience
class of 26 at a good canadian school (ivey/queens). my GPA is pretty mid so im kind of limited in terms of recruiting for Canadian banks/pe firms. I am working a no-name internship this summer, and have prior experience at a no-name boutique. Obviously, this puts me at a severe disadvantage for ft recruiting, so im just looking for advice - should i even bother with networking at MMs/EBs/BBs to try to get into a process? Should I try to secure a SA26 position at a somewhat reputable pe or ge shop (hard cause of mid gpa, especially in canada), then extend my graduation by a semester (december 26), then try my best to secure a return offer while recruiting ft next year? thanks in adv
Based on the most helpful WSO content, here's what you need to know:
FT Recruiting with Current Profile: Given your mid GPA and no-name internship experience, breaking into MMs, EBs, or BBs for FT recruiting will be extremely challenging. FT recruiting is notoriously competitive, with limited spots often filled by returning summer analysts. Networking extensively is still worth a shot, but your chances will be slim unless you can present a compelling story or have strong referrals.
Alternative Strategy - SA26 and Graduation Extension: Your idea of securing a Summer Analyst (SA26) position at a reputable PE or GE shop and extending your graduation to December 2026 is a solid plan. This approach allows you to:
Targeting Regional Boutiques: While working on the above, focus on networking with regional boutiques or smaller firms in Canada. Firms like GMP, Cormark, Origin Merchant Partners, and M Partners are more likely to consider candidates with your background. These firms can serve as a stepping stone to larger opportunities later.
Networking Tips:
Backup Plan: If the above strategies don't pan out, consider pivoting to related fields like consulting or private wealth management, where your profile might be more competitive. You can always transition to IB later with relevant experience.
In summary, pursuing the SA26 route with a graduation extension is your best bet for improving your chances in FT recruiting. Simultaneously, network aggressively with regional boutiques and smaller firms to keep your options open. Keep grinding—success in finance often comes down to persistence and adaptability!
Sources: 2019 Investment Banking Full Time Recruiting - Do I Have a Chance?, Closed thread (Delete), FT Recruiting after SA Advice, chances of MBB, 3.9 GPA from an Ivy League school in a useless major. What are my options?
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