GPA from Target, how important?
What’s the general rule of thumb in terms of min gpa one should have for a decent chance at interviews/ jobs, and how does this compare to internships? TY in advance
Based on the most helpful WSO content, GPA is indeed a significant factor when it comes to landing interviews and jobs in investment banking. Here's a breakdown:
The general rule of thumb for a minimum GPA seems to be around 3.5. However, it's important to note that the higher your GPA, the better your chances. For instance, if all else is equal, a bank is more likely to interview a candidate with a 3.9 GPA over a 3.7, and a 3.7 over a 3.5.
GPA is often used as an initial screening tool to narrow down the pool of applicants. For example, some firms may set a cutoff at 3.6 or even 3.7 if the resume book comes back too thick.
That being said, GPA isn't the only factor that matters. Networking plays a crucial role as well. In fact, the candidates who end up getting interviews are not necessarily the ones with the highest GPAs, but the ones with the deepest networks.
As for internships, GPA is still important, but networking can make a significant difference. For instance, one user was able to secure multiple superdays despite having a low GPA, thanks to extensive networking.
Lastly, while a strong GPA can help you land interviews, it's not as important once you're in the interview phase. At that point, your interviewing skills become more crucial.
So, while a strong GPA can certainly boost your chances, it's not the be-all and end-all. Networking and interviewing skills are just as, if not more, important.
Sources: is the gpa cut off still 3.5?, Why can't I even get any interviews?, At what point does GPA hit diminishing returns for recruitment?, On the off chance Investment Banking doesn't work out for me, Easy A classes?
If you’re at an Ivy, 3.5.
If you’re at a non ivy t30 school, 3.7+ ideally
Try to have a high gpa + an IB internship at a decent boutique
I appreciate the response. Currently Sophomore at Duke. BS Econ/ finance. 3.8 gpa. Secured internship this summer in private equity.
At least a 3.5 for Ivies, especially if at a school known for grade inflations or if in an easy major. Ideally one or two finance internships prior to junior year
Thank you. Currently Sophomore at Duke BS Econ finance 3.8gpa secured summer internship in Private equity.
You check the school and resume boxes for any IB job... just need to make sure your networking/behaviorals/technicals are good but you shouldn't be too worried
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