How fucked am I?

I am a recent 2024 graduate with a Finance degree from a non target, military college with a trash GPA of 3.1. My only internship I was able to secure my junior year was a Financial Accounting internship with my states Ports Authority. All of my other work experience is in the restaurant industry, from dish to sous chef. While I was at uni, I was a part of our Student Managed Investment Fund that had just under 2m AUM, for two years. First year as a TMT Analyst and second year as a Sector Head of Materials. I started school as a Biology major and switched to finance a year in. I then went back and forth about what career I wanted to pursue and then decided I was going to start my own business, I've since changed my mind. However, last month an advisor of mine recommended I attempt to get my CFA level 1. Maybe this might help set me apart? I've started studying and plan to test In February 25. I am looking for an IB or HF analyst role full time. What can I do? Am I screwed? Is it too late for internships?

7 Comments
 

Based on the most helpful WSO content, here are some actionable steps you can take to improve your chances of landing an IB or HF analyst role:

  1. Leverage Your CFA Studies:

    • Continue studying for the CFA Level 1 exam. Passing this can demonstrate your commitment and knowledge in finance, which can help offset your GPA and non-target school background.
  2. Highlight Relevant Experience:

    • Emphasize your role in the Student Managed Investment Fund, particularly your experience as a TMT Analyst and Sector Head of Materials. This hands-on experience with a significant AUM is valuable and relevant to IB and HF roles.
  3. Network Aggressively:

    • Networking is crucial, especially coming from a non-target school. Attend industry events, join finance-related groups on LinkedIn, and reach out to alumni or professionals in the field for informational interviews.
  4. Consider Additional Certifications or Courses:

    • Look into other certifications or courses that can bolster your resume. For example, the IMC, CFA, or CISI qualifications can add weight to your application for early roles.
  5. Apply for Internships and Apprenticeships:

    • Given your current situation, applying for internships or apprenticeship programs can be a strategic move. Programs at firms like Deutsche Bank, Goldman Sachs, and HSBC offer front office roles that can provide valuable experience and potentially lead to full-time offers.
  6. Tailor Your Resume and Cover Letter:

    • Make sure your resume and cover letter are tailored to highlight your most relevant experiences and skills. Focus on your finance-related roles and any achievements or projects that demonstrate your capabilities.
  7. Prepare for Interviews:

    • Practice your technical and behavioral interview skills. Use resources like WSO's interview guides to prepare for common questions and scenarios you might face in IB and HF interviews.
  8. Consider Alternative Entry Points:

    • If breaking directly into IB or HF proves challenging, consider roles in related fields such as equity research, FP&A, or corporate finance. These positions can provide relevant experience and potentially serve as stepping stones to your desired roles.

Remember, persistence and strategic planning are key. Many professionals have successfully transitioned into IB and HF roles from non-traditional backgrounds by leveraging their unique experiences and demonstrating their commitment to the field. Good luck!

Sources: Screwed up my A Levels, what courses can I go for to still make it in IB?, https://www.wallstreetoasis.com/forum/job-search/i-screwed-up-then-i-caught-up-what-next?customgpt=1, Am I Screwed? Feeling desperate in job search despite strong academic profile, Accounting major, can't seem to break into IB, Am I screwed for the CFA?

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

What is a ‘non-target military college’? Does your college require X years of active service post-grad like the Academies? If so, serve your time and attend a top MBA program after. If not required, still consider the same route. Top MBA degree + 4-6 years as an active duty officer is an incredibly strong resume.

 

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