I Need Advice
I need advice...
I didn't really know I wanted to go into Investment Banking until my senior year, originally wanted to do traditional asset management. I had no idea how important it was to have internships every single summer starting your freshman year, but now, I am about to graduate and feel stuck and really don't want to do anything but IB. I just don't think I'll be able to break in to even a regional boutique. I went to a small state school 3.4 GPA with a 4.0 in my Finance classes, joined Investment club and got into the student managed investment fund where we managed part of the endowment (this is really only one of two experiences I have). I know I am a smart guy, and truly think I would do great in Investment Banking. I got an internship in Lower MM IB (pretty small deals, not super competitive) but I really love M&A and have toned my modeling skills through courses trying to get marketable through hard skills, but just seriously doubt a firm will take a chance on me. It just feels like firms don't want to have analysts on their team with my school as education. I know I'm young and don't want to quit but I just don't know what to do. I feel as if my only option is to go to grad school, but taking out a loan doesn't sound nice at all plus I'm not sure how well I would do on a GMAT or GRE as I am not a great standardized test taker. Long story short, I know I would be a great analyst. I understand the industry and genuinely want to work in banking, but just don't think I'll get a shot because of how much more competitive everyone else is compared to me. Does anyone have any advice? I'm coming up on graduation and am getting anxious as to my future in the next few months. I don't want to sound pathetic here (lol) I am a super motivated person and just looking for advice on how to process this type of stuff.
I would just start applying to every bank. Literally make a spreadsheet of all the top global banks and work your way down to no name boutiques in your hometown. And just apply and send personalized cover letters to each and every one.
If you get into a good bank, that’s great.
And if you only get into a crappy bank, that’s fine. Just work hard for 6 months and then start applying to the top firms again for 1st year analyst positions.
Banking is hard to break into if you go to a crappy school, but not impossible.
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