Non Target

Hello, I am an incoming freshman at the University of South Carolina.

I will be majoring in International Business and Finance and minoring in spanish in the honors college.

-Eagle Scout

I already understand that going to a nontarget my odds at breaking into IB are slim to none and I have prepared myself for failure in that regard but my question is will being an Eagle Scout actually increase my odds of entering IB. Is this a myth just to attract scouts or is true that it is easier to get positions at companys if you are an Eagle Scout. Thanks for your time everyone.

 

Not a myth at all, quite the opposite. If your resume doesn't have Eagle Scout plastered all over it, you will be dinged immediately.

 

Realistically, you can use eagle scout to network but it's probably about as useful as being in the same fraternity, doing the same sport etc. Just one commonality. I was also a scout and the point of scouting is not to flex the eagle rank to become a BSD banker. The point of scouting is right there in the scout oaths and laws. You should have had experiences that taught you life lessons in leadership. Those follow you regardless of if anyone knows you made a rank. 

 

As other commenters have alluded to, I'm not really familiar with how being an Eagle Scout is a huge differentiator for banking. I'm sure it can help if your potential interviewer was similarly in the scouts, but otherwise I wouldn't go overboard with it. Since you're going to South Carolina, I'd recommend focusing on southern banks, such as those in Charlotte and Atlanta, for opportunities. Reaching out to alumni at banks in those cities would likely be more successful than attempting to break into NYC. Best of luck!

 

Never say never, but South Carolina would not be getting much, if any, attention from banks in NYC. If breaking into IB in NYC is your goal, you're definitely going to have to work hard in networking, knowing your story, and understanding the finance/accounting technicals. Just know that your chances of breaking into a southern regional MM/boutique are much higher than NYC.

 

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