reality check - breaking into banking cold

hi,

If you get nothing out of this post then at least walk away with this: President John Tyler, the 10th Prez of the US (1841-1845), has two living grandchildren. Pretty cool, huh?

Ok so I am 26 years old and live in Philly. I am attempting to break into I-banking in NYC at one of the major banks. I want to, in this post, briefly lay out my game plan and ask for any and all helpful feedback from you current bankers. Thank you.

My entire game plan rests on me getting into one of the business schools I applied to in round 2 this past month (all top 10 schools). So for the sake of the plan just assume I will, obv if I come back 0 for 5 then its back to the drawing boards.

I have no finance experience. In fact, I have virtually no work experience, in the traditional sense. I just got out of the military and am transitioning right into business school. 760 gmat score and 3.8 GPA at college (econ+finance), tho.

Now:: Self-study to the point where I can smoke an interview: for this Ive subscribed to the entire "Breaking Into Wall Street" training package and have allotted time to go through it twice, all of it, in the next two months. On top of that is a reading list, and several i-banking guides (vault, wetfeet, and a few of these b-schools have provided me with their in-house guides).

Next:: As soon as I receive an acceptance letter (late March), cold-call / email the s&$% out of every finance firm (i-banking at the top of the list) in philly and leverage the acceptance into a pre-MBA summer internship.

Finally:: start school in fall 2012 and make it happen

Thoughts, comments, questions? I greatly appreciate any, thanks.

6 Comments
 

Network with military alumni. I go to a nontarget and it was virtually the only way I got a couple BB interviews.

I think that we are all clinging to a great many piano tops...
 

3.8 GPA, 760 GMAT heading to a top 10 b-school hopefully, 5 years of military experience? Someone will take a chance on you. I agree to network with military alumni.

Crush it at b-school and you're set.

MM IB -> Corporate Development -> Strategic Finance
 

A accusamus culpa sit minus voluptas itaque rerum dolorem. Earum et rerum dolores omnis rem qui sed. Velit est qui quidem.

XX

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”