Third IB Internship?
I am a rising Junior at a target majoring in Economics and Math with a 3.4 GPA. I have completed a search fund internship (where I did a lot of industry research and due diligence) and a very small boutique IB (performed basic valuation, created many CIMs, industry research, aggregated KPIs, etc.) internship. By Fall I would also be done with a PE internship (performed portfolio valuations, worked on creating a data room, worked on investor decks, due diligence, and aid in the creation of LBOs), an IB rotational program (work exclusively on M&A modeling, valuation) and another boutique IB internship (work on 200-300 MM cap raises). I was wondering if it would be beneficial for me to do a Fall internship at another boutique IB or at this point is there not much benefit it would provide as I go into Fall recruiting for IB SA interviews at hopefully BBs or EBs. Any advice would be greatly appreciated.
IMO it would be more useful to use this semester to make sure your GPA either stays where it is or improves; use your free time to really network hard with the BB & EB banks; really take time to think about how you're going to relate the experiences that you do have into being effective during recruitment. Training is over for now, it's time to prepare for war.
You seem to be in a great position, just think that a lower GPA could be your biggest threat. Not saying that it has to be a 4.0 especially since you go to a target school, but I feel anything under a 3.5 is fair game for questioning.
Understood, thank you so much for the time. Yeah I know my GPA is my biggest threat. I actually finished my first year with a 3.2 since I didn't really understand how important it is in finance, so I tried a lot harder this year while taking more classes and doing a school year ib internship to get a 3.6, which brought my overall to a 3.4. Also, I have a 2340 SAT, which I hope they consider when they see my lowish GPA. Furthermore, I've been email tons of alums and will continue to as I try to compensate for my own missteps from my first year.
bump
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Regardless of what you do, you're in an excellent standing. Do whatever makes you happy. Good stuff man!
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