Trying to learn about finance

Hey everyone,

I’m a student at a community college, currently a sophomore that’s trying to transfer to a T20 school (UCLA, Vanderbilt, etc). I’m a first gen low income student and tbh had no clue about anything finance recruiting timelines, or anything like that. No on in my family has ever worked a corporate role ever. 

After reading threads here I’m fucken shocked about how recruiting works. Realizing that lots of summer 2027 roles (IB, CIB, CB, even fucken PWM) are already open or even closed at this point is insane to me.

I wanted to see if anybody here has any advice on some roles within finance that would open up later. I also can delay my grad to make me eligible for summer 2028.

I’m also diversity so would love to get any advice in general. I know this rant is so general but I literally don’t know anything about how any of this work and just want to work as hard as I can to try and support my family. Thank you for your time and would love any advice whatsoever!

4 Comments
 

Based on the most helpful WSO content, here’s a breakdown of advice tailored to your situation:

1. Understanding Recruiting Timelines

  • Investment Banking (IB) and Other High-Finance Roles: Recruiting for summer analyst roles often starts 1.5-2 years in advance. For example, summer 2027 roles may already be filled or nearing the end of their cycle. However, diversity programs and off-cycle opportunities can still be available.
  • Later-Opening Roles: Some roles in corporate finance, wealth management (PWM), or smaller boutique firms may have later timelines. Keep an eye on these as they can be more flexible.

2. Diversity Recruiting Programs

  • As a first-gen, low-income, and diversity candidate, you have access to exclusive programs designed to help you break into finance. Here are some examples:

    • Morgan Stanley Early Insights: 1-day programs for URM, women, LGBTQ+, and veterans.
    • Credit Suisse Doug Paul Scholarship Program: Offers a summer analyst role and up to $15,000 in scholarships (eligibility: URM sophomores).
    • Goldman Sachs Insight Days: 2-day programs for diverse candidates with interviews for summer analyst roles.
    • BAML Sophomore Summer Programs: Focused on URM and women, with divisions like Investment Banking and Global Capital Markets.
    • Deutsche Bank DB Achieve Program: Sophomore summer analyst program for URM and women.

    These programs often have deadlines in the fall or early spring, so start preparing now.

3. Delaying Graduation

  • Delaying your graduation to align with summer 2028 recruiting is a smart move if you feel unprepared for the current cycle. This will give you time to:
    • Build your resume with internships or relevant experience.
    • Network with professionals in the industry.
    • Participate in diversity programs and conferences.

4. Networking

  • Networking is critical in finance. Start reaching out to alumni from your community college or target schools (once you transfer) on LinkedIn. Join finance-related clubs or organizations at your future school to meet peers and professionals.

5. Resources to Get Started

  • WSO Financial Modeling Courses: These are beginner-friendly and will help you build technical skills.
  • WSO Networking Guide: A step-by-step guide to help you connect with professionals.
  • Mock Interviews: Practice behavioral and technical questions to prepare for interviews.

6. Action Plan

  • Short-Term:
    • Apply to diversity programs and conferences (many are still open for sophomores).
    • Start learning basic finance concepts (e.g., financial modeling, Excel).
    • Build a strong resume and LinkedIn profile.
  • Long-Term:
    • Transfer to a T20 school and join finance-related clubs.
    • Secure internships (even unpaid or part-time roles) to gain experience.
    • Prepare for summer 2028 recruiting by networking and honing your skills.

You’re already taking the right step by seeking advice and being proactive. Keep pushing forward, and don’t hesitate to leverage diversity programs—they’re designed to help candidates like you succeed!

Sources: 2019 FT Analyst Recruiting Timeline, 43 Diversity Recruiting Programs at Investment Banks - The Most Exhaustive List, 2019 FT Analyst Recruiting Timeline

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

Front office (IB, S&T) recruiting is brutal and happens earlier and earlier each year (and recruiting is concentrated to a small subset of schools). I don't have advice on non-front office roles with later start dates, however, since you mentioned you're diverse, I'd look into SEO Careers and MLT. Both are programs aimed at educating and placing people with partner companies. 

SEO Careers: https://career.seo-usa.org

MLT:https://mlt.org

Where are you based? Could you try and find an internship at PWM in the area of your CC? Those might have less rigid internship timelines. You're probably going to have to do a lot of leg work and generate your own opportunities versus trying to place through the traditional, NYC-based processes from a CC. 

 

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