What is the likelihood of attending a low semitarget, grinding technicals for two summers, doing everything correctly, and then getting rejected from all your SA apps?

People here say "oh as long as you network hard hard hard from any semitarget you should have a decent shot at breaking in," but if that's the case, why are IB acceptance rates 1-2%? Is it because a bunch of students from Northwest Missouri State University just throw in a blind application, or is the true reason that plenty of hard workers from semitargets who also do decent in interviews get rejected?

I'm extremely scared of paying $80k a year for some semitarget LAC like Colby, doing everything correctly (and working sooo hard on all things IB), and then getting my app dumped everywhere as if I went to NMSU (not to mention NMSU would be nearly free lol), not to mention where else would I use all those niche finance skills again? An MSF? Thanks for the help...

4 Comments
 

Yes, there are a lot of applicants that are underqualified, but banking is hard to get into. I can't say exactly what percentage to get in, but its competitive. I am not an expert in the schools you listed but I would bet that Colby has a stronger banking presence. I would go both schools linkedins and look up how many alumni come from each school and where they work. That will give you an idea of how recruiting might be out of that school. 

 

From what I have seen on wso, similar cases (sometimes even with targets) have happened where at the end, they don't make it. As Colby costs 80k per year, I'd recommend reconsidering your options if you are dead-set on IB. Take the information you see here with a grain of salt as this is an important decision, and good luck

 

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