Advice for College Freshman Looking to go into IB (SEC Non Target School)

Hey y'all!

I was posting on this forum to try and get some advice for myself for a career in investment banking.
I'm currently a freshman in college at a non-target SEC school, double majoring in Finance and Business Economics. I'm involved on my campus in a variety of ECs, clubs, etc already and plan to up this involvement in the coming years. 
But, anyways.
I needed some advice because
a) I haven't really gotten into any upper level courses quite yet (I am technically a junior by credit hours, not planning on graduating early though, and most of that was from taking out a bunch of gen eds, pre reqs, etc)
b)I don't know too terribly much about the field yet, and am looking for ways to increase this knowledge(modeling courses, different programs, just general knowledge of the field)
c) I haven't had much relevant experience to IB yet in my college extracurriculars(I have tried getting into an investment club, but can't really start on that until next year)
So I've listed my problems, but I have some possible opportunities. I live in a mid-sized city in the Southeast, and am working on trying to intern with a small IB in said city that does Middle Market investing. I'm not sure if this will work out, but if it doesn't, I wont have much time or really any other opportunities for other IBs in my city because of my status as a freshman. 
What do y'all think I should do if said opportunity doesn't work out? I am considering purchasing the elite modeling package to help increase my knowledge and technical know-how. Is that worth it?
Any advice would be very much appreciated, and if anyone has had any experiences similar to mine, I would love to reach out to you.


Comments (6)

  • Analyst 1 in IB - Cov

As a freshman, your internship doesn't necessarily need to be in IB. Anything within finance (Corp Fin, HF, AM, RE, etc. ) is solid. Definitely should get involved with a student investment fund or other finance orgs. I wouldn't worry about modeling, but more on understanding the industry, accounting, and valuation. SEC schools are all solid for recruiting in the South.

avocado11, what's your opinion? Comment below:

I am from a similar background coming from an SEC school and I would recommend that you should be good if you find any type of finance-related internship for this summer and make sure you definitely get involved in any type of IB/investment clubs on campus. No need to shell out cash for courses, just go online and search up some videos (intro to investment banking careers, how to get an IB offer, what's a day in the life, etc) to get a better understanding of what the career path is like. After you get some IB-related involvement, then you can maybe start applying to sophomore IB programs, and diversity stuff if you qualify. That's essentially what I did to get my IB SA offer for the summer. 

Feel free to reach out with any other questions, always happy to help 

  • 1
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:

Get a perfect GPA.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

LlamaofDoom, what's your opinion? Comment below:

I will try, i think i have a very good shot at that for sure.

NotYourMD, what's your opinion? Comment below:

Vitae voluptatum minus aut blanditiis molestiae dolores vitae. Aut sapiente quis et porro laborum ad. Harum reiciendis ut accusamus quam est et.

Tempore et temporibus illum odit. Numquam explicabo magni aut aperiam reiciendis omnis. Facilis et ad sed sint omnis quaerat eaque possimus. Earum dicta qui vero.

Start Discussion

Career Advancement Opportunities

March 2023 Investment Banking

  • Lazard Freres (+ +) 99.5%
  • Lincoln International (= =) 99.1%
  • Jefferies & Company (▽02) 98.6%
  • Financial Technology Partners (▽01) 98.2%
  • William Blair (▲10) 97.7%

Overall Employee Satisfaction

March 2023 Investment Banking

  • William Blair (▲04) 99.5%
  • Lincoln International (▲11) 99.1%
  • Canaccord Genuity (▲17) 98.6%
  • Stephens Inc (▲10) 98.1%
  • Financial Technology Partners (▲04) 97.7%

Professional Growth Opportunities

March 2023 Investment Banking

  • Financial Technology Partners (▲05) 99.5%
  • Lincoln International (▲01) 99.1%
  • Lazard Freres (▲14) 98.6%
  • Jefferies & Company (▽03) 98.1%
  • William Blair (▲02) 97.7%

Total Avg Compensation

March 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (27) $425
  • Associates (141) $260
  • 3rd+ Year Analyst (9) $194
  • 2nd Year Analyst (86) $170
  • 1st Year Analyst (264) $171
  • Intern/Summer Associate (45) $165
  • Intern/Summer Analyst (194) $92