Graduating Senior-my goal, any chance?

I'm not sure if this is the right forum for this, but simply I want to know my chances for even becoming affiliated with Wall Street. I am a graduating senior and a lot of stuff has crossed my mind upon college admissions. Seeing my peers get into Wharton, Stanford, Yale, and Princeton really hurt me. I really want to prove to myself that I can reach Wall Street from a no-target school. Yes, I know I'm a bit young but I really want to set a goal and achieve it (never really achieved anything because I slacked off in HS). I got rejected from my top 5 engineering schools which bummed me out. As of this moment, I'm waiting on UofChicago but chances are slim that I get off the waitlist. I am going into civil engineering at either Cal Poly SLO or UCSD (considering going into econ/math major at UCSD). Anyways, enough of the background information. I really have my eyes set on Wall Street. I want realistic answers as to what my chances are? Any tips, advice, or any of the sort would be welcome. I've done a lot of planning and as of now, I plan to graduate in 4-5 years. Get job experience for 3-5 years and then apply to a top MBA program hopefully so I can get into Wall Street. Odds are slim, but I'm really dedicated to it. Any ideas?

Comments (12)

Apr 15, 2011 - 1:06am
turtles, what's your opinion? Comment below:

you're a high school senior and you're already worried? wow, what has the world come to? here's my advice: neither cal poly nor ucsd are shitty schools. if you get a 3.5 and network like crazy, you'll get something. start cold calling pwm offices winter of freshman year and try to set something up for the summer... they're easy to get. do that for two summers if you like it and then start shooting for IB or S&T (if that's what you want) during your junior year because the junior/senior internship really counts. work your ass off if you get a SA job and try to turn it into a FT offer.

Apr 14, 2011 - 10:29pm
JSnoopy93, what's your opinion? Comment below:

Hahaha sorry, but college admissions were quite the wake-up call for me. It really hit me hard that I didn't take advantages of my opportunities while my peers, who I believe I can compete with, got into these really top schools. I'm not worried, but I'm trying to prepare the best I can. Thank you for the advice, I will surely network like crazy. Quick question-if I'm doing engineering, will any summer internship with regard to job experience help me or does it strictly have to be finance-related?

Apr 14, 2011 - 10:48pm
cjohn09, what's your opinion? Comment below:

I mean turtles hit it with the standard response that you'll always get here.

If I had to do it over again, I would major in Math and Econ instead of Business and Econ like I did.. but it really doesn't make a huge difference. Go join a fraternity, have fun for at least a year, grab a GWM internship if you can or some sort of research job (law firm, working for a professor is great too), then worry about it.

Understandably you are a little nervous and upset that your friends are getting into better schools, and that's fine. When I interviewed with my current boss, he said "you're not one of those ivy league fuckers are you?"

Those people are more prevalent than you would think.

Apr 14, 2011 - 11:05pm
JSnoopy93, what's your opinion? Comment below:

Hahaha your boss is awesome. No doubt I will definitely enjoy college. I just feel sort of like an underachiever. That's good to hear! I will be lurking WSO for quite some time now :) Maybe years from now, I can post about my success? :D

Apr 15, 2011 - 1:09am
turtles, what's your opinion? Comment below:

ya definitely make an effort to enjoy college as much as you can and that doesn't necessarily mean getting a girlfriend and partying you're brains out. i think playing in an intramural league is one of the most enjoyable things (of little important) you can do.

Apr 15, 2011 - 1:40am
JSnoopy93, what's your opinion? Comment below:

I will try and become involved and network like crazy! The reason I'm asking so early on is because I don't want to graduate and have the same feelings as HS-the feeling that I passed up on a lot of opportunities so I'm trying to realize what I need to do first so I would never be in that position again.

Apr 15, 2011 - 4:01am
International Pymp, what's your opinion? Comment below:

those aren't good schools but they're not terrible schools either. Get a 3.8+ and network your ass off and you'll be okay in the long run. You need to get a super-high GPA to get a good job and also to get into a top MBA or law school and give yourself a better brand.

Econ major is enough... throwing in the math major is just going to mess up your GPA. If you're at a target you only need a 3.5, but from these schools you're going to need to be magna/summa to have a really good chance of getting a good job on the street... so don't overload yourself with a tough major like math.

  • 1
Apr 16, 2011 - 2:18am
JSnoopy93, what's your opinion? Comment below:

See this is where I'm kinda torn. I know Cal Poly is better suited for engineering and I could probably easily land a job/internships and whatnot. However, I could go to UCSD and possibly do straight economics-which they are very good in. How huge is the difference between say engineering and economics? What about SD and Cal Poly? And i'm not sure about transferring, isn't that pretty difficult? Sorry for all the questions-I'm just trying to set myself up the best I can for the future.

Best Response
Apr 16, 2011 - 4:18am
TechBanking, what's your opinion? Comment below:

This is the opinion of a person who started in engineering at a good (not great) engineering school, transferred to a semi-target and has made a solid career in finance, going on 10 years, including 3 years as a BB analyst in NYC.

I chose to go to a sub-semi target, yet top 10 in my major, engineering school out of high school over 2 of the top 3 engineering schools, including MIT. I picked my first school for lifestyle reasons and to play a sport. I came from a family and an area of the country that had/has no idea about careers in finance, and prestige was not a concern for me. To this day I get asked why I can't work for the local bank branch when I'm home for the holidays. I spent 3 years at my first school and had a great time and made life-long friends. I had a very solid GPA for engineering, but it was GPA. If that's what you're into just do it as an engineering major, which is much more practical and offers more optionality.

See how your first year goes and make sure to get a 3.5+ GPA. If you love your school and major, stick with it and see where it takes you. If you are still obsessed with getting into banking, then transfer to a target school. You aren't far off if Chicago put you on its wait list.

The most successful person on Wall St that I know went to a complete non-target and started in the back office. You are a college student - enjoy your life!

  • 2
Apr 16, 2011 - 7:01am
JSnoopy93, what's your opinion? Comment below:

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