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recommendation/decent resume/good persona/but a bad gpa?I am confident that I could break into banking if I can land an interview. I'm confident I have what it takes (persona, drive, etc) but I'm afraid I won't even be considered given my "numbers".I'm willing to grind my ass off and be patient.Thank you for taking the time to read and respond!(I have written off BB at this point
Masters is the most likely path.
Could also get a job at a local boutique and lateral up after a couple of years.
I'm in mid west when you say local boutique do you mean try for a banking job or just a job at the firm?
Would a masters in finance have a similar effect?
Cumulative gpa of 3.1 is doable. Get a 700+ on gmat and apply to T25 schools and you will be fine. Just put in the work to get there and once you are in, depending on the school, exert maximum effort and you will definitely land an associate gig.
How selective are small boutiques? I have been exploring my options in Milwaukee and I can already tell the “requirements” are less intimidating. Can I expect to be turned away left and right even though my resume is solid?
If you’re going to study for gmat just go get your MBA…
Would an MBA “seal the deal” for me most likely? Would it be possible to use a good gmat score to excuse poor early college performance for an interview even if I don’t have an mba? If I can avoid getting my MBA till later that would be ideal but I am willing to do what it takes.
Assuming you're 22-25, your best shot is taking a middle office job, working that for about a year or so and then lateral to IB. Or you could get into a small boutique. It's definitely not impossible because I did it myself. Don't waste your money on a masters or MBA
I’d love to chat more about the career moves you made!
Definitely MBA - has to be M7 or top 15, so GMAT needs to be outstanding. Get 2 or 3 years of work experience before you enter, and work on your "extracurriculars" too since your job seems like a 9-5 - junior boards, involvement, etc. I guess you could do Masters too, but there are very few programs and IMO you need a total rebrand and not just 1 extra shot at recruiting. MBA means you get an immediate shot at BB associate roles, instead of floundering around in tiny boutiques for many years.
IMO you have next to no shot at lateraling into a bank right now, especially given the market conditions with few people hiring - your GPA is not useful and your current experience is not relevant either. The courses are great to show interest but don't move the needle much if that makes sense.
I don’t see myself as a BB guy, my ideal would be middle market. I am certainly willing to flounder at any tiny boutique if that means I can begin doing “real” finance. If I have written off BB, would I still need to go full blown high level MBA?
Baird in Milwaukee is my dream job ATM, they are pretty selective but I have several connections at the firm.
I suppose my next move would be to finding a big list of small boutiques. I should have a good GMAT score by then to show, to go along with interview ability/tech and persona I would assume.
Yeah if you're aiming for Baird and really want to stay local, I guess you should just be blasting networking emails to small boutiques. I recommend going on LinkedIn, limiting your search to Milwaukee, and searching "Investment Banking Analyst/Associate/VP" and making your own list of local, smaller firms to network with.
The market sucks right now and most IBs are laying off, not hiring, so you may not get any traction until next summer. I would wait until you have at least 1 year of experience (your post says 9mo, not sure if you are a new grad)
Nope, you don’t have a chance in hell man.
It’s people like you that make me work even harder.
Thank you!
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Get an MBA. I had 2.6 undergrad gpa, went top 25 mba, landed BB nyc.
I specifically chose a school based off alumni pipeline, this is key. Certain schools punch above their weight with very little IB competition. Don’t go to stern or Johnson. Stern or Johnson is competition of 150 people for IB. Go to an Emory or Mccombs instead. Only caveat is if you really want a specific “top” group and you know you’re a stud. Generally Going for top groups as an MBA is fucking stupid, we don’t exit to PE. No one at the bar gives a fuck if your an MBA associate at JP vs Jefferies. Fuck a top group - go for either a career opp or intangibles.
It is easy, the competition among most MBA candidates is fucking low
"It is easy, the competition among most MBA candidates is fucking low" - know quite a few people at my T25 who struck out. I don't think it's "that easy."
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