Senior in high school interested in Investment Banking
Hi, I'm new to this community!
I'm a senior in high school right now. I slacked a lot throughout my underclassmen years, didn't do as well as I would've liked. But since then, I've gotten straight A's in difficult AP, dual enrollment, and honors classes and have recovered my GPA (3.7).
Over last summer i researched both the buy-side and sell-side of finance and Investment banking seems like a great medium for me to get into the buy-side of finance. I know it requires tons of hard work and dedication, but i feel like I'm more motivated than ever and think i can reach my goal.
I got into IU Kelley for finance and am going to go there to get my education. I know it's not a target school, (it's a semi-target; around 85 people land jobs in investment banking out of college) but it's the best college my current grades can get me into. I'm also thinking about the possibility to transfer after my Sophomore year to a more desirable school for these companies. (like NYU, UMich, UBerk)
Now that my background is done, I'll come to my questions:
- I know networking is crucial to get in the radar of banks. I created a LinkedIn and began adding my qualifications. Do you guys have any tips on networking for Investment banking specifically?
- Are there any specific internship roles that would help me to land a summer analyst role at an Investment bank in my junior year?
- If there is one thing that you would have done differently/ do better during your 4 years at university, what would it be?
- Is there anything you suggest i look into/begin doing before i get to IU this upcoming fall?
- Literally, any type of general tips or advice would also be appreciated!!!
IM READY TO DO THIS SHITTTTTTTT. LETS GOOOOOOOOO
Thank you for taking the time to help me out. Hope you beautiful people have a great day/night!
Advice id give.
If you get good grades, join the right clubs, network, and know your stuff you will be fine. Just don’t forget to enjoy college
First, just relax. You've got a fun four years ahead of you, so don't go into it with IB blinders on. Have fun, get good grades, join the IB club as stated above, beyond that, you can wait til junior year to really start hitting the ground running for an internship.
Having a linkedin is smart, but honestly I wouldn't post or do anything crazy other than connect with people you know and meet along the way. Reality is noone in IB will be impressed by anything you put on the page while in college, so truly look at it as a way to keep tabs on connections. You can leverage it when the time comes. That said, make sure you have a decent photo (don't go paying for a headshot or something as a freshman, just a good picture of you in professional clothes), and keep your education info up to date to include extracurriculars. Again, don't use linked in to reach out to people unless you meet in person first or have a real connection. Just reaching out to an senior banker who also went to IU isn't going to do you any good. When the time comes, you'll have met enough people through IB club to have decent connections at plenty of banks and can start looking for internship opportunities.
At IU your best bet is an internship at Baird or William Blair since they are both headquartered in Chicago and IU will have a lot of connections. If you're dead set on BB, then open up your aperture. IU will have enough people at different banks to get your foot in the door.
If you find something else during college that is more interesting, pursue it. Don't chase IB for the prestige or the pay. If you're still interested after sophomore year, then its time to start getting more serious.
In the mean time, have fun, and go Hoosiers; Bloomington is awesome.
transfer isn’t worth it imo, also I think it’s harder to break into NYC IB from Berkeley than IU Kelly, someone can correct me if I’m wrong. Also it may be very difficult to get into nyu stern as a transfer
Don't stress too much -- join the clubs and meet people who you can go through the process with, and take full advantage of any recruiting resources available at your school. More importantly enjoy college and make friends.
Also if you want to do finance consider majoring something in technical (math, computer science) with Finance double major/minor instead. You'll get just as good if not much better looks from most places you'll recruit from, and have something else to fall back on if you decide you hate finance.
Do coding and work at FB instead its better.
I will be heading there as a freshman this fall as well pursing some kind of high finance job, not sure what yet. Maybe I'll see ya in the fall best of luck to you.
Hi! Same to you!
Me too (most likely)! Can't decide between IUB and BC CSOM.
Current freshman at Kelley here. I was basically in the same situation as you last year so I’ll share some advice.
1) Make your LinkedIn, connect with some other incoming freshmen over the summer, but don’t reach out to anyone. For networking, don’t worry about that right now. Focus on getting into the IBW sophomore year, and after that they’ll guide you through everything.
2) Don’t worry too much about internships yet. If you get into IBW, they’ll guide you through SA recruiting during the second semester of sophomore year. With that said, internships before then can be helpful. If you can get something this summer, great. If not, don’t worry at all. Same goes for next summer. All that matters is that you do SOMETHING during that time, whether it’s a job, volunteering, etc.
3) Choose your professors very wisely. It’s pretty stupid, but profs vary wildly in terms of difficulty. This is how an “easy” class became one of my most difficult ones and almost ruined my GPA. For choosing profs, google “IU grade distribution” and look at how they’ve graded in the past. Ratemyprofessors can also be helpful, but the grade distribution website is a lot more important.
4) Start following the markets, this will prepare you for club interviews. Set up your WSJ, FT, etc accounts that you get for free through IU libraries. Understand the Fed, and start learning some very basic technicals if you want (don’t worry about anything beyond P/E ratios at this point). Also, learn how to make a solid stock pitch. Don’t worry too much though, especially at this point. Enjoy your free time.
5) Focus on your GPA above all else. Aim for a 4.0 your first year. It’s not easy, but it’s definitely doable. GPA is arguably the most important factor when it comes to workshop applications. To help with this, take finite math over the summer (this summer or next summer, doesn’t matter) through Ivy Tech. You’ll thank me later.
Feel free to PM me if you have any more questions or want to talk more about Kelley/IU. It’s definitely a grind, but I love it here.
Wow. This was incredibly valuable thank you so much man. Regarding the 4th question, are you talking about technicals for IB interviews? I'm kinda gonna be bored all summer since my friends are going out of the country with their families. So might as well do something this summer.
I definitely want to PM you and talk to you more about IU and business/workshops
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