Currently I go to a non-target with a 3.5 gpa entering my junior year...i have had a stock brokerage internship, accounting experience and UBS Operations or Merill Lynch PWM this fall....for me to break into trading....i realize that my chances at ibanking at a BB are going to be hard/impossible with many more candidates at ivy league schools with higher GPA's....do i have a better chance of breaking into ibanking or trading based on what I have done so far? ...any suggestions/comments/feedback GREATLY appreciated
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you should have been born to rich or poor parents. HTH
Decide what you want to do first! Even before I answer the question, I strongly believe that you should enter something depending on whether you like it or not, rather than based on what is easier / more diffucult to get into.
As to the actual answer to your question, the chances of your getting into trading are just as slim as getting into banking coz there are an equal number of confused kids from ivies you are thinking just like you are and will hit on both places just to have a bank's name labeled on their backside - along with that of their ivy.
If you REALLY want to do banking, then go spend a couple of good and productive years doing something else somewhere, get into a top b-school, do well there and come back as an associate. For all you know, you might make it to an associate faster than these people will (I know people who have done that.) Agreed - you will miss out on big money for 2 years but if you have what is takes to be a good banker, in your 25-30 year career you will easily out-earn those who are not so good across their 28-33 year long careers.
How difficult is it to break into sales compared to trading and ibanking
How difficult is it to break into sales compared to trading and ibanking
Is stock/securities trading easier or harder to break into than I Banking? (Originally Posted: 04/09/2014)
I'm planning on going to Michigan State for my undergrad (total non-target) so I'm looking to network myself into some finance industry. Would it be easier to get into I Banking or stock trading?
It's not so much the industry that's hard to break into, but the specific firm. Any bulge bracket IBD or S&T Division will be very difficult to break into coming from a school like MSU.
Thanks. Any tips on getting into I banking from a non-target? Not necessarily BB but maybe boutiques?
Work hard and get a solid freshman year summer internship. Following internships will build on it, and you'll be off to a good start
Occupy your freshman and sophomore summer with either two internships (take anything even slightly relevant) or one study abroad, one internship. This will make junior year summer recruiting much easier on you.
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