Well I did it. I landed an offer to be aat an investment bank. Breaking into I-banking from a non-target may be a more common occurrence these days, but it is certainly still a challenge. Here are three pieces of advice that definitely helped me in securing an offer.
It's not what you know, it's who you know
I know you've heard this a million times, but it is so crucial coming from a non-target. Reach out to alumni, friends, or friends of friends. Basically anyone willing to lend an ear and possibly help you out. I sent countless "cold" emails out and had 150 contacts by the end of the summer. Furthermore, always try and meet face to face with a contact either it be shadowing for a day or for quick coffee. Putting a name to a face will go really far when it comes around to recruitment season. HR scans through countless resumes every single day. When they get an email from a co-worker asking to check out your resume, it will definitely set you apart.
Internship Experience is vital
Once you establish some connections, be able to impress with your resume. I know it's really tough to find internships following freshman and sophomore year, but whatever you can find in finance, go for it. Coming from a non-target I saw it critical that I was majoring in finance and had a wealth of internship experience within the field. The three internships I had definitely helped me gain skills that are necessary in I-Banking. They were all unpaid, so I had to work odd jobs to support myself financially. In the end, however, it was well worth it. Work ethic is crucial in this pursuit.
Go the extra mile
The worst they can say is no. I told myself a lot this past summer. I sent out countless emails, had numerous informational calls over the phone, and had two self-funded networking trips. On numerous occasions, I was complimented on my persistence and willingness to go the extra mile. Again, it goes a long way in setting yourself apart from the crowd.
A lot of people told me I couldn't do it. I know this is cliche, but you can truly do anything you set your mind to. If you are non-target who wishes to break into I-banking, it is very possible. If you possess the work ethic necessary and stay focused, then go for it. Okay, now I'm starting to sounds like a motivational speaker. Anyways, I hope you find this advice helpful in the long run.
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