3.4/3.5 GPA, no SA offers this summer, OPS or Commercial Banking?
I am currently finishing up my junior year at a non-target and will have a ~3.4-3.5 (business/finance major) by the end of this semester. I originally wanted to do investment banking but I clearly don't have the grades for it anymore. My work experience is just a couple summers at a regional pwm, and I have no offers for the upcoming summer. My plan is to increase my gpa by the time I graduate to 3.5+ and gain the best possible work experience I can after I graduate.
What would set me up for a decent MBA better: ops or commercial banking? also, are there other possibilities that I should explore? I will continue trying to get into FO roles at boutiques, but I need to start pursuing backups now. Assuming I don't do an MBA, which of these fields would have a better career progression (how "fast" can i move up, in pay/position)?
F500 with a good training program
^How easy are these F500 programs? I am in a similar spot except I have a higher GPA and didn't get into the one place I have OCR for, and it's virtually impossible to get noticed online at those places (sorry OP, hope I'm not highjacking)
commercial banking is actual finance and will teach you shit, ops is not....
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This is unbelievably misleading for the OP. It may be like that at one point, but it will take a long-ass time to enjoy that balance. I also recommend doing commercial banking, but have reasonable expectations..
Between ops and commercial banking, definitely go with commercial banking. Not even a question IMO. That being said, I wouldn't count yourself out for investment banking yet. It is good to be realistic, but your GPA is not low enough to auto-ding you for banking. Focus hard on boutique shops in any FO-type role, including research or something like that. I personally would suggest looking into boutique consulting as well, though others may disagree with me on that. My reasoning is that consulting, even at the no-name level, will allow you to put "Strategy consulting intern" or something like that on your resume, which will give you a small amount of pedigree. Having non-target and ops on your resume is sort of a double stigma in high finance (not saying whether this is justified or not), and you do not want that burden.
Don't get me wrong, nothing is impossible. Take ops if you can't anything else, but I'd go FO boutique>consulting boutique>commercial banking>ops
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This is much less "misleading" than every fanboy on this site thinking they'll make millions in IB just because they got an analyst gig or prospective Big4 monkeys discussing making partner
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