Advice for Bank Job

Hi guys, I go to a school that is ranked 45-40. I have had two real estate internships and I want to break into banking. I went from a 2.87 gpa for my first 2 years to 3.27 gpa that I round to a 3.3 on my resume. I am not qualified enough for an analyst position realistically, even though I am very knowledgeable about financial markets, corporate finance, and financial products. I'm trying to find a job that I could have at a bank for 1-1.5 years and work on my cfa to pivot to an analyst role in NY. Also, I have a strong personal connection with a pretty high up employee at a particular bank that allows me to talk straight to recruiters. My question to you all is what position should I target. I found that I've been turned down from one more operational position because I am overqualified yet I'm not qualified enough for an analyst role. Any recommendations?
Also, if you are feeling generous, please hit the banana so I can get more responses. Thanks.

Comments (6)

Mar 25, 2018

Look for roles outside of pure ibanking. Try for areas like private wealth management or some middle office jobs like credit risk

Mar 25, 2018

Thanks for your feedback. PWM is definitely the area I am targeting. I recently had someone in the hierarchy put in a good word for me after a short interview and the feedback from the hiring manager was they didn't think I was a good fit. I have inferred that my background was slightly too strong (I know its nothing special but compared to the entire world) and they look more for journey workers with years of experience who stay in the role for long periods of time. So I feel that I'm looking for a job that wants someone to fill the position forever, rather than a position that the bank would want to acquire talent. So its like i'm not qualified for talent related positions but this type of job doesn't want someone who would leave to try to go to the next level. So this I feel is my predicament.

Mar 25, 2018

No offense, but I don't think your experience is too strong for PWM. Maybe you just need to work on your story as to why you're interested in that area. You shouldn't be signaling to your potential employer that it is only your backup option. And if this one particular bank where you have a connection doesn't work out, there are tons of other firms out there. Just keep trying. Most people in school apply to dozens of jobs before finding the right offer.

Mar 25, 2018

Thanks for the feedback. I have a parent who has been in PWM for 20+ years. That is part of my pitch. The problem is I think generally PWM teams look for older people to service their clients. By overqualified, I meant these teams don't want someone who leaves in 1-2.5 years and my background might hint that I probably have a strong desire to grow my career. Again really appreciate the response.

Mar 25, 2018

bump

Mar 25, 2018
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