Am I fucked for recruiting???

I chose BC over ND(I visited and I didnt think it was a good cultural/geographic fit)  this year (this was when I didn't know what investment banking). Now that I am interested in IB, I am starting to regret my decision.

ND  according to this forum sends 20+ kids every year to the top bb/eb while I don't really see that with BC placements.

Sigh. Should I start working on my essays and transfer to a better target for soph year?

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Comments (57)

Jun 19, 2021 - 8:51pm

3.5 is the threshold of screening out resumes. Anything over that is fine. Don't kill yourself. It does not work like the college admissions process where the top GPA gets the job. They look at internships (pre-SA) and personality fit, etc. Network, intern, and get involved with extracurricular activities related to finance. Also Boston has a pretty strong finance scene. You could get a fall or winter internship.

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  • Intern in PE - LBOs
Jun 19, 2021 - 12:19am

Pretty sure ND sends way more than 20 every year to those shops

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  • Intern in IB-M&A
Jun 19, 2021 - 1:22am

Buddy, so many non-targets put in the work to break into the industry. if you put in a decent amount of effort and check all the other boxes, as long as you are a total loser you will be fine from BC

Jun 19, 2021 - 8:27am

Didn't bother reading the whole thread but I actually have good advice here:

My brother is a rising senior at ND and is working at a BB in NYC this summer (GS/CS/BoA). I go to a Midwest non-target and we both are white so I had the opposite recruitment experience as he did. Tbh, BC is a solid school and targets heavily in the Boston/East Coast cities. Ik friends that went there and are core schools for MM/BB up in Boston but the furthest you can realistically go is NYC and not other cities out in Cali or the South (correct me if I'm wrong). You are still in a better position I am in but you might just need to get on your horse and start networking depending on where you want to be. If you find a list of banks that actively recruit at your school and those are fine with you then that's ok but for figure that out.

Nothing is impossible and overall you will be fine. Even if you are a nontarget for a specific bank don't let that phase you. I got a offer next summer with a solid MM bank in NYC (Blair/Lincoln/BMO) so just put the work in and you'll do fine!

  • Analyst 1 in IB-M&A
Jun 19, 2021 - 8:53am

You fucked up, but yes you should definitely try to transfer. If you can't, then check out the hundreds of other threads posted by nontargets freaking out over recruiting 

  • Incoming Analyst in IB-M&A
Jun 19, 2021 - 12:53pm

I go to BC and already know like 10+ people including myself that got offers at top BB's (GS/JPM/MS) that are a mix of non diversity and diversity. Just network and do well in classes and you'll be fine. If you want top EB's that probably a different story but we place well for BB's in nyc

Jun 19, 2021 - 1:16pm

Oh wow. I looked through linkedin and it was alot of females getting top positions. I'm not trying to bash diversity but I just came to the conclusion that they dont take white males.

What are some clubs/leadership programs you recommend to join that have strong placement? 

By any chance could you PM me?

  • Incoming Analyst in IB-M&A
Jun 19, 2021 - 1:38pm

yeah I wouldn't draw conclusions based off a quick linkedin search. As for clubs/ leadership just join clubs you are genuinely interested in. (of course there is the investment banking association and investment club, etc. but I was not active in either of these and still got a top BB offer) Try and make the most of it and get good internships for sophomore summer. Are you in CSOM?  people do transfer out of BC although more so for fit problems than furthering their IB dreams lol. 

Jun 19, 2021 - 9:07pm

You'll be fine. At BC you've got to put a little more effort than someone at ND or someone at the likes of Michigan or Northwestern or Duke but you'll still have ample opportunity as long as you put in the work. BC isn't a total non-target in the sense that there are actually a fair amount of BC alum on the street and it's actually a pretty good name academically so you're not really on your back foot unless you take a very lax approach to recruiting.

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Jun 19, 2021 - 9:29pm

Of course. Things like proactively preparing for banking interviews via publicly available resources and working towards a good general understanding of the industry and how banks/groups are structured (basically things you don't need a ton of guidance for) are much appreciated when I'm paired up with a mentee. That's not to say that hasn't been the case before given some of the folks i've mentored have been from backgrounds which didn't expose them to banking (as my background didn't) so in those situations it's a lot more work but the kids who are determined after learning what they have to do tend to be total killers.

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Jun 19, 2021 - 9:30pm

You should never go to a school just because it is a "target" school, especially if you feel it is not a good fit. You may not like banking and then your college years will be miserable. My advice is to network. Like I said before, Boston has a great finance scene so there will be a lot of opportunity in your backyard. Get awesome at the technicals, such as accounting, finance, financial modeling, excel, powerpoint, word and some secretarial skills. Do informational interviews. Have good back up plans that are similar to banking such as Big 4 consulting, Big 4 Audit to TAS, FP&A to corp dev route, good quality middle and back office jobs. I have scene people move from middle office to front office roles such as Debt Capital Markets, Sales and Trading, Equity Research and so one. Get the best GPA you possibly can with out sacrificing networking extra curricular activities. You don't want to burn out before you are an analyst. Good Luck. 

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Jun 19, 2021 - 9:52pm

Well, I'm not sure if I'm going to transfer, but why wont you seize the opportunity to go somewhere better and have more options? I was waitlisted to Wharton, Dyson, and brown, and maybe I want to shoot again to see if I can go to these places.

Jun 19, 2021 - 10:25pm

BC does very well in recruiting for investment banking analyst roles. I don't think Brown is a target school. Not all top schools are target schools. I am not sure how Cornell is. Being at a target school does not mean you won't have to put in the work and avoid networking. There are plenty of target kids who do not get offers by the time they graduated, even when they did everything right. Being that BC also has an accounting program, you can use the big 4 route to get into banking. If you are really miserable, then transfer but don't transfer just because of prestige. It entry point could be just as hard. Please do your research before you transfer. Focus on networking. This is a relationship business. Develop these skills early.  

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  • Analyst 2 in IB - Cov
Jun 30, 2021 - 9:32pm

Dude you are going to be fine. The people who obsess over getting a PJT offer over working at Barclays are on average probably much more unhappy with their life than the college student who lands a BB offer and manages to have a great time. Fixating on prestige is a hollow hollow pursuit. 

  • Prospect in IB - CB
Jul 27, 2021 - 12:35pm

Based on purely finance positions, yes, going to ND would have been better than BC.

Its not the end of the world however, BC is still a semitarget and you have yet to take a finance class, so hold off on all that IB stuff since you might not even consider it a year from now. If IB is still your main goal 3 or so months from now, then it would probably be better to try to transfer, but you are in a tough spot.

Since your school is a semi-target, you could technically break in as long as you work hard and reach top of your class, but it would be a lot more harder than at ND or other targets. However, if you try to transfer and end up with schools similar to BC or only slightly above, it wouldn't be worth it to transfer, and even schools that are better would put you at a disadvantage since you have to remake connections and start from sophomore year. In addition, the work and effort to write essays and improve your application would take a lot of time away from networking and studying at BC, so unless you're totally committed to leaving, I'm not sure I would recommend it to you.

  • Prospect in IB - CB
Jul 28, 2021 - 2:18am

Top student = 3.85+ GPA; high level internships sophomore+junior year; leadership/large involvement in finance clubs. Not sure how the grade inflation/deflation works at BC so it might vary though, just aim for around summa/magna cum laude. Wont give you the same opportunities as top students at targets, but I reckon the competition would be less fierce at BC so being a top student there might be easier.

Duke might be worth it simply because they have no business school, whereas in Cornell you will always be overshadowed by Dyson kids. But if you already applied to Cornell and Duke and got rejected, there's little chance for them to accept you now. Consider risk+reward, so if you already applied to most target schools and got rejected, you should just move on and make the best of what you can at BC.

Aug 4, 2021 - 1:45pm

Don't go to ND so can't speak from first hand experience, but obviously it has a good rep and places well, but BC places a bunch of kids at BB/EB every year. 

BC has analysts at most of the top BB/EB, as well as most MM and a lot of smaller boutiques, thought there is definitely a larger presence at a few of the firms. Has a huge presence at mid-tier BB like Citi/Barc as well as lower tier BB like UBS/DB /RBC(if you count it), with all of them taking 4+ SA a year. GS has also bumped up its BC presence the past couple of years and gave 5 SA offers before their apps officially opened for 2022. Might have some trouble at other BB (JPM/MS/CS), but can land an offer if you network well, just not as many alumni at those firms. 

Most EB won't look down on you for going to BC, and plenty take at least 1 BC kid a year (EVR/MOE/LAZ/PWP).Other boutiques/MM firms recruit as well and have alumni (JEF/Blair etc.), so thee a tons of options. There are also a bunch of Boston based boutiques that take BC kids every year if you are more interested in a smaller boutique experience. 

I would say definitely try to get into IBA as it helps with some closed networking sessions, interview prep, and can help land you interviews easier than non-IBA BC kids. That being said, I know plenty of non-IBA kids who got offers at BB without much trouble. 

If you go to BC and want to do IB, you will be able to as long as you keep GPA up, network, and don't botch the interview.

  • Analyst 1 in IB-M&A
Aug 4, 2021 - 1:48pm

This hit the nail on the head, except we don't send one minimum to EVR/MOE/LAZ/PWP per year, more like ~2 PWP and 2 between all other EB's

  • Prospect in IB - CB
Aug 9, 2021 - 1:17am

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  • Prospect in IB - Gen
Aug 16, 2021 - 10:25am

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