Am I too Late?

New to this forum. I am a sophomore at a non- target majoring in Finance and minoring in Econ. (3.6 GPA atm but will go up to a 3.7 after this semester)

After not knowing what to do after college, I decided I want to seriously pursue IB. I recently learned how everything in terms or SA 2022 recruiting works and see that it has started a while ago. I haven't networked with anyone and don't have anything lined up for this summer.

If I start to network now, study my technicals , and potentially find something for this summer (most likely unpaid) do I still have a chance of breaking in or should I pursue another industry? Thx

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Comments (10)

Apr 25, 2021 - 10:44am

To be honest... maybe. It depends on how hard you work, how lucky you are with your connections, and what your goals are. At this point in the process, you need to be willing to cast a wide net, especially coming from a non-target with a less than excellent GPA (don't get me wrong, it's better than a 3.4 but it isn't a 3.8 either). If you are able to communicate your drive for the industry, truly learn (and understand!) technicals, and devote a lot of your time to recruiting, there's a solid chance you'll land something for 2022. There are a lot of banks that are still taking apps, and some that haven't even started yet. At the same time, if you don't get something for next summer, there's always full-time recruiting as well.

TL;DR - If you really want to be in this field, you have a chance, and you'll do whatever you can to make it happen... and that includes grinding thru the boring parts and working your ass off (while dealing with finals too). As far as finding something for this summer, it will not be IB but it doesn't matter in the large scheme of things. Good luck.

Apr 25, 2021 - 9:51pm

Hi, Im in a similar situation - would your advice change with my profile? I go to a target but have a much lower GPA (3.3). Ive been holding off on SA2022 applications because I will have a 3.5 in about a month and a half but it looks like the higher GPA just might be too late for most applications.

Most Helpful
Apr 26, 2021 - 9:51am

I'm not really sure. Obviously, in some cases, targets have more flexibility, especially with good work experience and involvement, etc. People have gotten offers with lower GPA's. But a lot of firms have 3.5 as an unspoken minimum. Definitely still try for firms whose apps will close within a month and a half, and when your GPA goes up, apply to the rest. If you're at a target, you can likely network with a higher success rate, and who knows? Maybe you get a referral. And from that point on, you could nail the interviews, leave a good impression and the low GPA is just a fluke. It's been done before - thru merit and/or daddy's contacts, either way gets the job done lol. Give it a shot.

PS why am I getting hit with MS lmao

Apr 26, 2021 - 6:39am

Yes you are too late. 

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---> leave for KKR after 1.5 yr max

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---> Get early inheritance and start hedge fund

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Apr 26, 2021 - 9:48am

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