Hey guys, does anyone know of any banks that are more willing to take on non-target finance majors as summer analysts? I have been building a decent network, but with limited alumni, my networking is mostly cold emails and LinkedIn connections. I've gotten some positive feedback and had my resume passed on to HR at a couple of Boutique/MM banks that recruit in January, but I am hoping to find out if anyone has ideas of where else to apply/network.
Thanks in advance for the help and any advice for a non-target athlete you care to pass along is appreciated.
The three Bs. Barclays, Blair, Baird all hire lots of athletes.
I have heard a bit about Barclay's being a bit less exclusive than other BBs, but I did not know Blair and Baird were as well. Thanks for the advice.
UBS seems to have a good amount of former athletes from my experience. Not sure if that is coincidental or if they favor athletes in the recruiting process
I actually had a teammate just accept a FT job in Lev Fin at UBS.
As a non-target, your best bet is to cast a wide net. Don't bother searching precisely which firms are more receptive. Network & apply everywhere. It's a numbers game.
That's been my approach so far. Thanks for the tip.
There's a group at Gugg that's all athletes.
Attack_Chihuahua Do you happen to know which group it is? Thanks.
.
Keep in mind Gugg is generalist for the first few months of FT.
Sorry to ask about this. I'm knew on this forum and I don't know how things really work but I would appreciate it if somebody could help me out with my question. If you go on my profile you should be able to find it. Thanks
The national bank of Manhattan
There are groups at certain banks that tend to hire more non-target kids than others. Try and search through LinkedIn to find these groups or at least just find as many banker from a non-target as possible. They are more likely to respond to your emails because they understand the grind.
For example I just searched "investment banking" "state" on LinkedIn and the first three results are bankers that graduated from Iowa State, Ohio State and Michigan State.
@boulders729" Just tried doing this myself and found some good results. Thanks for the tip.
Don't be afraid to consider working at elite boutiques, and smaller shops. People are snobs and look down on smaller shops. Honestly, you'll get more responsibility and experience early on in your career at places like these. Surprisingly Elite boutiques also pay around 10% more on average than some BBs.
@Keyser Söze 123" Good point. I certainly would not be opposed to working at an EB.
I have wondered if the career track would be smoother at an EB than a BB for someone coming from a non-target since there are so many more analysts at a BB it might be easy to get passed over. Of course, I've never worked at a BB so I could be wrong.
As a non target student, which types of banks should I apply to in order to increase my chances of getting a internship? (Originally Posted: 09/16/2017)
I'm From the university of Maryland college park, I wanted to learn more about Investment banking And wanted to get a internship as a summer analyst in IB. What types of banks should i be applying to in order to increase my chances at Getting a SA IB internship? Should I apply to boutique banks, MM banks?
The best way to increase your chances is to apply to as many banks as possible. Just because it seems like it is impossible to land an interview with a BB doesn't mean you shouldn't at least put yourself in the running. Depending on how strong your resume is, you may be able to squeeze by with a few chances at large banks. (coming from a nont-target who has gotten first rounds with JPM and Goldman with no networking). Good luck!
thank you. if getting a internship at IB doesn't work out do you recommend trying to get a internship at a pwm or Asset Management?
All of them. Casting a wide net is key.
Agreed with what other people said, also apply to BB regional offices, you might have a better chance
how do I search for them? do i just search up boutique banks regional offices on google maps?
If your school has an alumni network, you should get on that and compile a list of people who work at MM, BB, boutique firms then send out your 30 second pitch on your finance story, asking for internship opportunities there. Send it to as many people as possible, low hit rate doesn't matter because you just need 1 internship. Also try branching out to AM, S&T, not just IB. Not sure if you have investing experience but if you're trying to "learn about IB" through an internship I'm gonna go with not much. Better off landing an easier gig in AM and building on that experience for later years.
so the best route is AM and PWM? have any tips to find these internships online? especially the local ones?
You can definitely land at a BB, I networked pretty hard and have had interviews w/ BAML, JPM, etc. I'd definitely suggest applying to smaller shops too though. Kinda like someone else here posted, apply all over the place. Make sure you network with someone at every place you apply to though.
Boutique Firms for the NON TARGET (Originally Posted: 08/21/2010)
There are alot of "non target" threads on the forums but not many advice or answers. Yes, I want to strive for the top and work for a BB but what are some realistic internship opportunities for a non target student and what are some firms that are less "target" based.
Check out the networking ninja package on mergers & inquisitions.
Non target school looking for boutique/mm firms (Originally Posted: 08/17/2012)
Would appreciate any feedback on my resume planning on applying to firms in london not nyc.
http://www.razume.com/documents/27028
Many thanks kev~
too much white space/spacing IMO also expand on bullet points, they all seem very short
Take out references at the bottom. They know you'll have them upon request. Modern resumes omit this.
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