Athletes in Banking

Thank God it's Friday... I hope everyone is doing well. 


Recently I've been wondering if (former) college athletes have a disadvantage in their application/interview process due to lower GPAs? In other words, does the amount of time required for a college sport compensate for a lower GPA (3.2) while trying to land a spot at a BB?


Thanks in advance.

 

NESCAC athlete here - like 70% of alums I network with are all former NESCAC athletes themselves lol. Massive leg up

 

I think there's leniency as long as it's a notable D1 program if the academic stats are weak. 

My mentor (2nd year student assigned to mentor 1st years through recruiting) at our mba target school played football at D1...but hmm might also be skewed with the fact that he's played for an NFL team 1 season...likely had peers that beat him out in academic stats but hey he got a BB FT offer in NYC.  

 

A job application isn’t just a gpa. Yes, there are general standards/thresholds, but put yourself in the shoes of the firms hiring. What are they looking for?

Well they want people who are smart enough, they want people who have determination and work ethic, they want people they can actually stand and will work well with the team, people that will put up with hard work situations (long hours, stressful turnaround times, etc) and be able to maintain their composure. Athletes meet a lot of this. 
 

In general they look for people to standout, GPA is one measure, but that’s also because most people don’t have other extremes or high level accomplishments that help prove out their case (the accomplishments many times is being at this top school). So it isn’t just athletes, it is anyone who has a high level commitment and has performed extremely well. 
 

Layer on top of that the network (both that they bring, but more importantly that they have for getting a job) and you have a pretty good setup. 
 

So yes, like with any other application, having accomplishments that help reinforce that you can do the job will help and the overall balance of that with other metrics (like GPA) will be what determines if you get the interview. After that it is just usual interview stuff. 

 

At least at HYP, athletes have an enormous advantage especially at BBs. Obviously smart enough & team experience = they pretty much have the things you need to succeed in IB, usually just without technicals perfection which can be learned on the job. In fact, there's at least 2 BBs that have a very specific relationship with my HYP's sports teams

 

Can confirm it does, but not if you’re reaching too far in terms of a 3.0 vs a 3.4. I played a non-revenue sport for a D1 mid major no-name non-target. Managed to get interviews and offers from numerous MM banks and boutique firms. Every interview had a large portion of discussion revolving around my time as a student-athlete, as well as their interest in recruiting them for their groups/firm. But main thing is to have a relatively competitive GPA or else you won’t get in the door regardless (unless you are a top NCAA player who the MD watches on TV with his second wife).

 

Can’t speak to BBs. May be more structured there since they will have definite cutoffs. Could be wrong.

I’d have to say that it depends for MMs vs boutiques. Less structured for boutiques normally so could help in a major way if they are very focused on student-athletes at the firm. For my boutique, our MDs were group heads at MMs, so they follow the normal cutoffs and requirements as their previous banks, but are more “forgiving” if you were a student athlete and maybe had a 3.3 vs a 3.8 non-athlete. High GPA doesn’t always equal a better candidate than a lower GPA, nor does student athlete vs non student athlete.

Also could be group by group more or less important vs GPA since the large the bank/firm, the more structured their recruiting and cut-offs would be. Just imo.

 

Very interested in talking with you privately. I played at a D1, non-target, NCAA top 25 ranked, mid-major school myself (3.8 GPA/Finance), fortunate enough to get drafted and play professionally for a few years. I'm 2 years removed from undergrad and am looking to get into IB. I am grateful for any help/advice. PM me, if possible.

 

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