Average GPA for top firms?
Yo so my GPA is not to high. Although i am only a freshman and have already obtained 2 internships. Does anyone have an idea of what average GPAs are for top firms.
Yo so my GPA is not to high. Although i am only a freshman and have already obtained 2 internships. Does anyone have an idea of what average GPAs are for top firms.
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3.95+ for PE/HF 3.8+ for Top 10/elite boutique/MBB 3.7+ for Top middle market (cowen, hlhz) 3.5+ for boutiques
(for non-targets. for target might be slightly lower)
Eagles, you're way off the mark... Where did you get these numbers?
i would say 3.7 is the average.
also remember - correlation is not causation. On average, the kids with better grades also have better internships and are more motivated, so if you had the same quality of experience, same work ethic, same leadership positions as an average 3.9 even though you have a 3.3 you're not looking too bad
eagle29, that is a bit exaggerated, esp for S&T...I would say 3.3-3.5+ at a target and 3.7+ for a non-target school.
3.3-3.5 at a target for S&T? hmm.... isn't it a bit too underestimated, either?
I have a few resume books from last summer that I gathered this info from. GPA is not the only thing evaluated, many people on this forum seem to think that not having a 3.8+ is the be all end all...it certainly is not
Note: I am referring to partcularly S&T, I am pretty sure the ranges are a bit higher for IBD
im sure evercore, greenhill average GPAs are at least 3.9, with 3.8s being the low end
ok? This is the trading train forum, therefore the GPAs for Evercore and Greenhill are irrelevant
izjunirxi - my mistake didn't see that before
Those GPA ranges are all way too high. I know several people in the 3.2-3.6 range. And yes, even at the top firms.
I am not sure. Nowadays, it is easy to get a 3.8 average in Finance if you work hard.
I definitely know a ton of people that have gotten jobs both in banking and S&T that have closer to 3.3-3.5 range, none of whom are finance majors. Hell, I even know a guy who has a 3.1 who got into GS/MS/JPM without any family connections or any of that. Being a varsity athlete or an attractive girl seems to help make up for a lower GPA.
dontmakemeshort -those are for banking, not S&T - sorry i didnt notice the S&T at the top. i think banking has higher GPAs because it emphasizes it more. also those are average numbers, not minimum numbers, so 50% at MBB might have lower than 3.8, etc
avg is my firm is 3.3-3.6 but from all majors
in general, not as high as you think (in S&T).
but their resumes usually have experiences that show they are extremely interested in the market.
S&T gpa's can vary from 3.0 to X. It really doesn't matter as much, like untilted says.
Banking is where GPA, experience, networking, etc all plays a bigger part.
I think whatever the average might be, it is going to be pretty high. You will always have someone in banking with a pretty low GPA, but they will be offset by 4.0's, etc. My gut says the average GPA is around a 3.7~.
Average GPA for Piper Jaffray ops is 3.1 (non-target b/c they recruit from those exclusively).
Does that answer your question?
There is no cutoff GPA.
However, to play it safe, a GPA over 3.5+ will be competitive wherever you go to school.
What? So SirBank if I go to a target do I have a chance of getting into PJC??????
My friends at my Ivy with 3.6+ don't get interviews with prior IB/HF experience; it seems minimum for interview is 3.8, average is around there too because interview skills are key after that. seriously, i know ill get flamed but at least from my experience GPA is THE most important thing on your resume, and you need it to be as high as possible for any BB and even for many MM firms (Jefferies, etc seemed to have cutoffs off 3.7 or so), barring varsity athlete
And out of the non-athletes top firms (any BB) took, they all had around 3.9s, athletes around 3.75
This is stupid. Kids with all kinds of GPAs get great jobs. While GPA certainly helps you get your foot in the door, what's more important is your experience, your personality, finance knowledge, and your ability to convey your strengths and qualities in an interview.
If you really want a reference point, I have a friend who worked for one of the "elite" boutiques mentioned in this thread, who had a 3.6, came from a non-target, and just recently accepted an offer for one of the largest and most prestigious hedge funds in the world (think Greenwich, CT). In contrast to the first poster, he did not have a 3.95 GPA.
there are always counterexamples for every rule; but the rule of thumb, at least for my ivy is 3.8+ for MS/GS/JP 3.7+ for boutique ibanks / MMs. just because someone won the lottery doesnt make it normal
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