Backup Plan?

As a student at a non-target, the idea of not being able to break into IB after college has certainly crossed my mind. Despite my high GPA and (I believe) above average networking skills, it's just a fact that the odds are not favorable. As a result, I was curious about potential backup plans and what kind of careers/industries would be appealing to a Finance major that couldn't break into IB.

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Comments (11)

Jun 14, 2019 - 10:32am

french foreign legion or ride the rails

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/
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Jun 14, 2019 - 11:17am

If you don't get into IB, you can always get into Corporate Finance, Consulting, or any other top tier job. Recruit for the local big city spot. IE if you're in OK, recruit for Dallas.

My school didn't have a ton of opportunities for IB or Consulting, but I found that the regional offices were much more open to recruiting someone from nearby.

Jun 14, 2019 - 12:51pm

Second this. I'd also add that once you have a position in your local city, you become a much "hotter commodity" to other firms/companies in the area. In the case of myself and people I know, we have had investment banks and other companies reach out to us about being strong fits for positions and asking us to come in and interview when they need off cycle hires. At least in my city, places tend to favor local candidates more for experienced hires. Just a thought. Could be useful if you wanted to lateral down the road.

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Jun 17, 2019 - 9:55pm

F500 finance departments, then M7 MBA, then back into the fray with IB

When life gives you kefir and flour, make some blins.
Jul 4, 2019 - 4:48pm
DG2:

Backup Plan?

Well, I carry an extra parachute with me everywhere. You never know when you're going to need it. People talk about having a backup plan all the time, but I only have one parachute. They don't have a parachute and I do. Think about it. I also am only on the 3rd floor, so the jump wouldn't really be high enough for the parachute to open and its too high to come out of the jump unscathed, but at least I had a backup plan, right?

I mean that's what having a backup plan is really about - hoping not ever to need to use it and then when you do it fails miserably, but fuck at least I had a plan.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Jul 4, 2019 - 6:01pm

Email as many small shops as you can..... use your "above average networking skills" to try and get a job at a small shop. cold email 100 firms and see what happens

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