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There’s always a chance it just requires persistent work and not giving up. I was also an Econ major at a non target in nyc. It took me 2 years after college to land an IB role. Right after college I took a $20 an hour job at an insurance firm, I hated life but I didn’t have any offers to banking or any FO roles and needed to feed myself. After about 6 months I quit and was unemployed for about another 6. I had plenty of BO opportunities but I refused to settle. Even close friends of mine at the time would of laugh and say FO ain’t happening, take what you can get. Dont listen to those people. I continued to network everyday. I would have at least 2-3 calls set up each day with people in trading or banking. I have some military service under my belt so it helped but anyone can do it too (the setting up calls). I applied to an MO role in prime brokerage and for the job. Nothing to do with the markets and I was just a processing support person. But no matter the job I made sure to do be the best on the team..show people you work hard and are good at everything you do. Those people and boss will be your reference when it’s time for that FO role. Again it sucked but I was in a BB and even though people told me moving from MO/BO was not going to happen, I was determined. Fast forward, I continued to network in and outside the firm. A year later after building genuine connections, someone took a chance on me and put me in front of a IB team looking for an analyst. When you get this shot, dont fuck it up. I got the offer. Basically what I’m trying to tell you by sharing some parts of my story is, its possible. Learn how to use your experience to make a good story as to why you will do well in what ever you want to do. How those skills will translate, continue to contact people and talk about sports, the weather, what ever you need to do in order to build connections. I would email people I spoke with once a month just to chat for a few emails back and forth. It’s not too late, you have some type of finance background and as long as you continue to hit the phones and send your resume out to everyone out there, someone will want to give you an opportunity, just dont blow it. You got this.

 

Can’t thank you enough for taking the time to write up this reply - definitely is encouraging to see others make it on non-traditional routes like mine. It is also great to hear about your story of persistence until you get the opportunity. I will make sure to keep networking, keep applying, and keep prepping so when the chance comes I don’t blow it!

Thanks for the help, best of luck to you.

 

I sb’d the above poster. For OP though, I would echo the above poster. WSO is great as a resource but the culture of “BB or bust” or “FO or bust” should have no place in your thinking. I came from a non-target in PA, with a double major in fin and acct and a GPA <3.5. I had no offer lined up during graduation, because I put all my eggs into one basket thinking that the firm I just spent half a year interning at would give me an offer to come back and join with options. That didn’t happen, and it was crunch time to get to the phones. This site will let you know a lot but the importance of networking is drastically undervalued and overshadowed here. I promise you 100% that I would not have gotten this far without my networking abilities, which is something that really can’t be taught on a forum. You have to have the will to pick up the phone and make a call to someone and make the case that they should take a chance on you. It’s much easier said than done, but it can be done. I had to take a retail sales role in a large AM shop, and left after I had no desire for staying after a year. I was unemployed for a year and then joined Big 4 which was surprisingly more fulfilling and closer to my end goal. (I in no way recommend people leave their jobs without another offer lined up, but I thought that I was in a hostile environment and needed to find better). I received several BO/MO invites to interview but was in no way interested in devaluing myself and diluting the progress for my cause. When I was at both of those firms, my networking continued full-speed, because there’s always a better opportunity that’s available it’s just about telling yourself that you should be in the running or on employers’ minds. Networking doesn’t mean, “Hi, I’m looking at opportunities at your firm and would like a referral”. You have to (or at least should) show genuine interest in the backgrounds of the person(s) time your consuming. Finding a mentor (I suggest mentorS) that’s willing to bat for you and willing to give you concrete advice and guidance is paramount. In time, after they get to know you and you them, introductions will come about to others who can help you as well. I came from a lower middle class background with no friends/family in finance period, so my networking is what was able to substitute for my lack of credentials. Now I’m at a tier 1 BB in a product group and wouldn’t have been made possible if I did not know how to network appropriately and effectively. Last I’d say is that for OP coming from a non-target, the odds are already stacked against you, so let networking be the drive that at least partly connects that bridge/gap.

 

You need to have a measurable goal in place so you are not wasting your valuable time trying to break into the industry when you could have joined X doing Y, (non finance) killing it and making great money in doing so. 

This is not to discourage you to be persistent in your effort to break in, but to encourage you to hedge your strategy so you are not at a total loss when you find yourself not making a progress towards your goal. 

 

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