Breaking into IBD from PSU without getting into the Nittany Lion Fund?

Hello Everyone,

I've been lurking here for a few months and finally decided to type this up. Also, sorry if this isn't the right spot to post this.

Assuming everything continues going in the direction it currently is, I will be transferring into Penn State next fall as a Junior. I'll be a Smeal Finance student and I do plan on joining the Penn State Investment Association, but after reading some other posts on here it sounds like the Nittany Lion Fund will not allow students to interview for a position on the fund as a Junior.

I hear that Penn State is at BEST a semi-target but more of a non-target if the applicant is not on the Nittany Lion Fund. I have read on different posts that it is extremely difficult and competitive to land a spot in IB in NYC as a Penn State student not on the Nittany Lion Fund.

I was wondering if there are any Penn State Alumni on here that would be willing to let me know if it is worth continuing with this transfer process assuming I am not able to interview for the Fund? Will I be at a significant disadvantage compared to other kids at Penn State since I am transferring in?

Also feel free to ask me to clear anything up regarding the transfer or my previous school history. I did not want this post to be too long-winded considering it is my first. Any advice or insight would be greatly appreciated!

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Comments (10)

Dec 31, 2017 - 12:11pm

My current school(think small local school) has absolutely no IB opportunities unfortunately. Our last "career fair" had a few local tech companies looking for Comp Sci majors and then just local Walmarts/grocery stores looking for cashiers(not kidding). So, I don't think I have a choice when it comes to staying here at my current school versus transferring out. I do have a 3.89 GPA here but again, the opportunities at Smeal are MUCH more plentiful than they are at my current school

I was thinking about doing 3 years at Main Campus PSU. I had to take 44 credits(14 extra) this year just to prove to Smeal that I truly wanted to transfer. So, transferring as a sophomore is not allowed. I may do the whole MS in Finance that I have been seeing on these threads just to stay an extra year so that I have an opportunity to do an internship.

My major issue is that recruiting for 2019 SA positions is so early. I will not even have a PSU Main Campus GPA by the time I am networking/sending my resume. I have basically come to realize that I have almost no shot at a BB since I am a non Nittany Lion Fund, transfer student. But, I will continue to network and work for it.

I am hoping that once I transfer I can at least join PSU Main's Investment Association and network with/learn from the guys and gals in the coveted Fund.

Sorry for the long reply, I am just really struggling with how to convey my current situation through this website. Thanks for the reply by the way I really appreciate it!

Jan 27, 2018 - 12:16am

I'd like to think that most alumni from a non target tend to have a pack mentality when it comes to helping students get into investment banking. I'd assume most alumni could care less if you were a member of one specific organization, and if anyone did press you in it just claim you hadn't yet discovered banking. Send out some cold emails and find out for yourself.

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Jan 27, 2018 - 12:43am

Yeah I agree with that thought. Although it does worry me that there might be a sort of "frat bro" type culture when it comes to networking with alumni. Like when talking on the phone or emailing if I mention that I wasn't in a particular club or group they may just kind of brush me off. Same theory as fraternity type stuff, "Not in the frat? Too bad I can't help you." Hadn't thought about shooting emails out to alumni and specifically asking for advice about recruiting without a specific fund, sounds like a good idea. Thanks!

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