I go to a California State University Northridge. I have a friend who works at a boutique bank in Thailand and another friend who works a for PE firm. I know i can get secure an internship from either friend. So assume if I land an internship at either places would that even be enough to break into Ibanking? My gpa is 3.5
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What year are you? Transfer out if possible.
Otherwise you're going to have to network.
Maybe also consider getting an MSF.
Probably not. I'd transfer out, or network your ass off. Keep in mind though, IBanking isn't the end all be all.
You've got to give people a lot more info than that. Extracurricular activities (clubs, startups, nonprofits), your major, year in school, where do you want to end up after IB, etc. Coming out of CSU, youre going to have a shitload of trouble (you get to compete with USC, UCLA, Berkeley just to name a few), but that doesn't mean you can't get a job. You just have to be perfect. If you can get the PE internship, go for it. It's probably the best internship opportunity you can get (seeing as you didn't list any others except in Thailand). Who knows, maybe they'll love you and offer you a PE internship out of undergrad. Don't hold your breath though.
I'd post some more info about your situation. I'd also post where you want to be 5-10 years down the road. If you want to be a banker for life, you don't have to start out as a banker, there are other ways to get there. Same with just about every career and job
wow thanks for the quick response guys. so my major is finance , i am in the student finance club, i haven't been too active. I am working on creating a SIFE team here at csun (currently non existent) it is a international case study competition and I am in a officer position in a professional fraternity and i also work at some dead end part time jobs to pay the bills. That is about it for extra curriculars, are there any extracurriculars that I should look into that would help? I will be a JR. next fall transferring and out isn't really an option I can't really afford to pay more than what I am paying at my current school. I also made a mistake about the place my friend works at it is not a PE firm but it is a consulting firm that has a MA advisory and PE advisory division and the place my thailand friend works at is either a boutique or middle market ib firm.
This is factual inaccurate, you could transfer if you really wanted to. Still, that route would be a risk and so is this one. I still wish you good luck, but your quick-jumping to conclude your options are so easily exhausted troubles me.
thanks! what makes you conclude that I think I exhausted all my options ?
Let's put it this way: if you can transfer to a UC school, then do it. That means if you can get the loans, borrow from family, get an extra job, save extra over the summer, whatever. This is probably the most important thing for you if you want to get into banking. Of course when you transfer, youll have no time to dick around. Youll have to pull off top grades, get involved immediately, and start taking advantage of the system right away. This isn't something to take lightly though, it is a lot of money.
As for extracurriculars, as long as you find something you like doing, do something with it, and get a leadership position doing it, than it looks good. They want motivated people. I'm not saying start a bakery (though that would actually be pretty cool), but find something that excites you and go after it. The SIFE thing sounds interesting, just make sure you actually do something with it, do something to grow it, and have something to talk about in interviews.
Thank you for your advice D M !
what makes you conclude that I think my options are exhausted ?
You aren't screwed, I'm not gonna sell you on a pie in the sky Goldman Sachs ibd option. However you need to get internships at local boutiques. Use the company profiles on this fourm to find ones that are close to you. You need to get your gpa up as high as possible and have a great story. Networking is key, call the associates and ask for informational interviews get to know them, they can help you hop over some HR screening.
Hope this helps and best of luck. I came from a similar situation and now I'm at a HF.
Thanks heister!, I would love to hear about your situation and how you broke into HF, if you have the time.
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