I think it is important. I mean, they won't dinge you because you have no activities, but having one is a plus. One of my friend got interviewed in the first place just because he was played fencing during the London Olympics. Besides, some of the activities sometimes gives an idea of the type of person you are.

 
Best Response

Get involved in your local League of Legends / DOTA community.

LOLOLJK. Being a likable person is the most important thing. But its about who you are overall. Some have good grades, some don't. Some have extracurriculars, some don't. But everyone who breaks in has at least one highlight on their resume that is not shared by everyone.

 

It's certainly a plus if you have them. Basically, having looked at many LinkedIn profiles of newly hired analysts at GS and MS (London), most of them have been involved in interesting ECs since high school. If you are still in HS, like I am, you will be best off following their example.

 

It only helps rather than hurts. Although I have no real experience in IB (yet) I feel like it serves as a good talking point during an interview if the interviewer participated in the same activity. If you do multiple extracurriculars and have a high GPA that may show the person that is interviewing you that you have good time management skills and can succeed at the highest level even when busy.

 

Unless you've won some legit competitions and/or prize money, then no. Becoming an "expert" by playing against 12yos while in your mom's basement will only make you look like a goon.

I've profited low 5-figures in daily fantasy, mid 5-figures back when online poker was technically legal, and I still play live poker for decent stakes and track all of my sessions. In my one interview I spoke to all these things and the guy was impressed. Even if it's not their cup of tea, people tend to respect activities like this when you have real skin in the game. E-gaming with nothing on the line and nothing to show for your time input will simply look sad to most people.

 

ECs are like the icing on the cake. They are also good topics of conversation in the interview.

With that being said, if you have low stats, ECs seldom provide the boost needed to get there.

But, there are exceptions. If you meet an interviewer who is big into football and you're the captain at a major school, you could be sitting in a good place even with a 3.0 GPA.

My friend played soccer for Columbia U, had a 2.8 GPA, and met an interviewer in London for Deutsche Bank. Interviewer was soccer FANATIC, and he was hired on the spot for a position in Hong Kong, then Singapore. He's a VP there now.

"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
 
Argonaut:
Comp banker, thanks. Do you know more about your friend's story? (and are you comfortable sharing)
I do. I thought I gave all the salient details though. You're not allowed to copy my friend's idea. Get yer own!
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Wait until your parents leave on vacation. When they're gone, hire a prostitute. Over the course of the next week, develop a relationship with her, culminating in a party to help all your high school friends lose their virginity for a small fee. Outsmart said prostitute's pimp. Invite admissions reps from Princeton, they'll love it and appreciate your go-get-'em attitude and offer you admission to their school. I have faith in you, Argonaut

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Denver Monkeyannabe:
Wait until your parents leave on vacation. When they're gone, hire a prostitute. Over the course of the next week, develop a relationship with her, culminating in a party to help all your high school friends lose their virginity for a small fee. Outsmart said prostitute's pimp. Invite admissions reps from Princeton, they'll love it and appreciate your go-get-'em attitude and offer you admission to their school. I have faith in you, Argonaut

Why would I wait for my parents to leave? If I'm going to be getting a hooker for my HS friends, the least I could do for my parents is get them one too. After all they raised me.

More is good, all is better
 

That's a very good point, I don't know your parents, but I'll leave that up to your good judgment ;)

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Besides, your example would be good for undergrad or something. I'm planning to apply for MBA, I would probably need to do something like mastermind a hostile takeover of pimps business and build my pimping empire in the area. Ripping off a hooker - you are thinking too small lol

More is good, all is better
 

OR, go one step further and throw in an illegal weapons smuggling business in eastern Europe

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Networking is overrated. Yes, extracurriculars can outweigh GPA easily. Work experience matters more than GPA as well. I'm just speaking from personal experience based on the # of interviews I got despite my high GPA (a lot of people got more interviews with a lower GPA since I had weak experiences on my resume at the time).

A 3.1, however, is really low and may be under the cutoff GPA of many banks.

 

Most banks have an explicit (or sometimes implicit) cut-off of at least 3.20 or 3.25. You should try to get a couple of A's to at least beat that bar...

If 3.25 isn't possible to attain, network your ass off to ensure you have some big-hitters at the bank really going to bat for you (i.e. literally e-mailing HR directly to put your name on the closed-lists for interviews at your Target school).

Leverage your frat and sports connections if you have to. If you play for the Yale's hockey team, make you sure find Yale alumni who used to play hockey and are now MDs at BBs.

 

Yeah you're going to have to take easy classes and kill them next semester to get your GPA at a level where it won't be taken out by a cutoff of 3.2 or 3.3. I remember even 3.5 being the cutoff for some internships...

 

Def try to position yourself for S&T because I-Banking is nerd central and you will need a high GPA to meet cutoff, while S&T is more "jocky."

hopefully you can network your way around this. Sports is a great topic of conversation in interviews/cold calls (and business in general) and sports alumni love helping out ambitious kids on the team. You can also spin it in interviews to say you have learned so much about teamwork, leadership, hard work (except in class i guess), failure, challenges, etc.

recruiters love athletes, espc for S&T, however I suspect that lots of athletes at Ivy's have pretty good grades.

 

I had a similar GPA and my past work experience + ECs were enough to get me plenty of interviews. Once I was at the interviews, my GPA didn't matter and I had no problems getting a SA or FT position. The place I chose for full-time had a GPA cutoff of 3.4...I wasn't near that.

Polish your resume, network (athlete network at a top school should be great), and work on your interviewing skills. Being an athlete is going to be a huge differentiating factor. You will do great come recruiting.

 

personally i didnt have the strongest GPA either but had really strong internship experiences throughout my 4 years of school. What I did was just not list my GPA on my resume period. Obviously in doing this you run the risk of people just assuming you don't have a strong GPA but many times if you have really strong work experience they might just give you a shot. This honestly worked great for me and I ended up landing 20+ interviews during on campus recruiting which culminated in 4 offers. During the interviews they get to see how eloquent and smart you are and half the time they didn't even ask me for my GPA. In some of the interviews they asked me why I didn't list my GPA and what my GPA was, in these cases I spun it in the following way...I would say that first of all I would want to work for a company that evaluated their candidates holistically and not just based on a single number as other characteristics are more indicate of future success and then I would tell them my GPA. Again in a lot of these cases they would ask why it was low and I would tell them the truth that I spent most of my freshman year partying, etc. but then caveated it by saying that even if I did have a strong GPA (which i had a good major GPA and great junior year one) that I would still not list it given the first point I brought up...it was hit or miss sometimes they saw right through the bullshit other times they moved me to final rounds based on how well the interview went, etc. 2 of the offers I had came from situations like this while 2 offers came from situations where they never even asked for my GPA.

So to answer your question I think it's definitely possible to overcome a bad GPA with great work experience & ECs...that said I personally would suggest going with my approach as it may allow you to get some interviews with firms that have stricter cut offs just based on what you've done for work experience and ECs. It can be risky but like I said in my case it worked out...I may be an exception but it may not hurt to try this approach.

 

from what i've noticed, alumni association from MBA profiles, alumni association involvement is looked upon very favorably by adcoms, especially if you have a leadership role.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?
 

No, you need to rebuild your understanding of the role extra curricular activities plays on your cv and job application. It is not about the president title, it is about the work you have done in school beside the academic ones to show your other strength. Being a president does not hurt, but that's not too important. Join some club in the area which is not much related to your major, courses, to make yourself a more all-around candidate.

"I already know I'm going to Hell. So, at this point it's go big or go home"
 

no no thats not what i meant.. i know that doing research will help me a lot cause i will learn a lot...I was wondering which one which look better for getting a job next year..

 

I have zero extra-curricular activities and had no problems getting interviews (and ultimately a FT offer). That said, I had (in my opinion) better work experience than most of the competition at my school. In my case, I think my work experience helped fill the extra-curricular void.

 

Laborum voluptatem et dolorem autem. Provident laborum incidunt aperiam voluptas. Aut nam voluptatum nostrum omnis. Nobis mollitia id veritatis sed eos voluptas.

Quia asperiores voluptas eos aliquid ea. Enim provident tempora voluptatem itaque voluptatum blanditiis. Cupiditate ex dignissimos adipisci est hic ducimus quibusdam. Facilis assumenda ea officiis fugit sed sed nobis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”