Does GPA matter as much for FT recruiting?

Had a pretty rough semester and my GPA will probably be below a 3.3 by the end of the end year. Already locked in a SA gig at a strong MM for this upcoming summer. Looking to try and latter into a EB or BB for FT and was wondering if GPA still plays a huge role even though I already did a SA at a reputable bank. Am I screwed?

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Comments (18)

Nov 26, 2017

In the eyes of potential employers, yes - your GPA is a huge marker of your professional ability. If you're unable to land good grades in courses when you have nothing else going on (save for health/extenuating situations), how will they know that you're able to do mind numbing work in 90+ hour weeks.

Congrats on the top MM offer. It's a great accomplishment, but you don't even know if you'll love/hate it there. Might be better to experience that and then gauge if it's worth transitioning to EB/BB. Network/etc so the doors are open, but if you secure a FT offer at this top MM shop, then you won't need to worry as much about your GPA. FT recruitment takes place one year from now for you, so you have the rest of this semester plus the spring to get your GPA back on track if that's truly what you're looking to do. Try to push at least a 3.5+ and your shots will be that much better for FT recruitment. FYI, it's much, much more competitive/tougher, especially at EBs, because the majority of banks (BB/EB/MM) look to take a huge % of their SA class, so you're competing for scraps of scraps.

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Nov 26, 2017

@southern_beta, congratulations on your offer. GPA matters very much for FT and will continue mattering past that if you decide to leave to PE, corp dev, or something else. That being said, enjoy your summer and don't worry about trading up come FT recruiting. You're in a good spot.

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Nov 26, 2017

Coincidentally enough I also have a 3.3 and will be working at a MM bank this summer. I know that a lot of PE firms care a lot about GPA even after your two years in IB but how important is GPA for corporate development (esp companies that aren't like Google, Facebook, Snapchat etc)

Nov 26, 2017

PEGs use GPA to eliminate candidates just like IBs do because of the massive size of the applicant pool. For corp dev positions, the applicant pool is a lot smaller, so the amount of weeding out is also smaller. If you get some solid experience at this MM and can talk about your deals at great length, I do not think a 3.3 would eliminate you, at least not like it might in PE recruiting. I had a 3.6, so my corp dev interviews never touched on my GPA, but what they really cared about was my work experience in IB.

I hope that helps. I'm happy to elaborate more.

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Nov 26, 2017

Serenity1697, sorry about the lack of response. Maybe one of these topics will help:

  • How much does GPA matter after first job in real estate? How much does undergrad GPA matter after your first job if you are trying to transition to ... real estate? Also, do MM REPE firms still care about undergrad GPA after you've been working for ... a CBRE/Eastdil investment sales analyst position in a major market after 1-2 years of relevant work experience in ...
  • How much does GPA matter once it is above 3.5 for OCR? a more modern perspective on GPA. Once your GPA is higher than a 3.5 (the cutoff), how important is it in ... higher GPA, but generally how significant is GPA in terms of making a decision if you have one person ... or who networked more? I always heard that GPA was more of a checkbox in that as long as you have ...
  • Does GPA matter for Private Equity? at a BB bank full-time after interning there this past summer. I was wondering how much GPA matters ... matter nearly as much as deal experience and recommendations and the like? to Monday, November 27, 2017- ... between say a 3.5 vs 3.6 vs a 3.7 GPA? Or has enough time elapsed since school that GPA doesn't ...
  • How much does major GPA matter versus cumulative GPA? Hello, I am a rising junior at a non target university (Pace university). I did really poorly ... I transferred out) but have since gotten nothing but A's. I currently have a cumulative GPA of 3.3 and will ... probably have a GPA of 3.5-3.6 by graduation. I've gotten nothing but As in my business and finance ...
  • Big 4....How Much Does Location Matter like audit after a couple years? ...
  • How Much Does Being "Likeable"/"Fun To Hang Out With" Matter for Getting Jobs? common or if this is a very rare situation. How much does just being fun to work with play into the grand ... recently, I was talking to some family friends and discussed how I want to get into banking, but that ... (3.3 GPA from non-targets with generic ECs, etc.) but are working for good banks because they're ...
  • how much does undergrad matter for transition from IB analyst to PE analyst? i remember hearing that GPA matters, but does the school matter as much assuming good group or ...
  • More suggestions...

If we're lucky, the following users may have something to say: @joycewsj @George87 @Sameer-Babar

I hope those threads give you a bit more insight.

Nov 26, 2017

It probably won't matter much for FT recruiting, but your GPA follows you. It will rear its head when you recruit for your second job and then again when you apply for bschool. So, depsite the incremental pain, you should try to continue to do well.

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Nov 26, 2017

My gut says no. FT recruiting is very similar to SA recruiting. They might weigh work experience slightly more, but GPA is still a big factor

Nov 26, 2017

FT recruiting is very different than SA recruiting. It is a lot harder and there are more people competing for 95% less spots since most FT spots are taken by summers these days. You have to step your game up for FT recruiting.

Nov 26, 2017

I was talking about what factors are considered when screening resumes. Yes there are much fewer spots, but its very similar with regard to how they screen resumes.

Nov 26, 2017

Matters less now that you one more "legit" internship experience to add. That said, a bad GPA is still a bad GPA and will close some doors.

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Nov 26, 2017

It still matters a shit ton.

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Nov 26, 2017

Considering state of FT ibd recruiting nowadays, your summer internship experience (most likely at a BB or EB) + networking should be the only factors relevant in getting you the interviews anyways. I don't think gpa would be a big factor at all.

Nov 26, 2017

I would think GPA is an important signaling tool for full time recruiting, because they don't really have any performance to base your offer on, and most offers are based on how interns perform in the role. There are also so few spots. If your GPA didn't get you first rounds for internship applications, those firms probably won't invite you back for full time recruiting.

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Nov 26, 2017

FT recruiting nowadays is incredibly small compared to the "old days" (2011-2012?). In my experience the only good banks I received interviews at, with one exception, were places I already had a lot of contacts who I had kept in contact with.

I would guess that GPA matters about the same or maybe marginally less for someone working at BB / EB as SA looking for a FT switch. I don't expect they would throw it out the window.

Nov 26, 2017

If you already have contacts why would GPA be a factor since you pass the HR screen, or are you talking about the GPA being a factor in the later rounds of the interview?

Nov 26, 2017

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