So I've seen in posted multiple times in these forums that Engineering is one of the best majors if you want to become an IB analyst. Although this might be true for BB from targets, I think at boutiques and MM this isn't true.
I am an Engineering major (+ have a minor) from a semi target, and placement for the relevant majors from my school was pretty good this year. However, I either got denied interviews because of this or would get denied after interviewing. I asked some of the guys why I wasn't getting it and its almost always because of coursework.
I just got another rejection last week from a small firm. I made the final round, and thought I had a great chance of getting it. I followed up with one of the interviewers that I thought I made a great connection with (who was also who I'd be primarily working under) asking what about my background was bad. He said I was pretty good, but they just found someone better. I'd bet my nuts that the other guy was an acc/fin/business major.
I only realized I wanted to go into finance this year. Since I failed to get an SA spot, should I go the MSF route, or should I try to get whatever I can and lateral next year? And can I even get into top MSF/FE programs with a 3.6ish gpa and ~700 GMAT?
Can't comment on the last part, but I couldn't agree more on the first part. I've specifically heard MMs that recruit at my school say that an accounting major is essentially required because they don't want to have to teach you that stuff since they don't get a ton of art history majors they have to train, it's almost all UG Bschool grads.
offer to work for free maybe? or get an internship during the year
or take some modeling classes/check out tuck business program if you think you need relevant skills
What kind of engineer? Also, what other jobs have you held?
I'm an engineering grad. PM me if you need any advise, and I'll try my best to answer any qs.
What's your major? Here are a few general pointers I can think off the top of my head. I'll edit in more if I can think of any later.
Thanks for your responses; I should have clarified my situation a little better.
I'm an Aerospace E, and since I have a minor too, I don't really have the room for finance classes.
I have internship experiences in PWM, and corp fin already. That is why the only internships I want to take going forward are IBD because I feel like I need to show focused interest in it.
I guess a masters is almost necessary for me... but if I only get into something like Vanderbilt can I still get into good banks? From their website it seems like placement isnt that great
What financial engineering schools did you apply to ?
I'm going to be a senior next year, so I will apply then. My main problem with Financial Engineering is that I won't have the stats courses before I apply. Also, I don't want to go into S&T... I'd only be doing them to try to use it to get into IB. I'm thinking of:
MIT LBS MiM LSE Diploma Vanderbilt (almost sure I'll get in) Duke MMS
FE: Columbia Haas
You already have some relevant finance experience, so I'm really surprised to hear that with your stats (your profile says 3.8 GPA) and finance experience you haven't been able to land any ibd gig. Have you set up any informational interviews with alums to see how you might be able to market yourself better?
At this point it might be too late for an IBD gig this summer (for your own sake, I hope I'm wrong). I might just accept what comes my way, and network extremely aggressively in the fall. I would also apply to all the schools you've listed. I think with your stats you should get into something better than Vandy.
Engineering is not good for finance, and that's coming from an engineer who will be working in finance. Engineering will give you problems for IBD for sure, for S&T you're in better shape
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