Fellow Monkeys... Is There Any Hope For Me For SA?
My situation: I'm a junior transfer at a non-target with a 4.0 GPA, 3.5 if you combine my pre-transfer GPA with my transfer GPA. I knew I was really interested in IB during the summer but I didn't know much about how to break in until I joined an equity research-related student organization that had some members heading to the street. Using their advice, I started networking in November and so far I've connected with five alumni working as analysts at BB firms.
The problem is that I haven't talked to anyone above the analyst level at these firms; therefore, I really don't have anyone at a higher-level that can push hard for me. They've all been extremely helpful, but I'm wondering what my chances are of them being able to really help me score an interview for a summer analyst position this upcoming summer. I also realize at this point that it's probably too late to really network strongly with more senior level bankers.
Fellow Monkeys, is there any hope for me? What would you suggest?
I would suggest not combining your fucking GPAs, because that's cheating.
So go with my GPA post-transfer? As in the 4.0 one? =\
Any other advice or insight would be really appreciated.
Just curious, but how is that 'cheating'? Not trying to smart off, I genuinely would like to know. Because, those who transferred did earn whatever grade they got at their previous institution. And, depending on what year he/she transferred (read: sophmore, junior, ect), the classes won't be that different no matter where he went.
True story The school I go to, another 4-year public univ, and a CC all used the same exact book, and my class didn't seem any harder than my friend at a CC.
So, what I'm trying to say is: how much harder could basic/core classes differ that much? Especially since the OP said he goes to a non-target. And who needs American Govt. for IB any ways? ;) Now, getting a 4.0 at a CC then transferring to Harvard and getting a 3.0 shouldn't be a 3.5...
Sorry for the long-winded post. I've just seem that come up multiple times, and was curious.
You named it there yourself- quality of classes are different, also number of classes may be different at both schools, and regardless/even if it isn't a CC > Harvard, if you get a 3.0 at Illinois and then a 4.0 at Cornell, it is false to say you completed all semesters at Cornell with a 3.5- you didn't.
For education have multiple lines, 1 for each school that says the GPA you received while at each school. Have posted about this in the past.
Thanks for the advice, I will add in the extra line for my previous school's GPA. I'm hoping it won't affect me adversely too much, as my previous school was CC-level and the 4.0 is the GPA I have now at the more difficult school.
If things do fall through on the BB level and I get an SA position with a boutique, what are the chances of breaking into BB from there? Would it be possible with a great deal of networking?
We have alluded to this problem in the past but your real problem is you are networking only with Bulge Bracket people.
If you are a junior at a non-target with a 4.0 GPA you're still going to have to make a different path. Search out every single shit bank in your area. It doesn't matter how dumb the bank is as long as it is legitimately investment banking.
Also if the analysts that you're talking to really actually like you, they can absolutely get you an interview. If our top-tier ranked analyst hands me a resume and says "this guy is actually very good"... I'll at least bring him in for an interview. Now if a bottom tier analyst did this, we would ignore the recommendation. So if you have a strong bond with these analysts and they are ranked decently then you should be able to get some sort of traction.
Also search out NIGHT internships if possible.
I really appreciate your reply. Like I said, they've all been extremely helpful, especially since they are alumni from a non-target, which means they've been through the same struggle I've been through before. I know a few of them are ranked highly, so hopefully something will come of that.
Would you please go a bit more into night internships? Do you mean internships after classes during the school year, or something different?
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