From Buy-Side Internship to IBD Full-time?

Good Day WSO users,

With full-time recruiting just around the corner, I'm very lost as to which field of career I should pursue. If anyone could share their similar experience or advice it would be very much appreciated!

I was recruiting for investment banking internship but ended up with a position at a sizeable pension fund doing private equity investments. Now I want to know what to do with this experience, and how to best leverage it to get a full-time job. My GPA does not make me competitive enough for investment banking (3.7/4.0), but my past experiences are good. In this case should I got with the safer bet such as a role in Asset Management, pension fund or do I still have a shot at investment banking? How valuable is buy-side experience when recruiting for sell-side?

Thanks for your help in advance!

Comments (13)

Aug 3, 2015

Just to add on: How can I make my story more believable, considering most people want to do the other way around (Sell-side to Buy-side)?

Aug 3, 2015

Depends on where and with which banks you are aiming for, but a 3.7 is definitely enough to secure a banking gig. I know people that have had much worse and less experience.

Aug 3, 2015

Thanks for your comment. I was aiming high at the bulge brackets, but I'm guessing the chances are slim with a 3.7?

Aug 3, 2015

No, it definitely not slim. Like someone else said, it depends on if you are at a target school or not. But even then, with your experience and a good GPA (which you have), you should be fine. Just contact a few people and have a story for them

Aug 3, 2015

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Aug 3, 2015

When the hell is a 3.7 GPA "not competitive enough for investment banking"? Sure, if you are coming from a non-target or low-end semi-target it can be a hurdle, but if you are coming from a target or high tier semi-target it's certainly competitive. That kind of attitude is going to hurt you in the job search process, so don't let it bog you down.

Aug 3, 2015

Sorry to make it sound like 3.7 is a bad gpa, I didn't mean it like that. What i'm trying to say is that I come from a semi-target school where there are a lot of competitive applicants with higher GPA and relevant investment banking experience. I don't know how to make myself stand out.

Aug 3, 2015

The MM firm will give you a great training program, so I wouldn't worry too much about it. You could also take the BIWS modeling courses

Aug 3, 2015

Anyone?

Aug 3, 2015

When would you be doing this internship, during the school year or summer? If it's during the school year then definitely do it as it sounds like an interesting finance experience. If it is summer, try to get get an IB internship as the best way into IB is by doing IB, but if it is the best offer you get then take it.

Aug 3, 2015
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