I-Banking

pointlesspodium's picture
Rank: Baboon | 164

Hi All,
I come from a LAC on the west coast. A good school but not non-target. I was pre-med but have always loved finance and I changed last minutes to work in the finance world. Honestly I would love to get into ibanking but need some guidance on where to start. I have a 3.2 gpa and am an economics major. I've had some pretty darn good research experience working for large hospitals but not sure how much that will translate. I've also been president of my schools investment club and am treasurer of the student government.

Any help will be greatly appreciated. I'm really hungry and I know I can succeed even with amount of hours the work requires.
Thanks,
Same0

Comments (9)

Jan 4, 2013

Why do you want to be in banking?

Also, what year are you?

Jan 5, 2013

Which LAC?

Some place really well here on the west coast.

Jan 5, 2013

I have the opportunity to learn a lot about a multitude of different industries fast, get to work on deals, it's a whole new perspective on how economics works, how much big businesses have an effect on the government and the public. I follow the markets and keep up to date on issues so I might as well get paid doing that for doing all that.

I am a senior so that puts me at a disadvantage. I a go to a top LAC (think pomona, claremont, reed, colorado college)

Jan 5, 2013

You've got to hone in on your why IBD answer. Plus, as a senior, it will be extremely (read that as all caps and bolded) hard to land a full-time position at this point.

Jan 5, 2013
rpc:

You've got to hone in on your why IBD answer. Plus, as a senior, it will be extremely (read that as all caps and bolded) hard to land a full-time position at this point.

I mean you CAN land a FT position at a lesser known regional boutique or MM (ex- FocalPoint, Seimer & Associates, Grief & Co, Janes Capital etc.) but if i were in your situation...and i was kind of but as a junior last year, i'd try to get an internship no matter where it is in LA or how well known the firm is, just to get solid exposure

i'd also recommend you stay another semester (this will start an entire other discussion) to go through FT recruiting again next fall...look at my other post for when i got my offer and you'll see it can be done, but you got to be willing to put the work/hours in

PM me if you're serious, i go to a LAC currently so im very familiar with the atmosphere for recruiting in LA/some firms in SF and the competition

Jan 5, 2013

suggest you stay on medical path, or at least take MCATs and apply. What's the harm? you may get in somewhere fantastic! And much better long term potential than ibanking.

Jan 5, 2013

I know. I was scoring in the 30ish range on my mcat but to be honest I don't want to be a doctor. You can't succeed at what you don't like. I wanna wake up every morning and have a true passion for what I do. Never really liked studying bio also. I am actually a chem minor as well. I know it's gonna be hard but I need some guidance. It is gonna be hard to land an offer but maybe an internship -> offer?

Jan 5, 2013

Your "why banking" sounds a lot more like a why "sales and trading." Work on this - you need to know the analyst job well enough to convince interviewers that you know what you're getting into, and are doing it for the right reasons.

In terms of strategy, you're running late. As you get your story locked down, craft a resume, and look on your school's career services website to see if there are any resume drops or other banking listings. Your best shot is going to be with healthcare coverage banking (believe it or not, pre-med-turned banker is a fairly common story), and in particular with healthcare-oriented boutiques (Leerink Swann comes to mind) since boutiques are likely to be less rigid in their recruiting than large firms are.

Seriously, though, think about why you want to be in banking. Be honest with yourself. It's reasonable to not be able to articulate an answer if you are early in your process and are less informed. But it should ring true.. even if you can't put it into words, to a certain extent you have to be at least somewhat sure.

Jan 5, 2013
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