Comments (24)

Sep 6, 2015

You will have a chance. A great realization that one comes to when they graduate, and they've start working in finance is the importance of networking. Building solid relationships helps with this process. Look through the networking guide, and put yourself out there, you'll be surprised with yourself.

I think- therefore I fuck

Sep 6, 2015

Haha oh I network alright. I spam boutiques on the daily. The problem with networking for me is that my resume is very un-impressive. Alot of the times I'll get alums enthusiastically responding and even offering to meet me in person themselves (without me even asking for a meeting , I just ask for information), but then want me to send them my resume, then they stop responding.

Networking only works if your resume is stellar.

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Sep 6, 2015

In which way is your resume unimpressive? Poor grades? No extracurricular activities? No internships?

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Sep 6, 2015

Depends on the company? Where I live, the financial institutions (Especially IBD) are obsessed with Academic progress and results. They want people that have been winners since Jr. High-School, and seem to put almost 100% focus on grades and grades alone at the initial screening process. I've met candidates that had stellar grades from Grad School, but fucked up one or two semesters during Undergrad, and got dinged because of that.

Over here it's normal for students (that aim for IBD or MGMT Consulting) to re-take all exams until they've reached 3.5.

So, if your school offers "free" re-take exams (meaning that you don't have to pay full credit for them), I'd advise you to try that.

Other than that, focus on networking. It can REALLY, REALLY help...though some firms are very cautious on helping candidates through networking, as they're concerned with nepotism etc.

Sep 6, 2015
wanttobreakin111:

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p>People always talk about having an MBA redemption. Yet, getting into a top MBA requires top notch pre MBA work experience (even if not IBD), like maybe f50 FLDP at the minimum, which itself requires top undergrad performance to get in.

You'd be surprised. I know and know about people in top MBA programs who were things like musicians, military officers, peace corps leaders, managed a michelin starred restaurant, etc. before getting in.

In some cases "interesting" can go a lot further than "prestigious".

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Sep 6, 2015
Bigass_Spider:

wanttobreakin111: People always talk about having an MBA redemption. Yet, getting into a top MBA requires top notch pre MBA work experience (even if not IBD), like maybe f50 FLDP at the minimum, which itself requires top undergrad performance to get in.

You'd be surprised. I know and know about people in top MBA programs who were things like musicians, military officers, peace corps leaders, managed a michelin starred restaurant, etc. before getting in.

In some cases "interesting" can go a lot further than "prestigious".

I'd say that getting into a f50 FLDP is WAY easier than becoming a professional musician, military officer or even managing a Michelin starred restaurant. The people who do these things are at the top of their professions. There are plenty of unimpressive people going to top 15 b-schools. Account managers, accountants, etc..

Sep 6, 2015
Guest1655:

Bigass_Spider: wanttobreakin111: People always talk about having an MBA redemption. Yet, getting into a top MBA requires top notch pre MBA work experience (even if not IBD), like maybe f50 FLDP at the minimum, which itself requires top undergrad performance to get in.
You'd be surprised. I know and know about people in top MBA programs who were things like musicians, military officers, peace corps leaders, managed a michelin starred restaurant, etc. before getting in.
In some cases "interesting" can go a lot further than "prestigious".

I'd say that getting into a f50 FLDP is WAY easier than becoming a professional musician, military officer or even managing a Michelin starred restaurant. The people who do these things are at the top of their professions. There are plenty of unimpressive people going to top 15 b-schools. Account managers, accountants, etc..

Only in some aspects. There's plenty of Army Officers and musicians running around with sub-2.8 GPAs and sub 1200 out of 1600 SAT scores. Michelin chefs I can't comment on because I only know one.

    • 1
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Sep 6, 2015

No. That is the perception that this site gives off (because most of the activity is driven by college juniors who are completely clueless) but the actual answer is no.

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Sep 6, 2015

Can you please explain your rationale?

    • 1
Sep 7, 2015

Just curious, why do you want to go into investment banking?

Sep 6, 2015

Because I believe that I would actually enjoy such a job.

Sep 7, 2015

Then there's no need to shoot for prestige, right? I'm sure there could be regional boutiques that could be good fits

Best Response
Sep 9, 2015

You always have a chance. Always. As someone here said many years ago, Col. Sanders launched KFC in his 60s or so.

The keys to success are: getting shit done & being nice to people. It's that simple. If you join my firm and make millions for me, I don't care that you messed up Statistics 101 twenty years ago.

The advantage of performing early in live is that this opens a lot of relatively linear tracks to relative levels of success. You need to become more creative and think outside of the box if you suddenly want to be successful mid-life.

Sep 10, 2015

This is what I am wondering. My undergrad was (is) not amazing.

Trying to figure out the best way for a redemption.

Sep 10, 2015

Just have a plan and take things a day at a time. At 27 and having experienced both my triumphs and failures in my career, It's just now starting to sink in that I still have my whole life ahead of me.

Sep 10, 2015

.

Sep 11, 2015

Can't answer the OP but I will say I've landed around 5 interviews from BB's to MM's and more than a half dozed PE firms. (for IBD or ER roles) I'm leaving a long/short desk soon with close to a year of experience, all my exams done, and have three solid offers as an ER associate in a credit rating agency, a media firm and a boutique. They aren't IBD but I'm pretty sure I'm ahead of where I would be if I was not hustling. If you aren't applying you've already failed.

Sep 9, 2015

Man, people will always fall through the cracks of so-called rigorous HR selection procedures. In investment banking, I worked with people from totally shit universities. In consulting, I worked with people who were way too retarded to have ever passed a case study with a rigorous interviewer. In venture capital, I worked with people with totally inadequate backgrounds. In dating, I have played and do now play exorbitantly above my league.

All of this is only possible if you try often enough, and luck out. You will only succeed if you are okay with defeat.

Be creative. Figure out how systems work, then attack. If you have a shit undergrad, engineer ways to get into a good postgrad or find another route into the candidate pool for those postgrad jobs that you find interesting.