I'm in need of career advice, please read.

kcsystem's picture
Rank: Monkey | 48

Dear WSO, I'm a long term lurker, first time posting. I'm really desperate for your help. I don't know what direction to take and I know I'm going to get blasted by you guys for making a post like this, but I exhausted all methods and need some genuine advice.
I came from a non/semi-target school (Baruch) and I just recently graduated with a BBA in finance with a mediocre GPA (Cumulative 3.1, Finance GPA 3.3) and I live in NYC. I'm not even going to consider IBD because realistically, I have no chance.
I'm trying to explore a couple of other fields: corporate finance at F500, PWM, commercial banking, and lastly Asset Management.
I have little internship experience (only interned at an insurance firm doing admin work, and now I'm currently at a non-paid internship at start-up brokerage/advisory firm). I'm trying to figure out what the next best course of action is. My current firm is sponsoring me for the Series 7 and series 66 and I'll be taking those within a month.

So I have a few questions:
1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles?
2) For entry roles at F500, are the offices usually in NYC?
3) Which roles in F500 corporate finance are the easiest to break into?
4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors?
5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB?
6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having Series 7/66, what is the beginning salary?

Basically, given my stats, what would be the next course of action to take for 2-3 years until I go back to get a MBA?

I know this is a long post, but I really appreciate any of the help you guys can give me, I'm really desperate. Thanks in advance, for all the help. This website really helped me a lot, a ton of great info.

Comments (12)

Feb 19, 2013

It all depends on a few aspects such as where do you want to be years down the road and which of these roles appeals the most to you.

Feb 19, 2013
kcsystem:

So I have a few questions:
1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles?

yes.

kcsystem:

2) For entry roles at F500, are the offices usually in NYC?

believe it or not, business happens outside of New York, so no, most headquarters aren't here.

kcsystem:

3) Which roles in F500 corporate finance are the easiest to break into?

apply and find out.

kcsystem:

4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors?

apply and find out

kcsystem:

5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB?

no.

kcsystem:

6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having series 7/66, what is the beginning salary?

securities licenses don't help you for jobs that don't sell securities.

Feb 19, 2013

Thanks romy, I'm almost certain that I want to be in commercial banking or corporate finance until my MBA. After my MBA, I would like to explore PWM / Corporate finance or asset management (I'm unsure as of yet).

SirTradesaLot:
kcsystem:

So I have a few questions:
1) Should I start applying now to commercial banking, corporate finance, pwm entry roles or should I search for an internship at these sectors before applying for entry roles?

yes.

kcsystem:

2) For entry roles at F500, are the offices usually in NYC?

believe it or not, business happens outside of New York, so no, most headquarters aren't here.

kcsystem:

3) Which roles in F500 corporate finance are the easiest to break into?

apply and find out.

kcsystem:

4) Any chance of getting into rotational programs at this point with my stats? Also, does Corp Fin F500 usually prefer finance majors or accounting majors?

apply and find out

kcsystem:

5) Would it give me a tiny advantage having the 7/66 for a PWM entry role at a BB?

no.

kcsystem:

6) I understand commercial banking is more relevant to businesses, but what are the specific names of the roles in commercial banking? And does it help having series 7/66, what is the beginning salary?

securities licenses don't help you for jobs that don't sell securities.

Thank you for your fast response SirTradesaLot.
1) Do I have a chance at entry roles given my stats or should I get more experience by interning?
2) If I try and get into F500, does this mean I'm not going to be working in NYC mostly?
3) Could you tell me what are some good potential roles in commercial banking for someone that just got out of undergrad?
4) Do you have any general advice for me at this point?
I really appreciate it..

Feb 19, 2013

I have no idea about your odds. Honestly, who gives a shit? If I told you you have no chance of ever getting a good job, would you believe me? If yes, just give up now. If yes, go ahead and apply and find out. Internships are for students....go ahead and apply for full time jobs. I know nothing of commercial banks.

Feb 19, 2013
SirTradesaLot:

I have no idea about your odds. Honestly, who gives a shit? If I told you you have no chance of ever getting a good job, would you believe me? If yes, just give up now. If yes, go ahead and apply and find out. Internships are for students....go ahead and apply for full time jobs. I know nothing of commercial banks.

Thanks, I'll try that.

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Feb 20, 2013

Bump for more help

Feb 20, 2013

I graduatedfrom hunter with pretty much same stats so this is all very helpful

Feb 20, 2013
DzemalMalagic:

I graduatedfrom hunter with pretty much same stats so this is all very helpful

Hey, good luck on your job search, did you graduate already?

Bumping for more help. Thanks all.

Feb 20, 2013

Yeah I graduated in december and ive been applying to a bunch of prop firms to try and become a trader

Feb 20, 2013
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