Investment Banking breakthrough.
So, unfortunately this is the situation and I am a person to own up to my mistakes. I went to two colleges. I received a 3.11 G.P.A and a 2.65 for the second college. At the second college, they respectfully asked me to leave because they said we don't think this is the place for you to continue to be successful. Now, I need to go to another school and figure out a new school to get my degree. I'm basically B or B+ student. How do even explain this situation and especially the situation about what happened at the other schools. No Summer Analysts positions here and I really doubt getting a IB job after graduating.
Sincerely
Confused
Before the a-hole trolls fill this thread with insults and roast you, I just wanna say that you will do just fine. If I were you I'd take a bit of time off (maybe sign up for the military?) and then continue/restart your education. Also what do you mean you are "basically a B student"? If that is the mentality then event the best offers won't help you. Also think about if you really want an IB job, or are there other fields that you like more. This is just my two cents. Take it with a grain of salt because I am not an education or career consulting professional. The fact that you are already on this forum snooping around and asking for help is a good start.
Good luck and I hope you find your way.
TL;DR : Sign up for the military and continue/restart your college education.
I'm sorry, but I can't join the military due my physical health conditions and I have been permanently disqualified. I tried to join when I was 18 year old but my skin conditions, asthma, an overall physical well being was a 100% no. My parents are supportive but I need to finish my degree at another school and try to achieve my goal. I'm just worried and scared, I didn't go to a target school, semi-target or barely a non target. I'm just confused what to do with my life.
Is there a particular reason why you would like to do banking?
I know quite a few people who have not been so successful in academia but had their own niche sector (knowledge in military, literature, gaming etc). A number of them have turned their nerdy interest into a career path that they are extremely satisfied with. Why not empty your mind and take a week or so to think about what you are good at, and what you find most interesting?
Absolutely, I will take your advice and definitely think it over. To be completely honest, I love the markets here in New York. I am eager to see when they open at 9:30 A:M and when they close at 4:00 P:M. It's not about the money, I just love seeing the differences in changes of stocks and I love valuations, especially Discounted Cash Flows, Weighted Average Cost of Capital, Alpha, Beta, etc.
Ditch the banking chase and go into an area of commercial real estate that interests you. You're welcome
THIS! When I first joined this forum, I was hell bent on doing IB. I had tunnel vision from reading posts on WSO, looking at alumni, people on LinkedIn, and everything else that goes into the mystery of working in IB from an undergrad perspective. After asking myself some hard questions, I realized I enjoyed finance and banking but did not want to be chained to a desk 12+ hours for the rest of my life. I got into Real Estate and explored every aspect of it. Like the user above, you should look into Commercial Real Estate. For someone in your position, if you like valuation, you should try to get a property management internship/job and go from there to get your foot in the door.
Fair warning, I am still in uni so do not take my word for everything because I only have knowledge about the industry from an outside perspective.
I have nothing against commercial real estate but I always thought of myself as a finance guy. I will consider all options that are available. Real estate never really interested me to the comparison of financial analysts, associates or etc. I really just like the markets in general but I don't want to aim for the stars to fall short. I have one more chance left at a new school and a potential internship. This is legitimately my final chance and I am worried, scared, and confused.
have you tried learning to code?
Yes, I have tried to learn to code and I love programming. Unfortunately, the field seems extremely competitive and I don't know if I would be able to break through into that sector with that level of competition of adversaries.
REIT's, Syndicated lending and borrowing, Lev Fin aspect of RE, PE Buyouts, REPE, MBS, and Real Estate securities can satisfy your want of being in the markets. Think about the different securities that come from RE. What is the largest asset on a B/S for any company? Real Estate.
Something is missing here. A college asked you to leave solely because you have a 2.65 GPA? That's a C+ average - they're kicking you out for it?
Unfortunately, no, they didn't kick me out. They said with that kind of G.P.A, you have absolutely no chance to acquire the dream job that you are wishing to acquire. They politely said to me "you need a fresh start somewhere else". When you transfer to another school, your G.P.A resets. So my first school was 3.11, my second school was 2.65, and hopefully if I am successful, I can get a 4.0 here in New York. Fortunately, I am lucky because I can apply for Excelsior scholarship at a state school which allows for free tuition for an undergraduate degree.
Have you thought about taking a year off between switching schools? It will give you a long mental reset, and when applying to jobs you can have the classic excuse of "wasn't mature enough but came back and got a 4.0."
Yes, I have. I have taken a few months off no longer than a year to get back into school. It's the difficultly of explaining why are applying to college again and aren't you starting to get a little old to be doing this. I understand there is no age limit but I don't want to look like the old guy if that is understandable.
so long as you are under 30...nobody will notice or care
Well I am 27 right now and I have 7 years combined with Finance and Macro/Micro Economics Minor. I just need to finish up the rest of my degree but really in essence, I just want to improve my G.P.A and get my C.F.A. I don't think a M.B.A would be for me right now. I don't have the valuable knowledge yet to contribute to case studies of various topics.
why have you had such difficulty with school?
if you learn the material, getting B+/A- avg...so a 3.5 should be pretty easy.
It's not so much that the new school I am going to go to is difficult, it the situation where I have to explain my previous grades of 3.11 -> 2.65 -> 3.5+. The discrepancy of the variation of those grades would seem like a irregular red flag of strange or usual work ethic. Also, this new school is not a target school so networking will be much more difficult.
i'm asking...what did you do, or not do, that resulted in such low grades?
was it time spent partying instead of studying....or did you find the material too difficult to learn regardless of how much time you spent studying?
About 85%-90% of students that went to my school were in state. I foolishly chose a school that was literally 3000+ miles away from my family. The material wasn't difficult at all but I underestimated how vital and important how a good support would be absolutely beneficial to my success. I messed up and I acknowledge my mistake, the past is the past but I need to improve my future. It took a real toll on me when there mom and dad weekends because none of my family couldn't visit. I only have myself to blame.
i'm confused....you didn't really answer my question.
I'm not going to lie to you, I did progressively well until junior and senior year until no one really cared as much. To make matters even worse, our school is known as a party school and that definitely played a part. I needed to get out of that environment and be around just every people who don't want to get wasted everyday.
This still doesn't make sense. It is June, and you were at some point in your "senior year." How many credits shy of graduation are you, exactly...? If I'm reading this right you have at least 3.5 years of a 4 year degree done, and your school is recommending that you "start" someplace else?
My credits will transfer but to be straight honest and blunt, they have stated that my actions of drinking and being foolish is a violation of school code. Not like once or twice, four or five times plus. They would happily give me my credits to transfer and they suggested for me to go somewhere else because as they stated " we can't help here anymore".
How many more credits do you need? You do realize, I hope, that no school will give you a degree unless you complete 30 credits (or the equivalent of four full load semesters) from that school.
You go somewhere else, and you're going to need to repeat your junior and senior years, which will be a huge waste of time and money.
My advice would do whatever you possibly can to get one more shot from your current school, beg for forgiveness, provide evidence that you're in substance abuse counseling, or whatever else necessary. If they give you a chance, take whatever courses you need for your degree and strategically load the rest of your coursework up with the easiest classes possible such that you improve the GPA.
Just throwing an idea out there. Maybe you should stop drinking and acting foolish?
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