I recently received an invite for a SD with a Tier 1 BB for a PWM Summer Analyst position in the Northeast - I applied early in the process (April) before my grades for spring semester were finalized. My grades turned out to be abysmal and my GPA dropped to a 2.4, as I was taking 17.5 credits in the spring and was traveling back and forth to home after my younger sister attempted suicide. Students could opt to have most classes in 2020 switched to pass/fail due to COVID, which do not factor into GPA, hence why my GPA has fluctuated by a considerable margin. For reference, I go to a target public school in the Midwest that places well to NYC and Chicago.

I feel that I excelled in both the Pymetrics and HireVue assessments, and I played up my experience in a client-facing managerial role that is impressive for my age. However, I need to upload an updated unofficial transcript in order to accept my SD invite.

I am ashamed of my lackluster performance last year and aware that this is not consistent with the caliber of academic success this firm is looking for. While I feel that I could adequately prep and perform well in the SD (and if selected for the SA position, as I'm passionate about PWM and extensive experience with HNW clients), I am fearful to submit the transcript because my GPA has tanked since the application. Any advice would be greatly appreciated - I am at the point where I feel I should maybe just withdraw my application to save myself the embarrassment of trying to explain these poor marks the entire SD.

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Comments (13)

Oct 14, 2021 - 2:24pm

I don't see why sending in your GPA would matter all too much. I've made it this far with a 2.8 at a community college. Granted I have relative work experience but still don't think it would matter. I would send in your transcript and cross your fingers

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Oct 14, 2021 - 10:10pm

As someone who interviewed with the PB last summer, I'd say you have to be incredible in every other regard for them to take you. A lot of top candidates interview, but if you truly impress them and have good internship experience, it might land you the role. They will definitely care about the super low gpa though

Oct 14, 2021 - 10:37pm

I prepped for the HireVue with two people who both worked for PB in the Chicago office last year and signed FT offers. I connected my experience working with high net worth clients as a manager in luxury hospitality for a five-star hotel (rates over $1000/night) at an incredibly young age to being translatable to PWM. Both said my explanation of that was great and would be more unique than the traditional finance route. I feel comfortable speaking about the direction of markets, my views on investing, asset allocation, etc., as well. Just not sure if its enough

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Oct 16, 2021 - 1:06pm

Definitely a UMich student lol.

Do not withdraw your application, especially since you made it this far. If they question your grades then tell them you applied before spring semester ended. I don't think it will have as much impact as if you were applying for IB, but still will probably hurt your chances. If there is any GPA cutoff then it's probably going to be an automatic ding, but sometimes AM/PWM is more forgiving. 

Oct 17, 2021 - 2:44pm

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