Low grades in accounting! Hurt IB chances?
I've just finished my finals for the summer semester at my college, and my gut feeling tells me my Financial accounting course won't go so well. I entered the final with an A, but might come out with a B+, which is equivalent to 80-84% (GPA 3.30) at my school (but my school is on a 4.33 scale). This thought led me to WSO to ask you all about the importance of high grades in relevant coursework for IB, and what are those relevant courses?
I'm mostly concerned with accounting courses, since they are pretty hard. All other factors aside from academics, would a B+ average in all my accounting courses hurt my chances for IB? My overall GPA is 4.15/4.33 and I'm in Canada btw.
Should I retake it to get an A or A+?
Yeah that could seriously be an issue. Last year, I had just accepted an offer at the top BB of my choice and I was on top of the world. Three days later, between shots of Grey Goose and daydreams of how much I would pull as a sexually irresistible investment banking analyst, I got an email from HR asking for my transcript. My heart sunk when I flashed back to the disgusting B+ I had gotten in my corporate finance class. My stomach started churning and I sobered up instantly as I realized that no self-respecting bulge bracket investment bank would allow some B+ washout to join their elite squads of finance gods. I grudgingly sat down and forwarded my transcript to the HR rep, and within 2 minutes she had replied: "HAHAHA! B+ in corporate finance? DING!"
So yeah, could be a problem.
Oh my I'm so sorry to hear that :( ... did you manage to find a boutique IB job after they found out?
No I followed the age old path of banking washouts and went to MBB. Now my disgustingly work free weekends are filled with sadness and whisky as I dream longingly of grinding excel sheets for a power crazed MD late into the night.
Doing poorly in accounting... IBanking dreams over? (Originally Posted: 11/13/2011)
I have a B- in the class (average is a B). To think that IBanks only recruit the top 1 to 2 people in the class, I think my hopes are very grim right now..
Do better?
Sorry brah network hard, Have a decent overall GPA and network hard... again.......
so were you looking for advice or are you just trying to have a pity party?
i am guessing both
work harder? accounting really isn't that difficult
if you're struggling with accounting, idk what to tell you. it's a cakewalk even for us non-business majors :)
I had a B- in accounting and majored in computer science at a complete non-target. This isn't the end of the world (though it certainly doesn't help).
OP, its one class....and making a generalization like "ibanks only recruit 1 or 2 top in the class" is ignorant. You need to change your attitude, more positive. you still have the final, if you get an A on it im sure you can pull an A in the class. and quit being a little pussy
thank you to all repliers. yall are right, im gona stop being a little bitch.
Life is what you make it. Work harder. There are many different routes to take, if you keep working towards your dreams one of those routes will take you there.
network hard! and know they will be drilling you about the acctg in the interview if you get one.
they only recruit the top 1-2 in the class
what
honestly if accounting isn't one of your strong points, why would you want to pursue a career in something accounting-heavy? just reevaluate things.
Besides the lame attempt at a trolling, I currently work in what i feel is one of the most lucrative areas in finance right now. I didnt go to a target school. I got a C in cost accounting, got a C in physics, and got several Bs in classes I could have easily made As. The point is, if you want something bad enough you can get it. You just have to work harder, and take a different route then the norm.
What do you work in now ?
The banks literally come to your school and pick out the 1-2 kids with the highest grade in your accounting course?
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