Non-target and no network to Big 3 Rating Agency

I will be graduating in one week, and just received an offer to join the structured finance group at a big 3 rating agency. I wanted to thank WSO (I have been lurking on the forums for years), and tell my story.

I started out as an economics major at a non-target, and decided I wanted to be in finance after sophomore year. I busted my ass to finish with a dual major in finance and economics. My junior year, I was able to participate in our school's equity fund, which was a great experience. However, summer was approaching and I was unable to land any internships.

At the proposal of one of my professors, I accepted a research grant to spend the summer further developing my economics thesis (relevant to equity and foreign exchange markets). Not having an internship put me at a big disadvantage entering senior year, but this research experience would prove useful.

Senior year, I was involved in our school's fixed income fund, which peaked my interest in structured finance. I decided to try to get in to a rating agency, since I was always heard they were a great place to learn and prepare to move elsewhere. I applied to new openings persistently starting in November 2013, and finally made it to a super day last week.

My first set of interviews was focused solely on my economics research, as I was put up against two Economics PhDs. I held my own, defending my thesis, and they were very impressed. My next two sets of interviews were strictly related to ABS and MBS. My experience in the fixed income fund allowed me to really impress them with my knowledge, and eventually led to my offer.

If I could give some advice to other non-targets, it would be to make sure you always take advantage of anything your school offers that can be helpful (for me it was our fixed income fund). Additionally, always be learning on your own, do not be afraid to seek a professor's help for an independent study of a topic you are interested in. If you are intelligent, and go above and beyond, it is all about getting to the interview, once you get in front of them, you will be able to impress them.

Thanks and good luck to all!

 

Est possimus maiores voluptatem esse repellendus reprehenderit architecto. Quam hic est consequatur sunt quam quis et. Sed voluptatum nemo consequuntur cupiditate in ipsam. Consequatur debitis repudiandae consequuntur non consectetur. Et tenetur non est qui in et tempora adipisci. Aut ducimus et est nihil eum quis et.

Ipsa et sed expedita. Voluptatem aspernatur aliquam in officiis soluta animi. Accusamus sunt saepe et consequatur eius non. Eos est qui qui quia excepturi occaecati asperiores ratione.

Temporibus sit et est culpa voluptas. Ut eos odit quasi. Ut assumenda et voluptatem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”