Non Target, Breaking into Investment Banking

Hi fellow monkeys,

just wanted to post on here that I finally got the phone call for an investment banking analyst at a bank in SF...After 4 banking superdays, 2 wait lists, I was able to break in from a non target, semi target at best. I learned about investment banking in november of 2010 and wanted to get in. However, without much finance experience, i didn't get ANY investment banking interviews for internships last year. I ended up doing an internship in corporate finance and was able to get another internship in with a PE fund....This past summer ,during my internships , I expanded my network and sent out many random emails via linkedin and surprisingly, was able to meet many bankers...I went on networking trips to NY and SF right after my internship ended...I think I went to NY 3 times in 6 weeks....It was actually December and I didn't have any IBD offers...I had one in consulting and in corp. finance...I thought I would have to take the consulting offer but an opportunity came for an immediate start date with a bank in SF...I emailed them, spoke on the phone with the analyst, and he got me a first round over the phone. the phone interview went well and was invited to a superday on the spot..superday took place a week later and after 8 interviews, got the phone call a few days later saying I got the offer...In a short matter of 2 1/2 weeks, i went from having nothing, having exhausted my network and interviews, to having an offer...hard work and perseverance does pay off. Thank you WSO for helping me along the way and seeing the other success stories helped keep the fire in me going........Thanks for everything!!!

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Dec 19, 2011 - 4:30pm

That's great man, best of luck with the new job

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
Dec 20, 2011 - 1:39am

BYU. also some people have been asking about my previous experience...
i did an internship with a car company in detroit and a small pe fund in houston this past summer......on campus internships with a fixed income company and a mm investment bank were done during the school year...few years experience selling door to door and officer in the investment banking club...

Jan 14, 2012 - 10:08pm

2 Step Guide to Breaking into IBD from Non-target (Originally Posted: 02/23/2013)

People always overstate the difficulty of getting into banking from a non-target school. You don't need to transfer to a better school; you can break in. It is called NETWORKING. I will now proceed to teach the two steps for breaking in from a non-target:

  1. Teach yourself everything about banking. You will have to know more than kids from target schools. Deal with it. Know enough to have an in depth conversation with bankers that most target kids wouldn't be able to have. This includes knowing what bankers do and the ins and outs of their jobs. Most of this info can be found on WSO, M&I, and other sites. It also includes knowing what is going on in the world of finance. Here is the easiest way to keep up to date. Whenever you open an internet browser, you probably go immediately to Facebook. Train yourself to automatically go to Dealbook or WSJ or something like that. Also, teach yourself to build a DCF model and BUILD ONE! This info is all over the internet and people on WSO will help you if you get stuck. Develop why you want to go into banking and figure out how to give your story, also all over the internet. Try to get finance-related internships during your first couple summers in college or during the school year. If it is too late for that, then it is too late and just worry about what you can do now. After this you will now know what bankers do, how to do it, why you would be great for it, and important things happening in the world of finance.

  2. The final step of the process. Network your way into an interview. Most non-target schools have at least one alumnus on the Street. Find them and their email and contact them. If no one from your school has ever made it into investment banking, find someone who didn't go to your school but may be from a non-target. Send them a cold email (how to do this is all over the internet) and ask them to set up an informational interview. When they agree (some will), ask good questions! If you have done step 1, you will be able to have an intelligent conversation with them. Then you may or may not get an interview. Lets say only 10% of people agree to an informational interview and then 10% of those informational interviews lead to real interviews. Then 50% of real interviews lead to offers (because you are prepared from step 1). That means by sending 200 emails, you will likely receive an offer.

The bottom line is that how to get a job in IBD from a non-target is no mystery. It simply takes work. Getting into banking is somewhat luck, but there is certainly a formula to it that gives you good odds. Next time instead of complaining about from being at a non-target, just shut up and follow these steps. Kids at target schools in general worked pretty damn hard to get to their target school, so now it is your turn to work. Anyone can follow these steps, now just go do them and quit posting complaints about your non-target school on WSO.

Jan 14, 2012 - 10:09pm

Love this. Quit complaining and get to work. Like you said, they worked to get into their target school, you gotta do something to catch up. As a non-target in the middle of this process, I couldn't agree more with these statements.

"We're not lawyers, we're investment bankers. We call you for the paperwork. We didn't go to Harvard, we went to Wharton, and we saw you coming a mile away."
Jan 14, 2012 - 10:12pm

Makes sense. Target schools provide differentiation for students, and while that's a great position to be in, not being from a target doesn't mean you can't differentiate youself. You offer a method of doing so here.

Jan 14, 2012 - 10:13pm

getting into IB from non target (Originally Posted: 02/04/2016)

Hey everyone,

I was wondering what the shot is at getting into IB. Currently I attend a non-target schools ( satellite of a target ) I have a 3.0 with research in the field as well as macroeconomics and letters of recommendation. I was wondering if there was a shot in my current stance for even an internship this year or next.

Thanks!

Jan 14, 2012 - 10:22pm

Non-Target breaks into IB (Originally Posted: 05/19/2012)

This might be a little long so bare with me..its early in the morning,

I go to a completely non-target school where we get little B.O recruiting and pretty much all sort of management programs from Enterprise to Toysrus and Target. I went into my non-target school as a marketing major but was always interested in finance. it wasn't until I had my first finance course junior year that I decided I want to pursue finance and thus changed my major Spring of 2011.

I had a decent resume however the format sucked. I applied to this S.A, B.O position in my junior year and didn't get chosen for an interview and there I thought my life was over and gratefully discovered WSO. Looking back it was prob the best thing to happened to me, I might of never discovered WSO and known the difference between IB, S&T AM, PE ,E.R and BO, MO and FO.

After I discovered WSO I jumped around wanting to do S&T, AM and IB. I ended up wanting to pursue Ibanking because I have no passion for the market and Ibanking seemed logical since I wanted to end up at V.C firm because of my passion for Tech.

Last summer I spent networking with alums and non-alums I prob didn't network as much I should of but I did end getting an interview with a MM Ibanking firm but didn't walk away with an offer(first ib interview and superday learned a lot).

Come Jan of this year I was thinking of delaying graduation by a semester and try to break in. But had no interviews. I had gotten a superday invite for a commercial banking summer analyst gig but no offer. This was a huge blow to my self-esteem and thought it would be my last chance and that finance wasn't for me.

In March I applied to this diversity internship program where you get placed into a BB, MM or boutique in their Public finance division for a year. I applied and thought I wasn't chosen since I didn't hear back until the end of April. Last week I had my interview and yesterday I walked away with an offer and signed all my paper-work. I will be starting in July for a well known boutique that is a leader in Public Finance. So I officially made it into banking and from here I can move onto bigger and better things.

Special thanks
UFOinsider- Seeing how much he struggled to get where he is from his post makes me think twice about giving up.

Ant better known today as TNA -

erignal-

Things I recommend people should use

WSO- Technical guide-very helpful

WSO- Behavior guide- IMO this guide could be used for any interview, marketing, finance.

WSO Resume service- I have mixed feelings about this, it really made my resume look neat and sharp but when I started networking people made fixes along the way. Also I never got that follow up it says when you buy the service- what that about?

BIWS- Great to learn about modeling
BIWS- Interview guide
M&I

Looking back certain things happened for a reason and turn out to be for the best. If I had ever taken the B.O job I might of not found WSO and know the difference between B.O, M,O and F.O and not be as competitive as I am today. And I feel that this program will offer me with more opportunities than if I had gotten the offer from the MM I interviewed with.

Thank WSO and l ook forward to becoming a certified member next month and look forward to helping this community and other monkeys break in.

BTW- never had an internship, just sales jobs as telecom stores.

Jan 14, 2012 - 10:25pm

Congrats. Considering you found WSO that late, that is great.

After your year is up, are you going to try and break-in to a BB/MM bank for their IBD?

The difference between successful people and others is largely a habit - a controlled habit of doing every task better, faster and more efficiently.
Best Response
Jan 14, 2012 - 10:27pm

Congrats man! Great to hear.

...not sure what you mean about your Resume Review not getting a follow-up though? We'd be happy to take a look at our communication with you back during the review. ALL customers get a follow-up unless they say they are happy with draft #1 (usually there are tweaks either way from draft #1 to draft #2). My guess is you didn't voice any complaints/concerns but were secretly not so happy?

Please e-mail WallStreetOasis.com>[email protected] so we know what client you were and who you worked with. We will take a look at what happened and how we can improve the process. I want to see if you didn't get a follow-up, because I've never heard that before. We have a 100% client satisfaction rate to date, so I'm not going to let you be the first person even mildly disappointed.

Thanks,
Patrick

Jan 14, 2012 - 10:29pm

mhurriance- I am not sure what I'm going do later, but having IB will help open doors.

KKS- Yeah its F.T.. I didn't break in through networking, but I would recommend to network. I would recommend using the behavior guide- very helpful and go through each question and come up with your own answer or change it a little bit with the answer they give. I would also do practice interview with friends or just look at yourself in the mirror- sounds crazy but it helps...anymore question just ask away,

Jan 14, 2012 - 10:31pm

Non target school grad getting into IB? (Originally Posted: 05/07/2007)

HI. I will be graduating from a non target school with a degree in finance. My gpa will be around a 3.5. I will have internship experience at an IB, and i have done study abroad. Assuming it would be extremely difficult to get an interview, nontheless a job at a top IB, would it be smart to start at a lower tier IB as an analyst and hopefully move on to larger firms? How common is something like that?

One more question. Since my undergrad school is not a target school, would it be smart for me to go directly into an MBA program at a top shcool if i had the oppertunity? I know that would be unlikely but i was just wondering.

Jan 14, 2012 - 10:35pm

Getting in IBD or equity research from a non-target school (Originally Posted: 07/20/2010)

Can anybody tell me if it is possible to get an internship or analyst position in IBD or equity research (equity research is prefered considering I am an INTJ) if I am coming from a non-target school of the Rutgers kind? I am currently a junior interning in Ops at a sub-par firm ( in my opinion and probably most on this forum) and everyday I'm bored to tears with with unchallenging work. I have a 3.97 GPA and military experience. Seems from what I've gathered so far that all the BBs are target - school whores for anything other than Ops.

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
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Jan 14, 2012 - 10:38pm

How do you network when everybody you know in the industry works middle office at best?

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
Jan 14, 2012 - 10:39pm

You sure no alums from your school are in FO? If you go to a school similar to Rutgers, there should be plenty of alums in the positions you're looking for. If your school doesn't have a formal alumni book, you just gotta be creative with how you find names... linkedin would be a good place to start if you haven't already searched through it.

Jan 14, 2012 - 10:40pm

Alumni book is a good idea thanks, I'll see what I can find

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
Jan 14, 2012 - 10:41pm

Trying to get into IB / PE in Boston - Non Target with No Connection (Originally Posted: 10/13/2014)

All, thank you very much for taking the time. I'm a first time poster here.

Long story short, I have been working in Boston for a private RE investment firm as an acquisition / AM analyst for the past 2.5 years, but am trying to get into an IB or PE firm. I am from the UK and went to a good non-target college in the mid-west with a total enrollment of less than 2k people, so when I say I have no connections in Boston, I really mean it! I have tried the alumni database, scoured LinkedIn, nothing has come of it.

I graduated with a degree in mathematics and finance, 3.9 GPA, student athlete, Phi Beta Kappa etc, but I have had no luck at all trying to crack an interview. Not having a target school or IB / PE experience on my resume seems to be a serious speed-bump, and recruiters that I have spoken with agree. I have tried 'cold-emailing' and asking everyone and anyone for coffee / a phone call. Does anyone have any advice out there or something that maybe I haven't thought of? Thanks for all your help.

Jan 14, 2012 - 10:43pm

Also reach out to alumni to the schools in your sports conference.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Jan 14, 2012 - 10:45pm

Use Phi Beta Kappa alum...Also reach out to BSAS (Boston Security Analyst Society)..then also try the Boston networking groups on LinkedIn. If all else fails, look up old employees at where you are working now maybe one crossed over and wants to help. There are also multiple alumni networking groups and conferences in the Boston area that allow anyone to go...I went to one at BU, BC and Babson College that were all geared towards IB M&A or S&T. Good luck sir.

Jan 14, 2012 - 10:46pm

From non target to IB (Originally Posted: 04/22/2014)

How can one get to IB from non target with no sort of background or family connection on Wall Street

Finance
Jan 14, 2012 - 10:47pm

alumni/cold call. simple as that.
a million threads on WSO about how to approach both of those things.

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”
Jan 14, 2012 - 10:49pm

As others have mentioned - alumni networks and cold-calling.

Also important is to make sure you have top grades.

There are four possible candidates who get into investment banking:
1) Top school, High GPA
2) Top school, Low GPA
3) Non-target, High GPA
4) Non-target, Low GPA

1) top investment banks primarily fill their analyst classes with people from Group 1, a handful of well-connected kids from Group 2 will also be given spots as "relationship hires" and then a very small number of exceptional kids who hustled and worked mighty hard to break in will squeak in from Group 3. People in Group 4 generally don't break into top investment banking firms unless they are extremely well-connected (in which case, it is unlikely they would go to a non-target school in the first place, hence Group 2) or start at a very small no-name boutique and lateral (very challenging to do)

If you have a 4.0 or close to it from a non-target, the general perception would be "Okay, this kid was probably smart enough to get into a more competitive school, but he chose to go to this school due to finances, family, personal, etc.

The 4th category would have the highest uphill struggle for breaking into investment banking.

TL;DR - Keep those grades up!

Jan 14, 2012 - 10:50pm

Networking. Networking. Networking.

Cold call and cold email if there's no alumni on the Street. Call/email alumni if they work at banks, but not necessarily in IBD. They can point you to the right direction or put you in touch with right people.

Also, ask your professors if they have any connections in the industry.

Nothing is true; everything is permitted.
Jan 14, 2012 - 10:51pm

Swallow your pride and pitch yourself to anyone with a phone number and/or email address.

Array

Jan 14, 2012 - 10:52pm

Wanted Advice for a Female Aspiring to be an IB From a Non Target (Originally Posted: 02/05/2015)

I am so glad I discovered WSO and would like to introduce myself.

I am currently a Freshman double majoring in finance and computer science at Pace University. My senior year of HS my parents didn't let me apply for any reach schools, including NYU. I had a 4.0, 1990 on my SAT, and a flawless resume including several internships, national debate awards, leadership positions, & spearheading various initiatives for art and green technology in my city. Plus Im a trained vocalist, actress, dancer, and cellist.

I decided I wanted to be in IB my Sophomore year of HS and I don't plan on changing my mind regardless of how competitive it is. You guys sit on here and say IB is cut throat... try going to an audition. Musical theater is about as cut throat as it gets so Im prepared for the competition aspect. Now how competitive my credentials are going to be for Junior and senior internships is the real question.

I genuinely love Pace, and while I know I can get a good paying job in finance after graduating, I don't think its going to be easy getting into IB. Im setting my sights on Booth, Columbia, or Wharton for grad school. I currently have a 3.85 Gpa and plan to bring that number up by the time I finish undergrad,

So at the end of the day my real question is whether or not I should apply to target schools now (NYU, Columbia, UChicago, Red McCombs etc) and transfer risking the possibility of having to leave the city and having a lot of debt or should I stay at Pace, and continue being and honors student on a full ride and try to get as much work experience from internships that I can and save applying to targets for grad? Or could I break into IB either way?

I would really appreciate the advice especially from people who transferred from a non target to a target or went to a non target got undergrad and got an internship and/or job with a BB IB.

Jan 14, 2012 - 10:53pm

network but on your resume just put dancer and attach headshot in big bold letters and center it - guaranteed interviews @ all BBs

speed boost blaze
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Jan 14, 2012 - 11:13pm

torchic:

network but on your resume just put dancer and attach headshot in big bold letters and center it - guaranteed interviews @ all BBs


This is actually my favorite comment.
Jan 14, 2012 - 11:15pm

torchic:

network but on your resume just put dancer and attach headshot in big bold letters and center it - guaranteed interviews @ all BBs


This is actually my favorite comment.
Jan 14, 2012 - 10:54pm

Transfer. No / less than 1% coming from Pace. Debt at this point in your life is a drop in the bucket. While not worth it at all schools, Columbia / Chicago / etc. are elite programs and your earnings potential coming out of the school's you mentioned will be phenomenal.

If this doesn't worj out, get a job for a few years and then go to b school if you still want it.

That said, keep on networking. You never know if some 50 yr old man will "help" a dancer out if you know what I'm saying. They typically are big patrons of certain kinds of popular dancing mostly found in dimly lighted clubs on the west side.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
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Jan 14, 2012 - 10:57pm

Definitely transfer if you can to a better school. If IB look on here at the top schools that place. Cornell was up there and I don't think is as hard to get into as other schools. I'm from a non-target and regret not going to a better school. I transferred to the school I chose with a 3.87 GPA and am a vet, I could have went to a way better school with way better career services. I regret it although I worked hard to get where I am now. I would say definitely transfer to a better school and make sure you research their career services before you go.

twitter: @StoicTrader1 instagram: @StoicTrader1
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Jan 14, 2012 - 10:58pm

I guess a better question to ask yourself is do you want to do IB for the long-term or are you looking to do the 2-year analyst route and go to PE/Hedge Fund route? That will determine your options.

As I am sure you are already aware MBA=Associate which is not typically the route to a PE/VC/HF...so think about that and make a decision accordingly.

If you are comfortable with IB for the long-term it may not be a bad idea to just stay at Pace, do very well and then apply to a top MBA program to break in. Worked for me...(didn't go to Pace, but went to a non-target UG and top MBA)

Jan 14, 2012 - 10:59pm

bootsnapper:

I guess a better question to ask yourself is do you want to do IB for the long-term or are you looking to do the 2-year analyst route and go to PE/Hedge Fund route? That will determine your options.

As I am sure you are already aware MBA=Associate which is not typically the route to a PE/VC/HF...so think about that and make a decision accordingly.

If you are comfortable with IB for the long-term it may not be a bad idea to just stay at Pace, do very well and then apply to a top MBA program to break in. Worked for me...(didn't go to Pace, but went to a non-target UG and top MBA)

lol @ IB for long-term - how many career bankers you know out of your analyst class? I can count with my fist

speed boost blaze
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Jan 14, 2012 - 11:01pm

Yllek:

I am so glad I discovered WSO and would like to introduce myself.

I am currently a Freshman double majoring in finance and computer science at Pace University. My senior year of HS my parents didn't let me apply for any reach schools, including NYU. I had a 4.0, 1990 on my SAT, and a flawless resume including several internships, national debate awards, leadership positions, & spearheading various initiatives for art and green technology in my city. Plus Im a trained vocalist, actress, dancer, and cellist.

I decided I wanted to be in IB my Sophomore year of HS and I don't plan on changing my mind regardless of how competitive it is. You guys sit on here and say IB is cut throat... try going to an audition. Musical theater is about as cut throat as it gets so Im prepared for the competition aspect. Now how competitive my credentials are going to be for Junior and senior internships is the real question.

I genuinely love Pace, and while I know I can get a good paying job in finance after graduating, I don't think its going to be easy getting into IB. Im setting my sights on Booth, Columbia, or Wharton for grad school. I currently have a 3.85 Gpa and plan to bring that number up by the time I finish undergrad,

So at the end of the day my real question is whether or not I should apply to target schools now (NYU, Columbia, UChicago, Red McCombs etc) and transfer risking the possibility of having to leave the city and having a lot of debt or should I stay at Pace, and continue being and honors student on a full ride and try to get as much work experience from internships that I can and save applying to targets for grad? Or could I break into IB either way?

I would really appreciate the advice especially from people who transferred from a non target to a target or went to a non target got undergrad and got an internship and/or job with a BB IB.

As a female applicant, you have access to a wide range of diversity events at nearly every bank. From J.P. Morgan and Morgan Stanley to UBS, nearly every bank will host a diversity event for young undergrad females. This is definitely to your advantage and you should research all of them online/bank websites.

I go to a tradition non-target that has an extremely small IB placement. However, since I'm an LGBT candidate, I attended LGBT diversity events and have had multiple offers for this summer (my sophomore summer). Build this network and use it because you can get into IB through it.

Jan 14, 2012 - 11:03pm

Most of the LGBT opportunities are through existing pipelines and it would be very hard to lie about being gay in the process because its such a small circle and the events require a lot of networking. But yes, there are opportunities. If you lie about being gay though and someone finds out...bye bye career.

Jan 14, 2012 - 11:04pm

Coste:

Most of the LGBT opportunities are through existing pipelines and it would be very hard to lie about being gay in the process because its such a small circle and the events require a lot of networking. But yes, there are opportunities. If you lie about being gay though and someone finds out...bye bye career.

Bisexual is in there.... How hard would it be to lie about being bisexual? I'm not suggesting doing this, but simply keep laying the women and be slightly more friendly with the men.

Jan 14, 2012 - 11:05pm

I'm not even going to indulge the thought because of how unethical it would be to lie.

If you lie the community is so small that others will find out. This isn't a one-stop use application "highlight". You will be involved in the very small gay wall street world, your bank contacts that met you through LGBT recruiting will want you part of the bank's LGBT diversity program.

Everyone always thinks about playing this angle but it doesn't work out the way you might think and the repercussions of faking being LGBT to get into a diversity program is deplorable.

Jan 14, 2012 - 11:06pm

Are you mad that you put Native American on ur harvard app but still got rejected?

speed boost blaze
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Jan 14, 2012 - 11:07pm

I went to a "prestigious" (hate that word) private high school and actually know someone from there who ended up at Pace. He was one of those guys in high school who was smart but incredibly lazy / poor work ethic. He had a total "I just don't give a f**k" attitude. Low GPA and ranked near the bottom of the class because he never did homework, turned in papers late (which were mitigated by good test/quiz scores), no extracurricular activities to speak of. The only thing he had going for him were decent SAT scores (1400+ out of 1600)

Somewhere along the way, he must have straightened out because he ended up working at Goldman Sachs upon graduation.

I don't think it's fair to say that BB firms are out because you go to a non-target. It will be harder, certainly, but definitely not impossible. It will take hustle, grit, networking and a little bit of luck but I think you can do it. You should go read some of those WSO success stories that are some variation of "non-target background, got a BB offer" for inspiration.

Jan 14, 2012 - 11:11pm

Hahahah

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
Jan 14, 2012 - 11:12pm

Haha seriously. Honestly, are you that risk averse that you would not take out some loans for 3 more years at some programs that offer great career opportunities? This appears to be your deciding factor so far.

I'm too drunk to taste this chicken -Late great Col. Sanders
Jan 14, 2012 - 11:16pm

laughing at the stereotyping because Im actually Italian and Im from Texas. Anyway, Taking the full ride just seemed like the best option, but Im now seeing that the debt is probably worth it.

Jan 14, 2012 - 11:10pm

Yes transfer - getting into IB is really tough even from a target. But targets have it exponentially easier since everyone comes to you. I would try to stay in New York actually since it helps you out a lot if you could get some internships under your belt before your junior year. If you can get a boutique IB internship before jr. year and have excellent stats you would be golden especially coming from a non-target b/c you would really stand out against your peers at the same school. Also if you put in the hard work to learn what you need to know for interviews and reach out to places as much you can its not that hard to do just that especially considering you are in living in NY 24/7.

I would focus on NYU, Columbia and Baruch (In spite of what everyone thinks they get a decent number of kids into IB and other Front Office positions ). If transferring to NYU try to transfer to Stern b/c CAS students have an uphill battle unless exceptional.

If looking outside of NY then I would focus on Dartmouth, Haas, Ross, and Wharton. I honestly wouldn't go to UChicago. Great for Finance at MBA level but no so much for at undergrad level in other locations than Chicago.

Jan 14, 2012 - 11:17pm

Not trying to be sexist.....but being a female that actually is interested in doing banking will set you apart a lot. Aside from the school part, just show that you are interested in finance and a likeable person - many doors will open up to you. You can also try to set yourself apart by going to a "target" like NYU etc.

Jan 14, 2012 - 11:19pm

Breaking into Investment Banking from non-core school (Originally Posted: 11/04/2014)

I am currently studying Economics at the University of Utah and I am very interested in breaking into the investment banking industry, I have been expanding my network, doing info interviews, and meeting new people at the cyclic rate for the last couple of months to up my chances. Any help or guidance would be appreciated. Thanks

Jan 14, 2012 - 11:20pm

Reach out to the contacts that you have made as recruiting season draws closer to the finish and tell them you applied online and how you could put yourself in the best position to secure an interview with their firm. If they are close enough contacts, they'll pass your resume along to the right folks.

There's a closer meaning to my user name. Try reading it quickly. Perhaps you will then understand ;P
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Jan 14, 2012 - 11:22pm

great advice. Honestly, if possible, do everything in your power to transfer to a target. It just makes things so much easier, honestly. I know a few folks who didn't want to do IB before November of their junior year, but were able to make up for it because of OCR, experience, and memorizing the OCR guides

There's a closer meaning to my user name. Try reading it quickly. Perhaps you will then understand ;P
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Jan 14, 2012 - 11:23pm

Need Advice - Sophmore at a non-target school looking to break into IB (Originally Posted: 12/16/2013)

What's up everyone? I'm in need of advice ! I'm currently a sophomore at a non-target school looking to get into investment banking. Just last week I had an interview with a bank and unfortunately did not get a summer internship. Although I'm pretty bummed about it, I'm determined to get an internship this summer. What do you guys recommend I do to land a good internship for the up coming summer? Thanks.

Jan 14, 2012 - 11:24pm

Build a network. Go to your school's career center and ask for an alumni referral (if there are any in the field) or alumni database and start networking. Just do informational interviews with them and around February you can reach out and try to get something for the summer. I have networked and afterward my network has CREATED an internship for me at their respective firms twice now. Find a networking guide on this website or another and read up on how to do it effectively and not shoot yourself in the foot. At my semi-target many sophomore internships don't even get spoken of until around March. Also, we place multiple students in IB all over the country each year, you don't have to have previous BB, or IB,experience to get in. When you go for it next fall, you just need a couple of internships that show you are passionate about finance and a GPA that shows you aren't an idiot. There are so many ways for you to do this, you've got this!

"Do I need to be liked? Absolutely not. I like to be liked. I enjoy being liked. I have to be liked. But it's not like a compulsive need to be liked. Like my need to be praised."
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Jan 14, 2012 - 11:25pm

Thank you so much for your advice and words of encouragement. Do you think it would be a good idea to cold email different firms such as boutique investment banks seeking an internship?

Jan 14, 2012 - 11:26pm

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Jan 14, 2012 - 11:28pm

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Jan 14, 2012 - 11:30pm

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