Target, 3.1 GPA, Engineering, Need Help

Background: Junior pursuing Engineering at a Target in India (Majority of BB's came for back/middle office recruitment). No one in India hires engineering graduates for their front-office roles and the thing is I cannot tolerate coding even for a second so that is off the table. Pursuing MBA is always an option, but my aim is to work at an IB straight out of my bachelor's. Took advantage of classes being held online, bought CFA Books, applied at almost 200+ internships (all outside India) but to no avail, now networking my ass-off and hoping to get something.  Question: Am I crazy for wasting my time and thinking that if I push enough, I can get my foot through the door, or should I just start preparing for GMAT? Thank You in advance.

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Comments (9)

Most Helpful
Sep 10, 2021 - 11:15pm

Networking should be the way to go then. Else start prepping for CAT/GMAT and do an MBA/MiF straight out of undergrad. The problem with FO roles in India is that even out of undergrad those who do get in these roles, start at a level below your regular IB analyst role (say Junior IB Analyst) and you will still be required to spend two years in this role before being upgraded to the regular IB Analyst role (I heard the top ones can get transferred internally to London/NYC/SG) although the pay would be half of what a fresh undergrad + MBA candidate would make whilst still working those hours (GS Junior IB Analyst enters office at 12pm and leaves around 3/4 am in the morning). Although the work hours could still be inflated right now because of increased deal flow due to the IPO market heating up in India(relatively speaking), you'd still want to think whether you'd really want to work hours similar to a regular FT IB Analyst hire from the IIMs/XLRI for half/less than half the pay. Hope this helps. Cheers.

Sep 11, 2021 - 5:43am

Thanks a lot! I'll surely keep this in mind and devote more of my time to networking

One last thing if you don't mind, where to find bankers email for networking? So far I've been using LinkedIn but most of them do not put their email on their LinkedIn accounts. "Contact Us" section of a firm's website only has an email address for queries or maybe of their MD's or Partners but not VP's, Associates, analyst etc. And bankers live in their inboxes, so any resource or tip on this would be helpful.

Sep 11, 2021 - 6:06am

I don't think LinkedIn will be of much help then. Try reaching their batchmates(i.e. those you can reach) via their social media accounts and get them to act as intermediaries or best: to get their contacts. Happy Networking and ATB!!

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  • VP in IB - Cov
Sep 11, 2021 - 11:10am

I got into IB with a bachelors in engineering. No mba. Would be happy to share my experience and how I made the move if you want to pm me. Curious what engineering degree you're pursuing as well.

Sep 11, 2021 - 12:30pm

Yes of course, I would love to connect with you and know more about your experience. It would mean a lot, but I can't pm you since nothing seems to happen when I tap on your username, it's set to anonymous which probably explains the reason. This might seem ironic but could you pm me, since this is the only way? Also, I am pursuing Electrical Engineering with a minor in Mathematics & Computing

Sep 11, 2021 - 2:46pm

How is your uni a target when you yourself mention banks don't hire there for fo roles?

If your uni isn't b/d/m/bits main campus then you have probably zero chances straight out of undergraduate,there just aren't that many spots.

Now if you want to work in India, prepare for cat 

If abroad,take the GMAT and get a pre experience master's like a msc in finance or a mim.Your engineering major will definitely help

Sep 11, 2021 - 4:19pm

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