Top Public School, But no finance experience. Help please

jeezus, that is a mediocre gpa for econ. what happened?

respell, for starters:

statistics, microeconomics, macroeconomics.

that's cosmetics. you rightly point out you have no experience.

go for AM or PWM internships, even if unpaid, if banking and boutiques don't work out for you.

You look like an idiot saying you put 100% of your money into Samsung.

Only 10 companies? Really?

I am sorry to say you don't have a resume that is good enough to be choosy. Its a numbers game dude.

100-110k, bahahahaha, no chance, you'd be lucky to be making 40-50k.

Some of you are pretty harsh especially given you are still in college yourself and have never recruited.

jhseong -- your gpa isn't stellar but at the same time, it's not too low that it's going to completely prevent you from getting interviews. If asked about it, I would try to say that you have spent a lot of time working as the Founder/President of your company and, while it has affected your gpa somewhat, you have worked hard to keep it at a respectable level. You don't have any direct IBD/S&T experience, but you still have some good experiences... which is fine. As a junior, I agree with the other posters that you have to reach out to much more than 10 groups. Broaden your search to include any internship that will give you relevant finance experience. Not sure I understand the Samsung section either. Overall formatting looks good. Nice & clean, easy to read.

Patent on the wrist protection mouse pad in 2003? Is this the one commonly seen with the "lump" in the front that is used to rest your wrist on? Are you receiving royalties?

i think people on this forum can be a little too harsh sometimes. no, you're not a shoe-in due mainly to your lower gpa, but a 3.2 in Cal econ is by no means a deal breaker.

take heed to the above comments on general formatting and content (a little confused about the samsung part myself), but the biggest issue that's preventing you from getting calls back is your lack of relevant experience in banking or finance. get an unpaid internship this spring in banking or pwm, and you will be a very solid candidate.

nevermind

Hi, so this is jhseong. I agree to some extent that putting all my money in Samsung group may seem a bit retarded, but , in fact, I effectively diversified the money by spreading out the money by different industries in Samsung group. That's how I generated over 60% of profit. I really appreciate all the feedbacks that you guys gave me. However, I'm still not sure how to reword those that seem weird. Can you please give me feedbacks more specifically?
I'm always learning from the mistake I made, and truly want to improve this resume.

I'll probably just do unpaid internship during this summer, since I know that my lack of finance experience doesn't really appeal to hiring mangers.

Please give me help!

Equity is equity and correlation goes to 1 when shit goes down. I think it's stupid because you shouldn't be a 100% net long investor with no kind of hedge or offsetting position, unless you are doing genuine asset arbitrage. No matter how good your diversification across industries is, that will get you fucked unless you are buying dollar bills for 50 cents and have a controlling stake. It also sounds like you're trying to pick up risk premia unless every single Samsung subsidiary you invested in is generating alpha for you, which is unlikely. In that case, you are hardly diversified enough.

This is just general investing advice. On your resume, you can say you put X amount of money into Samsung and made Y% because of Z to highlight one good investment that you made. Which is what you did...just take out the % of your capital part.

Personal Investment in Equity Seoul, Korea

• Invested in $1000 in the Samsung Group equity, resulting in 63% increase of value through the application of market trend analysis • Diversified equities across different industries, including from Samsung Electronics, Samsung SDI, Samsung Insurance, and Samsung C&T, yielding a consistent profit in Bear market
• Used a Buy and Hold stock strategy based on a long term vision after analytically understanding the company annual report

So I just took out the capital part. Would this look better? how to reword it effectively....

First of all, ignore the people who are calling you an idiot because you invested in 1 stock. Some of the smartest people put all their eggs in one basket and make big concentrated bets. Diversification is for people who don't know what they are doing.

Just make sure to watch that basket.

Let's see what I see here.

A Haas-reject econ major with a sub-par 3.2 GPA. The only relevant coursework completed is Corp Fin and Financial Accounting with some made up company. I'd honestly say the only thing impressive about your resume is your experience in the Air Force (which I assume was part of your mandatory military service?)

Let's put it this way: if you are a US Citizen / Permanent residence, then you still got a shot (focus more on areas around California because you are a long shot for NYC) but if you are an international student then sorry to say but you have no shot. Let's be realistic here, noone's going to pay thousands of dollars to sponsor a Visa for you with those kind of achievements.

People posting here don't realize how big of a school Cal really is - it is fucking huge. Aka. you are up against tough tough competition esp those in Haas and even the engineering school. Good luck lol.

Did you even read what I wrote? Whether or not you are an idiot for buying a small basket depends on the wad of cash you are swinging. If you are a retail equity investor, stocks are pieces of paper subject to all kinds of systemic risk. If you are a private equity investor, who cares if business valuations hit rock bottom as long as your cash flows are okay. But you will never see the majority of cash flows from a public equity as a small fry. Your liquidity depends on the value of the asset and thus diversification matters. No amount of watching is going help you in a black swan event.

Buffett doesn't diversify as much because he has no liquidity issues if Berkshire drops 50%. In the long run, he is arbitraging around cash flows and asset values because he has huge stakes that allow him to unlock value.