Trading Summer Analyst GPA questions

Hi all,

I apologize in advance if this post is a little long but I would really appreciate any help.

I currently have a 3.3 GPA; however, I am doing absolutely fantastic this year and would have to do something quite dramatic to not end up with atleast a 3.8 by the end of this semester. With that, my cumulative GPA should be a 3.5 at the end of this semester. My problem is that many banks (I am applying to s&t if that isnt obvious) have their resume drop deadline before this semester ends. I really want to put my GPA on my resume as a 3.5, but I do not know if this is a smart move. If the banks check my transcript before this semester ends they will think I am lying, but if they check it after everything will be fine. Advice?

Also, a related question, how much rounding is acceptable for the GPA and would a strong SAT/ACT (2300+/35) score atelast slightly offset a low GPA?

Thank you for your help in advance.

Averaging together Cumulative GPA plus semester GPA for resume

Averaging together you're current or predicted GPA and your current GPA on your resume is a bad idea. If some unexpected event happens and your grades slip in one or two classes it could make a significant difference in your cumulative GPA. You've submitted a resume with an inflated GPA. If you get a return offer the bank will likely require transcripts. This can happen sooner in some cases. Then it's a matter of whether the inflation is caught or not. However, it's better not to risk getting an offer rescinded over a few decimal places.

Use whatever GPA you have currently as long as it meets the minimum requirement of the firm which is typically 3.2. At that point, there should be a focus on networking and getting someone at the firm to vouch for you. Once your foot is in the door you have the chance to blow them away in your interview.

from certified user @APAE

Network. It relegates a lower GPA or test scores to a position of less importance. I literally have your exact same stats all the way down to the standardized test scores. I worked my ass off though, got an invite to an S&T superday at Morgan, was convincing in my presentation, and you know what? It worked..

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Comments (11)

Dec 6, 2010

You're essentially asking if you can forecast your future GPA and put your best guess on your resume? It's a huge risk, and I'd advise no. You usually have to submit your transcript along with your resume anyway, so that's what they'll look at to verify your grades. Even if they won't get your transcript until next year, you haven't taken your finals yet, and something "quite dramatic" can always happen. You really don't want to end up with a number on your resume that doesn't match your actual grades.

GPA rounding has been discussed before. Just use common sense: rounding a 3.56 to a 3.6 is OK, rounding a 3.31 to a 3.4 or 3.5 is not. A strong standardized test score is certainly a plus, but it won't replace your GPA; it might even lead a picky interviewer to wonder about your grades. When I went through recruiting I was in a boat sort of like yours (GPA below a 3.7 and a high SAT score). One partner I did an informational interview with looked at my resume and asked me: "You have a great SAT score, so you're obviously very smart. Why are your grades so low?" It's not a common question, but I'd be prepared for it.

With your grades you need to focus on networking, as you're unlikely to make it through a resume screen without someone pulling for you; being as it's probably too late to do much more of that, just put your SAT on your resume, ask any contacts for help, and hope for the best.

Dec 6, 2010

Network. It relegates a lower GPA or test scores to a position of less importance. I literally have your exact same stats all the way down to the standardized test scores. I worked my ass off though, got an invite to an S&T superday at Morgan, was convincing in my presentation, and you know what? It worked.

A GPA is important, doubtless. But as long as you meet their minimum threshold (3.2 or 3.3 for most companies) to get yourself in the door, it's what you do to differentiate yourself that matters more than four tenths of a point on your transcript.

Dec 7, 2010
A Posse Ad Esse:

Network. It relegates a lower GPA or test scores to a position of less importance. I literally have your exact same stats all the way down to the standardized test scores. I worked my ass off though, got an invite to an S&T superday at Morgan, was convincing in my presentation, and you know what? It worked.

A GPA is important, doubtless. But as long as you meet their minimum threshold (3.2 or 3.3 for most companies) to get yourself in the door, it's what you do to differentiate yourself that matters more than four tenths of a point on your transcript.

Will you elaborate on how you Networked your way into S&T at MS? Specifically, who you called/emailed i.e. VPs or human resources etc., how you got in contact with them, and what you said?
That is impressive, do you go to a target school?

Dec 6, 2010

Another thing that you can do is when you (hopefully) get interviews through networking- good post from A Posse- is to bring an updated copy of your resume with your new GPA on it. That way you say something like "here's an updated resume with a higher GPA blah blah". GPA isn't the be-all-end-all, but higher is better. Good luck.

Dec 7, 2010

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Dec 6, 2010

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Dec 7, 2010

Thanks a ton for the incredibly helpful and detailed response! Sounds like you did all the work to land this position. I will be attending a few networking events in NYC over spring break. Do you have any other ideas or recommendations to make a lasting impression while at these networking events?
Congratulations on the offer and good luck with the rest of the semester.

Dec 13, 2010

What is your major GPA? If that is currently above a 3.5, you can put that there and then cumulative as a 3.3 after it. Good SAT/ACT do help. Also make certain the rest of your resume is strong. Your interest, skills, activities, leadership, etc.

Do not stretch or misrepresent ever. Only headaches and deadends exist down that path.

Dec 14, 2010

Struggled my first few semesters with a major I couldn't stand. Currently have a 2.9 from a target school with great (read: GREAT) extra curricular activities/on campus stuff (varsity, club founders, etc). Resume has impressed a lot of people, but I've omitted my GPA. Should I continue to do so?

Dec 14, 2010

Put the SAT/ACT score on there... They won't do a background check before semester ends anyway... also, I have never been asked for a transcript for a bank if it was an internship position, though for FT I have to submit one after accepting the offer...

Dec 13, 2010
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