West Coast Transferring and IB Internship Advice
Hi everyone,
I have been lurking on this site for a while and have learned a lot, so thanks for that.
I wanted to get your guy's opinion on what I should be doing right now as an undergraduate in the process of transferring to a target. I am currently at 3 CC's in LA transferring this next fall(not one of the CC's had all the classes I needed). I am sophomore but when I get to a target I will extend my graduation date to have time for more internships. I do not know which target I will get into as I am submitting my apps now. I have attended a university before this in Utah and transferred to LA to have better backups(UCLA, UC Berkeley). I currently am going to school full time and am an intern at a boutique property management company. I understand that I am more screwed than before as a transfer in terms of timelines for breaking into IB, I am still transferring anyway for social and academic reasons.
My current understanding of the path I should take for IB is target -> Some finance internship -> AM,WM,IB,PE,ER,CO,HF internship -> IB internship -> full time IB offer.
I eventually want to go into REPE and so is my understanding of the above path correct? My current plan was to just get into a target and get my GPA as high as possible alongside some business club/finance club extracurriculars. Is that a decent plan? Also, should I be preparing now for a WM or AM internship 2020 summer(not 2019 since I won't be at target yet(unless I'm missing something?)). I see applications for internships opening earlier and earlier for almost everything so I want to make sure I am not missing anything. Should I be applying now for other finance related internships even though I am at CC and have not taken finance/accounting courses? I am a philosophy major with a minor in finance and math and I have not taken any finance classes yet, I know I will need it for DCF's and other stuff for IB interviews but will I need it for AM/WM internship interviews? In addition, am I competitive for AM/WM internships?
The reason I ask all of this is because I recently networked and got an offer to interview for a WM Summer internship for 2020 with my name passed along so I just want to make sure my plan is sound and I know what I need to learn by then to ace it.
Im just really lost besides my knowledge stated above, so if anyone could help me wrap my head around this I would be eternally grateful. Also my current Gpa is 3.7, should be 3.8 by end of fall. I already have some business club extracurriculars and fraternity treasurer positions as well.
Thank you all!
Jew
Not sure why someone threw shit, this is a valid question and you've clearly done an inkling of research. Yes, your thought process is correct. Once you transfer, make sure to take an extra semester for the additional summer of recruiting it gives you. You'll be a junior on paper but you'll recruit as a sophomore. Make this clear to recruiters. The biggest thing is going to be your GPA. You need that sucker as high as humanly possible, so don't drop the ball your first semester transferring. Personally I'd turn philosophy into a minor and pick up econ or finance depending on the school into your major. Sure you'll have more courses to take, but you need the extra summer anyway for recruiting so it's a win win. Don't worry about not having any finance class experience. Recruiting occurs so early, no one has the classes for knowing DCF's LBO's or really any technical questions by the time they're interviewing. You need to self-teach all this via guides online. Work on securing that WM internship and you'll be in a good place.
Thats good to hear, I feel a lot more at ease with my plan now. I'll make sure to take an extra semester and change my major. Thank you for replying and clarifying that!
Did you call UCLA and Cal your "backups"? LOL
lol yah, I didn't mean it in a cocky way or anything. In state students just get priority admission to UCs and since I am a philosophy major the competition to get in is very low so I am pretty confident of my chances. In addition, there are UC public records each year of admission rates and to UCLA/Berkeley the top quartile have above a 3.7 in philosophy.
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