What are the moves? Rising sophomore

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Comments (28)

Jul 3, 2017

heard you were top bucket

hope to see you there ;)

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Jul 3, 2017

I don't exactly understand what you're asking for here. You answered your own question by saying "I'll be applying to BB/EB/MM IB analyst positions this summer/fall but probably won't end up with anything since I'm not at that age yet." I mean I don't know if you're trying to show off or not but literally just go to OCR and get a better network and you should be fine..

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Jul 3, 2017

pretty much how do I progress... I have a summer to fill between now and junior SA recruiting and idk what to do with it tbh. I'm assuming BB IB is off the table but I wanna hear others' exp with that stuff. it seems like if I send my application through online, I'm going to get cut due to my grad year. correct me if I'm wrong.

Jul 3, 2017

Hmmm I'm in the same boat as you. I would advise to just get more experience in finance. Try Corp Finance or something else in the mean while. I mean only certain banks take sophomores or if you're a minority.

Jul 3, 2017

yeah i like the idea of corp finance, it's just kind of vague. i don't want to bounce around too much tho cus i already got PE and PWM and if I wanna end up in PE/IB i think i should stick to those. prolly shoot for analyst positions at boutiques.

Jul 7, 2017

OCR?

Jul 7, 2017

on campus recruiting

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Jul 3, 2017

Small boutique IBD is a good option for the following summer considering you will have already had the pwm experience this time. Seems like you're definitely on the right track though

Jul 3, 2017

word if you did boutique IB did you get your foot in the door w/ cold emails? i send a lot of them but only responses i get are pretty much they aren't looking for folks.

Jul 3, 2017

I didn't personally do it, but friends have gone the cold email route + some may post on your school's career platform

Jul 3, 2017

Similar Situation, 3.5 at a target, d1 athlete with leadership within student organization. However I have no internship experience. I am an URM and was wondering if i have a legit shot a sophomore diversity positions even though I have no internship experience?

Jul 3, 2017

that's pretty fresh. you should def take up those diversity programs, sounds like you got a good story

Jul 3, 2017

Probably - not many sophomores have too much in the way of internship exp.

Jul 3, 2017

The "move" is to start networking more. You have good stats, just develop your connections

Feb 12, 2018

deleted

Jul 4, 2017

Lol Asset Management is not a middle office role.

Jul 4, 2017

my bad

Jul 8, 2017

Is the AM position only for your school? I can't find it on the JPM website

Apr 22, 2018

delet

Jul 6, 2017

i've heard the timeline ranges. some rly small ones dont really have online apps. i'm going to probably hope for some MM stuff but boutique in nyc would be dope. good luck!

Jul 6, 2017

Maybe I'm completely off-base here, in which case the wiser users on this forum can refute this, but I do not think it is important to obtain a finance-related summer internship as a rising junior.

Two anecdotal data points:

1) Buddy #1 spent all summers before junior year doing manual labor (construction / landscaping / city zoning enforcement) and also studied abroad for 2 months during the summer between soph and junior year. Kid got like a 2350 SAT, was probably way too smart to be at a Big Ten school, and ultimately landed an MBB gig.

2) Buddy #2 worked concessions at a stadium and waited tables as his sole work experiences before junior year. Got an SA offer at an elite boutique.

Both were incredibly sharp dudes, polished, articulate, and most importantly, could spin a compelling story about why they wanted to go into consulting/IB.

Point is, being smart and having an interesting/coherent story matter far more than whether or not you got a BS PWM or boutique IB gig.

If you can get a front office internship...great, by all means go for it. It can be a valuable experience if you make the best of it. But just know, your ultimate outcome during junior year recruiting hinges more on your ability to seem more intelligent, personable, and interesting than the 10 other guys at the superday.

Jul 6, 2017

big 10. sorry man, that's about as much detail i'm willing to provide

Jul 7, 2017

look man, it sounds super cool to read the stories of some guys with no pedigree/exp to their name getting into these sick gigs because they "had an interesting story," but the majority of people getting in aren't doing whatever before recruiting

he says that seeming "more intelligent, personable, and interesting" are key factors but lmao i'd be damned if working in construction was the trick to unlocking those three assets. nothing wrong with construction or any of those jobs btw but i'm pretty sure i'd seem more intelligent applying for a finance position with experience in finance.

Jul 7, 2017

yeah idk, there's nothing I can do to prove my convictions because admittedly, I don't have a n>25 randomized data set.

I would say for the majority of us average people - smart enough but not THAT smart, personable enough but not THAT charismatic - you probably are correct in saying that you need relevant experience.

And while common sense might dictate that you would seem smarter applying for finance jobs with past finance experience, IB recruiting is one of those things that defies logic.

OP, It's all about polish and charisma man

Jul 8, 2017

cool dude.

even if your post was right its still meaningless. if it rly was "all about polish and charisma man," then what would you suggest i go about doing next summer? forgo the internship and practice giving speeches in front of a mirror and beg dad to buy me some bespoke suits and patek watches?

im not even doubting my own polish and charisma (honestly i probably have more of it than actual technical knowledge), but you're really missing the point of this post.

"IB is one of those things that defy logic"

your post reminds me of those kids with shit SAT scores and GPAs that were applying to top colleges saying their intangibles would get them in. im sure you can guess the outcome.

Jul 8, 2017

An IB applicant with - a full ride from a shit school, 2300+ SAT, leadership positions in fraternities/philanthropies/finance clubs, sound technical knowledge through self study, a solid awareness of macro trends, AND has networked his ass off - does not rely on "intangibles" simply because his work experience consists solely of jobs that children like you look down on.

Practicing speeches in front of a mirror and having bespoke suits does not equate to polish and charisma.

Can you speak intelligently for 5 minutes about any topic (sports, economics, policy, movies, books) that might be brought up during a casual conversation with a 60+ year old silver-maned MD?

Can you tell engaging stories and make people laugh?

These "intangibles" are, to an extent, innately determined. But I firmly believe they are trainable skills

This DOESN'T mean you SHOULDN'T go for a finance internship to get your feet wet.

It just means you should probably focus more on reading widely, consuming as much knowledge on as many different topics as possible, learning proper English conventions in written communication, and partying your heart out with friends during these last few years of freedom before submitting to corporate enslavement.

Speaking as probably the only member of this thread who actually is currently in the industry, no one really fucking cares that much about a random PWM od boutique internship.

Jul 8, 2017
Jul 7, 2017