What banks are more accepting of non-targets?

Hey guys, does anyone know of any banks that are more willing to take on non-target finance majors as summer analysts? I have been building a decent network, but with limited alumni, my networking is mostly cold emails and LinkedIn connections. I've gotten some positive feedback and had my resume passed on to HR at a couple of Boutique/MM banks that recruit in January, but I am hoping to find out if anyone has ideas of where else to apply/network.

Thanks in advance for the help and any advice for a non-target athlete you care to pass along is appreciated.

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Comments (35)

Nov 29, 2017 - 1:52pm

I have heard a bit about Barclay's being a bit less exclusive than other BBs, but I did not know Blair and Baird were as well. Thanks for the advice.

Best Response
Nov 29, 2017 - 12:54pm

As a non-target, your best bet is to cast a wide net. Don't bother searching precisely which firms are more receptive. Network & apply everywhere. It's a numbers game.

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Dec 1, 2017 - 11:08am

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Dec 1, 2017 - 11:36am

There are groups at certain banks that tend to hire more non-target kids than others. Try and search through LinkedIn to find these groups or at least just find as many banker from a non-target as possible. They are more likely to respond to your emails because they understand the grind.

For example I just searched "investment banking" "state" on LinkedIn and the first three results are bankers that graduated from Iowa State, Ohio State and Michigan State.

Dec 1, 2017 - 8:51pm

Don't be afraid to consider working at elite boutiques, and smaller shops. People are snobs and look down on smaller shops. Honestly, you'll get more responsibility and experience early on in your career at places like these. Surprisingly Elite boutiques also pay around 10% more on average than some BBs.

"A man can convince anyone he's somebody else, but never himself."
Dec 2, 2017 - 9:44am

Keyser Söze 123 Good point. I certainly would not be opposed to working at an EB.

I have wondered if the career track would be smoother at an EB than a BB for someone coming from a non-target since there are so many more analysts at a BB it might be easy to get passed over. Of course, I've never worked at a BB so I could be wrong.

Dec 2, 2017 - 9:45am

As a non target student, which types of banks should I apply to in order to increase my chances of getting a internship? (Originally Posted: 09/16/2017)

I'm From the university of Maryland college park, I wanted to learn more about Investment banking And wanted to get a internship as a summer analyst in IB. What types of banks should i be applying to in order to increase my chances at Getting a SA IB internship? Should I apply to boutique banks, MM banks?

Dec 2, 2017 - 9:46am

The best way to increase your chances is to apply to as many banks as possible. Just because it seems like it is impossible to land an interview with a BB doesn't mean you shouldn't at least put yourself in the running. Depending on how strong your resume is, you may be able to squeeze by with a few chances at large banks. (coming from a nont-target who has gotten first rounds with JPM and Goldman with no networking). Good luck!

Dec 2, 2017 - 9:48am

Agreed with what other people said, also apply to BB regional offices, you might have a better chance

Dec 2, 2017 - 9:49am

If your school has an alumni network, you should get on that and compile a list of people who work at MM, BB, boutique firms then send out your 30 second pitch on your finance story, asking for internship opportunities there. Send it to as many people as possible, low hit rate doesn't matter because you just need 1 internship. Also try branching out to AM, S&T, not just IB. Not sure if you have investing experience but if you're trying to "learn about IB" through an internship I'm gonna go with not much. Better off landing an easier gig in AM and building on that experience for later years.

Dec 2, 2017 - 9:56am

You can definitely land at a BB, I networked pretty hard and have had interviews w/ BAML, JPM, etc. I'd definitely suggest applying to smaller shops too though. Kinda like someone else here posted, apply all over the place. Make sure you network with someone at every place you apply to though.

Dec 2, 2017 - 9:57am

Boutique Firms for the NON TARGET (Originally Posted: 08/21/2010)

There are alot of "non target" threads on the forums but not many advice or answers. Yes, I want to strive for the top and work for a BB but what are some realistic internship opportunities for a non target student and what are some firms that are less "target" based.

Dec 2, 2017 - 10:02am

Take out references at the bottom. They know you'll have them upon request. Modern resumes omit this.

I'll do what I can to help ya'll. But, the game's out there, and it's play or get played.
Dec 2, 2017 - 10:03am
“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
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