what is the average GPA needed to land a internship in corporate finance?

Killua1234's picture
Rank: Orangutan | 300

im a Econ major at a non target (UMD) who is a freshman right now. I wanted to get a corporate finance internship during the summer after sophomore year. I was wondering what GPA do I need in order to qualify for a internship? is a Econ Major good enough?

Comments (25)

Jan 14, 2018

It's going to vary company to company. Some will require a 3.5 hard-stop and others won't mind a 3.0.

An Econ major is definitely good enough. Just work hard as per the advice of your previous respondents to up that GPA and tick the boxes on the other reqs and you should be solid.

Jan 14, 2018

I joined a international economics club. does that relate anyway to the internships I'm applying to?

Jan 15, 2018

Probably not haha but if you enjoy the club and actually do something in it, then it's fine. Is it mainly just a speaker series kind of club?

Jan 15, 2018

@yogurt_dynamics got it right. Above a 3.5 and you are golden- Some companies cut off at 3.3, others at 3.0. Just apply to a bunch of reqs online and also try to reach out to the managers and recruiters at those places. Show that you have a real interest in the company and you'll do alright.

Also, don't give up at any point this academic year. I got the offer for my college internship in the last week of April.. Some companies don't know what they need til a month before they need it.

    • 1
Jan 15, 2018

if I did bad my first semester(2.8 gpa) will it be impossible to get a internship by the summer after sophomore year?

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Jan 15, 2018

What is your cumulative GPA now? It's definitely not impossible to get an internship with a bad GPA, it's just that the cards will be stacked against you, and you might get auto-dinged when applying online. This means you'll have to lean more heavily on networking to get an internship.

The good news is that you're only looking for an internship after sophomore year. While it would be great to have an internship that summer, it's by no means necessary.. I spent that summer sitting on my ass reading WSO, trying to figure out what I wanted to do with my life. I thought I'd be working that summer for my brother, but the contract he was relying on fell through. Anyway, my junior summer I got a F1000 CF internship, and then landed a top FLDP offer after that.

Think of it this way, your junior summer is ideally spent in the internship that will land you your target full-time job. Your sophomore summer is ideally spent in a role that will land you a junior summer internship. It's like the "internship for an internship". That said, often times you don't actually need to do anything at all. If you want to be an overachiever, take anything that seems remotely financial.. Grunt work at a small PWM office, part time accounting work for a family farm, whatever. Anything that helps craft your answer to "Walk me through your resume."

Worst case scenario, you sit on your ass and read WSO (and learn a ton in the process). Not the end of the world.

    • 2
Jan 16, 2018

I also messed up finance courses, I fell from A and A+ before the final exam to like B/B+/A- , I feel like shit right now.

I suggest you take other finance courses that are available and get As in those, no point in re-taking this.

Jan 16, 2018

a C is a 2.0

Jan 16, 2018

first off, 1.8 is lower than a C.

second, no ones going to scrutinize your transcript

third, i would only be concerned if the said 1.8 or C or whatever accurately reflects your 'friends' technical knowledge.

Jan 16, 2018

More important is WHY you scored so low......

Jan 16, 2018
UFOinsider:

More important is WHY you scored so low......

it has to be either
1. laziness and/or overconfidence (most likely case)
2. lack of ability (not usually the case, these courses involve nothing special to master)

Jan 16, 2018

I screwed up in intro to corpfin because I was very distracted and lacked drive. I retook it and 4.0-ed, and then did very well in my other advanced finance classes.

You can recover and still make yourself a marketable candidate. If your GPA is good, you shouldn't worry. Laziness can be fixed.

The real issue is if a lack of ability led to your friend's downfall. If he really cannot grasp the concepts no matter how how hard he tries, he is in deep shit.

Jan 16, 2018
whateverittakes:

The real issue is if a lack of ability led to your friend's downfall. If he really cannot grasp the concepts no matter how how hard he tries, he is in deep shit.

^ yup.

Good GPA is really helpful. If your GPA sucks, you get creative with recruiting. But if you can't do the work......

Jan 16, 2018

Take other finance classes and Ace those.

Jan 16, 2018

Well no one looks at your transcript before you get the offer. Assuming you do well with technicals in interviews, it's highly doubtful they will revoke it during background check.

Jan 16, 2018

Tell you friend not to worry. He can still get into banking regardless of grades. But, make sure your friend knows when I go through the drive-thru, I need lollipops for my kids. It keeps them quiet for a bit.

Jan 16, 2018
David_Puddy:

Tell you friend not to worry. He can still get into banking regardless of grades. But, make sure your friend knows when I go through the drive-thru, I need lollipops for my kids. It keeps them quiet for a bit.

that's fucking funny +1

Jan 16, 2018
Comment

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.