should I apply for EVERYTHING?

Im at a semi-target so we'll have a few BBs recruit on campus for SA positions. Because I'm not a finance major, I know that the campus recruiters wont ask too many technical questions.

My goal postgrad is to work at a finance job in a good firm, that's the bottom line. Ideally it'd be a full time IB analyst job at a BB. But I'm trying to prepare for the worst at this point, which is not getting an SA job during campus recruiting.

What should my strategy be in terms of looking for summer positions? I have taken a few higher level econ courses but have 0 experience in finance and minimum experience in Excel.

  1. Should I apply for jobs like in ECM and Prime Brokerage etc if I really want to do IB? This includes taking up jobs in asset management and research. I figured working for Morgan Stanley at ECM is still 100x better than working at John Doe accounting office making copies right?

  2. Do I even stand a shot at getting an SA job at a boutique, coming from a good school with a good gpa but 0 practical skills? I look at boutiques as a mom&pop shop so they wont have the BB patience or resources to teach you. If you cant help them, they wont hire you. Am I right?

 

Make your story a bit more logical.

If you want to work in finance, why no experience or finance related coursework? Think of a creative answer to this obvious question.

Apply to as many placea as humanly possible, so you don't get stuck in "John Doe Accounting"---> On that point, why did you reference an accounting XYZ co., do you think that's going to help you down the line?

Good luck.

 

hey thanks for the reply. I dont have any finance experience because I was under the impression that you dont need prior finance experience to find internships. And also finance internships are extremely hard to find as a sophomore so i did some other stuff like work in a non profit organization. I just mentioned accounting because well it looks like business and i was always under the impression that business is the same as finance. I now know otherwise.

just worried about not getting an SA offer anywhere.

 

that's some messed up logic! You said "I was under the impression that you dont need prior finance experience to find internships". Are you kidding? While its not a prerequisite for doing the work, you are competing with a very dedicated candidate pool much of the time. At the very least it shows your interest in the field. Unlike other disciplines like marketing, finance actually requires some hard skills. You will have a difficult time competing with candidates which have taken a more focussed approach.

 

Sunt aut sit doloribus et voluptas. Voluptatem molestiae veniam consequatur. Facere dolores reiciendis at fugit ut deleniti ad. Sit consectetur ut omnis laudantium qui.

Non vero sint aliquam alias asperiores. Aut autem omnis amet. Consectetur molestias quo deserunt fugiat voluptas facilis. Maxime beatae odio dolorem numquam et qui.

Labore ut facilis quae sequi aliquid. Ea distinctio vel dolorem laboriosam voluptatibus quia. Velit omnis possimus consequuntur soluta vel ducimus. Id repellat dolor ipsam aut distinctio.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”