Determining realistic 2025 SA internships to apply to for

Non-diverse sophomore at a non Harvard/Wharton Ivy. I have a 3.7 and relatively little finance experience but some other pretty interesting/impressive experiences. Is it worth my time to apply/network for junior summer SA spots at EBs or is my GPA going to be an issue? Trying to develop a list of places to apply and focus my networking. All advice/opinions are appreciated. Thanks

 

Get as many ppl on the phone with as many ppl as possible. Your school probably has a lot of alums, at a range of places. Their advice on how your past experiences will play at their firm would be better than anything on here. As for where to reach out first, try the places u rly want to work at first (EBs ig) then move to what would be the next most interesting thing and so on. Try to have your target list driven from genuine interest as much as what is realistic.

 
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Cast as wide a net as you possibly can (in the roles that you’re interested in). Network with as many alumni as you can, productively and meaningfully (in the roles that you’re interested in). Apply to every single bank and put extra effort to get the referrals for the banks where you have alumni. Any other approach would be cocky. Which banks you have alumni at determines which banks you network with (primarily) and ultimately get referrals to. Using any other factor to target banks is arbitrary and presumptuous in my experience. You have a better chance at the large bank that hires from your school every year than the microboutique that has never hired from your school. 

Recruiting is unpredictable. I’ve had candidates get rejected from my MM, in first rounds and in superdays, that then go on to secure better BB offers. I was personally rejected from random boutiques while getting interviews at low BBs and eventually securing a job at my MM. You try your best with every bank and see where you land and go from there. In other words, it’s not that 50% of people “realistically” focus on EBs and get EB offers and 50% of people “realistically” focus on tiny boutiques and get tiny boutique offers. Rather, 100% of people do their best to prepare for, network with, and apply to 100% of opportunities, and the cards just fall how they fall. If you’re not happy with where you start, you plan to move. Every year many people from my MM lateral to EBs or BBs and most of the time it’s based on connections they made when networking in undergrad (hence my advice above).

 

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