<p>I am a freshmen at UNC Charlotte and am majoring in accounting, finance, and German. With a good GPA, do I have any shot of breaking into IB or is IB reserved for only target schools?</p>
<p>EDIT: Out of curiosity, would fluency in German give me any edge for DB?</p>
<p>Investment banking isn’t ‘reserved’ for ivy leagues, however, that is where most of the recruiting takes place.</p>
<p>Shoot for a 3.70 GPA and get involved with anything you can on campus. Find out if there are some decent finance clubs. Also, try to obtain some sort of internship this summer or next that is involved with business in anyway possible. German will be very helpful for any global bank.</p>
<p>Network like crazy too; get to know people at your school who are leaders of certain groups and also get into contact with graduates of your high school and college.</p>
<p>Good luck!</p>
<p>Being at a non-target makes things a lot more difficult these days.</p>
<p>You have a shot, even though you’re from a non target. It’d be easier to do it from Chapel Hill, so transferring there wouldn’t be a bad decision. Get a 3.75+ and network. Get involved in finance clubs and other organizations where you can get good leadership positions.</p>
<p>You definitely have a shot - I broke in from a non-target. That said, it is difficult and will require a lot of work, relevant internships and a lot of solid networking. A strong GPA will definitely help you and decent internships, even if in boutiques, will help take some of the focus off of your lack of u grad pedigree. Beyond that, you will want to utilize finance and, specifically, IB-related school clubs and organizations as both a means of demonstrating your interest in the field and making contacts/building your network.</p>
<p>PM me if you have any other questions and good luck.</p>
<p>IBanker</p>
<p>What would you guys say is the success rate (% of all applicants) )for landing summer analyst positions? </p>
<p>Just ballpark.</p>
<p>^Depends on where you’re coming from. But low. Even if you come from Wharton or Harvard you have to do well in interviews. It’s not easy even from those 2 schools.</p>
<p>It depends if you are talking about just BBs, BBs and elite boutiques, any IB position, or any FO position. In any case, the previous poster is correct that the success rate is fairly low. That said, casting a wider net (not just going for BBs and elite boutiques) definitely increases your chances. Additionally, the success rate takes into account everyone applying, not just the best or brightest, etc - in other words, there are many applicants who aren’t very competitive for a number of reasons, which definitely helps to bring down the success rate. </p>
<p>IBanker</p>
<p>The good news is that you are a freshman. Get an unpaid internship at one of the local investment banks that serve local small-cap or small-mid-cap companies. Won’t be glamorous but will give you an experience you can talk about. Work your butt off and get great recommendations. THen next year “upgrade” your internship. By the time you are a junior you will know more about this business than 99% of ivy leaguers.</p>
<p>LEarn more from here: [YouTube</a> - Mergers and Acquisitions Jobs](<a href=“http://www.youtube.com/watch?v=zp6x6RzrR08]YouTube”>http://www.youtube.com/watch?v=zp6x6RzrR08)</p>