IB after undergraduate?

Career Opportunities & Internships Investment Banking
1

<p>Hello all, feel free to be harsh on me or whatever…</p>

<p>So I am in my second semester of third year undergraduate study. I had been a pre-med student until last semester, and I decided after an internship that medical school was not for me. My true interest had always been in the financial industry, and I quickly came to realize that I had been fooling myself due to pressure from family.</p>

<p>So that said, I want to break into the investment banking industry. I was not granted any investment bank interviews (probably due to my low GPA of 3.1) and I come here for some advise in planning my next and last year of undergraduate studies.</p>

<li>Summer after third year study</li>
<li><p>The most relevant opportunity that I have received is a financial advisory internship at Merill Lynch. I was not offered any interviews at investment banks.</p></li>
<li><p>Academic year</p></li>
<li><p>Take more relevant courses in subject areas such as accounting and mathematics and do well in them.</p></li>
<li><p>What else should I be doing, any recommendations?</p></li>
<li><p>Summer after graduation</p></li>
<li><p>Are there internships in the investment banking industry for those who have just graduated? I am unaware of any… perhaps I should appeal to the Dean’s office so that I can stay for an extra semester?</p></li>
</ol>

<p>So is it too late for me to break into the IB industry? I just feel really lost and don’t know what to do. ANY kind of advice is welcome. Please, help this poor fella, haha</p>

2

<p>I'm afraid it is too late. The IB industry has changed, the numbers of IB analysts being hired have drastically been reduced, even at targeted school. Those applicants have at least 3.5 GPA.</p>

<p>However, IB is not the only finance profession. If you wish to stay in finance, you can do a number of jobs, including financial advisory. Talk to your college career counselor. Good luck.</p>

3

<p>if you've been premed, presumably you were majoring in something? Biology? Go after firms that are heavy into biotech stocks -- contact those guys directly and see if you can wangle an informal internship out of them. BRING UP THAT GPA. if you cant get a job with a bank, etc, try to get a job with a biotech company, grunt there for 2 years, get a good MBA</p>

4

<p>It's not too late, the transition period for kids who read like you is typically to try again after an MBA. You want to get the best job you can for 3-5 years, do very well on the GMAT and get into the best possible MBA program you can in the next few years.</p>

<p>There will be fewer jobs on Wall Street for a few years. Even 3.7's at Harvard will not get jobs as readily as they did in the past. Work hard!</p>