Tech. to IBD/S&T

Career Opportunities & Internships Investment Banking
1

<p>I am sophomore at a target school and I just got an offer from a top BB in technology division. I am both a CompSci major and a finance major. </p>

<p>I really want to break into finance, but was unsuccessful this internship season. I had an internship last summer in comp sci somewhere else, so thats probably when they gave me an offer. </p>

<p>What do you think my chances are in getting into IBanking or sales/trading, maybe even equity research at a bulge bracket? Has anyone been in such a situation?</p>

<p>I know that if you are just a tech person and want to internally go front office, it's very difficult....But since I am studying finance and will be looking for internships next year, will I have an edge in competing with so many other candidates? </p>

<p>Plus, does anyone know what the banks do with sophomores once they have finished their summer internship? I mean, we cant work full time until 2 years laters...so do they just offer another summer in the same division, or offer opportunities to try out different things within the firm?</p>

2

<p>Dude you’re at Penn doing a dual degree in finance and engineering; that puts you at the top of the recruiting list at any bank. As long as your GPA isn’t total crap, you should have no trouble getting interviews at any of the BBs. The only reason you were unsuccessful this year is because banks simply don’t recruit sophomores except for highly selective URM programs.</p>

<p>In other words, stop worrying. From personal experience I promise that come junior year, you’ll have more interviews than you can handle</p>

3

<p>^seriously. The top 42% at Wharton get into banking, not including those who got offers/qualify but chose some other career path. <a href=“http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2009Report.pdf[/url]”>http://www.vpul.upenn.edu/careerservices/wharton/surveys/Wharton2009Report.pdf&lt;/a&gt;&lt;/p&gt;

<p>Compare that to Haas, where only the top 40% get admitted into the school, and the top 10% of that group break into Wall Street</p>

4

<p>Of course, it’s much much harder to get into Wharton than it is UCB.</p>

5

<p>yes but those statistics are from 2009 but the labor market is even worse that it was then. I talked to juniors here who have 3.7+ and couldn’t get 2nd rounds for BBs. </p>

<p>Basically my question was just if this summer’s experience will be any benefit for finance internships. I keep hearing people on CC say that irrelevant experience doesn’t give a major boost.</p>