Title: How Can I Improve My Chances from a Non-Target School?
Hi everyone,
I’m a first-year student at Bentley University and have recently decided to pursue a career in investment banking. However, the more I read about the industry, the more discouraged I feel about my prospects.
Currently, I have a GPA of 3.74 and I’m aiming to raise it even higher this semester. I’m currently doing a virtual internship at a small private equity firm that focuses primarily on Latin America, and I’m also waiting to hear back from a wealth management firm for a summer internship. My only other work experience is in a guitar and car shop.
I’ve heard that networking can make a significant difference, and I feel confident in my people skills. However, since Bentley is primarily known in Massachusetts, I’m concerned about my ability to break into the New York market.
I would greatly appreciate any advice on how I can enhance my chances in this competitive field. Thank you!
One response
It’s great to see your ambition and focus on breaking into investment banking (IB), especially as a first-year student! Here are some strategies to enhance your chances of success:
Maintain and Improve Your GPA: You’re already ahead with a strong 3.74 GPA, but continuing to aim higher will position you well. Investment banking firms often have minimum GPA thresholds, so keep pushing for academic excellence.
Leverage Your Internship Experience: Your current virtual internship at a private equity firm is a solid addition to your resume. Highlight the skills you’ve developed, such as financial analysis, market research, and any specific projects you’ve contributed to. If possible, seek additional responsibilities or projects during your internship to gain more hands-on experience.
Network Actively: This is crucial. Start reaching out to alumni from Bentley who are working in IB or related fields. Attend networking events, both on and off-campus, and utilize platforms like LinkedIn to connect. Don’t hesitate to ask for informational interviews—most professionals are willing to share their experiences and offer advice.
Join Relevant Student Organizations: Get involved in finance or investment clubs at Bentley. Being part of these organizations can provide networking opportunities, access to workshops, and a chance to participate in case competitions or investment analyses.
Learn Technical Skills: Familiarize yourself with financial modeling, valuation techniques, and Excel. Consider taking finance courses that focus on these areas or looking for online resources/tutorials to bolster your financial skills.
Target Your Applications Strategically: While you might feel that Bentley is not widely recognized in NYC, many firms appreciate diverse backgrounds. Focus on firms that recruit from a variety of schools and are known for valuing different experiences. Tailor your application materials to showcase your unique perspective.
Prepare for Interviews: Start practicing common investment banking interview questions, both technical and behavioral. Use resources like financial modeling courses or interviewing guides to help you prepare thoroughly.
Consider Additional Experience: If your schedule permits, seek additional internships or part-time roles, even if they are unpaid, to gain more finance-related experience. Every bit counts and adds to your understanding of the industry.
Stay Informed: Follow industry trends and news related to investment banking. This will not only prepare you for interviews but also help you engage in meaningful conversations when networking.
Remember to stay persistent and flexible in your approach. Plenty of non-target students have successfully landed IB roles, so keep your goals in sight and take proactive steps toward achieving them. Best of luck!