What Is More Important For Getting Into I-Banking?

fibows · 05-16-2007, 10:30 PM

I'll try to make this as short as possible. I want to hear opinions.

I go to a tier 3 school, and am fairly involved (fraternity, club sports) and a 3.7 GPA, Finance major and Accounting minor. This summer I am beginning a multi-year internship with a bulge bracket Wall Street Investment Bank.

What are your opinions on my chances of getting into an I-banking job after college or landing a position in a big four accounting firm, in New York City, after college. I know that many say to get these positions you need to go to Ivy's or top tier schools, but I would think a multi-year internship would be more important.

happycosmos · 05-17-2007, 05:54 AM

"This summer I am beginning a multi-year internship with a bulge bracket Wall Street Investment Bank."

Which department? Back office?

fibows · 05-17-2007, 10:20 AM

No, front office. The fixed income department.

bipolarbear · 05-17-2007, 07:23 PM

Is Fixed income part of the trading department?

regardless of where it is, your chances are like 90%, and 100% if you don't do something stupid. you should know that all half decent interns get extended full time offers, so congrats.

edit: by the way, what the heck is a multi-year internship? didn't know they existed

fibows · 05-18-2007, 12:27 AM

Yea, it lasts two years. Thanks for your input.

CatchaFire · 05-18-2007, 10:07 AM

wow.. you are set for a job upon graduation, as long as you prove that you're not stupid and mess things up. congrats

happycosmos · 05-19-2007, 02:01 AM

Yes, ask intelligent questions, don't be afraid to take on menial tasks, talk and hang out with your colleagues after work.

Above all, don't do dumb things. You should be fine. That said, a full-time job offer is never a guarantee because something unexpected may happen e.g. the firm closes down, merges, etc. Or maybe they just don't need an analyst in 2 years' time.