Path's to becoming a Investment Banker

<p>Hi… I just finished my first year at Indiana University - Bloomington @ the Kelley School of Business… my CUM GPA is a 3.87… and i will be a sophomore finance & accounting major this coming fall… what do i need to do inorder to secure a IB internship… </p>

<p>any advice/experience/suggestions would be appreciated.</p>

<p>It will be pretty hard since you don’t go to a target school. I’d suggest you try to work at a MM firm in Chicago (where people will be more familiar with your school) next summer and hopefully network with people who could recommend you for a BB SA internship junior year.</p>

<p>weasel8488… that is one of my biggest delimmas i am from bergen county, new jersey… and I am unsure if I should stay at IU and hopefully get into Investment Banking Workshop at IU or if i should try to transfer to schools such as NYU stern, Boston College, Umich, CMU… but from the Jr’s/sr’s i have met who are in the IBW at IU… they all have said that the workshop deff teaches you and gives them a hands on experience that prepares them well for wallstreet… I dont know what i should do…</p>

<p>Did you go to BCA by chance? Several of my classmates went to AAST. </p>

<p>The workshops might give you the skills you need to do the job, but you need to get the job first. Unless you are really attached to IU, I would recommend transfering to a school which does better getting students IB jobs.</p>

<p>i hear IU places well in the midwest. the business school is legit, and I hear the investment banking workshop places pretty well too. Your GPA is great, just do a LOT of networking (reach out to alumni) and try to get a solid finance intership for next summer (doesnt have to be IB… private wealth at a big firm or equity research are good Sophomore summer jobs) and you may have a chance.</p>

<p>Trying to transfer to a target is not out of the question either 3.9 from Indiana business school will get you places</p>

<p>no… i actually went to a public school… i live near the oldtappan/tenafly area (wealthy suburbs)… but the thing is weasel… if i trasnfer to another school starting from my Jr year… do you know if other schools such as CMU,Stern, have investment banking program/clubs/wkshops/etc…, that will prepare their students for a career in wallstreet or is it all self taught… also… i know places at NYU stern alot of students want IB jobs… where as at IU… most of the students are not motivated enough and only a few want IB jobs… if i stay at IU i will be deff in the top 10 % of my class… if i go to somewhere like stern i will prob be late/trailing other sternies and I MIGHT have like a 3.4-3.5 GPA at Stern where as at IU ill have a 3.8+… do you think its worth the risk to go to a better school</p>

<p>yeah… im actually a marketing intern here in NJ… and i was a memeber of 3 clubs… along with being a k-201 peer tutor… and i know i need leadership positions…</p>

<p>Well if you don’t think you can pull a 3.5 from Stern then you might be better off with a high GPA coming out of IU. I’m really not sure.</p>

<p>no i think i can pull a high GPA… im just saying “what if”… and also ill be sorta behind compared to other sternies… and i know that interviews for summer intern IB start at the fall/winter of one’s JR year… so it would hurt me… weasel are u a college student or a IBanker?</p>

<p>I’m a rising sophomore at Princeton.</p>

<p>Do you also want to become an investment banker?..</p>

<p>If you do want to become an investment banker… how are you preparing yourself ?</p>

<p>I’m not really sure yet, but I’m definitely keeping the option open. I’m majoring in the sciences and getting a finance certificate (sort of like a minor). I do a few extracurriculars that allow me to showcase personal qualities (leadership, etc.) and try to maintain a relatively high GPA (3.70+). I got a research internship this summer. Next summer I’ll try to get an internship at a boutique IB in New York. Hopefully I’ll get good recs that I can leverage to get an internship at a BB junior summer.</p>

<p>The first step on the <em>path</em> to investment banking is knowing how to use an apostrophe. This will put you in the top 50% of the English speaking population, and the top 25% of the CC population.</p>

<p>oh ho… i think we got a standup comedian over here… or just a wiseass…,‘’'</p>

<p>I think it’s pretty hard to predict what your GPA at your own school is going to be (even after one year); let alone what it might be at another school you’ve never been to.</p>

<p>get into the ibanking workshop at kelley
they had 100% placement rate last year or something too</p>

<p>kmzizzle… that is my main goal right now to get into the IBW at IU… I will only stay at IU if i get into the IBW… but first i need to make sure I want to do investment banking and … the f228 investment banking class is full right now for the fall semester and i am in 4th position on the waiting list i would be extremely upset if I am not able to get into the class… because there is only 1 f228 class in the fall semester and if I do take it in the spring semester it might be too late because if I want to transfer I have to start writing college essays and do applications by late Dec/ Early Jan…</p>

<p>If I do not get into the f228 class… I have been thinking about just going to the class every day, buying all the textbookmaterials, studying for exams, just like I would if i was a student in the class… do you think that is too over the top?</p>

<p>Gellino… that is a good point… I was just being half cocky/half serious.</p>