I can tell you guys across my group look at different things -- some look at school, some look at GPA, some look at work experience, some look to see if you're an athlete, some look at the whole package. How do you do laundry, or clean the apartment, you probably don't even have time to take a shower. Investment Bank Interview - Toughest Questions, Certified Investment Banking Professional - 1st Year Analyst, Investment Banking Interview Questions and Answers, As someone who used to review target resumes, Investment Banking Interview Case Samples, WSO Discount - Financial Modeling Courses, Hedge Fund Interview Sample Pitches - Long/Short, Financial Modeling Training Self Study Courses, Investment Banking Interview Brainteasers, 7 tips for picking up women and landing the job you want, Want to be a Trader? For some of you it's already too late unfortunately, some kids already have offers. I would say that getting a foot in the door if you're lacking a stellar GPA has everything to do with experience and self-marketing. I moved across continents, had to learn english for months, then I had to write papers my first semester in college, which messed up my GPA big time. You take the remaining pile, which is now probably half of the size and cull it based on overall quality. (Btw, I know you need a lot more than GPA to get an interview). The typical day would be 15 hour long but I know that it was worse for m&a bankers two floors below. 2015 (Originally Posted: 05/19/2015). Most of the time people are looking for a guy they can sit with for 100 hour weeks. Investment banking is providing advisory services for mergers and acquisitions, equity and debt offerings, etc etc. Let's say a BB bank has a minimum GPA requirement and you technically don't meet the requirement. A 3.7 is probably achievable with 3.9's and above in your next couple of semesters. So OP, you're right, there are many inconsistencies, which is why there is quite a bit of luck involved (and it REALLY helps to know someone). BB firms GPA cutoff - Is a 3.7? Furthermore, once you get over a 3.5, you begin to look like everyone else who holds a strong GPA. You look to see if people in that range also have amazing experience, then they get kept around. So I have already researched a ton into IB and don't think I really want to do it, but I still want to ask you a couple questions as you seem knowledgeable: If I come from a non-target but have above a 3.9 and am decently involved at my school, would it even be possible to get into a bulge bracket? I really want to quit banking. share. People suck at estimating how much time they spend working. Do you think there is a possibility of a breakup of the Euro currency? What exactly makes IB so stressful? Additionally, I was overworked, I didn't have enough time to study between the internship, commuting, and even working on weekends. Try TD securities, CIBC, WF securities, etc. At least 110 hours of actual work; the longest continuous period was probably 30 hours). -- Support WSO.com and visit these links! So I think, he's going to take advantage of this situation to let the markets weaken the Euro currency to a level he wants before launching a plan. Don't send me your resume, don't ask for stock picks etc etc. During my ECM internship, the minimum was 9 am to 10pm - 11pm and the max I did was 9 am to 4 am (it happened some times). At worst, you may be able to gear your internship search for companies that will be a better fit or get good practice interviewing in a high stakes environment. Damadoran- forgot how to spell it but it's this Indian professor that is the shit at explaining financial concepts. But it was written 39h in my contract but my boss was laughing when he read it. At least not consistently (I've probably seen a couple times where someone has actually been so busy that 90 hours is possible, but that's like one person in one crazy week.) Do the labor laws apply limiting work to 35 hours/week? 1st Year Analyst in Investment Banking - Industry/Coverage">. and worked at a MBB over summer and is at Goldman Sachs IBD TMT. The MD liked me and pushed me into the process without having to apply formally online with a transcript. different banks have different standards, and HR handles that, the recruiter designated by HR is told by HR the constraints, but with some rooms to be flexible depending on the recruiter him/herself, like is that recruiter an alum, if you major in something hard, or if you have a double major plus a minor, you are better off than someone who has a higher GPA but only with one major. In reply to Very random, Luckily I never worked during week ends except once or twice but I could do the job from home. Wow fuck that. Have other stuff you're interested in besides school. i dont think people are that impressed or gpa gives her that big an edge. GPA is just to reflect you're not an idiot. Hypothetically if I got an offer, would they rescind it cause my GPA isn't above 3.2? "professional" = anything in fortune 500, banking, consulting, IT @ F500, accounting, back office even...there's probably more I did not mention. investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Every bank has a cut-off, where most banks don't look at people under 3.5. Higher gpa and better credentials increases your chances at an interview, but as with many things in life, there is some aspect of randomness. Any advice? That is what I think I would enjoy. It's really fucking cool stuff, hearing what the CFO is thinking about for his or her company. Also, it depends on when we're looking at them. Don't let arbitrary cut offs hold you back, GPA cut off right now (Originally Posted: 11/29/2008). The difference between a 3.6 GPA and a 3.8 GPA really isn't much to recruiters - both strong GPAs - at that point it becomes what else do you have to offer - experience, ECs, school name, etc. By December, I will have to take 40+ hours to get to a 3.1 GPA, including retaking some classes. I don't think there is a risk of default. Prospective Monkey in Investment Banking - Mergers and Acquisitions">, 3rd+ Year Analyst in Real Estate - Commercial">, LOL at this new WSJ article on Apollo's Culture. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries), All-access Pass: All Interview Courses & WSO Services, For investment banking this year are GPA cutoffs around 3.7 for getting interviews BB and 3.8 for GS/MS/elite boutiques with 3.85 or so being the average GPA for kids who get the offer? Its all about a well rounded and CLEAN resume in my opinion. In reply to i heard in HK they care less by aceman, In reply to aceman wrote: Granted, I would take multiple stimulants (addy, Ritalin, etc.) But when people say 90-120 hr work week, take those numbers with a grain of salt. Let’s start with the answer: what you studied doesn’t matter. I learned a lot during the internship, which lasted for 1 year 7 months. ~ European lad trying to figure out why low GPAs are so common place on this forum. u/finguyspls. (implying they closely analyze a kid's resume and are open-minded over GPA), 4) "As a former recruiter, I don't even glance at their cover letters or work experience or clubs and activities. Investment banking is also quite competitive so you might need to have good grades too. Houston banks will be different than NYC or SF banks. Consulting firms have been edging up recruiting, with the big 3 applications due before Christmas break now. This guide will help you learn how to answer these questions and many, many more. good luck :), p.s. Banks provide dinner and Ubers home for free which is nice. What’s the typical gpa cutoff for ib interviews here? Terrible answer. The MM investment bank I worked at was located in the South in city much smaller than NYC. May we wish you all the best in your search for another opportunity. You're required to learn a shit ton of technical questions, have a story on why you want to be a banker, etc etc. He told me something like 'don't expect to finish your weeks on Wednesdays', ==> Well Societe Generale is getting better but is still behind BNP. Ivey. Everything about this is right, your career is a marathon not a sprint though. save hide report. This post was to create awareness. I've heard of some biases against athletes at Ivies because it's "how they got in". GPA cut-offs usually relate to the application process (i.e., if your GPA is below the threshold, your application won't be considered). Don't rely on HR/person filtering 2000 resumes to take the extra 5 minutes and looks it up. Lastly, technology has taken over many tasks that investment bankers do on the trading and analysis side of things, so it might be possible to get an Inv. WSB- ask questions but nothing you can't fucking google. (mine was barely a 3.5 and I was able to get an offer with hard work.. so it is very possible), Do you have any suggestions on banks that I should focus on? Anyone care to guesstimate the percentage of top tier US college juniors with 4.0 GPA? I don't know, in Canada you don't get any interviews for BB unless you are 3.7+, 3.5-3.7 you might get one with maybe the canadian ones. That said, if your resume does get a look, you will receive some credit for being at a reputable school. Had the unhealthiest lifestyle I'd ever seen. It mostly comes down to networking and showing genuine interest. If it's above 3.5, they get an interview" (implying that if 500 applicants have above a 3.5, then there will be 500 interviews), 3) "As a former recruiter, I've given interviews to kids with a 3.2 on their resume because I looked at his work experience and noticed he already interned at CitiBank." I know I am sitting duck a this point. Can confirm.

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