I go to Bentley College, a small business school near Boston that has strong finance/accounting programs. I am looking to break into investment banking when I graduate. However, I feel at a huge disadvantage because I do not go to a prestigious university.
Each year, big i-banks such as Goldman Sachs, Merrill Lynch, and JP Morgan hire college graduates with only a bachelors degree from the likes of Harvard, Princeton, Yale, and even some non-Ivies like Carnegie Mellon. I am not one of those people. However, I do boast a very good GPA and plan on getting a finance internship this coming summer.
With that said, how are my chances of landing a position at one of the big investment banks in NYC? And if they are indeed low, what can I do to obtain that type of position without an MBA? Remember, I am looking to break in with just a B.S. in finance, but without the brand name.
2007-01-15 14:24:52 · 3 answers · asked by KrazyK 2 in Business & Finance ➔ Other - Business & Finance
don't fret. i know the good 'ol boy system is alive & kickin' . special treatment given to ivy league schools, etc., cause of either contacts made in school or diplomas from their respective schools. you'll most-likely have to begin at the bottom but if you are nearly as smart as you say, you won't be there for long. just because mommy or daddy has/had connections, that does not mean you can cut it. sometimes these ivy leaguers are disappointments. like cream, my friend, you will rise. besides, two things will also take place: you'll have enough time to know if that's what you want & where you want to do it, dig? i worked on wall street years ago. make a fortune in both $$$ and experience. loved the money & but not uncertainity. good luck!
2007-01-15 14:42:08 · answer #1 · answered by blackjack432001 6 · 1⤊ 0⤋
You don't need to be ivy league to get a Wall street job. You just got to find someone on the inside to give you a job. Eighty percent of the people working in the brokerages are let in that way. Just make sure you have at least your series-7.
Plus offer to work for free the first 3 months, it will increase your chances.
Peace,
2007-01-15 14:30:39 · answer #2 · answered by George 3 · 2⤊ 0⤋
Sure, you can but it'll be extremely difficult. I-banks love the Ivies and Stanford and this year they turned them away in droves. People I know with double relevant majors, internship experience, and over 4.0 gpas were still turned away. You might be better off aiming for a boutique, but keep in mind that personality and confidence are a HUGE factor. Also, um, did you just name Lehman? Are you confused?
2016-03-28 23:34:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋