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goldson's picture

3.8 From Non-Target?!

Is a 3.8 from a non-target make you stand out at all or is it pretty much barely making the acceptable cut?

No votes yet
hodeez's picture

You need more than grades to

You need more than grades to be noticed by the banks.

goldson's picture

Re: You need more than grades to

tyang wrote:

You need more than grades to be noticed by the banks.

no shit sherlock, but i was just talkin about if the grades themselves are impressive assuming if u have all the other relevent internships, etc.

sternfox's picture

A 3.8 from a non-target,

A 3.8 from a non-target, second rate school is nothing special.

JackDole1029's picture

Re: You need more than grades to

goldson wrote:
tyang wrote:

You need more than grades to be noticed by the banks.

no shit sherlock, but i was just talkin about if the grades themselves are impressive assuming if u have all the other relevent internships, etc.

Why don't you take a step back asshole. Tyang is right, you need to provde more than a gpa at a non-target.

IronBanker's picture

i had a 3.88 from a good

i had a 3.8+ from a good non-target (good school in many respects, but not a target for wall street) and I got an offer from a MM bank in NYC. It also came down to this last bank otherwise I wouldn't be in banking. Had only two interviews at BB's one of which only took one person back after on campus interviews.

It is indeed tough, but not impossible. the others are right, you need to be the cream of the crop from your respective non-target.

but back to the original question, a 3.8 is certainly respectable. as long as you have access to interviews and have good interviewing skills, you will have a shot.

freeloader's picture

It's good enough to pass the

It's good enough to pass the bar, but not good enough to be a selling point.

net worth or nothing's picture

3.8 is gonna get you a

3.8 is gonna get you a job!

BB? Well maybe? Not necessarily. But you will get a job. Does that make you feel better, huh, should we read you a bed time story. Need to take a nap? huh? Go play with your investment banker action figures.

Do'nt come to this board with your insecurities, you already know this shit with 128 monkey points.

net worth or nothing's picture

Go do some cool shit:" study

Go do some cool shit:"

study abroad
badass internships
start a company
travel the world
found an orphanage in ethiopia
get involved with a microcredit non-profit

Think creatively, get off this board. If you still think I'm silly, read a chapter on mean reversion and how this board and that concept inter-relate.

net worth or nothing's picture

Not to say this board sin't

Not to say this board sin't helpful, but your question can't be fully answered here.

sternfox's picture

goldson, what's your majors?

goldson, what's your majors?

alongcamepeter's picture

tip for your interview,

tip for your interview, leave out the sarcasm!

LudvigJ's picture

Dude after what I've been

Dude after what I've been through, the answer is not only will you not stand out, you won't get an interview. I have a 3.8/4.0 and three 4.0/4.0 in my triple major gpas (at my current school, North Dakota State University) and got no responses. Thanks to the people on this board though, I'm now on the right track. I'm going to graduate early (already furfilled my reqs) and get a Masters in Finance from the University of Maryland. From there, I will finally be able to furfill my dream of working at Goldman Sachs TMT.

PoppingMyCollar's picture

you're funny ludvig

you're funny ludvig

freeloader's picture

Omg, when are you kids gonna

Omg, when are you kids gonna learn that GPA doesn't get you an interview? GPA is the basic cutoff, emphasis on cutoff. A bad GPA can cost you the interview, and a good GPA won't guarantee an interview.

zayn's picture

Re: A 3.8 from a non-target,

sternfox wrote:

A 3.8 from a non-target, second rate school is nothing special.

What exactly is considered a "second-rate" school in the eyes of the Ibanking world anyway?

LudvigJ's picture

Anything that is not Ivy

Anything that is not Ivy League, Stanford, Duke, MIT, NYU Stern

prospie's picture

Re: Anything that is not Ivy

LudvigJ wrote:

Anything that is not Ivy League, Stanford, Duke, MIT, NYU Stern

yeah, you got it man. Michigan is totally a "second rate" feeder into investment banking.

LudvigJ's picture

Prospie, Michigan is not

Prospie, Michigan is not considered a target school. Good luck.

I'm coming from NDSU, which most consider to be better than Michigan in academics (not football) and still didn't get any replies.

pitchbitch's picture

Are you serious Ludvig? NDSU

Are you serious Ludvig? NDSU doesn't have anything on Ann Arbor.

freeloader's picture

Lol. Lud, you really don't

Lol. Lud, you really don't know much about quality do you...

Vector1990's picture

Re: Go do some cool shit:"study

bryan1 wrote:

Go do some cool shit:"

study abroad
badass internships
start a company
travel the world
found an orphanage in ethiopia
get involved with a microcredit non-profit

Think creatively, get off this board. If you still think I'm silly, read a chapter on mean reversion and how this board and that concept inter-relate.

I once read an article where a recruiter from ML specifically said they try to weed out applicants with "caring" extracurricular activities such as "Starting an orphanage in Ethiopia". Is this true?

sternfox's picture

Re: Go do some cool shit:"study

Vector1990 wrote:
bryan1 wrote:

Go do some cool shit:"

study abroad
badass internships
start a company
travel the world
found an orphanage in ethiopia
get involved with a microcredit non-profit

Think creatively, get off this board. If you still think I'm silly, read a chapter on mean reversion and how this board and that concept inter-relate.

I once read an article where a recruiter from ML specifically said they try to weed out applicants with "caring" extracurricular activities such as "Starting an orphanage in Ethiopia". Is this true?

screw those pussy-faced bastards! Weeding out AK-47 arms dealers to africa makes more sense!

net worth or nothing's picture

Re: Go do some cool shit:"study

sternfox wrote:
Vector1990 wrote:
bryan1 wrote:

Go do some cool shit:"

study abroad
badass internships
start a company
travel the world
found an orphanage in ethiopia
get involved with a microcredit non-profit

Think creatively, get off this board. If you still think I'm silly, read a chapter on mean reversion and how this board and that concept inter-relate.

I once read an article where a recruiter from ML specifically said they try to weed out applicants with "caring" extracurricular activities such as "Starting an orphanage in Ethiopia". Is this true?

Merril really isn't the gold standard now is it?

Although I do wish I had bought a few shares at 65 back in December 05.

net worth or nothing's picture

My basic gyst was to not be

My basic gyst was to not be the typical gay ass USA wannabe who interns at X, Y, Z...but who still is worthless.

Do something cool, but be creative and diligent with what you choose.

JambaMan's picture

you have to remember that

you have to remember that relevant internship experience is crucial from non-target schools.

Who gives a flying hoot if you went to so and so country or helped at this orphanage. Your trying to convince the bank that you are as good as the target kids and there is no better way to do that than to get prior internship experience in finance hopefully at a well-regarded firm.

net worth or nothing's picture

Re: Dude after what I've been

LudvigJ wrote:

Dude after what I've been through, the answer is not only will you not stand out, you won't get an interview. I have a 3.8/4.0 and three 4.0/4.0 in my triple major gpas (at my current school, North Dakota State University) and got no responses. .

I thought you had a 3.98 overall. what is it LUDVIG!!!!

nyc123's picture

I could jack off on a piece

I could jack off on a piece of paper, hand it in and get a 3.98 at North Dakota State.

sherminator's picture

Not this whole NDS argument

Not this whole NDS argument again, but tier 1 schools are basically Ivies, Duke, Stanford, MIT, UVA, MICH, Stern...maybe Northwestern/Berkeley if you're really lenient

JambaMan's picture

Northwestern and Berkley if

Northwestern and Berkley if your really lenient?

Yes, for undergraduate ibanking recruiting Northwestern and Berkeley are not as heavily recruited, but at the MBA level Northwestern's Kellog School and Berkeley's Haas are both very heavily recruited for Ibanking.

sherminator's picture

Re: Northwestern and Berkley if

JambaMan wrote:

Northwestern and Berkley if your really lenient?

Yes, for undergraduate ibanking recruiting Northwestern and Berkeley are not as heavily recruited, but at the MBA level Northwestern's Kellog School and Berkeley's Haas are both very heavily recruited for Ibanking.

Yea, I meant undergrad. And Northwestern/Berkeley/Chicago...etc are all tier 1 schools...maybe I should have distinguished between Uber targets and targets

baloogafish's picture

Texas either BHP or NON-BHP,

Texas either BHP or NON-BHP, but McCombs is a target or non-target?

raoul duke's picture

Re: Prospie, Michigan is not

LudvigJ wrote:

Prospie, Michigan is not considered a target school. Good luck.

I'm coming from NDSU, which most consider to be better than Michigan in academics (not football) and still didn't get any replies.

HAHAHA, who are these 'most' you speak of. Not adcom, and not the street.

Oh, you must mean ND state natives.

MRbanker1's picture

work the alumni connections

work the alumni connections with your school. that with a great resume and leadership can get you in the door, barring you can interview

PoolSideBanker's picture

Re: Prospie, Michigan is not

God you are a fucking idiot. Michigan not a target? Michigan is top ten in terms of Wall Street placements.

Good luck with your bullshit MA at Maryland. News Flash - Goldman TMT is not going to hire you after that program. You will be lucky to get an interview with Wachovia...

If I were you I would strongly consider a career selling beer coozies on the beach in Mexico.

LudvigJ wrote:

Prospie, Michigan is not considered a target school. Good luck.

I'm coming from NDSU, which most consider to be better than Michigan in academics (not football) and still didn't get any replies.

LudvigJ's picture

Poolside, Guess you didn't

Poolside,

Guess you didn't hear, but University of Maryland is ranked by US News & World Report as one of the top 25 B-schools in the country.

What makes you think I won't get hired by Goldman TMT?

My academic accomplishments so far (3.98 overall, 4.0 in three majors) combined with a finance background (MS in Finance from U-Maryland) should make the type of well-rounded candidate Goldman Sachs TMT looks for (at least that's what I've been told).

freeloader's picture

Guess you didn't hear, but

Guess you didn't hear, but US News' B-school rankings don't mean much to anyone.

And as to why you're not gonna have much of a shot at GS TMT (or most places): you think a well-rounded candidate is someone with a high GPA and a MS in finance. That's kinda the opposite of a well-rounded candidate...

brackmdj's picture

You better have more than a

You better have more than a good GPA and a masters in finance from tier 2 and 3 schools...because I think the masters puts you on the same "level" as all the target candidates; so you better have some bombass XC's to back it up.

...in addition to being a pretty fucking cool person to hang out with.

Alison1986's picture

"Anything that is not Ivy

"Anything that is not Ivy League, Stanford, Duke, MIT, NYU Stern"

"Not this whole NDS argument again, but tier 1 schools are basically Ivies, Duke, Stanford, MIT, UVA, MICH, Stern...maybe Northwestern/Berkeley if you're really lenient"

NYU Stern is not at all better than Berkeley Haas. Haas is not only ranker higher than Stern, but Berkeley is ranked way higher than NYU. It's true, compared to the Ivy League schools, Berkeley is not as heavily recruited. But, as far as west coast schools are concerned, Berkeley is at the top - right up there with Stanford as far as recruiting is concerned. The only potential caveat is that east coast banking positions can be limited. Still, firms like Lehman Brothers and GS take quite a few Berkeley interns and analysts. I know this isn't the topic of this post, but I can't let people who don't know the truth post inaccurate facts aboout schools.

By the way, a 3.8 from a non-target is not a competitve GPA at all. Unless maybe you're an engineering major.

monkeypoker's picture

I think this has been beaten

I think this has been beaten to death here. If you think a great GPA alone will be the deciding factor you are wrong.

To the OP and Ludvig especially - Here is what you need to know: Going to the University of Maryland will NOT be your solution. If anything, you can (and should) make it happen right now from NDSU.

How? You need to be very proactive in talking to people that work at these banks - i.e. IBD, S&T, Capital Markets, and Research. Understand that regardless of being able to meet in person (North Dakota is pretty far from NYC) - if you come across as articluate, able, and driven over the phone (this comes with gaining confidence) - they will appreciate your effort, and may very well pass your resume through the proper channels.

At that point - you will be in the running from NDSU (or any non-target). Will an interview arise from every contact made? Probably not. Will you get some interviews? Its a numbers game - but probably.

That's how you guys should be approaching this process. Do not look for alternative routes. You are standout students at your schools. Most people will not show the initiative by making contacts, and therefore you are a big fish in a small pond. You are a unique candidate coming from North Dakota. At U Maryland, some big banks may take a few top candidates - but your chances will not be increased - in fact, the competition will probably decrease your chances. Hit up alumni, any type of connection to any firm, or anybody who works in finance for that matter. Chances are that your friend knows a friend, and you work from there. Enough said.