Do you need a college 4.0 at for a strong finance internship? (From an Ivy)

[Anonymous]

My DC is at an Ivy and says that the chatter is that you need a 4.0 through fall of sophomore year to at all be in the running for a strong finance internship after junior year. Is this true or similar to what you've heard?

My kid is working their tail off for this as As are 95+ and averages on most exams are 70s, 80s. Doing ok so far but it'd stressful--93/94 in several classes.

[Anonymous]

Depends on what you mean by a “strong” finance internship.

If your kid is at an ivy, why don’t you let them figure it out themselves?

[Anonymous]

No. You need connected parents or uncles or grandparents.

[Anonymous]

3.7

[Anonymous]

You need a parent in finance with connections or be an athlete on the right team.

[Anonymous]

Huh?
3.5 at Cornell at IB job.

[Anonymous]

Anonymous wrote:Depends on what you mean by a “strong” finance internship.

If your kid is at an ivy, why don’t you let them figure it out themselves?

Bulge Bracket strong

[Anonymous]

How social is your kid? How connected? That matters a hell of a lot more.

[Anonymous]

Anonymous wrote:My DC is at an Ivy and says that the chatter is that you need a 4.0 through fall of sophomore year to at all be in the running for a strong finance internship after junior year. Is this true or similar to what you've heard?

My kid is working their tail off for this as As are 95+ and averages on most exams are 70s, 80s. Doing ok so far but it'd stressful--93/94 in several classes.

Even at the Ivies, you need a connected parent to get the significant junior year internships for Wall Street.

[Anonymous]

Oh, for the days when an ivy kid with average grades and no finance background could still get a good banking job and the bank would just teach them everything they know. The current situation is just awful.

[Anonymous]

Anonymous wrote:My DC is at an Ivy and says that the chatter is that you need a 4.0 through fall of sophomore year to at all be in the running for a strong finance internship after junior year. Is this true or similar to what you've heard?

My kid is working their tail off for this as As are 95+ and averages on most exams are 70s, 80s. Doing ok so far but it'd stressful--93/94 in several classes.

total BS. 4.0 is rare and many of DC's friends got great internships in finance or adjacent with 3.8+

[Anonymous]

Anonymous wrote:Oh, for the days when an ivy kid with average grades and no finance background could still get a good banking job and the bank would just teach them everything they know. The current situation is just awful.

Still true, every day of the week, no question

[Anonymous]

Depends on what you define as a "good finance job." You don't need someone capable of getting a PhD in finance to work on a trading floor or do 14 hours a day in i-banking.

In some banks/firms--they look for athletes and ex-military who can withstand the grueling days...whether your kid wants that is a different story. And of course having connections always helps too.

[Anonymous]

Anonymous wrote:No. You need connected parents or uncles or grandparents.

This is no longer true on Wall Street. Connected family does not help unless connected and the scores are above whatever the threshold is.

[Anonymous]

Low 3.9s here, signed in MBB consulting, don't think anyone I know below a 3.8 placed well