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

[Anonymous]

OP here. Darn. It was a slog to get into the Ivy and now the reward is.... more slogging. Great. I guess he had the summer before college as a break.

It's not easy to get a perfect GPA at his school. He's working his a$$ off.

[Anonymous]

Anonymous wrote:OP here. Darn. It was a slog to get into the Ivy and now the reward is.... more slogging. Great. I guess he had the summer before college as a break.

It's not easy to get a perfect GPA at his school. He's working his a$$ off.

Well he’s going into a grinding career path, so….get used to it, I guess.

[Anonymous]

I cannot imagine being this invested in my kid’s employment prospects. Pathetic.

[Anonymous]

You definitely don’t need a 4.0. It tends to be a lower gpa (3.5 bottom) is okay for STEM majors. Econ majors should be pretty high 3.8+ is the sweet spot

[Anonymous]

Anonymous wrote:I cannot imagine being this invested in my kid’s employment prospects. Pathetic.

I think this might be the dumbest dig I've read to-date on DCUM.

[Anonymous]

My 3.7 Ivy athlete Econ major son is definitely having a hard time finding a quality internship. Bulge bracket seems impossible. There’s plenty of lesser opportunities but the best opportunities go to highest GPAs. STEM, in particular engineering, majors with top GPAs have the best shot.

[Anonymous]

The OP is asking something very specific. Looking for post sophomore bulge bracket or similar summer internships. She’s 100% accurate that these are very, very hard to get and require max GPAs. It’s absolutely a small pool

[Anonymous]

my kid is at Yale and says high gpa but not 4.0 and clubs are as important. you want to be in the top 2 or 3 investment clubs. which is not easy.

[Anonymous]

I work at a bulge bracket and steer away from the investment club kids. They tend to be insufferable. I will also excuse a lower GPA for a kid who has done something meaningful (sport, newspaper, theater, etc.). I actually tend to prefer these types - more well-rounded and they will catch up on the technical part of the job quickly enough.

Half of what these kids are getting fed in the investment clubs is wrong or not applicable but it builds up some major egos that I don't want to deal with.

[Anonymous]

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

This

[Anonymous]

Kid is a drama queen

[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.

this wasn't true in the 90s. are you talking about the 50s?

[Anonymous]

Anonymous wrote:OP here. Darn. It was a slog to get into the Ivy and now the reward is.... more slogging. Great. I guess he had the summer before college as a break.

A slog to get into collge, to a slog to get the internship, a slog to get the job, a slog of a job. Money is nice, but is that the life you want for your kid?

[Anonymous]

You need a 4.3 if Barnard

[Anonymous]

Anonymous wrote:I work at a bulge bracket and steer away from the investment club kids. They tend to be insufferable. I will also excuse a lower GPA for a kid who has done something meaningful (sport, newspaper, theater, etc.). I actually tend to prefer these types - more well-rounded and they will catch up on the technical part of the job quickly enough.

Half of what these kids are getting fed in the investment clubs is wrong or not applicable but it builds up some major egos that I don't want to deal with.

100% of the Yale investment club kids get summer internships at top consulting groups or investment banks for like 65k a summer. 100% of them. This is why getting into those clubs is so hard! I think the top club took 12 kids out of over 1000 applicants this year. Now whether those turn into jobs or not is up to the kid's interest/performance/personality, but it's a pretty high conversion rate.