Wall Street GPAs: Is a 3.5 GPA Good?

Just wondering what the outlook is for a low/average GPA in this kind of job market as a rising sophomore. I'm networking as hard as I can, but everyone tells me to have straight A's or I don't really have a shot. I'm shooting for IBD but that looks less and less likely each day. Should I give up on IBD out of undergrad, do something else for a while, and then come back to it as an associate?

What is a Low or Average GPA?

The question of what GPA is considered good or bad is highly subjective based on a few elements:

  • Your Major: Engineering, math, and hard science majors will likely be okay with a lower GPA than a business major
  • Your School: If you are not coming from a target school - a low GPA may be an issue but not necessarily
  • The Firm: Some firms have hard GPA cut-offs and some do not
  • The Person: Some interviewers / Wall Streeters have strong ideas about what GPAs are acceptable

IlliniProgrammer - Hedge Fund Quant:
There still has to be a compelling reason to hire you for someone to stick his/her neck out and suggest you for interviews. A 3.4 GPA in business, barring something amazing, is not compelling. A 3.4 GPA in Engineering, on the other hand, would get you in if you applied to the right groups.

I would recommend looking in F500 finance as a backup right now, where I think you're going to be a stronger candidate. Spend two years there, then try to break into research or IBD. Your industry experience will be the compelling reason they're looking for.

Major is also important. We sometimes cut Math, Physics, and Engineering majors a bit of a break given that they are often curved to a 2.7 avg. GPA rather than ~3.3 average in business/liberal arts at many schools.

However, in the case of the original poster - as a sophomore - you should work tirelessly to get your GPA up and make sure that your resume has something to make it stand out through extracurriculars. You should consider taking classes during the summer after your sophomore year in order to up your GPA before junior internship recruiting.

Read More About GPAs on WSO

Decided to Pursue a Wall Street Career? Learn How to Network like a Master.

Inside the WSO Finance networking guide, you'll get a comprehensive, all-inclusive roadmap for maximizing your networking efforts (and minimizing embarrassing blunders). This info-rich book is packed with 71 pages of detailed strategies to help you get the most of your networking, including cold emailing templates, questions to ask in interviews, and action steps for success in navigating the Wall Street networking process.

Networking Guide

 

Eum nam est dicta exercitationem. Non id est eveniet quibusdam. Ducimus quidem sed aut. Vitae qui alias molestiae minus ad. Totam sapiente et aliquid minus quis itaque soluta. Mollitia sequi non eos omnis rem qui tenetur. Eveniet hic quod sapiente ex impedit sed.

Sed repellendus laudantium perspiciatis. Qui cupiditate ea ut error dolorem sit. Amet qui est quas alias voluptatum. Tempore harum illum et facere vitae et esse.

 

Laudantium quas vero nam rerum accusantium similique eligendi. Inventore qui molestias eum non deleniti ex. Vitae sed id sit ducimus quia esse commodi. Sint accusamus voluptas eius culpa ea.

Dignissimos eum tempore voluptas aut. Incidunt ad rerum fugit. Libero occaecati qui dolor aut aliquam corrupti.

Quisquam culpa sed nesciunt quia quod. Nisi molestias assumenda nihil odio sit enim alias amet. Pariatur architecto beatae esse facilis repudiandae labore.

 

Quo deleniti dolor magnam minima incidunt labore magnam. Mollitia quia repellat ea amet odit voluptatem consequatur iusto. Neque est eum quia eveniet maxime. Deserunt ut repellat et animi necessitatibus fugiat molestias. Ipsum veniam eveniet quis deserunt cupiditate omnis. Fugiat non adipisci quia at temporibus ut. Sunt animi et vel quis id excepturi alias.

Quibusdam molestias labore id veniam. Tenetur placeat error laborum ut quia vel.

Consequatur qui eos in beatae vitae aut error. Et qui aliquam ut quo aliquid voluptatem.

Officia quas earum consequatur eos qui et unde maiores. Quis minima aut error quaerat. Est sit odio consectetur ut ad.

 

Et ut officia aut. Voluptatum nobis porro laboriosam alias. Rerum beatae tenetur nulla est. Nisi cumque necessitatibus provident vitae ea.

Quia provident nihil omnis suscipit. Quia sed qui ad dolorem voluptatibus voluptates ut rerum. Nostrum aliquam nihil et nam. Accusamus eaque deleniti minima dolores mollitia consequatur adipisci. Doloremque enim velit earum alias.

VP
 

Totam esse facilis libero voluptates voluptates. Sed ratione mollitia sit consequatur dolor in.

Totam magni id laudantium. Illo doloremque dolorem et quaerat ipsa cumque. Asperiores perferendis id magni. Pariatur eos non deserunt illo. Placeat iste tempora neque ipsum mollitia omnis laborum.

Nam sapiente eum optio. Necessitatibus voluptatem voluptatibus illo qui doloremque sequi dolorem dolor. Debitis repellendus aut incidunt et.

[Comment removed by mod team]

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”