I know I haven’t been able to keep up with the posts, but it’s been an unexpectedly busy summer as you’ll see in a second. I was working until mid-July, and I’ve been recruiting nonstop for investment banking internships and fellowships since March! Take a look at what I’ve been up to over the past few months:

3/2 (NYC): Toigo Banking is Back Summit

5/7 (NYC): 1st Round interview for IB1 Fellowship and Internship

5/12 – 5/16 (NYC): Toigo New Fellow Orientation (“APEx”)

5/17 (NYC): 1st Round interview for IB3 Fellowship and Internship

5/21 (NYC): IB1 Pre-interview reception

5/22 (NYC): IB1 2nd round (morning) and final round (afternoon) interviews

5/22 – 5/23 (NYC): IB2 1st round and final round interviews

5/29 – 6/2 (NYC): Management Leadership for Tomorrow Career Transition and Leadership Seminar

6/10 – 6/13 (Minneapolis): Consortium Orientation Program and Career Forum – [for illustrative purposes only; I could not attend this because Columbia is not a Consortium School]

6/14 (NYC): Toigo Gala w/ IB4

6/19: IB3 2nd round phone interview #1

6/20: IB3 2nd round phone interview #2

6/29: IB5 1st round phone interview

7/10 (NYC): IB5 final round interview

7/11 – 7/14 (Chicago): Jumpstart MBA Financial Services & Consulting Diversity Forum

7/18 – 7/19 (NYC): IB4 Pre-MBA event

7/19 (NYC): IB3 final round interviews

7/24 – 7/25 (NYC): Breakfast w/ Vice Chairman of IB6 (for Toigo fellows only)

7/26 – 7/27 (NYC): IB7 Pre-MBA event

That’s SEVEN different banks I interacted with over the summer, not including the other banks that attended Banking is Back, APEx, and the other conferences. This doesn’t even include the application deadlines for all of these events. Now just imagine if I wasn’t set on banking and was also recruiting for consulting and/or CPG – multiply this list by 2 or 3! I should mention that most of these events were for “diversity” candidates, but in a much broader sense of the word than most people assume (i.e. African American, Hispanic, or Native American). So if you’re a future MBA and you’re a woman, international, LGBT, military, or some other classification I can’t think of right now, you’re eligible for a lot of these too.

After all the applying, traveling, and interviewing, I accepted an investment banking summer associate position for 2013! I’m excited for so many reasons: 1) My post-MBA goal was to obtain an associate position at a bulge-bracket investment bank and 95% of this bank’s summer associate class return full-time, 2) I don’t have to worry about campus recruiting anymore, and 3) I feel no obligation to take the exemption exams for accounting or corporate finance. [Sidenote: The last point would've been a non-factor at Booth because a CPA and M.S. Finance graduate could be exempt from the intro classes after a conversation with faculty instead of having to test.] Oh and unlike most of the other top schools that award scholarships in terms of say “$40,000 payable at $20,000 a year,” Columbia awards a scholarship for the 1st year, and you only become “eligible” for a 2nd year scholarship if you’re at the top 15% of the class after the 2nd semester – so I could use a few easy As (or “Hs” as they’re known) from taking a few intro courses. =P

In other news, I finally found an apartment. Luckily, I procrastinated long enough that I got off the waitlist for an apartment subsidized by the university. And it’s still expensive, ha! If you’re planning on going to business school in Manhattan, make sure you understand the renting process – e.g. make 40X rent yourself or have a guarantor who makes 80X, otherwise be liquid, provide bank statements and tax returns – it’s ridiculous. Just something to think about.

Anyway, it’s back to packing but I’ll leave you with this video. I usually find the banker vs. consultant debate as pointless, but I thought this one was actually well produced. Enjoy!

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4 Responses to Damn it feels good to be a banker…

  1. Congrats on the internship offer. I was at Jumpstart too. Maybe we ran into each other. When does orientation start for you?

  2. joey says:

    Hey Jack! I’m sure you’re busy with b-school! But I’m in a similar position as you in terms of current career and prospective schools! And I am very happy to see you succeed! You think we can get in touch over e-mail really would like to ask a few questions!

    Thanks

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