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Do Banks Always Demand Good Grades? Ask the Expert

The more appropriate career, given your grades and degree, might be Finance - rather than investment banking, says Deborah Rivera, president of The Succession Group, a search firm based in New York.

Bcomm is not normally the choice major for investment banks, Rivera says. The more suitable match for that major might be one of the wire agencies, such as Bloomberg, or Reuters, or any other financial information distributors or dealers.

"Any of these agencies would be desirous of your CFA track, in addition to being an excellent and very visible platform from which to work," says Rivera . "Every firm on Wall Street - globally - both Sell-side and Buy-side - would be your client and you would have access to all of them."

Rivera says a job at one of those agencies would give you great penetration into the market as well as visibility and hands-on training.

Another option might be to work for a firm outside of Wall Street but one that performs an investment banking function, says Rod Williams, a job market consultant with New York-based Lee Hecht Harrison.

"A tough one but he/she might look at firms outside of the banking industry that do some investing, like utilities companies," says Williams.

Williams says utility companies like Con Edison get involved in speculative investing in areas like real estate and energy futures, but it is to a lesser degree than the investment banks.

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AUTHORAnonymous Insider Comment
  • M.
    M. Benoit
    25 June 2007

    ''Bcomm is not normally the choice major for investment banks, Rivera says'' What is the choice for investment banking firm? CFA is not good?

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