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Investment Banking Discussion Thread - Page 17

post #241 of 622
Quote:
Originally Posted by Cantabrigian View Post

Agree on picking the GPA that suits you best but most people will ask the real one anyway.

True, but that strategy at least got you to the point where you could explain yourself.
post #242 of 622
Quote:
Originally Posted by tj100 View Post

Knowing what I know now, I'd be inclined to list my GPA (for investment banking) as a 4.0* "Adjusted GPA" (*not a GAAP measure, excluding certain extraordinary items). If I saw that on a resume, I'd think it was hilarious.

lol

Brilliant. This reminds me of a highly spirited internal debate we had over the term "GAAP EBITDA." It went deep into the night.

So, yes, many junior bankers were nerds in college.
post #243 of 622
Quote:
Originally Posted by tj100 View Post

True, but that strategy at least got you to the point where you could explain yourself.

You didn't answer my question.
post #244 of 622
Anyones opinion on putting a trailing 4 semester gpa on a resume in addition to total? I like a few others didn't do so great freshman year. My last 6 semesters I made deans list 4/6 times with a gpa around 3.6. My freshman gpa was low enough to bring me down to 3.2 cummulative.

And like somone else posted econ majors at my school did not have the luxury of grade inflation as fin/acct majors did. I took plenty of courses in all 3 and econ was by far the most difficult. Lowest grade I had in a Fin class was a B+ most being straight As
post #245 of 622
Quote:
Originally Posted by Khayembii Communique View Post

MD just told me my GPA (3.02) is under their target. I've been out of school and in the workforce for two years and am unfit to be a candidate because of grades I got nearly 1/3 of my life ago?
I know my GPA is my biggest disadvantage but you're really going to completely discount me as a candidate for it?
That's fucking stupid. Rant over.

I know it's disappointing. I've been there. But these companies get butt loads of apps of highly qualified or connected candidates. They can't make time for every eager beaver who couldn't cut it in undergrad
post #246 of 622
Quote:
Originally Posted by Khayembii Communique View Post

MD just told me my GPA (3.02) is under their target. I've been out of school and in the workforce for two years and am unfit to be a candidate because of grades I got nearly 1/3 of my life ago?
I know my GPA is my biggest disadvantage but you're really going to completely discount me as a candidate for it?
That's fucking stupid. Rant over.

Are you serious? 3.02 at a non target? What were you doing all day at school? We reject kids with 3.7s from Princeton who worked at Moelis, Lazard, etc. etc. with tons of ECs. What makes you think because you had "work experience" you can be excused??
post #247 of 622
read the last 15 posts or so and I am not experienced in the field but would it help the OP (guy with the low GPA) if he did some post-bac work?

Assuming he can keep a 4.0?

Or possibly get another BS?
post #248 of 622
Quote:
Originally Posted by OmniscientCause View Post

Anyones opinion on putting a trailing 4 semester gpa on a resume in addition to total? I like a few others didn't do so great freshman year. My last 6 semesters I made deans list 4/6 times with a gpa around 3.6. My freshman gpa was low enough to bring me down to 3.2 cummulative.
And like somone else posted econ majors at my school did not have the luxury of grade inflation as fin/acct majors did. I took plenty of courses in all 3 and econ was by far the most difficult. Lowest grade I had in a Fin class was a B+ most being straight As

put your major gpa on

post #249 of 622
Quote:
Originally Posted by aspasp View Post

put your major gpa on

My major gpa was a 3.4 so better then a 3.2 but the finance classes really pushed my gpa up....was 2 classes away from double majoring but they wouldnt let me take more classes at a time to fulfill it. I know sounds stupid
post #250 of 622
Quote:
Originally Posted by CalTex View Post

read the last 15 posts or so and I am not experienced in the field but would it help the OP (guy with the low GPA) if he did some post-bac work?
Assuming he can keep a 4.0?
Or possibly get another BS?

Or maybe find another obsession
post #251 of 622
Lol so it looks like this thread has run its course on being useful to me. Thanks for all the tips everyone.
post #252 of 622
Quote:
Originally Posted by mafoofan View Post


lol
Brilliant. This reminds me of a highly spirited internal debate we had over the term "GAAP EBITDA." It went deep into the night.
So, yes, many junior bankers were nerds in college.


nobody at the buyside looks at gaap ebita btw.  but im sure its the only way at sellside associated to fudge the model to justify some crazy deal # that your md negotiated. 

post #253 of 622
Quote:
Originally Posted by mafoofan View Post


I'm sorry--that's an idiotic policy. If you got a 3.0 at an Ivy League school, you must have been too high to go to class. Why would you want people who waste their--very significant and exceptional--opportunities? Last I checked, Wall Street likes people who are smart and hungry, not entitled and lazy.


College is the new high school.

 

But hey, guess that 3.0 justified my future children should get an engineering degree from cornell instead of places like cal/caltech/stanford.  or liberal arts major.

post #254 of 622
Quote:
Originally Posted by chogall View Post


nobody at the buyside looks at gaap ebita btw.  but im sure its the only way at sellside associated to fudge the model to justify some crazy deal # that your md negotiated. 

That's because there's no such thing as GAAP EBITDA.
post #255 of 622
Quote:
Originally Posted by Texasmade View Post

That's because there's no such thing as GAAP EBITDA.

No, there isn't. But there is EBITDA derived from a GAAP income statement. And there is EBITDA derived from a cash-based income statement.
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