Breaking Into Finance: Is a Target School Really Necessary?
Explore if attending a target school is essential to launching a successful finance career.
So, you want to break into finance but you’re not from a 'target school.' First off, take a deep breath—you're in good company. Let's chat about whether this is truly a deal-breaker in today’s competitive job market.
What is a Target School, Anyway?
A 'target school' is essentially a college or university that investment banks and major finance firms actively recruit from. Think Ivy League institutions or other top-tier schools. Attending a target school can give you a leg-up, but is it the only pathway to landing a finance job?
Do You Need a Target School to Succeed?
Short answer: No, but it can help. Many successful finance professionals hail from non-target schools. They’ve built their careers through a mix of hustle, skill, and yes, a bit of networking magic. Here’s how you can, too:
- Build a Strong Network: Connections often matter as much as credentials. Attend events, join clubs, and don’t shy away from LinkedIn connections.
- Develop Relevant Skills: Learn Excel, pivot tables, and financial modeling. Certifications or online courses can bolster your resume.
- Gain Relevant Experience: Internships, even unpaid ones, can provide valuable on-the-job learning experiences.
Alternative Paths into Finance
Sometimes, taking the road less traveled can lead you right into the heart of the finance industry:
Non-Target School Success Stories
Many finance professionals from non-target schools have snagged their dream jobs through grit and determination. Your school might not have the brand name, but your resume can have star power.
Online Courses and Certifications
Platforms like Coursera and Udemy offer finance courses taught by industry professionals. A certificate from an online course won't replace a degree but adds value and shows your commitment to learning.
Conclusion: It’s All in the Approach
While a target school can make things easier, it’s certainly not your only option. Chart your own course, leverage unique opportunities, and network like it’s your job. So, what’s your next step in breaking into finance?
