10 Months of Ball Sucking Pain — I finally did it dad

Note: The last paragraph includes a note on how to make sure that you get the guide that I'm putting together (designed for undergrads looking for guidance) and the list of resources that I found most helpful for my summer analyst recruitment, even though I'll be posting it on here as well. 


For some context, I'm currently a junior at a non-target. At the start of my sophomore year, I honestly couldn't tell you what investment banking was. After hearing about the industry through a conversation with someone in my fraternity, I decided to watch a few Youtube videos, and after that, I was set on pursuing the recruitment process for SA 2024.


I remember dropping everything to work on my resume, read up on technicals, learn about what networking is... the list goes on. I stopped going out and hanging out with friends. If I wasn't doing schoolwork, I was prepping. I really wanted it. At first, I thought that I could grind for 3-4 months, land an offer, then go back to my normal life. Quickly, I realized how unrealistic my expectations were. 


A few weeks ago, I finally landed an offer with an MM firm in their M&A team! I ended up recruiting for ~10 months straight! I couldn't be any happier with the outcome. The workload definitely lightened up towards the end as fewer firms were recruiting (so less networking) and because I basically had technicals drilled into my head, but the stress of not having an offer/waiting to hear back after an interview/waiting for an interview drove me crazy.  


I did a little recap of my journey last night to find that I sent over 2000 emails, did over 250 networking calls, and had 85 interviews with 32 different firms in those 10 months. While it was tough, I can definitely say that it paid off. Not only did I land an offer that I'm ecstatic about, but I feel that I've grown so much as a person—especially when it comes to my social skills. I started this process as a huge introvert. Now, I feel so much more confident in my social skills and feel that I can easily have an engaging conversation with anyone whenever I need to (a huge game changer now that I'm back at hitting the campus bars 4 nights a week). 


For the sophomores who are getting ready for SA 25, good luck. Regardless of where you go to school, the process is going to be tough, but it'll all be worth it in the end. Even if you don't end up landing an offer (I was extremely lucky to squeeze one out at the last second, pretty sure this was one of the last firms to run a process), you'll walk away with invaluable skills and knowledge. One piece of advice—if you're not passing interviews, it's because you're focusing too much on providing the "right" responses to questions as opposed to building a connection with your interviewer. Your interviewer probably hasn't slept in 2 days and is running on 200mg of Adderall. Bring some energy to the interview, be personable, be funny, and make the interview an enjoyable conversation. Every other kid in the room is qualified on paper so you need to stand out. These bankers would much rather hear a funny story or listen to someone speak on some random passion, even if it has nothing to do with IBD, rather than hear someone half-heartedly prattle on about the super cool Microsoft Blizzard acquisition that happened last year.


Thanks WSO for all the guidance, resources, and support over the past year. And thanks for reading. 


To pay it forward, I'm working on an extensive guide, it'll include my personal thoughts and a list of all the resources I found helpful, for those who want to break in but feel lost and don't know where to start. Expect it very soon (it'll be posted on here, but if you want me to send you a copy when it's done add me on Discord and drop a comment with your username (so I know who to add back, got way too many requests). My username is cooldame. Happy to answer any questions via Discord DMs as well). 

 
Most Helpful

Congrats man you earned it. I’m grinding for summer 24 but losing hope, still holding onto the idea that some small boutiques (in canada) dont hire until nov-jan months so I just gotta figure out which ones and grind. Hopefully you’ll see a post just like this one from me, yours gave me some hope so thanks!

 

Did you go to a non target? seems like you dont know the grind, OCR boy

 

It happens more than you think. I for sure blew it with the first 10+ investment banks I interviewed with. All it takes is coming from a non-target, lacking confidence, not being a finance major so you struggle with the technicals, and a certain level of imposter syndrome. I know many successful bankers today who were knocked out of many of their initial interview processes. 

 

Congrats homie! Now enjoy yourself in the interim before you have another 12-24 months of ball sucking pain once you hit the desk and have to face that initial Analyst learning curve. Seriously, treat yourself. 

 

When I first read the thread title I thought it just said "10 months of ball sucking - I did it Dad" then I thought it meant "pain from ball sucking". Such a phrase is still a mystery to me. Even after reading the posts I'm not sure where the ball sucking fits in with pain. I'm very confused and distraught.

 

Unde sit qui dolore consequuntur. Possimus unde qui sunt modi quod voluptates culpa. In mollitia aut repellat quisquam aut velit dolores. Enim excepturi dolorem eaque rem neque quaerat. Eius aut ut laborum.

Aut quam libero soluta unde excepturi voluptatibus. Velit excepturi sapiente adipisci quae inventore. Facere inventore quasi ipsum omnis optio fugit eum. Et consequuntur voluptatibus in.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 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 (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”