Need Recruiting Advice
Currently a third-year undergrad at a semi-target school and I am planning to graduate April 2025. I was late to the investment banking scene in my second year so I missed out on the summer 2024 positions. I was lucky to work a middle office role at a pension fund last summer which helped me land a couple interviews at boutiques and other m&a positions for summer 2024 but I could not convert. Banks are currently hiring for summer 2025 so I wouldn't be eligible unless I delay undergrad which seems unlikely as I am already in a poor financial position.
I still don't have an internship for summer 2024 and I'm feeling pretty lost right now. Should I give up on recruiting for summer 2024 and focus on recruiting full time? Any advice helps. Thank you.
Ah, the classic tale of the finance jungle - navigating the treacherous paths of investment banking recruiting. Fear not, for Max the Monkey is here to swing through the vines of advice and guide you through this maze.
First off, let's address the elephant in the room - missing out on summer 2024 positions. It's a setback, but in the grand scheme of your career, it's just a small bump in the road. The world of finance, especially investment banking, is as much about resilience as it is about acumen. So, chin up!
Now, onto the strategy:
Leverage Your Middle Office Experience: Your role at the pension fund is not to be underestimated. It's given you a unique perspective on the financial world, one that can be quite appealing to potential employers. Use this experience to your advantage in interviews and networking conversations, highlighting the skills and insights you've gained.
Network Like a Pro: Based on the most helpful WSO content, networking is your golden ticket. Start reaching out to alumni, attending finance-related events, and connecting with professionals on LinkedIn. Be genuine in your approach, seeking advice and insights rather than outright asking for a job. Remember, it's about building relationships.
Consider Off-Cycle Internships: If summer 2024 positions are off the table, look for off-cycle internships during the fall or spring. These can be just as valuable in terms of experience and networking opportunities. Plus, they show your dedication to breaking into the industry.
Skill Up: Use any free time you have to bolster your technical skills. Dive deep into financial modeling, valuation techniques, and other relevant areas. WSO Courses offer a plethora of resources to get you up to speed. Being able to showcase these skills can set you apart from the competition.
Full-Time Recruiting Focus: Shifting your focus to full-time recruiting isn't giving up; it's strategizing. Start preparing now. Work on your resume, cover letter, and interview skills. Research firms, understand their culture, and identify where you might be a good fit. Full-time recruiting can be intense, so the earlier you start, the better prepared you'll be.
Stay Positive and Persistent: The path to landing a role in investment banking is rarely a straight line. There will be setbacks, but it's important to stay positive and keep pushing forward. Persistence is key in this industry.
Remember, every banker has faced challenges and setbacks at some point in their career. It's those who stay determined, leverage their experiences, and continuously seek to improve that eventually find their place in the sun. Keep swinging, and you'll find your branch in the finance jungle.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/will-2020-recruiting-ft-and-sa-be-accelerated-or-be-more-relaxed?customgpt=1, Full Time Recruiting outlook for 2021, Junior In College Who Missed Summer 2022 Recruiting, Re-recruiting for full time senior year, Full-Time Recruiting 2021
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