Delayed Thank You WSO
So there are some people who still don't have any SA positions lined up for the summer and I know it is probably disheartening, but there are still a few opportunities left. Maybe not at at BB but there are tons of boutiques who will hire unpaid interns/pay you under the table.
Don't give up and Most importantly, don't stop networking/keeping in contact with people at banks. Also, in my opinion, fuck 'getting coffee'. Instead grab a beer with an analyst or associate at a happy hour or something. I have found this to have a much higher success rate. First of all, there's nothing more refreshing than a cold one in the midst of slaving your ass off. And its a much more relaxed environment so you can actually start being their friend rather than some super aspiring kid using them to get your resume to HR (even if that's your true intention). Just something that I've noticed with myself when trying to break in.
Anyways, I go to a non-target. I had a few contacts at BB's that I spoke to and gave my resume to which eventually led to first round interviews at most of them. I royally fucked up my superday at one of the BBs (the one that I really wanted to work for) and was pretty pissed off. I called HR as well as the woman who did my first round interview (she seemed to like me and even called me the day before my Superday to wish me luck and say that she really wanted me to get an offer and work in her group) and explained that I messed up my Superday but I think myself to be pretty qualified and hardworking. Then I got a call a few weeks later inviting me back for another Superday at the firm, which I did much better at and got an offer. So I must say, I would like to formally thank everybody- both other aspiring monkeys for asking questions that I probably wouldn't have thought of as well as everyone who contributed.
Also, one last piece of advice if you want to hear it. 'No' doesn't mean anything. One of the analysts that I know submitted my resume to HR (at a BB), who told him that I wasn't 'what they were looking for' AKA they didnt look at my resume past the name of my school (at least thats my guess). I then somehow found the number to recruiting and was able to speak to the guy that dinged me. I started off the conversation asking him how to better my resume and the kind of people that the firm actually looked for. He said they were looking for rising seniors who had previous IB experience and had a passion for finance. I told him about my SA stint last year and how I've been investing in stocks for years (both on my resume). Then he said yeah, but your resume didn't have any leadership experience (which is false) and I told him about several leadership things I did. Then he finally pulled up my resume and said 'hmm I may have overlooked some details, you're actually pretty qualified' and this led to a Superday.
Keep networking and beefing up your resume and Good Luck.
Great story bro! Congrats! The last paragraph was awesome
Congrats. I agree wholeheartedly with networking, but I'd disagree on one of your points: Analysts and Associates don't get much free time and the free time that they do get isn't going to be spent going for a beer with a stranger. Coffee is much more practical and can be conducted on site. Personally, I'd be apprehensive to have a beer with a stranger.
Pretty legit story man. Just goes to show that there is virtually no downside in networking, no matter how blunt and direct you are. Congrats.
I liked the last paragraph, don't fret it, some people are idiots.
Coffee or beer, either way you're still bullshitting with someone all the while hoping they bring up recruiting....isn't it the same thing, just more fun (at least in your opinion...and mine, too) to grab a beer over coffee?
I'm just pointing that out/asking for clarification, not trying to hate on your success. Congrats man.
Yeah it is just bullshitting, but in my opinion I think its a more relaxed environment. Also, if I were an analyst I'd much rather grab a beer with someone than a cup of coffee. So I figured if the analyst is anything like me, he'd rather grab a beer. And very informal statistical study, I just looked through all of my emails, I had a 72% success rate when asking to grab a beer and a 52% success rate when asking to grab a coffee. Caveat- the people I asked to grab beers were mainly analysts and associates where as the coffee included me asking MD's and VP's also and theyre way likelier to say no.
I know the feeling well. similar stories here also
Hey Modus:
First off - congrats on the offer and defying the odds. It is extremely impressive what you did. And I think a lot of people probably wouldn't go back and talk to the people they connected (at the HR level) to say - I messed up the interview, but I believe I'm really good.
I'm kind of in a similar position (though not SA, been out of school for awhile). I had a first round and got along well with associates. But got really nervous and didn't do as well in 2nd round. I haven't gotten a call to say I'm dinged, but I am worried. I was wondering what you said to HR to get them to push for you, and how would you approach this? I know one of the associates... should I go through him?
Check your PM
Congrats
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