I had no work experience beyond retail, manual labour and tutoring when I came to apply for summer internships in my penultimate year of university, but received offers from some leading places: so it's certainly not impossible. I'm sure there was some luck involved though, but you shouldn't give up.

Perhaps some more practical advice: if you're willing to wait a few years before moving into IB (as you suggest in option 2), then a good idea might be to go for a Corporate Finance program at one of the Big 4 Accountancy firms. I know a number of people who moved into elite boutiques from here at the Associate level

 

that was good feedback you got, but frankly it's bull shit. i had, with no name experience (but good experience), weak grades, non-target bla bla bla, interviews at elites and BBs a few years back through networking.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Charles-perry:
So network and hope for the best?
well it's a hell of a lot better than applying and hoping for the best. really network, don't be like "hi bob, i like your firm, tell me about yourself and oh can i get an internship" more like"yo bob, lets chat, shoot the shit, you see dat deal, dose advisers were whack (pro tip: people love slagging off their competitors). your round!!" "oh hey, bob, you got time to talk about your firms internships, they look da bomb, and frankly, i have a man crush on you!!"
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Whoever gave you that advice is either retarded or was just saying stuff to make you go away. How can relevant work experience, even if its not at a BB, be harmful towards your application?

P.S. How many similar threads do you want to make about yourself saying how good your CV is/how well you did at interviews but still didn't manage to get anything? And not just on WSO, but on other forums too.

Cheers!

 

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