Dinged - ideas now?

Dinged - what now?

I'm a first year MBA at NYU, I had a decent recruiting season this year - I only recruited for Sales & Trading. I received first round interviews at most of the bulge bracket banks, and made it to the second round at two of them. After the second round interview i got told the same thing 'our class is 1/3 the size it was 2 years ago, we just can't hire that many people' - so ding.

So - I'm an MBA and I made the second round at Citi and DB, and have a very strong interest in the markets. Can anyone recommend a recruiting strategy for me now for summer internship?

I'm fine doing a capital raising position at a small hedge fund, although I'd be a little more inclined toward the quantitative - be it making VB macros, research, news filtering, strategy backtesting. I have a pitchbook of some trade ideas too (1 for each area, stat arb, global macro, long/short).

 
Best Response

First things first, clear your head and grab a beer. I can understand the stress.

Once you've mellowed a bit, let's start to talk about next steps. Recruiting at BB is essentially over for the year. It's possible some group somewhere is still interviewing, but for the most part you're not going to enter the process this late in the game. So what to do?

Don't give up. There are way more jobs out there for finance MBAs than just the BB. Talk to your career center and hit up some alumni who are at MM or boutique firms. You will find something. You will have to hustle. Will you work for free? I wouldn't offer that to anybody - yet - but think about it in case a dream (but unpaid) job presents itself.

Start spending Fridays networking with all the other banks.

Are you a career switcher?

 

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