I will not get a full-time offer. What to do?
Alright, my internship has yet to end, but I know I will not get an offer.
I work in a bank consisting mostly of friends, brothers, and relatives but it's not FBR. While I do my best to interact, it is very difficult to fit in being the only intern not somehow related to the bankers in the office. While I understand there is a certain level of commitment required, I feel that I am getting much more work than my fair share and most analysts and interns leave 5 hours before I do on average.
I want out. It has already been made clear to me that I won't be getting an offer since analysts have been talking about working here full-time to the other interns. I'll admit that I knew it was going to be an uphill battle coming in since I had heard stories about this bank, but the economy was bad so I jumped at the first chance and I regret it so much.
Thankfully, this is my second summer in banking so I know how to run most of the basic analyses and have had a taste of modeling and the more quantitative aspects during my last internship so I should be fine for financial knowledge.
I need a full-time recruiting game plan. Do I just admit it was terrible and I got staffed on pitches to random sub $20 million companies in Bumblefuck, Ohio while everyone else got the real work? Should I start immediately emailing other banks to setup full-time interviews?
What should I do?
What I can tell you is not to badmouth the firm when you interview in the fall. It will be looked upon poorly.
Well, I do know better than that given how small the banking community is here, but I wonder what I should be doing at the moment.
Should I still be killing myself to finish all the work? Or should I just start using my time to study up and prepare for interviews with the little time I get to myself on the weekends?
You need to keep your head down and keep putting the hammer down. Yes, it sounds like it sucks (embellished or not), and yes, you probably are getting the short end of the stick, but that's irrelevant in this market, in this business. You need to get your work done and make sure you won't get a bad rec, which can hurt you. That said, you shouldn't be giving it 110% as if you were getting a FT position out of it either. You should def start to reach out to your contacts in other banks, if you haven't already, make sure your resume is top notch, and to sharpen your interview skills. Essentially, you want to get your work done, but spread your time - it's a tough market and you will want to cover your bases as best you can without burning any bridges.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
It won't kill you that you don't have a FT offer. You'll be asked when you start your interviewing, but in this economy, a much higher percentage of interns than normal won't get offers. What matters is that your resume speaks to specific skills and experiences that banks will be looking for.
I'd suggest not doing anything that would jeopardize your reputation. When you have your end of summer review, make sure you get specific feedback as to why you didn't get an offer. Specifically ask your manager about what he/she perceives to be your strengths and weaknesses, and what distinguished the top 5% of the intern class from everyone else. You need to understand whether there are legitimate areas you need to address to be successful in the business. Having a good attitude during those discussions and showing a willingness to take constructive feedback and act on it won't get you the FT offer at the current firm, but could generate good will that will payoff in a better recommendation if they get called and an opportunity to address a weakness.
Gotta Mentor www.GottaMentor.com Connect to the Advice and People You Need to Achieve Your Career Goals
When interviewing for a full time job, is it acceptable to lie about why you didn't get an offer from an internship? It's more difficult to bullshit if you had an internship at a BB but if you interned at a non name boutique is it acceptable to lie and say something like "market conditions were poor and they weren't looking to add junior people"?
I know a guy who worked at a top boutique, didn't get an offer, lied about it, and ended up at a top BB group.
Nulla amet aut accusamus consequatur et quod reiciendis. Sequi ipsa occaecati dolorum ipsum omnis saepe.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...