Just Graduated, no Job, help.
Hello, so I'm just graduating from a non-target in the south. I have previous internship experience in commodities in New York, but I want to move into investment banking sector. I've applied to 60+ jobs and I keep hearing rejections, not moving forward with my application. I've had 2-3 responses but no offers. Consulting job, they never filled the position. Big NY firm interview, been a week and haven't heard back since the first round. Anyway, I'm freaking out that I will never make it into Investment Banking which I want to do, then move into private equity. At this point in time, what would be some good jobs I can get that would move me into investment banking? I want to move to New York. Problem: my GPA is 2.9
Try for commercial / corporate banking. They generally are more open to candidates with less than stellar academic backgrounds.
found myself in a very similar position about a year ago....about to graduate with no offers and tons of rejections. took about 6 months after graduation to finally land an offer, which was business analyst (ops) at a well known asset manager....leveraged the name and connections to land an offer in valuation. biggest advice is network like crazy, those job portals online you might as well send your resume into space. I probably would have graduated with an offer if I began networking in college instead of after graduation. Hope this helps
Well if you're in the south and your GPA is less than great, you should probably be looking at firms in the South. NY has plenty of local candidates. Why would they take you? (rhetorical question, but you get it). Look at firms in the south and lateral after you network more and get W/E.
Get a BO role, network, build your resume with other finance attributes and keep finding a way in. Just because you don't get the role you want now doesn't mean you will be stuck in a subtier role for your entire career. BO/MO & Insurance AM would be my best recommendations here.
You won't make it. Settle or transition into a different career.
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Good stuff @Yacht Monkey". Get into a good routine as if you were working to keep yourself sharp and ready for a working life. Don't fall into a lazy sleep until noon slump. When I graduated without an offer that I wanted, I rose at 5am everyday, gym and breakfast before 7:30 as if I were working. My "work" was sending out emails, job searching, studying for CFA at the time, pay attention to current events as they happen. This helps keep you sane and sharp. It is okay to graduate without a job lined up, it happens to a lot of people. Don't start to panic until about 6 months of searching goes by without an offer/serious progress.
^ Great post.
Wow. Thanks for giving me a lot of great strategies to help me out. I should follow up on the positions I applied for like you suggest. You've filled in that gap for me. I have contacts reaching out to other contacts they know, and have since been giving me their contact info, how do I go about asking them to help my job search? Do I just send that email like you wrote and play the slow game, or do I straight up ask them if they know of anyone hiring?
I am in same position, but graduated from a prestigious private school in the South. I haven't had any luck either, but you have had an internship. I have not since I was playing collegiate athletics...
The process has taken me about 5 months and nothing has fallen in my lap. You need to stay at it and try not to get down and upset about it. It happens on a daily basis but you have to push through it.
have you thought about working in the insurance idustry
there is nothing wrong with not making it into IB right after undergrad. Its an incredibly hard sector to get into. Are you located in New York? In the south (i can speak of houston at least), experience in commodities would be hella good for a job down here. which commodities did you work for, if its oil and gas, did you focus on upstream, midstream or downstream? if youre not interested in still working in commodities, apply to a minimum of 5-8 jobs a day. dont just have a generic resume, cater it towards each companies description. i was like you when i graduated in 2014, didnt have anything lined up after graduation, eventually got a full time gig months later. its just a matter of being persistent and not giving up. best of luck
Take the time to travel the world. Visit some unique countries.
No one on their deathbed ever said "I wish I travelled less."
That's what I did for 2 full years. And I'm doing fine now.
Could I DM you? I am in a similar position and taking the time now to travel. Would love to hear your story.
Pick up the phone and start dialing
Couldn’t have said it better myself. Keep motivating yourself to make it and do what you can, don’t let a stupid GPA number dictate your life.
I am in a similar situation. Just graduated with a low GPA PE fund and another at a boutique IB, but neither company is looking to hire an analyst.
I plan on reaching out to as many people as possible via Linkedin and through cold emails with the goal of setting up a call. I have submitted many applications via job portals and based on my experience those tend to be black holes.
No job after graduation? (Originally Posted: 08/15/2012)
Recent grad from non target, almost 3 months since grad. Have constantly network since last june. Had previous interns in small PE(got offer but no base salary) and corp fin, EC managed school's investment fund, personal trading options,stocks, futures, and have decent modeling skills (DCF, cap stru, comp...etc). Want to work in NY, my question is what do you say if an interviewer ask you what you've been doing so far? if interview seasons are beginning September and October, especially if I'm interested in MM IB Advisory. And what would you monkeys advise in doing in the time period before recruiting season starts again.
And anyone got deal flow volume on MMs that could share?
You could study for CFA/GRE/GMAT to make use of down time. Should sound like a productive activity in an interview.
Macdonalds.
Study for an exam in your downtime and make some BS about how you wanted to get exams out of the way early?
You do realize that the interview season in the fall is for the next summer's start date, right? If you're unemployed now and do receive an offer for MM IBD shop for FT, what exactly are you going to do from now until next summer, when the FT class starts?
Yes I do know, that's why in the mean time I plan on interning at boutiques IB & Capital markets(learning M&A, recap, debt and equity financing...etc the essentials i need for IB) while networking. So I can have something on my CV, while keeping my mind fresh with IB materials, so I won't look like I've been sitting on my thumb for the last 6 months.
To recent graduates with no FT job (Originally Posted: 07/01/2013)
Just graduated with no FT job? Don't feel so bad.
The truth is, 1/3 of american college graduates are underemployed. This 1/3 rate holds steady even during busts and booms. When you look at recent graduates, currently 1/2 of your peers are underemployed, with 1/10 unemployed.
Now consider the fact you want a highly competitive finance job. Well, the numbers are against you. My point? Dont scoff at waiting to enter high finance career until after bschool, or working in accounting to then lateral. Take that unpaid boutique internship with a smile!
Keep working at it and maybe you'll no longer be a statistic. Regardless if you make it in or not, you still gave it a shot and the worse you'll end up is average.
http://www.newyorkfed.org/newsevents/mediaadvisory/2013/Presentations_0…
too fixated on ur avatar but great contribution i think
i'm pretty focused on urs too -- i like mudkipz
so i herd u liek mudkipz? hoiw muchz?
Mudkips? I LUUUUUUUUVVVVEE MUDKIPZ!
but do you really LUUUUUVVEE mudkipz???
me gusta
Off the subject of Pokemon, these graphs are some pretty heavy stuff. The worst seems to be that the percentage of underemployed people doesn't really decrease with age (unlike unemployment).
Obviously the stats don't directly state this, but it seems if you're underemployed at 22 you'll probably be so at 35 as well. Yikes.
Right it seems 1/3 of college students will never use their degree.
I ran the numbers however and basically it is still worth it for these kids to go to college despite them not using their degree. Because if they're middle class, daddy can always find some office job for them, however shitty it is. Or if they're working class and below, the additional earnings potential still outstrips 100k + 4 years oppurtunity cost.
So, while I'm guilty of bitching bout the job market myself, i think the hard fact is that younger folk need to just settle with the lower pay, frugal lifestyle, and moving to a cheaper state. The people who are really fucked are the homeless, disabled, and living under subsistence.
The only case someone shouldn't go to college is if they don't want to study and work hard.
Haha, @ don't use their degrees.
I went to an extremely liberal liberal arts school. I doubt if even 1/3 WILL use their degree. One of my buddies went to school, chose english because he "liked to read" (granted he is an avid reader and I could see him actually writing something good), but is currently thinking of joining the Navy.
As of this summer, he is life guarding.
Too many kids think that they should go to college, when in reality it is not a real value adder to what they would want to do anyways.
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tons of kids i know from my college with mediocre gpa and work experiences graduated unemployed. some took horrible jobs in sales, and many others became 'volunteers' at no-name non profits. many kids with degrees in poli sci, history, or english ended up in retail sales-type of jobs.
and, many kids who were biology or chemistry majors who couldn't get into a med school are doing research-assistant type of jobs at hospitals, etc, for a minimum wage.
yeah, it doesn't look pretty. it's kind of interesting to note that from my school, there are kids who are making six figures working in high finance, top consulting, etc and there are many other kids who are stuck in dead-end jobs. yet, all of us went to same college, took many of the same classes, lived in same dorms, spent the same amount with tuition money, etc.
that honestly sounds pretty scary considering you're from an ivy...
I go to an HYP and the majority of seniors I know just graduated unemployed. A few are taking minimum wage jobs that you wouldn't even need a college degree for, let alone an HYP one...
I'd like to see some statistics for the number of unemployed students who made an active effort during their UG studies to get internships, network, and interviewed at several places and still wound up unemployed.
I can't really take these surveys seriously because I don't feel like the students who maybe only had one volunteer internship position one summer or generally just thought job opportunities would present themselves to them upon graduation, and therefore made no effort to recruit anywhere, should be counted in the statistic.
Yeah, I was just thinking that. I am from one of the most non targets of all the non targets and landed a FO job because I really had to bust my ass (and got a little lucky probably too!). Sometimes I think about what I could've done given the resources, connections and recruitment of a target or even semi target.
I hear you, but that data sounds impossible to clean because tons of kids get hooked up with internships by their parents but end up realizing daddy doesn't have enough pull for an real full-time job. A lot of kids truly picked the wrong major by accident, or get a huge culture shock when they realize their major is different in the real world.
There are many reasons why people don't get a job out of college, not just unpreparedness.
HYP alum here. If you don't mind me asking, what was your major?
Still no offer 9 months after graduation (Originally Posted: 02/13/2017)
Hi everyone,
I didn't find a job 9 months after graduation. The most sad point is that I rarely get an interview. My goal is to switch to financial roles. I guessed that my previous long-term experience is really downside for my job hunting. Do you have any advice?? I am an international student.
My background, bachelor and master degree in civil related engineering, 5-year experiences as an engineer & one year co-founder of a startup in cleantech, 20-30 ranking MBA, summer intern as credit analyst.
Hi Lin Li,
Based on your profile as you have outlined, I think it would help if you outlined which level you are targeting as you have 6 years work experience which would translate to Associate/VP level and you can't really jump straight into the deep end if you don’t have the experience or understand what the role entails.
In addition, it appears that you are overseas, is your communication easy to understand etc.? I.e. is your English clear and can you write coherently? I have had trainees who were excellent on Excel but working in finance is more than just Excel?
Just my two cents.
Help with getting a job after graduation (Originally Posted: 11/21/2017)
I just have a couple questions regarding getting a job lined up after graduation as I have no experience in it. I go to an offshoot state school in a top 3 metro. Only 1 internship and it was in property management unfortunately. GPA is 3.7+ so that helps a little.
When should I start applying for jobs on job boards? If they don't specify the job starting after my graduation date?
What is the best way to get a job lined up for after I graduate?
Thanks
Henderson, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
More suggestions...
Hope that helps.
Graduated in May of 2017 from a target - still cannot find a job. (Originally Posted: 01/29/2018)
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You're probably going to have to jump into an internship, temp, temp-to hire, or contract position for the time being to accumulate experience on your resume.
Apply for pwm position that does research on stocks and allocations. Best bet at this point tbh.
I think at this point, it's clear that you are going to have to lower your expectations and get a job, ANY job. The Canadian finance market for grads is super competitive as you know and I while I don't want to sound too negative, a 3.3 GPA is really not competitive for what you are aiming for. So if a top front office job is what you want, you will have to take a multi-step process to get there. First, you need to get a job and some experience. The longer you stay unemployed, the worst it looks. So try targeting Big 4 advisory / TAS, corp finance, PWM and recently launched boutiques / investment firms (including search funds which are always looking for help, albeit for free). Ultimately, networking is key and you will have to broaden your outreach.
Yeah, if you're at a target up there, alumni have to have your back, at least in getting interviews.
That's pretty much how alumni networking works. They open the door, you prove yourself and get in.
Good luck.
Graduated this December with no full-time offers, any suggestions? (Originally Posted: 01/26/2018)
Hi WSO,
A little background: Graduated in December from a non-target on the west coast with a degree in Finance and a 3.3 GPA. I essentially switched from being an International Business major to a Finance major during my senior year and, as a result, I have no relevant internship experience besides a volunteer research project I did for a small fund based out of NYC back in April of last year. The one interview I did land, I ended up making it to the final round but another candidate was picked over me due to his previous experience, which is totally understandable. I'm starting to get a little worried because I'm too old for a SA or intern position but not experienced enough for a FT position.
My dilemma: There's about half a year until recruitment picks back up again (from what I've read and understand) and I'm having a rough time trying to lock down any off-cycle interviews or spots, but I'm still actively trying! What can I do right now to show recruiters that I'm not wasting time until then? I've started writing some investment theses to attach to my e-mails and hopefully that will improve my response rate. Any other suggestions? Thanks!
To clarify, are you only looking for HF jobs? Did you go through fall recruiting at all?
I was at the start of my search but now I am open to working anywhere in the industry that could give me that experience I really need on my resume to show recruiters I have some idea of what I'm doing. Working on the buy-side is my ultimate goal but at this point I've accepted that beggars can't be choosers. Recently I've been debating whether or not I should start networking to get into IB since that seems to be the most typical path to ultimately end up on the buy-side.
For your second question, I did go through fall recruiting and as I mentioned in the OP, I was only able to land one interview but unfortunately that didn't end up working out. It was a great experience in itself and having made it to the final round on my first interview has given me the confidence that I'll do well going forward if I could manage to get more interview opportunities.
No offense but isn't a 3.3 GPA on the low-side in the job market? I'd say even passing the resume scan for interviews is less likely even for IB.
Hah, no offense taken. Yeah, it is. Just a combination of me going to community college and not caring, working almost FT to pay for tuition once I got admitted to an actual university, etc. Once I realized I wanted to be a Finance major, I had taken so many classes across so many different majors that my GPA wouldn't budge once I switched my senior year even though my grades for my major's classes were good. No one to blame but myself really... I wish I worked a bit harder in school but what's done is done at this point. I just have to work a bit harder to prove myself.
Graduating in 2 months and unemployed - can I still get a consulting offer? (Originally Posted: 03/22/2014)
Is it too late to get anything at this point? I'm graduating from a top 10 liberal arts college with a 3.8-3.9 as an econ major.
It really depends on the firm that you want to work at. If you are thinking MBB, Deloitte, Accenture and other big name firms, then the answer is likely no unless you have connections at these firms that can pull you in. As a non-target, I only got my interviews through connections and the rest was on my own. A 3.8-3.9 is good but not going to automatically get you noticed by a recruiter this late in the process (or ever in the process depending on the firm). To give you perspective, I was a 3.95 at a non-target and I likely only got to the interview round because of my connection and this was in December, the opportunities have only gotten harder to obtain since that point. My suggestions are to start networking as quickly as possible and start doing case prep in case you do get an interview because once you start the interview process, you will progress quickly, like resume parse round, first rounds, final rounds, offer, and signed offer all in less that a 3.5 week span. PM me if you have any further questions.
You can try/continue networking via alumni on Linkedin, but at this point, that will be difficult. I would recommend getting a job in an industry you’re attracted to and then just start applying in the winter as a lateral hire. I’m not sure about MBB, but I know big 4 and Accenture routinely hire college graduates less than a year out of college. The upside is that it’s much easier to get in this way compared to the usual OCR/undergrad route. The downside is that you’ll be coming in at the entry-level so you may be 6 mos-1 year behind in promotions compared to others in the college class of 2014.
Best of luck.
As the poster above me said, you can always apply for MBB next year. I am starting this fall and one of the members of my 2014 class was previously working for an oil company for 8 months. I don't know about the others but my MBB is happy to interview people from industry.
And no matter what, start practicing case interviews right now. If you get an interview, you want to be ready. Even if you set up an informational interview, you want to be ready, because you could be given a case on the spot to see if you are worth recommending to the recruiter. Since you will likely have few opportunities, you should be looking at at least 25 live case interviews before your first interview - and that's the very least in my opinion. Good luck in your journey.
Thanks! A lot of good advice. I actually spent last summer doing a ton of case prep (including reading Case in Point twice as well as the WSO guide) so I feel fairly confident on those now.
Graduating senior, middle of November, no job lined up... (Originally Posted: 11/13/2014)
Background: 3.6 GPA from non-target (large state school with decent alumni network though), boutique IB internship (decent experience but weak on modeling, did BIWS course/Rosenbaum book to supplement it), F500 internship, 2130 SAT, some club leadership, social fraternity (had decent success networking through that).
Well, it's the middle of November and I have nothing lined up. Building up a list of boutiques (through this site and others) that I am going to start reaching out to. At this point I am really not picky at all, debating between trying to find any finance job in NYC and trying to lateral (I have or at least think I have a decent network) or going for any boutique, anywhere. Probably going to target both to be honest.
Did a heavy amount of networking for SA positions (both phone and in person), only ended up with two superdays. I didn't get many "at-bats", only had one phone screen that I felt went poorly and I didn't get moved on, the other two I killed and got moved on. One superday, plane ended up being delayed, didn't land until the interview was supposed to start. Only went downhill from there, was by far the most technical interview I had and I didn't do so well. Had a superday a few days later in the city and it was 95% fit and I just didn't perform very well. Overall wasn't too surprised I ended up without an offer from either.
End up at a local boutique for the summer. Did some more networking over the summer (mostly through phone) and started to gear up for FT recruiting. Was patient, had a few phone screens/1st rounds that went well, 1 that didn't go so hot (tripped up on a technical and they asked a few odd fit questions I wasn't ready for, no surprise I wasn't passed on).
Point is I felt like I was fairly prepared and when I did mess up in one interview (usually advanced accounting questions) I worked to fix it for the next interview. Read the BIWS/WSO guides, had a few friends mock interview me, practiced in the mirror, etc...
I felt like FT recruiting was going to go a lot better. My first rounds were harder technically compared to SA positions but I was more prepared and the fit questions were a lot easier since I had the boutique internship to draw from.
Ended up with two superdays, one at a regional MM place (some of you might have heard of it) and a MM place that is fairly big all over the country (but has a 'eh' reputation...not that I was being picky at this point). Regional place superday went well, could have gone better in some areas, but I think I did very well in the fit portion of the interview. Better than my SA interviews went. Still haven't heard back (obviously not a good sign) but apparently they only offered 2 kids, and only 1 accepted (they told us they were looking for 3-4...maybe not though). I'm writing it off as a no and moving on, but technically I haven't been rejected yet and their whole process seemed a little disorganized.
Other one was in a good finance city, decent sized MM bank, so I was pretty excited. Involved a group case, that went ok, but it seemed like everyone struggled a bit with it. Felt like I did very well on the standard/traditional interviews though, technical part was very different and unusual, but the interviewer implied that I killed it and seemed impressed. I left to fly home being cautiously optimistic, it was my best superday experience. Got a rejection email last night, sucked but I wasn't too surprised considering it had been 10+ days.
Sorry for the wall of text but I wanted to give some background. I know a 3.6 from a non-target isn't going to blow anyone away but I'm kinda disappointed in the lack the at-bats I'm getting or having a first round/phone screen that seemingly goes well and not getting moved on. Not sure exactly how many people I have networked with (I'd ballpark it at well over 50 though, mix of in person and phone) but I have a huge spreadsheet on my computer with a list of names and how I'm connected with them (college, fraternity, Eagle Scout, misc/random people that I find on linkedin and think might help, etc.) for me to try to reach out to.
A couple of my contacts told me that their banks don't do FT recruiting until winter so reach out again then (strange...) so not all hope is lost but obviously I want this wrapped up ASAP.
Not about to give up but this is slightly discouraging. GPA is going to take a slight hit too this semester from placing an emphasis on recruiting.
Any tips? I know some people have been in similar situations but couldn't find many recent threads on it.
Starting to look at any job at this point and having always had a MSF/MMS type degree in the back of my head. Lucky that I'm going to graduate undergrad debt free so getting a masters wouldn't be a huge burden. Have done 0 GMAT prep though...
I have an interest in giving back and looked into TFA, Peace Corps and a new program called Venture for America. I'd love to do the peace corps at some point in my life (and while being
Trying to poke holes in my strategy/approach. Part of it was crappy timing/bad luck. When networking for SA, two three times I had literally missed the referral/non-target deadline 2 or 3 times for different banks.
When recruiting for FT, a few of my contacts had moved on to the buyside or out of banking completely. Emailed one guy to check in on FT recruiting, got an away message saying that "as of [the date I emailed him] he was no longer employed by xyz bank". That really sucked haha
I probably could have been more aggressive from the beginning, but I didn't want to come off as too strong. Got some good advice from people and go other that quickly.
I'm just going to keep plugging away...It'll just make my story that much better when I do finally break in somewhere.
Graduated almost a year ago and need to find a job - any advice appreciated! (Originally Posted: 01/26/2017)
I graduated last May from a top business school summa cum laude, one year early. Unfortunately, I was short-sighted and focused too much on getting through school quickly so that I would have less debt and did not take any internships while in college. Now I am having trouble finding an investment banking position despite my achievements. I do have some experience as Financial Systems Analyst at a Fortune 500 company from right before college and I did finance research during my last semester.
So far, I have been asking those I know to submit resumes internally and searching my school's careers page and LinkedIn but I don't seem to be qualified for anything because of my lack of experience. Even junior analyst type positions seem to require a few years. Any guidance on getting into investment banking, or even finance positions in general, would be much appreciated. I'm looking primarily in NYC but I'm willing to consider other locations.
Keep applying to everything.. I know that November-early January was tough for a lot of places due to the holidays, Trump bump, yield jump, and market noise. But, they should start opening up towards hiring at some point, just because it's something they have to do sooner rather than later. If you keep applying, your background will get you noticed. But don't just apply to IB jobs, because they are drastically more harder to get than most other jobs. Once you get employed, you can start focusing on networking and breaking into IB if that's what you want to do. Finally, stay up on markets and be prepared for interviews.
Apply to positions and firms you had not yet applied to. Any experience is better than none, so settling while you continue to look is fine. Also, just because it says "2-x years experience required" does not mean that it is.
The only reason I got to where I am now is because someone else who actually has rank decided to help me. Make connections with people who can get you the right job. I have found Alumini from my school were some of the best sources for help and are often willing to help. I found that if you can apply online and then get someone from the inside to put your resume in front of a hiring manager it helps a ton. Good luck.
Graduating senior, need a finance job! MSF? (Originally Posted: 05/19/2013)
So I got an offer from a boutique consulting firm. It mainly does project management for a number of F500 tech companies. It starts in august. What I originally wanted was to work in AM but I couldn't get an offer.
Any ideas about how I should go about getting a job in finance? I have a few months to look around so I've got a little time. But any suggestions?
-Should I work in consulting for a year and apply to a MSF? My gpa is 3.2 and I come from a top LAC (econ major), with good extra currics).
-What are options do I have?
Thanks for the advice. Ultimately I could end up liking consulting and stay there. Any advice. CFA?
Take the job and work. Some experience looks good on your application so if you hate it in a year you can do the MSF. Job market is tight right now so having a job is prederable.
Stay with the consulting job. I worked in management consulting with a boutique for a few years before doing my MSF and I had a very positive experience overall in spite of never wanting to work in the industry again. You could like it, like you said, but even if you don't you'll be in a much better position applying to those AM positions with 1+ year of consulting experience on your resume. Employers tend to respect the workload and willingness to travel/abandon your social life that consulting entails.
CFA in December might help also, but I don't have any experience with this personally. At least the process of studying for it might be a solid test of whether or not you're going to enjoy AM
Yeah, I might recommend studying for the CFA. I am hesitant to always recommend it since I don't feel as if it is a panacea, but it will prep you for the MSF and really flesh out how interested in finance you are.
Woot top LAC econ majors represent! Definitely take the job and work for a while (it'll distract from your GPA at the very least); any experience will help you and you can say you weren't really into consulting after a while and decided to go into finance. At that point you shouldn't have too much trouble, even if you have to go into a first year analyst position.
Just make sure you have an interest in markets ◔̯◔
Graduate with no job looking to break into IB (Originally Posted: 02/06/2018)
I graduated from a non-target this past May and have been looking for an IB Analyst role for almost a year. My GPA is not too good (slightly under 3.5), since I started off in an unrelated field and switched to finance in my 3rd year. The typical IB SA recruiting path wasn't an option, as I barely knew anything about finance when banks were recruiting, and my GPA hadn't started recovering from the past 2 years of abuse. I managed to land an internship at a tiny investment firm, which didn't come with a return offer. That summer I got a great experience and helped out with sourcing, diligence, and modeling, but had to go back to the search.
Fast forward 9 months, and I still didn't have an offer. Recruiting went pretty weakly, I had gotten a few AM interviews, but no results. My feedback for IB always came down to not having an IB internship or good enough grades. I went into the summer with a positive attitude and, after compiling a list of the smaller banks in my area and New York, reached out to every single one later on in the summer. One of the people who responded ended up offering me an off-cycle internship at a regional boutique. Although I was already a graduate and this was an internship with no return, I figured getting IB experience would help, and a new network would open up more opportunities.
The internship gave me a great intro to IB, but now I'm in an awkward position. Almost all spring IB Analyst recruiting is lateral, so even after getting referrals, I was told I didn't have enough experience. I would gladly take a summer internship if it meant a shot at a full-time offer, but since I'm almost 1 year out of college, I was advised not to apply. Starting in a different field (AM/ER) to move to IB seemed like an option, but I got the same feedback in AM as I did in IB. I thought about applying for a BO role and moving to FO, but the career opportunities out of BO seemed much more limited and a BO to FO transition is a rare exception.
I would really appreciate any advice you guys might have for someone in my position. I've been staying on top of my networking and actively looking for new openings. To make up for my lack of experience and GPA, I've been spending a lot of time going over interview prep, reading up on recent deals, and practicing modeling/accounting. I'm hoping a good network will make a difference at some point, but so far, even with contacts, getting an interview has been the biggest challenge.
Consider sitting for the CFA or enrolling in an MSF program. Stay on top of networking always because you never know when an opportunity may open up, but right now you may need to make yourself more marketable aside from the experiences you have.
At this point, I would consider casting a wider net. The longer you're unemployed the harder it gets. Try to find any finance related role, get promoted or lateral to "better" companies and then try to get into a good MBA program to break into banking if you're still interested at that point
Where do you guys look for jobs? - Recently graduated from a non-target with a BA in finance (Originally Posted: 07/08/2008)
I have recently graduated from a non-target school, with a BA in Finance. I graduated with a 3.58 cumulative and a 3.75 finance GPA, yet I am still having trouble finding an entry-level job. I know getting into a BB is a long shot, so I am prepared to start in an entry-level analyst position and gain some work experience before trying to move up the ladder. What is the best way to go about seeking an entry-level position? I have tried using job boards like monster, indeed, careerbuilder, but have not had any luck with those. I've also tried going through the career services at my university, but they have not been very helpful. They've told me most of the recruiting has already taken place and that I should wait until next year now. Is this true? The process is getting really frustrating, I didn't think it would be this difficult to find something. Any suggestions on how to go about the career searching process would be appreciated. Thanks
do you have any relevant work experience
cold email. cold call. Have a killer CV and cover letter and send them out to every finance firm that exists. I know I ended up applying to 100 plus firms just for the summer. Try applying to firms in Asia, Dubai, Canada, Europe. In your situation I wouldnt even rule out PWM for a BB or something.
As a recent graduate, my work experience is really limited. I interned the summer after my sophomore year with a certified financial planner at a local Raymond James branch, but thats about all the work experience that I have.
Email alums in finance and ask them for advice (not for a job). They'll tell you about banking, tell you how they got in, and at least one will put in your resume somewhere. Use recent graduates in finance, or friends, as resources who will look at your resume and help you make it killer. Otherwise, be persistent with the cold calling, alumni networking, and using your career center - your work experience is certainly better than mine was.
http://ibankinglife.blogspot.com
Do you guys think it would be beneficial to make a trip out to NYC/Chicago and just walk into a few firms and talk with their HR departments?
No I don't think just walking in will get you anywhere. Due to your lack of experience and given how late in the game it is, I think your best bet will be to do what jmdude recommended, which is cold call, cold email etc. You need to hit the pavement here and send your resume/cl out to as many companies/offices you can find. This doesn't mean applying online on their career's websites (although that might not be a bad place to look for open positions), you need to be emailing someone in the company directly.
Also go the alumni/friend route. You'd be surprised how small the financial community is, so the more people you talk to (as ibankinglife mentioned, don't ask these people for jobs, just speak to them) the higher the chance that someone will know someone that needs an analyst. PWM might be your best bet, since it seems like the most logical progression from your only experience, and there are always guys at places like Merrill or Smith Barney who are looking for entry level guys to do their bitchwork. In this market, with your lack of experience, be prepared to take a finance job that won't be terribly glamorous, but will provide you with some experience. Good luck.
I'm in a similar situation as aakashn here, so this advice is helpful for me too. What would you say is more beneficial, a position in PWM or a fund accountant position. I would imagine fund accounting is a bit more relevant since you're working with financial statements whereas PWM is essentially client assistant, but correct me if I'm wrong.
I have the same question. I have just graduated and I am in a similar situation. The only places really even hiring right now on an entry level basis seem to be PWM or fund acct within a BB bank. I am looking at a few possible offers and Im wondering which route would be better to take. Ive heard that fund acct might not be the best way since its tough to move from back office, but it might be good initial experience, but on the other hand PWM can get you Series 7 and 63 licenses which could help when looking for a job later.
What do you guys think?
Although conceivably it shows balls, logistically it just doesn't work. These guys are busy, bankers and HR included - I've frequently had scheduled interviews (superdays) in which some bankers were unavailable. Can't hurt to call HR though, and in fact I'd recommend it. Think of a good question to ask that isn't answerable via website (something about your background perhaps).
http://ibankinglife.blogspot.com
Senior Graduating in June without a job offer (Originally Posted: 02/20/2015)
I'm a senior at Northwestern (target school?) graduating in June. I've been on the job hunt for equity research, I-banking, Asset Management, and other buy-side positions for a couple months now, but it hasn't worked out too well... I had 3 first round and 1 second round interviews (none of which were for equity research at MM), but no superday as of yet. I understand that these positions are hard to come by... so I tried to network with people in various MM firms via informational interviews (30+), but they haven't helped out as much as I hoped they would. With regards to my work experiences, I previously interned in Public Finance at a MM and equity research department at a start-up.
I would really like to work in equity research, but do you guys think I should pursue jobs in other fields? Or should I keep chasing after my dream of working in equity research? I am a little worried as I will be graduating in June without a place to live in or income.
Any advice would be appreciated.
Thanks for the input! I will try PwC. Anywhere else I can try?
I'd look at Moodys. Granted you would be doing municipal credit ratings given your background but it's athe least research related and in the same ball park
Need advice on FT job search after graduation (Originally Posted: 03/29/2016)
Hello WSO - I am a soon to be graduate (May) at a non-target and have had my eyes set on Wall Street for about three years now. I landed a PWM internship this summer at a major firm and have leveraged that to look for a full time gig. I've made two networking trips to NYC and have contacted nearly every possible connection I have but have yet to get an offer. I am looking for anything IB, AM, or even MO BO at this point. I've got a 3.9 GPA. I've worked as a credit analyst for a local bank and I also run $200k in family money in the stock market.
I'm also actively involved in politics in my state and have many offers to stay here. I'm holding out for something NYC but starting to wonder if I've struck out. Any advice or input into my situation would be much appreciated from this community. My main question is if I can stay local and do politics til November maybe even a little after the new year and then push for NYC more after I'm done with that. Thoughts?
Thanks!!!
Any advice would be appreciated. Thank you!!
College graduate looking for job (Originally Posted: 04/05/2009)
For those graduates still looking for a job, where are you guys trying to look for the job either on the internet or waiting until next semester recruiting?
Living in NYC and my first line in promotion is mass mailings of my resume with cover letter
I'll be following up with phone call and emphasizing that I'll work unpaid (maybe this helps?)
After that I'm turing to the freinds and see what I can shake out
Finally I'll be going to bars and lounges to have fun and try to make new friends in the finance industry.
I am not sure, but I am pretty sure working for free is illegal, and something firms shy away from. Something about slavery? Anyway, as I understand it it represents a massive potential litigation liability to them - if they don't pay you minimum wage, they are breaking the law. Not worth it for a bank. Unpaid internships are done because they can be for credit, which clears the bank. But I doubt unpaid work is going to happen.
Small buyside firms might take 'volunteers.'
unpaid work = risk of moral hazard.
What Job to Look for after Graduation? (Originally Posted: 07/06/2011)
So I'm set to graduate in Apr 2012 with a BSc in Econ and minor in Finance from the University of Victoria in BC. I'm planning on starting the CFA program this September and studying for level 1 along with my 4th year courses. I've been looking on job websites (craigslist, Monster, etc.) and noticed that there aren't many positions available for people who have yet to finish the CFA program; only jobs available for people who have the charter. My question is, what kind of positions should I be looking for while I'm trying to complete the charter and how should I go about doing it (cold emailing, networking, etc.)?
hmmmm, let's see.....what do you want to do?
^lol look at company websites. a lot of asset management firms (i assume you want to do that since youre studying for the CFA) have training programs and i doubt these are on monster.com you should apply to Gluskin Sheff if you want to stay in Canada, David Rosenberg is the shit
That's kind of the way I'm leaning; that or risk management. I looked into Gluskin Sheff and some of the analysts that work there; most of them hold the CFA. Staying in Canada is absolutely mandatory as well. Everything aside, thanks for the advice. It's much appreciated.
Use industry sites and network as well. Get off monster.com.
Any specific examples of industry sites that you recommend?
You should spend considerable time networking and as you meet more people in various jobs you will get a sense of what you like/don't like about various jobs people have and you will be able to make a good decision at that point.
Graduated Today, Job Search Continues, Advice Needed (Originally Posted: 05/14/2013)
Hello WSO, been lurking for a while, love this site and the witty commenters. Have a question, but first heres background. Graduating this week, no job offer. Dece GPA, non-banking experience but have better internships than waiting tables or working at car washes (though I did that for a little summer liquidity).
I'd like to end up (of course) in IB... to be honest at a boutique actually. I think it suits my personality and independence. But I am a very realistic person. I know I'm not getting an IBD offer out of school, especially this late in the game. Got a call recently for a JPMorgan Chase Commercial Banking Analyst interview. I took it because who can be picky in my situation? But now I'm second-guessing everything after reading around, talking to people, going on WSO. Is there any chance for a good exit opp in commercial banking? Is JPMorgan's group substantially less prestigious than its corporate?
I guess I basically want to know if I'm interviewing to be a damn Chase Bank Branch Manager or if I'm actually going to learn stuff and get (if only the tip) into finance.
I had a good laugh reading the investment bankers ripping the commercial bankers to shreds on other threads.... then I realized that could be me.
Constructive please, need help!
Commercial Banking > Unemployment , Ignore the chatter, most people who rip are students
everything in life is relative
You don't have a job. Take the interview and keep hustling.
there are a lot of people who shit on certain jobs....its the smart ones who learn from every job...the most successful traders that I have worked with started off in back office (valuations/PnL/trade assistant/support)... learn from your job and use it as a spring board up
I really cant thank you enough nice pep talk guys appreciate the good vibes talked to an alumn from my school who is a commcerical banker and said if you work hard enough (perhaps getting specific industry experience) might be able to re-route after MBA.
Life can be tough. Not everyone gets the jobs they're qualified for, let alone the ones they want. Welcome to the real world.
This is true in all aspects of life. Generally speaking, you get what you deserve. Only thing you can control is effort. Take a serious look in the mirror and realize why you aren't yet in IB and work on those things. Did you go to a target school? If not, you needed more than a "decent GPA". So now you have to show incredible resolve for the job and learn a lot of stuff on the side.
Graduating and Jobless, Suggestions? (Originally Posted: 03/25/2009)
Hey guys,
I am Currently a senior graduating in may 09. My overall GPA is 3.1 my Finance GPA is 3.82 ( I basically did horrible my first year and have since paid the price, even though my last semester's GPA was 3.9 I am still lagging)
I recently passed the CFA Level 1 examination and have many extracurricular activities etc. I also worked In a Bank in a summer internship program but It was not Investment Banking related although I did a lot of financial statement analysis. The only financial modeling skills I have are limited to my undergraduate curriculum.
I am really trying to get a job in a investment banking firm as an Analyst (Preferably dealing with M&A)
So any suggestions or do you guy's think I'm screwed? Is Investment Banking way out of my league right now? and if so what can I do to improve my odds?
I am fully 150% percent committed to making it, and I know that eventually I will no matter what.
Thanks
I am also Fluent in Spanish
I'm still in undergrad myself, but from just reading your posts, think boutique, network quick, and maybe think about down south like miami where the fluency in espanol will help.
Good luck man, I feel your pain!
Use the fluency in Spanish to your advantage. UBS, Jones Lang La Salle do a lot of IB business in Mexico I believe. I'm sure there are boutiques who do to.
Sometimes the path less traveled is the more rewarding path. It is very tough out there right now and the best thing you can do is just get experience. There is really no M&A going on at all at this point so you are not missing much. I would suggest networking, but even that will probably yield minimal results due to the environment. Additionally, the competition from guys that have been let go less than a year will also play in.
Its really hard to get experience right now, since I can't get a job.
I am thinking of doing the analyst exchange summer training and internship program. I think this will help me get the technical skills that I am missing (M&A modeling, Leverage buy out models , etc.) plus the internship experience, which I think I need. What worries me is, what will I do after the summer is over? What do you guys think, is this the right way to go giving my odds of landing a job?
When I say experience, I am using the term in a generic sense. I mean just try and get any financial experience you can. I-banking or not, there are a lot of government consulting jobs out there that would give you exposure to finance and you would have job security. Even in a great market with a 3.1 it would be very tough to get a job. Do not take my comments completely negatively, but you are doing the right thing with CFA, etc. I do not know if the analyst exchange is worth it. Do you have enough of an accounting major to potentially get an MS?
Not sure, I completed the intermediate accounting courses in my school... I want to eventually do an MBA but I lack the work experience to get into a top school...It all seems kinda like a loophole
You sound very ambitious, certainly a good thing. However, I would set realistic goals atleast for the short term. With a 3.1 gpa from BU, I would say its almost impossible landing an IB Analyst job(at a BB firm), especially these days. You would be competing against bigger nerds from Harvard, Princeton, etc. M&A spots usually go to top of the top candidates. If u want to relate it to medicine, its like landing a Dermatology Residency. Or landing a job with a top 5 biglaw firm, u get my point. Since u are a minority, I would definately try to network with a minority sponsorship group to get in that way. Most banks I believe to have such programs(minority mentors,etc. Realistically, I would aim for an Ops job then go from there.
even for BB ops your a long shot look for regional and boutique operations
Honestly no respectable IB will hire you. No offense, it sounds like you would do a good job, but they don't have to hire someone with a 3.1 when they can get people with 3.9's.
I would try to get into a BBCorp banking (basically the area of the bank that finances the deals that the investment bank gets). Then once you complete all three CFA charter exams, you'll be in a much better position to switch over to ER or IB.
I def do not agree with some of the posts. The CFA will help, but a lot of Operations/Middle Office employees now have it so there is more internal competition when positions open up.
Here's how it works....you can get into any firm you want, any job you want. I interviewed with them all!! I graduated from an average University, worked my tail off when I started at an I-Bank. That got me into one of the world's preeminent hedge funds on their Commodity Futures Desk. Now, I am now running an Wheat Arbitrage book for a Commodity House and have two traders who execute for me. Granted, if I graduated from an Ivy League school I wouldn’t have had to jump through all of those hoops, but I still achieved my goal. Plus, if you are fluent in Spanish/Portuguese you can trade the softs market, or work on the Latin America/Emerging Markets Desk at an I bank/Fund.
The world is yours my friend, even in this terrible economy…..it may just take a little longer.
i wouldn't consider "BU" average especially there management school. They are lower tier.
BU is definitely in the "average" category. Maybe in finance it is lower tier, but in the real world it is average - I'd probably put it around 50, which is obviously not great, but it is significantly better imo than ASU or FSU or something like that, and that my friend is the definition of average; some above, some below, about in the middle. Would BU impress you? Hopefully not, but it isn't horrifyingly bad.
http://www.fm-co.com/
my friend used to work there, check it out.
Where Should I Apply for Jobs After Graduation? (Originally Posted: 03/22/2012)
Hey guys, I'm a junior this year so I'll be applying for jobs next semester. The problem is I don't really have any idea where to look into. I'd like a position that pays well (hopefully 80k?) and is meritocratic, anything from 40-80 hours/week is fine. I'm an engineering student, but a pure engineering position would be a last resort. I thought about Capital One, Shell, Texas Instruments and companies like that, but I don't know any good business positions or what to look for as a job before I go back to get an MBA. Does anyone have any ideas to look into?
Resume summary: BS Electrical Engineering, top 20 school, honors college Specialization in Power Systems, thesis on transformer efficiency 3.8 GPA internships at GE Energy, Westinghouse Electric Company various leadership positions on campus C++, Matlab, etc.
Thanks!
North Dakota, be an oil man. 100k+ right out of college.
Was Megan Fox even hotter in real life?
Hey bud, try actually reading the forums...
Recent Graduate cannot find a Job(Help!) (Originally Posted: 04/24/2012)
Hello I am new here, and I am not sure which Forum section to post this under, so i tried here.
I graduated with my BA in Finance about a year ago, and wanted to start a career in Financial Analyst, Management..etc. Non-Paid Internships were a no go, because of my own financial reasons....
Now when I was applying for jobs, I received interviews from Putnam, and a few other companies. I was about to be hired a couple of times, but they called me back and told me they could not, because they changed the rules of hiring, and required everybody have their licenses already. When I asked how, they said I had to be hired by a financial company to take the tests...So catch-22.
My question, How in God's name can I progress in my career path when I cannot even have the opportunity to take the test?. Any thought's suggestions?. I live in Florida, but I don't know what to do
Thanks in advance
You graduated a year ago and you're just now visiting WSO to ask how you can get a job in finance?
Look, you're already way behind the curve by being a year out of school. You're going to be competing with this year's graduating class. Employers are going to wonder why you've been unemployed/underemployed for this whole year, which is going to make it much harder. You're going to have to take a job you aren't necessarily too happy about and try to move up from there.
The hard truth is, it's hard to make it in finance. There are a lot more people trying to work in finance than there are jobs available. That's not to say they're not out there, but judging by your perceived effort so far I don't think you've been looking/networking hard enough. Good luck going forward
No I have been employed, working other jobs, Forensic Accountant, Cost Controller, AR/A/P, etc... but I cant make inroads into any Financial Companies though it is what I want to do, but getting an interview is not the problem. Its the Licenses that are stopping me from getting a job. That is what I am trying to figure out to do. The line I always receive from the end of the interview is you need your licenses first now, before we can hire. That is my catch-22...IDK how to get around that, HR departments have changed since the 08 crash. So that is why I am stuck
wtf kind license u talking abt? series 7? CFA? drivers license? dude, wtf u talking abt?
What kind license u talking????
I think this really means that they want an experienced hire (with relevant experience). If you had your licenses, then you would have prior work experience related to those licenses. For a true entry level position, people won't care if you have it or not.
You kind of hit the nail on the head. What they advertise is not what they mean. Can someone answer me if that is the case why do they make me go through the 2nd and third and final interviews just to tell me the same thing over and over, and the licenses are Series, 6,7,66 etc.
nice idioms.
do a WSO internship.
Advice Needed - Getting a job after graduating (Originally Posted: 07/17/2012)
So I am looking for some advice in regards to actually getting a job and where I should expect to be placed. I'll be graduating this May from a top 50 undergrad business school in NYC (not NYU or Columbia) and what I am wondering is how you all determined what you did after college. Like why did you choose AM or IB or wherever you worked first? If you were to factor in the following about myself, could you see someone in my shoes landing a gig in banking at a top BB? Or should I just hope I make it at some smaller firm or maybe even just stick with GE? Pretty much, what I am looking for is some input on what type of program I should aim for?
-3.5 GPA -6 months internship in internal auditing at a bullshit company (sophomore year) -year internship working at a top 3 US bank working in their private equity group (more like a fund of funds and we worked strictly with the firm's money; no clients involved; I worked 30+ hours a week during the school year too with a full course load) -currently interning in GE's FMP (which I really regret accepting as it's not GE cap) -studied abroad at the LSE
I have been using my contacts from my PE experience to talk to people at a wide variety of firm's and positions. The problem is, short of asking any of these individuals for an interview, I don't know how to leverage these conversations into anything else. I don't want to be too forward and offend/piss off anyone.
These questions blow my mind. AM and IB are two completely different things. Why did you choose Finance over Art History?
Ehh my experience has actually been that people just interview all across finance not knowing what they want to do, and then end up accepting their best offer
Fordham?
Sounds like it. Don't think its Baruch...
And jwf, have you considered going to job information sessions at NYU and Columbia? I don't know if this would help or not, but you'd get to meet people actively involved in recruiting.
I think with your PE fund of funds experience you should have a shot at front office BB. I'm no expert tho
That's a pretty good idea JD. I have friends at both schools so I'll definitely look into it.
And thanks for the other words of advice from everyone else.
Graduated but still looking for a job, what now? (Originally Posted: 07/29/2013)
Hey guys. I graduated in April and am still looking for a job. I summered at a boutique IB last year but for this summer, I was job hunting and passed my CFA.
What should I be doing for recruiting now? Is it over? At this point I am cold contacting bigger boutiques than the one I worked in last summer, hopefully work my way into an off-cycle Big 5 position in a year's time.
Is there anyone out there who was jobless after graduation and managed to land a job / big5 or bulge-bracket bank? Please share your advice or insights. Thanks.
I don't know if I have any advice I can give you right not, but I'm in exactly same position as you. I've interned at a small boutique investment bank, and been looking for investment banking jobs for past 4 months with no lead.
To make it worse, I have 3.0 gpa at barely semi/non- target school, and my parents are almost bankrupt so they can't support me anymore. I pretty much gave up on getting FO job at this point and have been looking for BO/MO, real estate and anything related to finance to support myself.
I think if you want it bad enough and try hard enough, you will eventually land something. But if nothing works out, accept the fate and move on because maybe it wasn't just meant to be. Not everyone can be an investment banker, and you can be successful in any industry.
Good Luck tho, I feel you pain.
Check out staffing agencies and recruiters. You would be surprised how many temp positions there are right now for every group/function.
Post your resume on efinancialcareers.com . I get at least 1 call per week from a recruiting/HR/staffing/temp agency/etc person who sees my resume on there.
Supposedly onewire.com is good, but I've not only never scored anything from there, but they keep spamming my inbox. It's really annoying.
The other strategy I think you would be wise to pursue is to work out an internship agreement at some local firm, likely unpaid, that will allow you to put something good on your resume. This is crucial, I think - I get far fewer hits when I'm completely unemployed than when I have something to say I'm doing.
Did you go through FT recruiting during senior year or try looking outside IB?
@yeahright - Thanks, I will try that.
@Kassad - Will try that too. I am trying not to push the unpaid idea right away. I don't want to undersell myself, at the same time, I know I am desperate. I feel like it is better to bring this up during the meeting or chat as opposed to outrightly stating you're willing to go unpaid in the cold-email. What do you think?
@pickle - I did but did not luck out.
Graduating senior:Alternative to taking a full time job? (Originally Posted: 04/16/2014)
So I have an offer from a regional commercial bank as an analyst. But I know that I do not really want to work there. It is a two year program. I don't want to sound ungrateful, because I am and I know there are a lot of people without jobs.
But I was wondering, is there anything else I could do that employers will see as meaningful? Any volunteer programs or thing like that.
Or should I just work and network and then reapply with the next applicants this fall and see if anything comes from it?
There is always the possibility of getting an MMS or MSF, but if this is a strong regional e.g. Regions, Key or BB&T, I'm not sure that an additional degree is necessarily worth it. Why don't you want the offer is it the firm itself that you don't like or the position itself isn't appealing? I would probably go ahead and take it, there is always the possibility of switching down the line.
It's kind of a combination of the location, culture, and the type of position. I was hoping to land a job I really wanted in NY/Chicago but got beat out during the final rounds. I wish I put more effort across the board instead of all my eggs in one basket.
Take the job and continue to network in the meantime/while you're working.
Trust me. I had the same mentality. I stopped networking for a few months during my job (got complacent) and just got let go a month ago. It's much better to be looking for a job when you already have one.
thanks for the comment. Since it is a two year rotational program, would it look bad if I jump ship after a few months?
If your long term plans include grad school of any kind i.e. B-school, law school, etc, think about Peace Corps/Ameri Corps/ or even Teach for America, I have heard from people I know on admissions committee at MBA business schools">M7 and T-14 schools that schools love to see that in their applicants and it can take you from being an average candidate who just gets in to being a candidate who gets in with lots of $$$.
I personally can't imagine being paid next to nothing as a Peace Corps member.
Kudos to people who do it.
Thanks for all the comments everyone.
Recent graduate, jobless (Originally Posted: 05/12/2015)
A
Following.
If you don't mind me asking, what was your masters
Need more info before someone can tell you to make a life changing decision. Let's start with: -your grades and areas of study -reasons you haven't secured offer yet -explanation/details on your current recruiting/interviewing situation (# and types of interviews, depth of process, identified areas of weaknesses, etc)
The more details you provide, the better we can understand your situation to give our input on how you should approach.
You said that you went to masters before any proper work experience (internship only) which indicates that you did not get into a very reputable school since most reputable schools value experience highly in the admission process. This might be the reason you are not employed yet. At most times, finance jobs look at the prestige of the school and quality work experience and since you do not have any of those two, I'm not surprised that you are unemployed. I recommend you start cold calling, obtaining technical knowledge, and all out hustling to get your foot into the door.
This is based on the assumption that you did not go to a reputable university
If you are jobless and looking for the job consult to any manpower recruitment agency, they help to find the right job within the shortest possible time, we also offer recruiting services to the candidates looking for the new job or want to change their current job, there are lots of job opportunities checkout the link. http://tasolutions.in/hr/current-job-openings/
Graduated 2 weeks ago - still jobless...! (Originally Posted: 05/05/2016)
I have 3 summers of IB experience in my belt, graduated a couple of weeks ago, and still haven't found an Analyst position in IB. It's already May... what do I do? Is it too late? Resources I should use? Recommendations? Anything!
Did you go through FT recruiting? If so, your first step should be to assess why that did not work out. Have you reached out to boutiques?
It might be a long shot, but depending upon how your relationships were at previous internships, and if you have maintained a line of communication after you finished, you could try reaching back out and seeing if have present needs at the junior level. It's a bit odd that you didn't receive any return offers from 3 internships though, so that may be cause for concern during your full-time hunt and suggests that reaching back out may not be fruitful.
I would take a look at the feedback you've probably received along the way about your performance on the job and see where you can improve so that you crush your next interview and perform well on the desk. With 3 summers of experience (assuming at least 1 summer BB), your resume is probably really impressive so I would hit the pavement NOW and call / email EVERYONE on linkedin and get a ton of coffee chats and be upfront during these chats. It's a numbers game for you to get a job, and the longer you are not employed post-graduation, the harder it will be for you to get a job in banking.
[quote="iggs99988"]
It's a bit odd that you didn't receive any return offers from 3 internships though, so that may be cause for concern during your full-time hunt and suggests that reaching back out may not be fruitful.
This. If you didn't get a return offer junior year, it sounds like you missed the boat. figure out what went wrong and fix it before flying out there blind.
Your best bet is probably the smaller 1-10 person boutique shops at this point. The WSO database has some of these names, but LinkedIn will be the best way to find companies of this profile, through their company page and similar firms can be found by looking at their "suggested companies" down at the bottom right side of each page (or whatever it's called). You might get just an internship to start, which you can hopefully swing into full-time. As for location, far and away your best odds are in NYC.
I was in a similar situation when I graduated, albeit less IB experience under my belt. I agree with what others are saying, assess what you did to end up graduating without a job.
Full disclosure, I'm not currently working in banking but I can tell you what I wish I did differently when I was in your position. Feel free to PM me.
blast the list of boutiques
i had a summer internship last year that did not offer full time (they just having running interns year round), and am getting solid traction through onewire, cold emailing, and linkedin applications
just grind son. make it through the boutique lists, and then when you run out of interviews there, consider alternatives
Just to ask people here, I keep reading about small boutique finance houses, can someone actully include a list?
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