Move To The USA To Break In?

Seeking advice for a big decision I'm considering.

I've been trying to break into IBD for several years now. I graduated from a top UK target with a good grade and tried every year to land internships to break into IBD. I was unsuccessful in landing interviews each year and therefore constantly ended up undertaking a 'back up plan' e.g. working in industry, doing something 'different' and so on.

I tried again this year making sure I applied early, get my application checked by the careers service/pay again for a CV review, reached out to my network to help get applications pushed, but I landed 0 first round interviews. Everyone is 'not sure' why I am not getting through to at least first rounds (gone through the typically stuff already e.g. tests, not applying to enough, not tailoring applications etc). I seem to be living in "deja vu" as the same thing keeps happening every year and I'm unsure how to help myself anymore.

Therefore I'm considering leaving my current job in industry and relocating to the USA until I break in (take up a waiter job or something to pay bills while I network). When I contact people via LinkedIn the USA network seem much more receptive to my background than anyone in Europe.

Do you think I should do this? Or is there a better plan to move forwards?

Europe recruitment is pretty much done for 2015 now so I will have to start an analyst stint in 2016 (several years post-graduation). Did I just screw up my life?

 
JustADude:

Are you a US citizen or permanent resident? You can't just move to the US without a Visa

No, but my friend said I can apply for a Visa giving me 3-4 months to find a job there (and you have to return if you don't secure anything).

 
cujo.cabbie:
Sil:

Without U.S. citizenship, it will be very, very difficult to find a job in the U.S.

Do you know why people from US banks are willing to pass on my CV to HR etc but Europe people are not?
Do you know what alternatives I have as its obvious Europe banks are not interested in me - but I want to work in IBD - so I cant seem to think of any other solution.

Not trying to burst your bubble or anything, but if you have been trying to get into IB for a few years already, you may be too old for analyst roles. People in the U.S. are just more open to networking and usually are not willing to straight up tell you that your resume is not good enough, so they beat around the bush.

That is just my guess. I am not familiar with European MBAs or how that works, but worst case scenario, you will just have to wait for that. I know you said you feel your efforts were wasted, but your efforts are a sunk cost- you already spent the time networking and cannot get it back whether or not your break in now.

Good luck, man. I wish I could be of more help.

 

MBA or nothing. Leaving your job with nothing lined up would be a horrendously awful decision. US banks have legions of American applicants who network hard, have good pedigrees and don't need to be sponsored. Most analyst programs are looking for fresh grads in particular those coming up from a summer analyst program. For laterals mostly it's people moving from adjacent spaces into IB so from TAS, corporate banking, ratings agencies and the like. I'd focus on Europe and maybe emerging markets where things are less formalized.

 
guyfromct:

MBA or nothing. Leaving your job with nothing lined up would be a horrendously awful decision. US banks have legions of American applicants who network hard, have good pedigrees and don't need to be sponsored. Most analyst programs are looking for fresh grads in particular those coming up from a summer analyst program. For laterals mostly it's people moving from adjacent spaces into IB so from TAS, corporate banking, ratings agencies and the like. I'd focus on Europe and maybe emerging markets where things are less formalized.

I really dont want to 'wait' till MBA level though. People told me if I get into a top target and get good grades I'm all set. I worked my a$$ off, did that, didn't get anywhere. Now I have a hard time believing an MBA will change things (also MBA's are used more in the USA than in the UK from what I have seen). People also told me once I had a job its easier to break in but I'm finding all the advice has an opposite effect on me - hence maybe something outrageous may just land me a gig somewhere. I don't know.

I cannot try emerging markets as I don't speak the relevant language. I've been focusing on Europe for the past 4-5 years and still not broken in. Hence the whole move to US idea.

Should I do another degree to put me back in the 'undergraduate' world? Thats another 3 years though so I potentially become an associate at like 30-31 :(

 

Going to a target and getting good grades does not get you anywhere. It allows you to enter the field of play with the same chances as every other kid who has done the same. The networking, experience blah blah etc. are what makes the difference from there. You need to compete with other kids that are foaming at the mouth for IBD. You aren't entitled to an IBD job... but I don't know what to tell you since you don't seem to realize that from the rejections. You will probably not get one in the US (guyfromct / Sil are correct), ESPECIALLY if you can't get traction in Europe (focusing for 4-5 years??????).

 

You can keep networking, but don't quit your job to do it. You probably should wait and just do an American MBA if you had good grades and can nail the GMAT and you're certain that you want IB it might make sense to go to a top 10 b school. Also, people lied to you. Plenty of top target folks strike out with great grades. Going back to undergrad is a horrible idea, just get some work experience and get an MBA or keep networking, call people in New York and keep yourself in front of them.

 
guyfromct:

You can keep networking, but don't quit your job to do it. You probably should wait and just do an American MBA if you had good grades and can nail the GMAT and you're certain that you want IB it might make sense to go to a top 10 b school. Also, people lied to you. Plenty of top target folks strike out with great grades. Going back to undergrad is a horrible idea, just get some work experience and get an MBA or keep networking, call people in New York and keep yourself in front of them.

But I really don't like my current job and 'waiting' for an MBA is 2-3 years away. Happy to do the GMAT and apply for an MBA of course but thats a seriously long wait (considering already I have been trying for 4-5 years that would be 9-10 years trying to break in which is kinda silly). Also post-MBA positions are all associate positions - I want to be an analyst.

 
guyfromct:

Why don't you like your current job? Most friends in IB hate it with a passion so there's a real risk of simply compounding your misery. Why do you want to be an analyst if you love IB? If you really mean you want to get into the buyside then simply say it.

IBD gives good training for buyside for sure. My plan was to grind it out for 1-2 years then transition over... but I can't seem to make that first step.

 
Ipso facto:

time to cut bait. trying for 4-5 years is enough. there are numerous jobs outside of IBD that can be rewarding. as each year passes post-undergrad, your chances diminish further. Forget the IBD fixation. Also, like others said, target + good grades doesn't guarantee anything. it improves your probability but that's it.

Sure there are - and I'm in 'one of them'. But I just don't enjoy it - not enough work and wrong team/culture fit. Trying to network within the firm but it boils back down to 'you need IBD or consulting experience' for the roles I want.

 

If you don't like your present job, then look for another job that's not in IBD. After 4-5 years and not getting any ibd interviews, it's a "you" problem, not "them." Your situation isn't that uncommon, so nobody's lying to you. Move on. You need an alternative plan outside of IBD. At this rate, you'll be 5, 6, 7, 8+ years out trying to break in. By then, your already low chances become zero.

 

I think I said this in a thread somewhere else, it could be a soft skill. sounds harsh, but you might come off as a dick in public, and despite being able to crush technical interviews, no one likes working with a dick. also, if your friends all think you're great and you are a dick, they're probably dicks too, so they can't give you good feedback. what I would do is find someone you're not buddy-buddy with who would be willing to help you and give you candid, honest feedback. most likely someone very senior, someone who's very full of himself, and so on. maybe someone who's a career coach, something like that.

you've told us you've gotten interviews, so that part is not hard. you've told us you have the background (target, ECs, technicals)

yet you have not gotten an offer. my thinking is it's 1 of 3 things: you're a dick, you interview poorly, or you have poor follow up. you need an impartial opinion to determine which of those it is. if you're a dick, have the career coach point out times when you acted badly. work on your manners, etc. same thing for follow up & interviewing, a career coach should be able to help. but it sounds like it's something you won't be able to get help with from WSO, you need a real live person to help.

or maybe I'm just a dick, what do I know.

 

I haven't read all of the responses (maybe he's a dick, maybe not) but it's a generally very bad idea to quit a good paying job in the US and move to NYC to land an IB position. It's a disastrously bad idea to move from another country and try that. Between the fact that it's tough enough to get an undergrad IB job if you've done the traditional top college route in the US and getting someone to sponsor you for a Visa, that's a nearly impossible situation. Without experience in the field (and this would apply to any field, not just IB) you just don't have enough to offer for a company to want to sponsor you. Figure something else out unless you have wealthy parents who will support you.

 
 
abacab:

Just summarize all the recommendations. You already asked it dozens of times.
//www.wallstreetoasis.com/forums/alternative-...
//www.wallstreetoasis.com/forums/unemployed-g...
//www.wallstreetoasis.com/forums/job-search-e...
//www.wallstreetoasis.com/forums/will-a-msf-h...
//www.wallstreetoasis.com/forums/securing-an-...
//www.wallstreetoasis.com/forums/im-not-a-trader
//www.wallstreetoasis.com/forums/seeking-brea...

I suggest quitting.

I have undertaken the doable suggestions in the above links and still not got anywhere. Thats why I posted a new suggestion to help fix the situation. It doesn't seem like one that will help - but I'm really scratching my head on how to break in then.

 

Mate I hate to say it but maybe banking just isn't for you. The only way I can think of it happening for you (and as you know, no guarantees) is if you go back to school - an MBA is far more common in the US than in the UK/Australia and so doing one in the UK may not be beneficial; but if you're truly set on banking, I think waiting a couple of years and going to a solid US MBA program and trying to beak into banking in the US is your only shot.

Unsurprisingly (given your amount of effort and lack of results) your idea of moving to the US and trying to break in that way is an extreme one, and while I don't mean to discourage/disparage you (your effort sounds commendable) I would bet all the money in the world that you'll end up in a far worse situation than you're currently in if you pursue that route.

 
notthehospitalER:

Mate I hate to say it but maybe banking just isn't for you. The only way I can think of it happening for you (and as you know, no guarantees) is if you go back to school - an MBA is far more common in the US than in the UK/Australia and so doing one in the UK may not be beneficial; but if you're truly set on banking, I think waiting a couple of years and going to a solid US MBA program and trying to beak into banking in the US is your only shot.

Unsurprisingly (given your amount of effort and lack of results) your idea of moving to the US and trying to break in that way is an extreme one, and while I don't mean to discourage/disparage you (your effort sounds commendable) I would bet all the money in the world that you'll end up in a far worse situation than you're currently in if you pursue that route.

Well if it isn't for me then I would like to know why before wasting 2 extra years in the 'hope' an MBA helps me break in.

I wish I got rejected post-interviews that would make closure simpler. Everyone saying you fit/have the background and then just not breaking in (or at least being interviewed) plain sucks.

 

Have you posted your resume on WSO to be evaluated? Maybe your work experience isn't relevant enough now that you're already a year out of school.

Why not aim for banking in a more long-term fashion, ie aim for big 4 TAS groups/a valuation firm of some sort, then head to an MBA program? That way you will have pretty relevant experience that should make you competitive for MBA (admittedly post-associate) recruiting.

 
notthehospitalER:

Have you posted your resume on WSO to be evaluated? Maybe your work experience isn't relevant enough now that you're already a year out of school.

Why not aim for banking in a more long-term fashion, ie aim for big 4 TAS groups/a valuation firm of some sort, then head to an MBA program? That way you will have pretty relevant experience that should make you competitive for MBA (admittedly post-associate) recruiting.

Yes - just not the one I sent for this recruiting cycle. That said I did send it to some people in industry I know here via PM and they said it was strong/should be fine/weird I'm not getting through etc. I want to move to the buyside hence banking long term is no good. I did apply to the big 4 anyhow no luck. In terms of experience I admit my finance experience is old but I have plenty of friends with no work experience or very irrelevant work experience getting through - why - because they spin what they got - and that's what I am doing. My industry experience is not totally irrelevant to IBD either (if anything I think its quite useful if I get placed into that industry team).

 

Random question, but have you ever really really pissed off someone in the industry? Extreme example, but if you did royally piss someone off, perhaps your name has made the rounds of some banks and that's why you're not getting in the door. Doesn't really explain why you don't get big 4 etc.

As much as people on WSO talk against it, post-MBA associates do have exit ops and do move to the buy-side (although they have fewer opportunities and have to work harder for them). If you want to work on the buy-side and in the US as your post implies, post-MBA banking may be your only shot.

 
notthehospitalER:

Random question, but have you ever really really pissed off someone in the industry? Extreme example, but if you did royally piss someone off, perhaps your name has made the rounds of some banks and that's why you're not getting in the door. Doesn't really explain why you don't get big 4 etc.

As much as people on WSO talk against it, post-MBA associates do have exit ops and do move to the buy-side (although they have fewer opportunities and have to work harder for them). If you want to work on the buy-side and in the US as your post implies, post-MBA banking may be your only shot.

Not that I know of. Most of my networking was done via LinkedIn - reaching out for calls/lunches/coffee etc - and almost all are still in touch (admittedly a lot have left the industry now since this has gone over 3-4 years). Some banks I didn't network with at all just to see if it improved things. I would love to know if my name is blacklisted as at the moment its the only thing that makes sense to me.

Sure but I really did not want to wait till MBA level to break in. Thats a really long stretch. I'm happy to stay in Europe but given the lack of interest in my background in general here I thought the US would provide more opportunity.

 

bingo. having dealt with this individual countless times with various usernames and countless fights on WSO over several years, I wouldn't wish him on my worst enemy. I frequently will help WSO users out, but this one has red flag all over it. If I could post up the # of emails he harasses my team with on a daily basis, it's pretty obvious why he can't break in.

 
WallStreetOasis.com:

bingo. having dealt with this individual countless times with various usernames and countless fights on WSO over several years, I wouldn't wish him on my worst enemy. I frequently will help WSO users out, but this one has red flag all over it. If I could post up the # of emails he harasses my team with on a daily basis, it's pretty obvious why he can't break in.

Amazing how clueless some people can be. I guess you might as well ban him again. Not that it won't prevent a resurrection from the WSO graveyard some time soon.
 
WallStreetOasis.com:

bingo. having dealt with this individual countless times with various usernames and countless fights on WSO over several years, I wouldn't wish him on my worst enemy. I frequently will help WSO users out, but this one has red flag all over it. If I could post up the # of emails he harasses my team with on a daily basis, it's pretty obvious why he can't break in.

I only emailed you to request the removal of personal information on the forum ie CVs. I'm sorry you (and your team) feel that was harassment. I do deserve to be banned but can I have one chance to make things better? I'm happy to stop posting from now on if it helps just let me know. I want to clean this up (I know I cant change peoples opinions of me but I want to make an effort in fixing my online presence). Can I request one chance from you please?

 
Best Response

dude, you are so far beyond "one chance" it's not even funny...we've given you about 20 chances. Sorry, with you there is never a "last chance" as evidenced by your continued avalanche of the same questions over and over and over again over the years and your continued disrespect for our time (you've sent 100s of e-mails). The only way I think you can make things right is if:

1) you NEVER e-mail me or my team, ever again 2) you stop posting to WSO so that you don't have to e-mail our team when people reveal who you are (since it's so obvious who it is each time)...

I am sure that you have done enough damage to your reputation offline already that this would not help, but it's a start. If I was you, I would try to contact less because if anyone ever mentions your name to me, I'd be forced to tell them to run as fast as they can away from you.

 

Are you close to many people in your network? If your contacts are pushing your resume it sounds even stranger you won't even get an interview - do you need Visa sponsorship in the UK? If you're especially close with anyone, have you asked them to speak to you really, truly candidly? If so, what did they say?

 
notthehospitalER:

Are you close to many people in your network? If your contacts are pushing your resume it sounds even stranger you won't even get an interview - do you need Visa sponsorship in the UK? If you're especially close with anyone, have you asked them to speak to you really, truly candidly? If so, what did they say?

Nope I was born in the UK so Visa etc is never an issue.

I do ask for feedback (for the past 3 years) so I can fix whats wrong and try again. This is a recent conversation I had with a top 3 BB analyst I know:

Me: "xxx please be honest - do you think my background is strong enough for IBD roles at xxx?" Them: "Yes. Perhaps a little light in terms of prior finance experience but that should not come in your way."

I've also had 2 VP's at top 5 BBs say the similar things last week when they reached out asking for updates on my application...

 

Not really sure what to say to be honest, definitely a puzzler. How are your financial modelling skills? Maybe a financial modelling course might help to show more interest and shore up your resume/skills a bit?

Seems insane to me that VPs are asking for updates on your situation but you can't even get one interview. If you're already 1 year out of school, an MBA can be as soon as 2 years away or so.

 

Are you mostly applying to BBs? The BBs are extremely competitive in London, due to a number of reasons, including:

1) All applications are online - the very best credentials get interviews 2) Language skills are important - you are likely competing for the maybe ~15-20% of banking spots that go to pure English speakers (if you are fluent in German/French/Spanish/Italian/Other then this obviously doesn't count) 3) Most people do master's programs these days - I would say more than 50% of SAs at BBs have master's degrees

There are maybe 500 SAs at BBs every year in London (give or take). Assuming you are a non-english speaker and don't have a master, let's say about 10% of positions go to people like you. Realistically, are you then in the top 50 in the UK purely based on credentials? Or the top 150, assuming there are 3 interviewees for every opening? If you're not at Oxbridge, you're already at a disadvantage there. Remember that a lot of people with amazing credentials apply just because they can even though they really want to do consulting, tech, or something else.

I would drop the idea of working at a BB if this recruiting cycle doesn't provide anything (it's basically over unfortunately), and look for anything in banking/CF/TAS. Start cold emailing/calling boutiques and corporate finance advisory groups until you get an opportunity. Everyone in the top 100 in the YTD EMEA M&A league tables on Mergermarket has closed transactions worth more than €1 bn. - that is plenty to get a good experience and you need to contact them. Of course also look at job postings etc., there may be some BBs looking for off-cycles too.

The industry is much less rigid in Europe than in the US and all sorts of backgrounds make it to PE. Yes, being an analyst at GS helps, but it's not a prerequisite by any means. You can make your own career - you don't have to follow "the golden path".

As a side note, I don't think the "I want to work 1 year in banking and then move to the buyside" mentality is particularly healthy. There are a lot of kids who would kill to one day be an MD, and that mentality sends a stronger signal when you're networking. Kinda off topic, though.

 

Can't move to the U.S. Without an H1-B Visa, companies will sponsor you to get it, but you have to be very to get picked in the lottery. get an MBA or a masters degree, that will allow you to here as an F1 Visa student, and you'll have time to go through MBA recruiting and all of that.

 

@TheSanchize I apply to BBs, boutiques, big4 and MM firms. I contacted agencies (Dartmouth Partners for example) too (interviewed in person with them, they liked me and said they would push my application, but unfortunately none of the banks they put my application forward to selected me for interviews). Once I see by Nov those are not working out I hit up every tiny boutique I can possibly find. Nothing prevails so I end up taking up a back up plan. I do try for off-cycles in particular as I'm eligible for them.

Btw a lot of my friends (non-Oxbridge but targets and Oxbridge) have 2:1's (some even 2:2's) and nothing more than a summer internship at a bank (sometimes not even IBD, seen several S&T ones and 'other' divisions) or some other random experience and get interviews. I do agree a lot of interns have masters degrees but that doesn't always mean the top % academically are being hired or the most experienced/people who have done the most internships are hired. I genuinely believed this was true until I did a deep LinkedIn search and was surprised by what I found (in a motivating way). I have also seen a good number of Oxbridge/LSE kids graduate and start an analyst stint the year after - and do 'nothing' for the remaining year.

As for alternative ways into PE - I would be interested to hear your thoughts.

 

Changing geographies as a lateral hire without prior IB experience seems like a non-starter. Only hope would be to enter the full-time program with recent undergrads; however, you are 4 - 5 years removed from undergrad, so this is likely a non-starter as well. Given this, I am not surprised by the lack of first-round interviews, irrespective of the quality of your resume.

I don't want to pour cold water on your dreams, but I think your window to enter the IB field has passed.

 

If you want to break into the buyside, why don't you focus on moving directly there vs. an indirect move to banking and then to the buyside? Granted, it depends a bit on what you want to do (this isn't as applicable for PE or some types of HFs)... but passing level 1 of the CFA exam is definitely a good indicator that shows you're serious about many types of HF/AM roles and age wouldn't be an issue...

 

ibankerben - those 4-5 years include 3 years of trying while at uni - not post graduation.

EconConsultant - happy to do the CFA 1 - only issue is don't I need more relevant 'finance' experience to move into HF's/PE i.e. not work in industry. Or would industry + CFA set me up well? Feel free to discuss here/via PM I am interested.

LongandShortofit - happy to PM it.

 

dude you were shitting on banking last time you were posting here and shitting on this very forum and its members etc. (can find post)

i cant believe that after so many fake profiles, posts, exploiting kind users, etc. people still answer your posts

so inb4 this thread gets deleted

p.s. fuk this tard, check his threads.

 

Sorry to hear about your difficulties Cujo, sounds like some shitty breaks for you!

Are you applying directly to boutiques using recruiters?

To be honest you are four years out of Uni and are now a clunky fit for grad analyst programmes.

You seem narrowly focused on Bulge Brackets and networking to get in. Networking is nowhere near as useful in UK as it is in US. Different culture, different processes.

You need to start talking to recruiters and looking for analyst 2/3 roles in boutiques. Failing that you need to be looking at Big 4 valuation/restructuring/m&a roles with a view to playing the longer game.

Start working backwards. To get PE you might need BB banking...to get that you need boutique banking experience...to get that you might need Big 4 advisory experience...to get that you might need non big 4 advisory experience. You might be able to skip steps but it is a long game...your big mistake appears to be staying too long in a role with no clear path to where you want to be.

 
Zatopek:

Sorry to hear about your difficulties Cujo, sounds like some shitty breaks for you!

Are you applying directly to boutiques using recruiters?

To be honest you are four years out of Uni and are now a clunky fit for grad analyst programmes.

You seem narrowly focused on Bulge Brackets and networking to get in. Networking is nowhere near as useful in UK as it is in US. Different culture, different processes.

You need to start talking to recruiters and looking for analyst 2/3 roles in boutiques. Failing that you need to be looking at Big 4 valuation/restructuring/m&a roles with a view to playing the longer game.

Start working backwards. To get PE you might need BB banking...to get that you need boutique banking experience...to get that you might need Big 4 advisory experience...to get that you might need non big 4 advisory experience. You might be able to skip steps but it is a long game...your big mistake appears to be staying too long in a role with no clear path to where you want to be.

@Zatopek: for boutiques I either reach out directly or go through recruitment agencies. I'm not 4 years out of graduation - those 4-5 years of trying include 3 years during studies. I apply to BBs, boutiques and MM firms. I have tried for analyst 2/3 roles but typically they want someone with analyst 1 experience - so I'm not a fit. Therefore I'm targeting analyst 1 roles. I applied to the Big 4 - same issue - no interviews.

@notthehospitalER - yup maybe they are not batting for me but then I'm not sure what to do about that other then to keep networking and hope someone bats for me properly. By the way those few analysts who emailed me the comment "did you even apply here" thought I had offers elsewhere and were not the ones in that bank who forwarded my application.

 
cujo.cabbie:
Zatopek:

Sorry to hear about your difficulties Cujo, sounds like some shitty breaks for you!

Are you applying directly to boutiques using recruiters?

To be honest you are four years out of Uni and are now a clunky fit for grad analyst programmes.

You seem narrowly focused on Bulge Brackets and networking to get in. Networking is nowhere near as useful in UK as it is in US. Different culture, different processes.

You need to start talking to recruiters and looking for analyst 2/3 roles in boutiques. Failing that you need to be looking at Big 4 valuation/restructuring/m&a roles with a view to playing the longer game.

Start working backwards. To get PE you might need BB banking...to get that you need boutique banking experience...to get that you might need Big 4 advisory experience...to get that you might need non big 4 advisory experience. You might be able to skip steps but it is a long game...your big mistake appears to be staying too long in a role with no clear path to where you want to be.

@Zatopek: for boutiques I either reach out directly or go through recruitment agencies.
I'm not 4 years out of graduation - those 4-5 years of trying include 3 years during studies.
I apply to BBs, boutiques and MM firms. I have tried for analyst 2/3 roles but typically they want someone with analyst 1 experience - so I'm not a fit. Therefore I'm targeting analyst 1 roles.
I applied to the Big 4 - same issue - no interviews.

@notthehospitalER - yup maybe they are not batting for me but then I'm not sure what to do about that other then to keep networking and hope someone bats for me properly. By the way those few analysts who emailed me the comment "did you even apply here" thought I had offers elsewhere and were not the ones in that bank who forwarded my application.

I work in the UK. A very large percentage of the people I know got in because they network at those events with directors. They will tell HR to set up interviews for you if they like you and you're smart enough, i.e. win a trading challenge or an M&A case or something like that. You do know there are about a 1,000 online applications for every available intern position, or about 3,000 for every actual job? Good luck getting pat the online screening without anyone flagging your CV or helping you out.

 

Apply for a masters at LSE/Oxbridge/LBS take the short term pain of finding funding and then just apply to all the firms on the uni careers site.

Clearly there is something wrong with your applications if every year they get binned by HR in the UK. Time is running out I only know DB/GS/Citi/UBS consider graduates 2 years out of uni for the graduate role. As everyone has mentioned competing for graduate roles is a joke in the UK.

Want to try another internship without penultimate year status? Apply to UBS, they 100% take on graduates as interns and so do Citi and Barc.

 
emcrates:

Apply for a masters at LSE/Oxbridge/LBS take the short term pain of finding funding and then just apply to all the firms on the uni careers site.

Clearly there is something wrong with your applications if every year they get binned by HR in the UK. Time is running out I only know DB/GS/Citi/UBS consider graduates 2 years out of uni for the graduate role. As everyone has mentioned competing for graduate roles is a joke in the UK.

Want to try another internship without penultimate year status? Apply to UBS, they 100% take on graduates as interns and so do Citi and Barc.

I have applied to all of those firms you mentioned - no luck though. Am invited to the tests 9I believe DB screen your application before sending the test invite) and I get the test invite. This leaves me confused as to why I'm not then securing first rounds. I spoke to an associate there and he said it was very odd someone would be invited for the DB test and not the interview (unless they get auto rejected because they failed the test within ~1 week which never happens to me).

I'm not in a position to do a Masters unfortunately but have seriously considered it.

 

I may sound completely stupid. But have you checked your spam folder? Are you just not hearing back at all,or are you getting rejections for every role you have applied for? If the latter, then yes I agree with the above posts, you need to work so,etching else out. But if not, follow up with those unheard applications and see what the end results are. I have received job offers in spam folder before and it was too late to respond. Hope it doesn't happen to you.

 
wandervogel:

I may sound completely stupid. But have you checked your spam folder? Are you just not hearing back at all,or are you getting rejections for every role you have applied for? If the latter, then yes I agree with the above posts, you need to work so,etching else out. But if not, follow up with those unheard applications and see what the end results are. I have received job offers in spam folder before and it was too late to respond. Hope it doesn't happen to you.

No suggestion is stupid at all! :) Yup I check the spam folder often also. Its honestly a mix. Anyone with a 'formal recruiting process' e.g. BB's. EB's etc I don't hear anything until they are full. Then I get the 'we are full' email. For boutiques its usually 'we are not hiring but will keep your CV on profile' or something similar. Some I don't hear back at all. I'm rarely 'rejected' until months after an application. I have also called them up after saying I spoke to people at the bank they said it was strong etc - couple of HR people had my CV open etc and looked through and agreed but then give the generic lines e.g. competition, try again etc.

 

I really fail to see why anyone is taking this thread seriously.

OPs previous thread pretty much sums up why he has not broken into IB: http://www.wallstreetoasis.com/forums/my-chances-of-breaking-in-uk

Cliffnotes: -No relevant finance experience. No internships. -Does not have strong grades -Spent a year unemployed after graduating -Networked with bankers but they "don't seem to like his background"

But now, all of a sudden you graduated from a target school with strong grades, the bankers you networked with have pushed hard for you to get interviews, and it's somehow a mystery that you aren't getting interviews?

"It is weird - something is not adding up - I'm just not sure what. Seems HR don't like me or something"

HR doesn't like you? Something is not adding up? Look at the cliff notes above and you'll see that everything adds up. Weak resume, average grades, no experience, and clearly extremely late to the game in terms of recruiting. Anyone who has seen his resume can maybe offer a rebuttal, but IMO it's pretty clear. Playing the victim gets you nowhere.

 
new_analyst1:
Cliffnotes:
-No relevant finance experience. No internships.
-Does not have strong grades
-Spent a year unemployed after graduating
-Networked with bankers but they "don't seem to like his background" >

I have a relevant finance internship just not at a brand name company as the post states. My grades meet the requirements banks look for (I felt it was not a good grade but after speaking to more people in industry I realised it was fine). It is true that for a few months all the new bankers I networked with didn't like my background much - but I realised it was the way I was pitching myself. Once I changed that things improved. The 1 year of unemployment I cannot change.

Late in the game for recruiting? I've seen trying since year 1 at university.

I believe that thread said to take what I've got and run with it/see what doors it opens. I took the advice, gave it a fair shot, am not enjoying it, and want to come back to banking. This thread is strictly speaking about my recent recruiting cycle experience (I should have clarified that before so my apologies).

I'm not playing victim. I'm asking for advice on how to break in.

 

Some kind WSO users have agreed to help me out through PM. Will listen to what they say and go from there.

Thank for for all the help and advice everyone who posted here and I hope to have some good news in the coming months!

Can we now please close this thread?

 
animalz:

let me drop a few quotes (this is him although he tried to remove his posts)

//www.wallstreetoasis.com/forums/tech-firm-of...

c4td0g:

I got you a coffee date with a country head of a MM and you go ghost. This is why nothing works out, you don't follow through

Cheers for doing this. Nice that nobody banned him yet. I guess that he deleted his old accounts.

This sob awarded me with 9 MS and basically destroyed my WSO profile which was reputable. People here should look at his SB to MS ratio before they start helping him.

Definitely should make a hopesanddreams / charlesperry meme! Maybe I add him in my signature. Anyway my advice is to stop wasting your time on him... You did your job haha. Even his ex uni classmates know that he is posting here and under which name.

Too bad WSO pinns this kind of crap on the front page.

 
GoodBread:

'Successfully used by management to raise the asking price for a €25 million acquisition'

I'm afraid to ask what this involved.

Didn't even catch that - hilarious.

"Interests: Supplement advisory to strength training athletes"

 

Maybe you were blacklisted for pissing a recruiter off, or adding "color" to an otherwise black and white resume and someone caught it during an interview....?

I remember your screen name from a few years ago and it's odd that you've yet to land a position.

>Incoming Ash Ketchum, Pokemon Master >Literally a problem, solve for both X and Y, please and thank you. >Hugh Myron: "Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier"
 

animalz Please do not post up my personal info. You have already established I'm a waste of time so why not spend the time helping someone in need? I've already got people helping me via PM and wanted the thread closed. Can we stop dragging this out? If you have a problem with me lets sort it out but no need to do what you are doing. Thank you.

To everyone here: yes I've had another account but I have had it removed so I only use this account now.

 
cujo.cabbie:

animalz Please do not post up my personal info. You have already established I'm a waste of time so why not spend the time helping someone in need? I've already got people helping me via PM and wanted the thread closed. Can we stop dragging this out? If you have a problem with me lets sort it out but no need to do what you are doing. Thank you.

To everyone here: yes I've had another account but I have had it removed so I only use this account now.

cant believe the fuk am i reading here.. you lie about every small detail, are you kidding me? not a word u said in this thread is truth, cept that you need help (psychiatric one probably) you are a scam, and you exploit good people "around you" (from different parts of the globe) to be honest, you dont deserve shit, why would i remove anything? as a matter of fact i think id do you a favour if i posted more

 

I feel bad for you but am inclined to believe that your only shot at IB (given the recent info that's become public on the thread, like the year of unemployment etc) is through an MBA down the line. I personally think breaking in as an IB analyst is unlikely for you, unless you end up getting extremely lucky and finding a 1st/2nd year analyst role at a smaller bank once you have some more F500 experience under your belt. However, I'm inclined to believe that your best bet is spending your time shoring up your profile for an MBA in a couple of years.

 
notthehospitalER:

I feel bad for you but am inclined to believe that your only shot at IB (given the recent info that's become public on the thread, like the year of unemployment etc) is through an MBA down the line. I personally think breaking in as an IB analyst is unlikely for you, unless you end up getting extremely lucky and finding a 1st/2nd year analyst role at a smaller bank once you have some more F500 experience under your belt. However, I'm inclined to believe that your best bet is spending your time shoring up your profile for an MBA in a couple of years.

Yup it seems that way. Hence I wanted the thread closed as I seem to have received all the advice I'm going to get.

 
F. Ro Jo:

honestly you could get an MBA but if you keep being a whiney, self-entitled little bitch you're not getting shit.

The thread was to find a solution and I genuinely thought moving to the USA may help hence I posted it. Wasnt trying to sound entitled - was just trying to figure out what else I could do to break in. But you all are right an MBA is the best solution. I will buy the GMAT guides and crack on!

Do you recommend the CFA too out of interest?

 

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