Nontarget, undergrad vs M7 in corp strategy internship

I've been lurking for a long time and found this site extremely helpful from a job hunt perspective - not just for ibanking, MBB, etc. All of advice I've read on this site also obviously translates across all industries and I'm very thankful for this community. Hope this can be encouraging to some who also have the odds stacked against them!

Hard work, passion, sincerity, networking, and of course perseverance pay off!

Background: I'm currently a fourth year student in an accelerated professional degree in the hard sciences at a local state school with two internships (one commercial, one technical) in two different top-10 by revenue firms in the pharmaceutical industry.

Last year I was at pharma company in a very technical role and while there networked a lot, did a good job, and really impressed senior management with a stellar end of year presentation to the CEO. This year, I decided that the technical route wasn't something I wanted to try again and reached out to an HR contact to apply for a more commercial-oriented internship and she agrees to float my name.

The next day, she calls me back and asks me if I'm available the following Friday for a superday with 6 vp's. By now, I'm pretty pumped and things are looking up - I accept of course, and fast forward to that friday morning ... I'm in the lobby and I see some relatively older looking people in the lobby. He asks the security guard for my HR contact so I knew that he was also applying for a job here.

He introduces himself and gives me his business card - PhD, Wharton MBA-Candidate and introduces me to some of his buddies that he carpooled with. Needless to say, my heart sank and I knew that this would be a long shot (and thats understating it) - I almost felt foolish introducing myself, "Hi my name is XYZ from Podunk Uni." Nonetheless, I did my best during the interviews and really connected with 4/6 of the interviewers and had average interviews with the other two.

2-3 weeks pass, and I've accepted the fact that I didn't get it. At that point, I remember looking back and thinking that even though I didn't get the position, that the interview process was a great learning experience for me - the interviewers were more intense than my previous ones (MBA-level, I suppose .. though I have nothing to compare it to) and it taught me that there would always be someone more qualified than I was, both technically and experience wise.

And then out of the blue, yesterday I received a call from one of the people I connected well with apologizing for the delay and offering me a position on their Global Product Strategy team specifically working on the company's biggest revenue driver!

Long story short - be passionate about what you are interested in, be sincere when interviewing, and networking definitely pays off!

5 Comments
 

This is a little different of a success story that I've been seeing on WSO and it actually resonates a lot closer with me. Congratulations! Another great example of how far perserverance and passion can get you.

Love the thread title by the way.

" A recession is when other people lose their job, a depression is when you lose your job. "
 

^word homie

OP- that's pretty baller man, congrats on the offer and kick some ass!

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Enim quia ad maxime qui. Maiores molestias delectus est dicta ut rem suscipit. Dolorum temporibus quo quisquam excepturi sit error. Possimus nesciunt aut placeat voluptatem aspernatur fugit.

Sed voluptas unde sint hic consectetur et. Alias enim aliquid consectetur possimus. Et adipisci vitae omnis eius et vero. Dolores sequi mollitia ipsa accusamus provident.

Aut sed eos nisi temporibus totam quos. Suscipit sit a aut tenetur ratione. Deleniti ea odio maxime libero nemo. Aut harum et doloribus voluptas voluptate. Iusto sunt rerum voluptatibus corrupti.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”