What do I do now? No summer position.

Hi, I've read these forums for a while and they helped me with interview prep and to some extent getting interviews. The sad and pathetic part is, I have no summer position lined up and don't know what to do now.

I had about 4 different interviews over a long time frame and failed to receive an offer. I did get one offer from a firm in October but it was unpaid and they wanted a response in a week but I had second round interviews at two other firms so I declined.

I failed one interview in the second round and the remaining two in the third (one of the firm's was only hiring 2 people out 15).

Now, I have no clue what to do considering I have no summer position and am graduating in December.

Note: I don't plan on taking summer classes as I only have to take 3 classes that must be taken in the fall, so no value there.

 

Bro there are a lot of internships out there where they only accept 1/100. Where are you getting such crazy low figure application number banks from?

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 

Cold call everyone. What have you got to lose at this point?
If no summer position even after that... then you need to do something worth talking about in a future interview. If you don't have anything in mind like climbing mount Everest or backpacking though the amazon jungle, then just take one or two advanced classes even if you dont need them to graduate.
Stay cool, cuz if you got an offer once, you'll eventually get another one.

 
Best Response

What type of summer position are you looking for and what year are you? I was still in the interview process earlier this week but not for IB and so there's still a possibility for summer employment. Don't call yourself pathetic, these things happen, just keep trying.

Here's some choices for you:

  1. Cold call as many boutique banks as you can to see if they have positions open, even if they're unpaid
  2. Look into PWM, I know my friend is still in the process of interviewing at UBS for the summer, it might not be what you want but it's better than nothing.
  3. Explore some volunteering opportunities and dedicate yourself to a cause during the summer. Employers look for interesting, passionate people so if you have enough of those attributes you may be able to counter your lack of experience.
  4. See if you can work on a campaign for an elected official, again it's better than nothing.
 

I'm in the same boat, I just google searched every company that ended in Capital from NYC to LA and called like crazy, I'm still calling actually so far I got one PWM interview in Jersey and made a few good contacts for full time recruiting at the end of the summer.

 

Nobis qui unde consectetur. Dolores reiciendis maxime deleniti dolore illum nam. Consequatur accusantium repudiandae quidem amet sapiente voluptatem in.

Alias facilis odit culpa. Totam perferendis sunt dolorem minus quo. Debitis quas magni earum tenetur. Quas amet quidem aliquid voluptates.

Et ut et minus et sed. Eaque occaecati quod quibusdam dolor possimus eveniet recusandae reiciendis. Qui repudiandae qui fugiat maxime fugiat. Reiciendis cumque iste nihil aut quam voluptatem. Ut corporis autem ut quibusdam id. Tempore voluptates amet hic rerum culpa asperiores autem reprehenderit. Sed magnam accusantium adipisci non.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”