third year in uni, graduating soon with no job

at a semi-target in london

i did a spring week and summer internship respectively at two different firms (one an elite boutique and the other an asset management), both prestigious and well-known firms.

i didn't get a FT offer from my summer internship due to headcount issues, which was so blindsiding

i have no idea where to go from here. i'm applying to masters but it'll be tough because i don't know if i'll be able to afford it. grad jobs are so competitive as well, and off-cycles don't have good conversion rates.

i feel really lost and i've no idea what to do. any advice would be so greatly appreciated 🙏

4 Comments
 

It sounds like you're in a tough spot, but there are actionable steps you can take to regain control and set yourself up for success. Based on the most helpful WSO content, here's a roadmap to help you navigate this situation:

1. Leverage Your Spring Week and Summer Internship Experience

  • Highlight your experience at the elite boutique and asset management firm on your resume. These are prestigious names that will stand out to recruiters.
  • Tailor your resume and cover letters for each application. Focus on the skills and achievements from these internships that align with the roles you're applying for.

2. Expand Your Job Search

  • Cast a wide net. Apply to grad roles, off-cycle internships, and even roles outside of your immediate target area (e.g., smaller firms, regional offices, or adjacent industries like corporate finance or consulting).
  • Use platforms like LinkedIn and Indeed, but don’t rely solely on job boards. Networking is key.

3. Network Strategically

  • Reach out to contacts from your internships, alumni from your university, and professionals in your target industry. Use LinkedIn and your university’s alumni network to connect.
  • Attend industry events, such as CFA or ACG events, to meet new people and expand your network.
  • Be proactive in setting up informational interviews. Have a clear ask and be concise about your goals.

4. Consider Off-Cycle Internships

  • While off-cycle internships may have lower conversion rates, they can still be a valuable way to gain experience and potentially secure a full-time role. Keep applying and stay persistent.

5. Set Measurable Goals

  • Create a structured plan for your job search. For example:
    • Apply to X number of jobs per week.
    • Reach out to Y new contacts every week.
    • Schedule Z informational interviews per month.
  • Visualization techniques, like moving paperclips from one pile to another for each email sent, can help you stay motivated.

6. Explore Affordable Master’s Options

  • If a master’s degree is part of your plan, research scholarships, grants, or part-time programs that allow you to work while studying.
  • Consider programs in Europe or other regions where tuition fees may be lower.

7. Stay Positive and Persistent

  • Job searching is a marathon, not a sprint. Rejections are part of the process, but persistence pays off. Some WSO users have shared stories of sending out hundreds of applications before landing a role.
  • Use this time to build skills through online courses (e.g., Udemy, Coursera) or certifications (e.g., CFA Level 1) to make yourself more competitive.

8. Keep Your Options Open

  • Be open to roles that may not be your dream job but can serve as a stepping stone. Even if the role is not ideal, it can provide valuable experience and help you build your network.

9. Seek Feedback

  • If you’re not getting interviews or offers, ask for feedback on your resume, cover letters, and interview performance. You can even hire someone from platforms like Upwork or Fiverr to review your materials.

10. Maintain Perspective

  • Remember, this is a challenging time for many graduates, and you’re not alone. Stay focused on what you can control, and don’t let setbacks define your journey.

By staying proactive, leveraging your past experience, and networking effectively, you can navigate this challenging period and find opportunities that align with your goals. Keep pushing forward—you’ve got this!

Sources: Graduating MSF - no job, Job Search Advice, Recent Grad -- Lost & Frustrated, Seeking Advice, Please Advise: Never-Ending Job Hunt, Navigating the Unemployment Terrain

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I suggest you hedge your bets by applying for a masters at LSE, off cycles, summer internships AND analyst programmes. I’m at a top AM firm and we have so many analysts who interned after graduation and returned in Jan/Feb or have 1-2 years of relevant experience at other firms. the requirements are flexible as long as you’re the right candidate. 

 

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