Feeling Behind on 2026 Internships – Any Advice or Smaller Firms to Target?

Feeling behind is normal, but there’s still plenty you can do to turn things around. Based on the most helpful WSO content, here’s a game plan:

1. Target Smaller Firms and Boutiques

• Consulting: Smaller consulting firms and boutiques are often more open to non-target candidates. They appreciate candidates who take the time to research their firm and craft a compelling story about why they’re a great fit. Examples include regional consulting firms or niche players in specific industries.
• Wealth Management: Look into family offices and private wealth management practices in your target cities (New York and Boston). These firms often have less structured recruitment processes, and decision-making is more localized.
• Trading: Proprietary trading firms or smaller hedge funds can be a good option. Networking is key here, as many of these firms don’t post openings publicly.

2. Leverage Networking Aggressively

• Use your school’s alumni database to reach out to anyone with ties to consulting, trading, or wealth management. Even if they’re not at your dream firm, they can provide advice, referrals, or even practice interviews.
• Cold-email professionals at smaller firms. Personalize your emails by mentioning something specific about their firm or career path. Aim to set up informational interviews.

3. Highlight Your Unique Experience

• Your biotech internship with analytical work in supply chain is a strong talking point. Frame it as a demonstration of your problem-solving skills and ability to work with data—both highly relevant to consulting and trading.
• Emphasize your leadership experience on campus. Firms value candidates who can take initiative and lead teams.

4. Perfect Your Interview Skills

• For consulting, focus on case interview prep. Resources like Case in Point and Victor Cheng’s Case Interview Secrets are highly recommended.
• For trading and wealth management, brush up on technical skills and market knowledge. Be ready to discuss macro trends and how they impact investment decisions.

5. Cast a Wide Net

• Apply to as many firms as possible, including those you might not have considered initially. Smaller firms are often flattered when candidates show genuine interest in them.
• Don’t hesitate to apply for internships even if they’re unpaid or temporary. These can provide valuable experience and open doors to full-time roles.

6. Stay Persistent

• Many WSO users have shared stories of landing offers after initially feeling behind. The key is to stay proactive, keep networking, and refine your approach.

If you’re looking for specific firms, consider searching WSO threads for boutique consulting firms, family offices, or smaller trading firms in New York and Boston. Good luck—you’ve got this!

Sources: Non-target to non-MBB consulting -Q&A, Consulting Recruiting 2023, Non-Target to MM IB: My Advice, Please Advise: Never-Ending Job Hunt, Any other targets get screwed by this year's Summer Analyst recruiting cycle? What are your plans now?