Getting Frustrated

Hope all is well! I recently graduated from the University of Florida with a major in Finance. I am looking to break into a sell-side equity research role. I have done two equity research internships and have received top marks at my school. However, upon my graduation, I have found landing a position to be much more difficult than anticipated. I get that I didn’t go to a target school (I received a full ride and wasn’t sure what I wanted to do when I was in high school), but I thought two summers of experience covering different sectors would open some doors. Additionally, I am a CFA candidate and plan on taking level 1 this fall. I have had many interviews, but the roles have either gone to someone more senior, as mentioned to me by HR, or there has been a pause on hiring for certain firms. I network like crazy and have gone to different conferences as per the suggestion of some of my mentors. However, I am finding myself to become increasingly frustrated over the process and was wondering if I could get some advice from all of you!

 

Sorry to hear. It's hard to get a research job because there are so few roles and every MD wants someone already with 2-3 years of ER experience, but how can you get 2-3 years of ER experience when you try to get ER experience for the first time?! So I get it.

I don't know you, but first question would be: why didn't those two ER internships convert to full-time? 

 

Hey!
Thank you for reaching out!
I was a sophomore when I did the first one and had to have surgery mid summer. Unfortunately, they had a policy of not extending full-time offers for people who missed out on the full ten weeks.
For the second one, my MD had too many associates so he wrote me a letter of recommendation to had around. No one got offers from that summer and many of my fellow interns (most of them target school) went on to do other things.
Unrelated, I appreciate your posts on Instagram highlighting all-star investors. I have even started reading Benjamin Graham’s The Intelligent Investor.

 
Most Helpful

Ipsa exercitationem rerum id est voluptatibus iusto labore. Voluptate rem perspiciatis eligendi.

Laborum quo itaque necessitatibus magni non repudiandae. Cum ullam quas voluptatum inventore dignissimos ut.

Accusamus quae eum nihil accusantium est. Est voluptatem enim eaque. Ipsa facere ut aperiam et. Provident laudantium delectus quidem odit mollitia nihil atque.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $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
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
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...”