Need Advice for FT 2026 Recruiting

Hey guys. I’m wrapping up a summer internship in biotech ER. I learned a lot and met a ton of amazing people but it seems unlikely they have a seat for another full time associate.

Given that I’m feeling a bit lost for FT. I’m interested in both Tech and Biotech but don’t know what firms to look at or really how to go about recruiting given my niche. I’m primarily interested in ER, IB, or HF (HF would be an absolute dream and it’s where I’d want to be) but to my knowledge IB recruiting has wrapped up and it’s near impossible to get a HF seat out of undergrad.

I’m looking for an internship for the fall honestly because I really like research and I want to hone my taste by valuing more companies (and access to data through a firm would help) but it’s taking my focus away from the more long term issue of FT. Also considering writing articles on some companies I follow to develop a portfolio.

Ultimately pretty lost and would appreciate any advice.

Thanks guys.

3 Comments
 

Based on the most helpful WSO content, here’s a roadmap to help you navigate FT 2026 recruiting and align your goals with actionable steps:

1. Clarify Your Priorities

  • Since you're interested in ER, IB, and HF, prioritize based on feasibility and your long-term goals. HF is challenging to break into directly from undergrad, so focusing on ER or IB as a stepping stone is a smart move.

2. Leverage Your Biotech ER Experience

  • Highlight your biotech expertise when networking or applying. This niche can set you apart, especially for roles in ER or IB groups focused on healthcare, biotech, or tech.

3. Networking is Key

  • Expand Your Network: Reach out to alumni, professionals in ER, IB, and HF, and anyone in your niche. Use LinkedIn, cold emails, and your existing contacts.
  • Targeted Outreach: Focus on firms with strong healthcare/biotech coverage. For IB, look at BBs, EBs, and MMs with healthcare groups. For ER, target firms with biotech/tech research teams.
  • Coffee Chats: Schedule informational interviews to learn about openings and make a lasting impression.

4. Fall Internship Strategy

  • A fall internship is a great idea to gain more experience and access to data. Look for opportunities at boutique IBs, smaller ER shops, or even consulting firms with a focus on healthcare/biotech.
  • Use this time to refine your technical skills, build valuation models, and deepen your industry knowledge.

5. Develop a Portfolio

  • Writing articles on companies you follow is an excellent way to showcase your research skills and passion for the industry. Share these on LinkedIn or a personal blog to build credibility.

6. FT Recruiting Tips

  • ER: Many ER roles hire on an ad hoc basis. Stay in touch with recruiters and keep an eye on job boards.
  • IB: While IB recruiting may have wrapped up for some firms, there are often ad hoc openings due to unexpected attrition. Keep networking and be ready to jump on any opportunities.
  • HF: Breaking into HF directly is tough, but networking with smaller funds or those with a biotech focus could yield results. Highlight your ER experience and passion for research.

7. Prepare for Interviews

  • Technical Skills: Brush up on valuation, modeling, and industry-specific metrics (e.g., biotech pipeline analysis).
  • Behavioral Questions: Be ready to articulate your story, why you're passionate about biotech/tech, and how your experience aligns with the role.

8. Stay Persistent

  • FT recruiting can be unpredictable and competitive. Keep networking, applying, and refining your skills. Remember, many successful candidates land roles through persistence and leveraging their niche expertise.

If you need more specific advice or resources, feel free to ask!

Sources: 2020 FT IB Recruiting Thoughts, Q&A: Incoming IB analyst – international student, survived FT recruiting twice…, How to Navigate FT Recruiting: Learn from My Successes/Failures, In a dark place after failing in FT recruitment, need advice., FT Recruiting 2023 Advice

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

Nam omnis ut quae optio totam iure corporis. Minus et nisi recusandae dicta eum aut omnis eligendi.

Molestiae optio mollitia odio eum ducimus. Ullam totam odit et nihil voluptatem nesciunt asperiores expedita. Consectetur ut a sunt illo illo et.

Quia est error labore incidunt et. Reprehenderit esse praesentium nisi fugiat. Dolores molestiae dolorum et natus earum harum omnis est. Consectetur aut possimus occaecati dignissimos possimus est maxime.

Corrupti eius nostrum suscipit ut. Nemo accusamus consequuntur voluptatibus. Velit qui fugit mollitia aliquam corrupti natus. Porro quia quia ut qui iure incidunt. Facere autem vel similique. Assumenda odit rem et doloremque.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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

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...”