Advice on next steps - UK SA 26

Target UK 2nd Year here, grad '26. Failed to land IBD SA for 2025, thankfully ended up with an offer in restructuring consulting at an accountancy firm. To provide more context I'm an international student and did a couple of springs but the bank I did my IBD spring at seemingly converted nobody. Considering I will be a final year while applying to summers next cycle, and would be a graduate by the time the actual internships would begin (June 2026) I wanted to hear some advice from those who've been through the struggle. I made it to an IBD AC at an EB in this cycle but that was about it, didn't have much luck with other IBD applications. Any strategies/tips to land the internship next year would be greatly appreciated. Thanking you in advance. 

12 Comments
 

Apply to Masters (Oxford MFE should be easy for you if you are in oxford), as international student myself, i understand the extra struggle (i don't speak any european language). Recruiting is indeed a lot of luck so all you can do is increase the base number and hope for the best.

 

Do plan on applying for M.Phil in economics at Ox/LSE EME since I don't want to entirely shut out the prospect of a career in academia. Is there any way to indicate that on my SA applications for 2026 since I wouldn't have an acceptance until by the months the recruitment cycle is over?

 

to answer your question:

  1. I always knew i wouldn't pursue PhD as I don't have that much passion in academia so I didnt.
  2. it is not un-precedented for MFE student to pursue PhD after their graduation, i believe there are around 1-2 students almost every year
  3. Mphil Econ at Oxford kids also recruit for banking and does provide extra flexibility as it is a 2 year course vs 1 year.
  4. I think MFE and Mphil Econ is on par in terms of difficulties but for Mphil you just gotta do it another year
 

For your studies, DON‘T put on your CV that you're in your final year, as this will kick you out of the process at many banks. It's not uncommon to complete a Bachelor's degree in 3.5-4 years at public universities in Europe, so just put December 2026 or June 2027

 

I echo what the comment above said, either do a masters or extend your year by one on your CV. Recruitment in the UK is pretty random so there is a big element of luck to it rather than merit until you've passed some screening rounds unfortunately.

 

Start prepping for thne gmat as soon as 2nd year exams are done. Oxford MFE/HEC Paris MiF are the way to go

 

Also, I’ve seen your post on Reddit and here with your cv. Took me 10 mins to find out who you are. Remove the Reddit posts for anonymity

 

Hi mate, I am in the same boat and only have a boutique no-name internship lined up as of now. Quite puzzled as to what to do especially for applications next year. I am thinking of just putting June 2027 Grad date in the portals but keep June 2026 on CV PDF and write intended Msc Finance. Does anyone know the optimal strategy for this?

 

First off, congrats on securing the restructuring consulting offer—it's a solid experience that will definitely strengthen your profile for next cycle. Given that you’ll be a graduate when the internships begin, I’d suggest targeting off-cycle internships and considering firms that are more flexible with final-year applicants (some EBs and MMs are open to this). Also, leveraging networking will be key—reconnect with contacts from your springs and try to get warm referrals for next year. Since you made it to an AC at an EB, you're clearly competitive, so refining your application strategy and interview prep (especially technicals and deal experience discussions) could help push you over the line. Would also recommend keeping an eye on lateral analyst roles in case direct hiring opportunities arise closer to graduation. Wishing you the best—happy to chat more if you’d like!

 

Maxime a nesciunt ut corrupti cum laboriosam aperiam. Blanditiis eaque autem occaecati corporis doloremque tenetur. Quia et illo ea sed repellat sequi. Ut architecto est qui mollitia. Vero voluptas hic ut. Dolor cumque itaque nostrum excepturi.

Odit voluptatem ipsum excepturi et. Rerum omnis dolores et aut voluptatem iste magni. Aut hic aut placeat.

Excepturi qui accusamus corrupti facilis. Aut accusantium et ut ad rem rerum architecto. Ducimus ratione repellendus ut sit ea quisquam nesciunt. Dolore aut officiis qui rerum debitis.

Et voluptas aut odio illum praesentium non assumenda. Maiores voluptatem occaecati sequi omnis quam minima quasi. Nulla distinctio illo minus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
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...”