Any other targets get screwed by this year's Summer Analyst recruiting cycle? What are your plans now?
So I went into the summer recruitment process pretty confident coming from a target with a 3.8+ gpa and a relevant IB internship at a boutique under my belt, and so far no opportunities have materialized. Had multiple phone screens and landed a couple of superdays, but unfortunately nothing panned out. Anyone else in the same boat? What are your plans in moving forward?
Take a breather, take a week or two without thinking about recruiting. Dust yourself off and start hustling for MM/Boutique opportunities.
You “got screwed”? Or did you screw yourself? Kids have no accountability these days
Just remember I got a bb internship with a 2.58
EliteStudent11
It means that the OP feels as though they were entitled to a slot since they are coming from a target.
Every single person who got in from a non-target over you had to work harder thank you did, and had to prove they deserved to be there. Figure out what you're doing wrong (poorly written resume? bad interview skills? weak technicals? do you just come off as a pompous ass?) and fix it.
Having recruited both at a non-target (for undergrad) and at a target (MBA), I really don't understand the hate/confusion on your end. There's a lot of randomness in the process. You'll often have 50 equally qualified people going for the same slots, sometimes it just doesn't work out despite doing everything right. Everyone at the target goes through the same process, studies together, goes to the same networking sessions, etc. I haven't been in that position, but I can imagine it'd be frustrating to come up short and see your friends who did the exact same thing come out with great offers.
It's also not necessarily harder as a non-target. There are fewer opportunities, yes, but frankly there are significantly fewer qualified candidates. You're not as limited to your school team for recruiting as a non-target (you really just need 1 person to get you into the process, and they can be from any school - if you're at a target, you're screwed if you don't vibe with the alumni from your school at that particular bank). Also, because there are fewer opportunities in front of you, you'll have more time to devote to what's available.
You do understand that the recruiters don't even show up to non-target schools, right? It doesn't matter how many qualified people are there or not.
As a non-target, you have to fight for the opportunity for someone to even look at your resume. Then, you have to fight again for the job. It's a huge difference.
Also, how exactly are you screwed "if you don't vibe with alumni" at a target??? Too bad the alumni can't help.....guess you have to apply just like a non-target....
And every single person who goes to a target had to work harder to get into a better school. A simple concept that seems to be lost on people like you who feverishly defend non-target kids as if they started life at a disadvantage.
I know....high school was so tough bro'......it's like being in a sweatshop playing all those sports and joining fun extracurricular clubs...
Confused why you would ask if any other targets were screwed by the recruiting cycle, whereas this has clearly had a disproportionately bad impact on non-targets, i.e. less time to compensate for lack of pedigree with experience. Anyways, instead of feeling jaded by the process and whining, take initiative in networking and preparing yourself. Maybe less convenient / comforting to address, but maybe it was a lack of this that's to blame more than the process itself.
You didn't get screwed over. That implies you should have gotten an offer. Everyone has to earn their spot. Recruiting is a competition and you lost. Learn from what you did wrong and grow from it.
This thread is infuriating.
Over the last 10 years, I've reviewed thousands of resumes, all of which came from candidates that attend accredited institutions (target and non-target), have networked, have high GPAs and have relevant extracurriculars.
No one is entitled to an internship, a full-time offer or anything quite frankly. Welcome to the real world, where there's nearly an infinite number of variables, the majority of which are out of your control.
Rather than expend energy feeling sorry for yourself, you should redeploy it towards continuing on the journey to achieve your goals. Procure a MM or boutique internship, learn over those 10 weeks, convert the internship into a FT offer and then consider participating in top-up recruiting. "Crisis" averted.