Canadian Non-Target unsure how to proceed for SA 2027
Am I in trouble for SA 2027 recruitment?
Context: 3rd year (of 5) at a non target university in a lower mid market city ( think USask/UManitoba/Dalhousie). I'm trying to recruit for SA 2027 roles in IB, and wanted to secure an internship for this summer to help boost my resume. I have a solid GPA, finance clubs, did an internship at a commercial lender last summer.
I made last round for internships at a Big 5 IB off-cycle and a Big 4 M&A role, but got neither. My remaining option is an offer for audit for the summer (local Big 4 office).
My question: as a non-target with limited alumni & contacts in IB, do I stick with the audit role or hold out to try for something in calgary or toronto?
Based on the most helpful WSO content, here's what you need to know:
Taking the audit role at a local Big 4 office is a solid move, especially given your current position as a non-target student with limited alumni and contacts in IB. Here's why:
Audit as a Stepping Stone: Many successful transitions into IB have come from Big 4 audit roles. The skills you develop—attention to detail, accounting knowledge, and diligence—are highly transferable to IB. Additionally, being at a Big 4 firm gives you access to internal mobility options (e.g., Transaction Advisory Services or Corporate Finance) and a strong brand name on your resume.
Networking Opportunities: While in the audit role, you can leverage the Big 4 network to connect with professionals in M&A, Corporate Finance, or even alumni who have transitioned to IB. Use LinkedIn extensively to build relationships with people in Calgary, Toronto, or other financial hubs.
Calgary/Toronto Roles: Holding out for a role in Calgary or Toronto without a backup could be risky. The audit role ensures you have a strong foundation and relevant experience to discuss in future interviews. You can still apply for off-cycle roles or network aggressively while working in audit.
Long-Term Strategy: If IB is your ultimate goal, consider the following:
In summary, accepting the audit role is a smart choice for now. It provides stability, a strong brand name, and a platform to build the skills and network needed to break into IB. Simultaneously, keep networking and applying for roles in Calgary or Toronto to maximize your chances.
Sources: I went> B4 Audit> B4 CF > IB: Ask me anything, What are the best alternatives of IB (or other high finance)/Consulting if people don't get in?, Advice for SAs who didn't get return offers, Accounting major, can't seem to break into IB, Q&A: Big Four Valuation Associate - Deciding Whether This Job Is Right For You
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