Cold-Call Tips?

A little about my background: I am a junior at a semi-target school. I missed the fall recruitment and OCR. I recently have been trying to cold call local boutiques for summer internship opportunities, but it has not gone well so far. I will give some examples:

  1. I called the MD (found the number on the website), and we had a short conversation. He then referred me to an associate who is in charge of the internship program. I called the associate and told him I wanted to learn more. He said he can't do interviews before their formal interview process, asked for my name, and hung up. I did not get a chance to say another word.

  2. This is a common one: They often tell me they are not looking for an intern right now but will keep me in mind. I sent in my resume as requested, but never heard back again.

I am lost in the whole cold-calling thing. I know its a numbers game that I need to call more, but what should I do when they want me to stick with the online application or have no current openings right now. What could I have done in calls like this to put myself out there and make me standout of the application pool?

Also, I get discouraged from these rejections (getting hung up, etc.). I know I should suck it up and keep doing it, but how do you guys keep yourself motivated?

1 Comments
 

Rerum aut magni id qui quo fugiat. In eius possimus ut magni omnis. Voluptatibus molestias deserunt eligendi iusto harum iure autem et. Iste possimus est quia quibusdam. Et culpa distinctio et odit.

Repellat natus velit ipsam tenetur doloribus. Ut accusantium doloribus odio in qui et.

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

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 98.9%
  • 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 (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
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...”