COVID and Unemployment
How might companies respond to a idle summer/ no internship in light of COVID/ summer '20. I'm a recent grad from a target school
Trending Content - Investment Banking Forum
| +190 | UBS preparing for a October Layoff Massacre | 165 | 11m |
| +67 | Work and Suicide | 30 | 1m |
| +49 | Is 7 years in banking enough to retire, or am I delusional? | 30 | 1h |
| +46 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 12h |
| +38 | A Message to Students Who Think this Job Will Fix Their Life | 8 | 18m |
| +34 | MM IB --> NYC IB? | 17 | 1d |
| +27 | Should I escape the matrix | 5 | 19h |
| +26 | UBS IB Balance Sheet Set to take a Hit | 7 | 3m |
| +24 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 22 | 1d |
| +23 | LevFin, First Interview (Ever) Help! | 5 | 1d |
Career Resources
Idle summer is understandable to companies, but as a graduate you need to keep up the job hunt. The juniors with cancelled internships have the luxury of another year of school. It's rough out there.
What is your previous experience and what type of roles are you applying to?
A one year Masters (probably fall 2021, too late for 2020 entry) can reset your recruiting options if you're really striking out.
As a recent grad from a semi target, with a low gpa (NESCAC baseball -- athlete), all my plans were huddled by the outbreak. If I was to go down the 2021 fall intake MSF route, in your opinion, what is the best thing to do in the meantime (until next fall?).
Whatever you can get in financial services, excluding bank teller or AXA/NWM type insurance salesman. Finance at a non-bank firm (think Fortune 500, Fortune 1000, or mid-size regional companies) would be great. Some volunteer/leadership work on the side wouldn't hurt your application either. Spend a few months on the GMAT and aim for 720+ to make up for the GPA.
There's not many MSF in the US but look at MIT, Princeton (2 year, very heavy quant focus), Vanderbilt, Columbia, Wash U. LSE and Bocconi are the best internationally, and Bocconi has a NY option with Fordham that seems like you earn both degrees.
Most of these have great on campus recruiting and you have a good story for interviews with an athlete background.
Understood, thanks for your input, I really appreciate it.
So If I can't land anything relevant (until fall 2021), volunteering is the best bet?
Hic vitae sunt ducimus aliquid. Dolor tempore velit dolorem minima quis nam. Delectus minima nobis adipisci culpa cumque dolor alias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...