Do some people never break into IB? Any stories?
Quick background summary: First post, but have been using this website for >2 years. Student from a top target who pursued another career and then lateraled from a boutique toat a ( /MS). I definitely know how hard it is to break in.
My question: With all of the new resources (M&I, WSO, etc) for people to learn more about banking, I believe there has to be a large number of people who developed a strong interest in IB and were dead-set on it, but weren't able to break into the industry.
Any personal stories/friend's stories about people who never broke in? I don't want to be negative, but just feel like like all of these sites are all rah-rah "just network/cold-call and you'll be fine".
It might provide a realistic picture to a lot of users- I know someone with a sub-3.0 from a non-target who thinks he can just "network, brah" but in reality I don't think it's that easy.