Do you apply after rejections again?
Hey,
this is especially for Students who are still in Uni studying for their bachelor/undergraduate degree. As the possibility is very high to get a few rejections, if not all, in your first year applying for internship would you senior guys advise to apply to the same Banks again the following year? Maybe with a polished up CV, even better grades etc.
I applied the first time this year to BBs and coming from a non target (Europe) I honestly (although I´m very confident and always hardworking) think that I don´t get the chance for a interview.
I do have the chances though to intern at a "small" (to international standards, to national standards) local bank next summer. They are not an investment bank and I don´t really know what I will do there but my Professor said he can get me in there and talked something about asset management.
Would that be a good decision to intern there or do the BB don´t give a f* if you interned at no name firms for them?
My plan B would be to apply to all the big names in consulting and see if I can get a shot there, although I´m way more into finance. Do you think a big consulting name would impress them more than a small bank, although it´s probably more financial work?
Chris
Good quiestion - I'm also interested!
You can apply again if you were rejected, if you improved your CV then you have higher chances.
Regarding the internship in a small bank, it depends on what your alternatives are. If you have an IB, Consulting or PE internship offer then it would be better to take it, if you don't have anything else then take the small bank. Names are important but working for a no-name firm isn't a death sentence if you are doing something relevant.
A big consulting name would impress them more than a small bank IMO
I would absolutely re-apply. I believe that persistence is key and it will definitely won't hurt to apply for the next summer after a rejection. Not only does it show persistence but also displays your will and interest to work for that specific company.
Heres an interesting true story I heard from a fixed income trader: He was working in Fixed Income at a large BB and wanted to work for a smaller boutique firm due to higher pay and more recognition. Every July 4th he would first-class the firm his resume. Reason for first-class? Before bonds were exchanged on an electronic basis, they would be sent via mail. He knew that the firm would open it instantly because it could be bond certificates. It became a running joke between the firm and the guy. They would call each other up and chat about things and update each other on their lives. After 5 years of doing this, that call ended up being an interview. He has been at that boutique for 22 years.
100% re-apply. I got rejected by the bank I currently work for two or three times before getting an offer from them.
motivational af !
good shit bro
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