Feeling discouraged on things that is even out of my control
Currently a target Msc student in UK. Landed a MM IB position in London after the past cycle and has been actively applying to off-cycles because I always feel like I could do better.
A little bit about me: Asian, Male, international student with 3 IB internships on my resume. this past cycle i have been actively feeling like it is just me against the entire world since my profile put me to such a disadvantage: not diversity; no European languages. imo i have done the best that I can with preps (i have also recruited for HK and got 3+ BB interviews and have made it to AC for all of them; yet the HRs in London wouldn't even send me a invitation for first round (yes, not one first round for any BB and EB. this is the only london first round invitation i got and i have received my offer).
I have also networked with people in some BB EB banks and they have all passed along my resume to HR/ Hiring manager if they can (i know this is not helpful in general. It only happened because I had really good conversations with those bankers and they said they will try to pass along the information to hiring)
I feel very discouraged by these factors I can't control and I feel like objectively there is nothing I can do to make my profile stronger. should I just give up recruiting and settle for the MM offer I have or should I keep fighting for better opportunities
Based on the most helpful WSO content, your situation is not uncommon, and many international students face similar challenges when recruiting in competitive markets like London. Here’s a breakdown of actionable advice and perspective to help you navigate this:
Your MM Offer is a Solid Achievement
Landing a middle-market (MM) IB position in London is no small feat, especially as an international student. Many would consider this a strong starting point, and it provides a solid foundation for your career. Remember, MM firms often offer excellent deal experience, and you can always lateral to a BB or EB later if that remains your goal.
Focus on What You Can Control
While factors like diversity programs and language skills may feel like barriers, your focus should remain on areas you can influence:
Reframe Your Perspective
It’s easy to feel discouraged, but remember that the recruitment process is highly competitive and often influenced by factors beyond your control. Instead of viewing your current position as a limitation, see it as a stepping stone. Many professionals in top BBs and EBs started at MM firms or even smaller boutiques.
Consider the Long Game
If your ultimate goal is to work at a BB or EB, there are multiple paths to get there:
Don’t Underestimate the Value of MM Experience
Many MM firms offer excellent exposure to deals and client interaction, which can sometimes be more hands-on than at larger banks. This experience can make you a stronger candidate for future roles and even open doors to private equity or other buy-side opportunities.
Mental Resilience
The recruitment process can be grueling, but maintaining a positive mindset is crucial. Celebrate your achievements so far, and remember that your career is a marathon, not a sprint. Many successful professionals faced setbacks early in their careers but used those experiences to fuel their growth.
In summary, your MM offer is a strong starting point, and there’s no need to feel like you’re settling. Keep applying to off-cycle roles if you have the bandwidth, but also focus on excelling in your current role and building a long-term strategy for your career. The path to success in IB is rarely linear, and your persistence and hard work will pay off in the long run. Keep fighting, but don’t discount the value of what you’ve already achieved!
Sources: International Student - Chance of getting an IBD internship in London?, Is target MSc Finance still possible in my situation? (Bocconi, HEC, LSE, HSG....), What happens to international students?, MSF & International Students - A Message, International Students breaking into banking - ask and I'll try to help
self bump
it’s just bc ur an intl student tbh, even diverse internationals have had it tough. also reading between the lines here im assuming your ‘3+’ ib internships were through nepo/ not in the UK which makes them lose probably 80% of their value in the eyes of hiring managers. Thats tough for you but would probably just take the MM offer unless u want to be in HK. Would probably just be grateful that despite being an immigrant you’re getting a job UK citizens would love to have.
the internship in the past were all in america (i did my undergrad there before coming here) but thanks!
What was your undergrad? Target UK/abroad or?
semi target in the US, T20
Welcome to London lol. Keep applying but don’t expect it to materialise - your expectations are what makes this discouraging. A lot of people face this same issue every single year but manage to get a good offer eventually. Your profile is good but unfortunately this is how the cookie crumbles in this BS UK system
thanks! I will keep on trying to apply for off-cycles or try to lateral after i start FT
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