Feeling down, forever will be chasing the high

Hey, currently a Junior interning in Big 4 M&A Advisory. I know it's a great stepping stone for finance, but I interviewed at all the largest firms (Evr, BX, etc) for SA26 (considered taking a gap year) but wasn't able to land an offer.

I feel a bit down these days, knowing I was so close to landing these roles (landed multiple superdays). I want to make it back one day to the big leagues it just sucks knowing it was right there at my fingertips, and now I'm getting paid 50k full time. 

Any thoughts on how to cope with this? 

4 Comments
 

It’s tough to feel like you were so close to achieving your goal, but here’s the good news: you’re not out of the game. Based on the most helpful WSO content, here’s how you can cope and position yourself for a comeback:

  1. Shift Your Perspective: Many professionals have faced setbacks early in their careers but used them as fuel to push harder. Remember, your Big 4 M&A Advisory role is a solid foundation. It’s a stepping stone, not the end of the road.

  2. Focus on Skill Development: Use this time to refine your technical skills (e.g., financial modeling, valuation) and soft skills (e.g., teamwork, communication). As one WSO thread highlighted, being the best teammate and mastering the basics (like formatting slides and double-checking numbers) can set you apart in future opportunities.

  3. Network Relentlessly: Leverage your current position to build relationships with professionals in the industry. Tap into alumni networks, attend industry events, and stay connected with those you met during your superdays. Networking is often the key to breaking into top firms later.

  4. Consider Lateral Moves: Many WSO users have shared stories of transitioning from Big 4 to investment banking or private equity. After gaining 1-2 years of experience, you can explore lateral opportunities at boutique or middle-market firms, which can eventually lead to larger platforms.

  5. Stay Patient and Resilient: As one WSO user shared, it took them nine months of full-time networking to land their first role and years of relationship-building to reach their current position. Success in finance often requires persistence and a long-term mindset.

  6. Celebrate Small Wins: It’s easy to focus on what you didn’t achieve, but don’t overlook the fact that you landed multiple superdays and are interning in a highly respected role. These are significant accomplishments that many would envy.

  7. Set Clear Goals: Define where you want to be in 1, 3, and 5 years. Having a clear vision will help you stay motivated and focused on the steps needed to get there.

Remember, setbacks are temporary, and many professionals have used them as a springboard to even greater success. Keep pushing forward—you’ve got this!

Sources: IB SA No Offer -> Major Entertainment Strategy + Perspectives on Recovering from Failure, How to deal with a recession career-wise? A few lessons learned during the previous GFC, How to deal with a recession career-wise? A few lessons learned during the previous GFC, JP Morgan Officially about to Cancel Summer Internships and Freeze Hiring, BB Analyst Impacted By Layoffs - Looking for Insight

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

Praesentium illum earum optio numquam excepturi beatae eaque. Quod id rerum repellat amet mollitia nihil atque. Modi corrupti ex distinctio consectetur repudiandae id. Et molestiae harum alias commodi. Placeat vitae beatae quidem aut ducimus id.

Nostrum voluptas quisquam aut voluptas. Sit est non libero vel a quas voluptatem. Voluptatibus excepturi qui beatae dolor sit et numquam.

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 98.8%
  • 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 (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 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

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...”