Flopped out of SA27
Sophomore at semi-target, was in a few processes, had supers and didn't end up converting. Where do I go from here? Is recruiting for this cycle over? Do I switch industries? I thought IB was the path for me but it's not looking that way.
which firms did u do a SD for?
u can always delay grad 1 yr and re recruit
Not a big deal
Couple things. 1, Many banks haven't ended. You only need 1. EBs, MMs, and some other boutiques are still out there. Right now, IB classes are smaller and smaller YoY, just as a result of the broader macroeconomic situation. Def try for some smaller banks(Gugg, Cantor, Stifel, Oppenheimer, socgen, HSBC, Jeff, Mizuho, Nomura, truist etc.). 2, There's plenty of opportunities across the board for dedicated students. The question is why IB? Can you get to the same place as you would've gone without it? If you were gunning for PE, could you do consulting or direct analyst roles? If you were aiming for HF, could you land in ER or something similar? What was the end goal, and was IB the only way in? Or was IB the end goal? Try to figure out what it is you want out of life, and plan out exactly how to get there.
Super helpful thanks. I feel like IB was the best chance to get a broader experience as I'm not certain if I would prefer PE or HF. As for Consulting or ER, I have no clue how those processes work, so if you have any resources for that I'd love to look into them
It might help with "broader experience" but there's plenty of things that can do that tbh. I would try to figure out what it is you generally want to do first. I can't give too much advice on consulting or ER, only trading as I never did those, but there's plenty of other forums on this site for that with solid resources and advice
similar situation here, but secured a niche credit shop (3B aum) for 2026 summer beforehand, and they do return offers
how pigeonholed would i get started my career at an alts shop like this? from the standpoint of credit -> larger credit like king street for ex, and just in general?
Summer internships are probably the least likely to pigeonhole you out of everything. I've seen people do tech internships and internships across the board and end up in completely different places once they graduate.
That said, if you are going to be pigeonholed, credit is not a bad place to be at. Credit isn't as exciting as equities, but it's a more stable, larger industry. I'd say don't count credit out, it's a great place to be.
If circumstances allow, you can reclass (i.e., delay graduation a semester) and recruit for SA 2028. Had a cousin do that and he’s at GS this summer.
There is 2 realistic and good options for you.
It isn't fully over. You can get a smaller internship this summer, rerecruit for summer 2028 and land a good internship. Even if you dont, plenty of shops recruit all the way until 6 months before the summer. If you want it bad enough and you are diligent enough (check linkedin every night for 5-10 mins and view postings), you will land something I promise you.
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