FT IB Route Recommendation

Hi All,

I'm currently a rising senior at a pretty decent target however I wasn't able to commit to my summer IB internship due to some unforeseen circumstances. I know this puts me in a really tough position for full time recruiting hence I would really appreciate getting some feedback on what I am thinking right now as well as any recommendations you may have.

Here's my plan:

**I managed to land roles at 2 different search funds, one remote and the other physical, which I know is a big drop from an IBSA role but it's all that I have right now. Also, the folks running the Search Funds are M7 grads and they've promised to help me network for FT in IB, so that's something.

After this summer, I plan on recruiting FT during the fall for IB. If something works out in IB then the following is moot. But if it doesn't then I plan on interning at a boutique/regional IB that whole academic year (fall, winter break, spring and summer break) and continue to network for FT during that time and hope to dear god that I have something for Fall 2020.

As a backup (suppose I don't have a FT IB role post-graduation), I'll also be recruiting for FT in Corp Fin (very confident I'll land something) during this fall. That way, I'll have a full year worth of experience at a boutique IB as well as a FT role in Corp fin after graduation. If it comes down to this then I'll continue to recruit for banking while doing the corp fin gig.

So to summarize this is what I'm thinking: 1) SF>IB>IB FT OR 2) SF>IB>CF>IB FT**

So what do you guys think of that? Does it sound realistic/doable? Sorry if it's a lengthy post. Appreciate any piece of feedback as always.

Cheers

 

Et recusandae accusantium rerum aliquid quia. Tenetur enim consequatur ullam enim aspernatur dolor enim dolorum. Commodi incidunt beatae alias eveniet.

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

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
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...”