Got the Offer… But Why Am I Still Disappointed?
I’m incredibly grateful to have received an IB Summer Analyst 2026 offer a few months back from a large Canadian bank. Getting that call was one of the best moments of my journey so far.
I attend a Canadian target, which definitely helped, but I come from a completely non-finance background—no family connections, no industry ties. Because of that, I had to build everything from the ground up. I spent the last few years relentlessly networking and prepping, knowing nothing would be handed to me.
While I’m thrilled to have broken in, I’d be lying if I said I wasn’t a little frustrated. I know I have what it takes to be at a BB or EB, but I got a later start than most and I didn’t land my sophomore summer M&A role until a few months back, which put me behind in the cycle.
It’s tough seeing peers post offers from top U.S. firms. It makes me wonder if its too late to eventually make the jump, or should I double down and grow where I am?
It’s completely normal to feel a mix of emotions in this situation. Based on the most helpful WSO content, here’s what you need to know:
Perspective on Your Achievement: Landing an IB Summer Analyst role at a large Canadian bank is no small feat, especially coming from a non-finance background. Many would envy your position, and it’s a testament to your hard work and resilience. Don’t let comparison diminish your accomplishment.
The Grass Isn’t Always Greener: While BBs and EBs in the U.S. may seem more prestigious, the reality is that the work-life balance, culture, and opportunities at Canadian banks can often be more favorable. Many professionals thrive in these environments and build highly successful careers.
Making the Jump Is Possible: If your ultimate goal is to transition to a BB or EB, it’s not too late. Many professionals pivot after their first or second year as a full-time analyst. Focus on excelling in your current role, building a strong skill set, and networking strategically. Lateral moves are common in the industry, especially if you can demonstrate strong performance and a clear value-add.
Doubling Down Where You Are: Alternatively, you can leverage your current position to grow within the Canadian market. Canadian banks often offer excellent exit opportunities, and you can still transition to top-tier roles in private equity, corporate development, or other areas. Success isn’t defined solely by the name of the firm but by the impact you make and the trajectory you build.
Comparison Is the Thief of Joy: It’s easy to get caught up in what others are doing, but remember that everyone’s journey is different. Focus on your own path and the unique opportunities you’ve earned. Your background and story are what make you stand out.
Ultimately, whether you decide to stay and grow or aim for a transition, the key is to maximize the experience you have now. Crush your internship, build relationships, and keep your long-term goals in mind. You’ve already proven you can overcome challenges—this is just the next step in your journey.
Sources: Disappointed in SA offer…, My Take on Deciding Between Top Summer Analyst Offers, Accounting major, can't seem to break into IB, Why has the quality of IB analysts declined?, CANADIAN 2018 Investment Banking Summer Analyst mini Thread
Meh I’m in same boat. Low BB still know I’m capable of EB/top BB. Taking some time to relax, have thought hard about places of improvement and want to get involved in pitch comps / go hard on group placement next sem. Nothing you can really do now
Congrats on BB regardless.
Are you networking with other banks yet? Or waiting to begin until fall?
Some others told me not to begin right after recruiting has wrapped up because analysts are tired of coffee chats / interviews and need a break for a few months.
Nothing yet. I’m probably not restarting external networking until like Jan-Feb or so. Just going to try to get in top group and if that doesn’t work out try my hand at FT
Could definitely try your hand at FT recruiting. At the same time, appreciate the opportunity and the spot that you're in. There's a lot of other students who would love to be in your shoes
Of course I am extremely grateful that I was able to break in.
Do you know when FT takes place and is it a similar process to SA?
Prestige only gets you so far. You’ll soon realize that it doesn’t buy you much and is 2 years in a 40+ year career. Impossible to live looking at the guy beside you, because the grass isn’t always greener
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