HELP!!! ... REALLY!!!

Ok... here is the story... My GF is a third year looking for summer in Finance (IBD, S&T etc. ) She is sincere about the job and is not in it for the money... really! So she went through the school recruiting... her average is not too high so no dice there. she contact tons of alumni and cold call almost every firm on bay street(toronto). So after all of that she was like 90% in to a really good position. they called and says she was the strongest candidate but the market is yuk so the position is cancelled. keep her file for ...blah blah blah. So at this point we are a bit numb to what to do next! So if market is down, there is no more summer? how much does it actually cost/save the firm to hire summer anyways! She is thinking volunteering just to gain the experience since as said before she doesn't care about the money! HELP! any advice!

9 Comments
 

Sorry, she must not been sincere because she did not write the thread that reflect her BF's thoughts!j/k but thanks for the reply thou!

 
Best Response

An essay could be written on what to do at this point and what chances are stood. I think you would be better off using the search function on this site though. If what you say is true, it seems there is little doubt that she is motivated to break into the industry. However, as with countless other prospective monkeys, it seems as though she is not fully aware of the appropriate steps needed to do so successfully.

Here's how to bridge the information gap. Have HER (not you) read every single post and every single piece of information. That'll bring her up to speed on what banks are looking for (whether it's too late to correct anything is another issue). Then have her look to this site and search for WTF to do when recruiting season is over and still no offer.

Market has little to do with it -- strong candidates will get offers regardless of the market environment. To big banks, the cost of an intern is of little concern, if any at all. Unfortunately, like you claim of your GF, they're not in it for the money either =P. Smaller boutique banks may feel the cost of an intern more but at the same time are more open to "volunteers." Even their volunteers usually have to go through a typical banking interview process though and must be qualified in some way - It's not like volunteering at the local soup kitchen... usually.

Good luck!

 

Odit in itaque rem aperiam est. Velit porro incidunt earum excepturi. Necessitatibus et sit aliquid. Atque iusto perspiciatis sequi consectetur. Quo aut ratione ipsum ipsam et sint. Mollitia molestiae sed officia totam nemo aut. Ratione itaque ea ab aut.

Quis molestias iusto maiores. Eius nulla vel et voluptatem ipsum qui. Nisi quo ipsa eum veritatis dolorem eveniet. Sunt vero hic doloribus soluta. Sit qui vitae ipsam ducimus officiis illo totam.

Porro facilis enim repudiandae molestiae. Nemo quae praesentium voluptatem voluptas. A quia nihil incidunt veritatis iusto non rerum.

Voluptatibus doloribus totam nulla aut at consectetur. Labore eos et ut placeat dolores nam. Laboriosam excepturi blanditiis optio voluptatem maxime vitae ad. Quam non aut suscipit iusto eaque enim sed ut.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”