So, uh, the clock is definitely ticking...
No job, no interviews, nothing.
My situation: I graduate in May with a BSBA in Finance (Cum: 3.7, Last 50 hours: 3.96) from non-target (top 40 undergrad). I have some commercial banking experience, but no IB, S&T, or PWM. My quandary is: now what? I've talked/networked with 4-5 alumni in IBDs. They've each responded with pretty much the same tune (bad capital markets, no opportunities, etc.) So, without ending up at some sh*tty brokerage cold calling (a la Boilerroom), what angle should I take now?
I'm considering Teach for America or some other volunteer corp.; however, if I received an offer in finance or consulting (making 50k+), I probably wouldn't turn it down.
Thanks for any suggestions, inspirational stories, or just harsh criticism, lol.
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The thing is, banks have already filled all of their full-time positions for all banking and s&t. People might know about PWM full-time but my guess is that they are full too. FT recruiting takes place early first semester.
Do a lot of interviewing to get experience with opportunities at your school. There are plenty careers if you enjoy finance that you will like. And a good deal of them that will make you 50K a year. Keep at it!
Thanks Bankerchic; I've come to grips with the fact that chances are slim to none at landing a spot as an analyst (given the time and current market conditions). However, what type of positions should I seek that will prove advantageous for future IB employment?
if i were you i would try some small middle market shops, if they are small enough they might not have a formal recruiting schedule and fill spots as their needs occur, also ask your alumni contacts if they could give you some contacts they know at smallet firms. Its a long shot but I would still try
why not do a masters in finance from princeton?
Why not shoot for an internship? It'll get you summer housing, something to do, and some change in your pocket. It's also a better way of getting hired than looking for jobs right now.
I've applied at some places for SAs. Are any boutiques or MMs still excepting resumes for SAs?
Definitely still accepting. Boutiques are randomly looking for interns all year, I know that as a fact. They're less structured, calendar-wise, than BB's, so many don't have summer analyst, winter analyst etc. programs. Don't give up hope, it's way too soon for that.
Great, do you have any particular boutiques in mind (I've covered Greenhill, Houlihan, and a few others)?
PMs would be great. I would also love to share my resume for critique! Thanks!
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