How Many Rejections Are Normal for Internships?
I'm getting decently concerned about the number of rejection letters that I am receiving for summer 2021 summer internships. I've sent out 50-70 applications in areas such as IB, CF, PE just to cast a wide net here since I'm from a non-target. I still haven't even got to a first-round and have already received about 30 rejections letters and that's excluding the firms that just dont respond. Is this normal? Not going to pretend I'm a stellar candidate got a 3.4 cumulative, athlete, and a current internship at an IB. Writing this cause I'm kinda sad two more rejections were in my inbox this morning.
Wouldn't focus on the negative rejections. The only number that matters is 1 - the number of SA positions you can have.
Stay positive, keep grinding and push on. If you are seeing a lot rejections, step back and critically assess what you are doing and how you can change / evolve. Is you cover letter simple and to the point without sounding "needy?" Is your resume polished, in the general IB structure and conveying what you have accomplished (supporting with stats) and demonstrating why you would be a valuable member to the team? Have you networked to junior folks as an "in" to get through initial screens and into the interview process? What more can you do? How bad do you want it?