How screwed am I? Any tips?
Would be super appreciative of any advice or help I could get here.
I know I am super behind on the IB recruiting front. I really only decided a week ago that I do in fact want to recruit for IB. Never realized that I was gonna be starting 3-6 months behind everyone else though.
I could not be involved in the solid finance-relevant clubs at my school due to athletic commitments overlapping. As a result, I have been pretty out of the loop when it comes to recruiting, technical prep, etc. I've been involved in the one I can attend but it is more just education than anything else. I have learned a lot from this site though in the past few days.
My parents have no clue about finance and no connections in the industry, so the only networking I have been doing is meeting with individuals from similar organizations, alumni, etc.
That said, I am willing to grind and do what it takes to get an SA offer. I am willing to relocate for the summer in any city honestly.
I know I am in bad shape, but has anyone been in my position and ended up getting an offer?
Thanks to all who are taking the time to read this.
Disclaimer: I am not, and never was in your position. That being said, having seen/coached students across multiple IB recruitment cycles here is my best advice to you.
1. Start learning technicals today. Dedicate at least 2-3 hours per day, and most of your weekend. Read R&P then get whatever guides you can online or from friends. The sooner/better you know these, the more natural your responses and the less stressful actual interviews will be.
2. Start working on your story, why IB/behaviorals, and general industry knowledge. People often overlook these, but they are fundamental. If you can't talk about yourself and why you want to do IB, people won't care how well you learned technicals.
3. Find people at your school doing IB who are willing to talk to you. Chances are if you are actually busting your ass to make up for being so late, at least a few people will help you.
4. You couldn't join the IB-fpcused clubs, but it's still worth letting them know your plan. Worst case they tell you you're crazy and it's too late, best case they provide additional guidance/resources. Either way, if late ops come up you want to be on the club's radar.
5. Also pursue other finance roles, for which your prep will directly translate. This serves a couple functions:
A. You're in a long-shot position as it is, so any finance internship is better than no internship if you have to rerecruit.
B. There are likely more corporate finance opportunities this late in the game relative to IB. This is good both for 5.A., and for you getting live interview reps before going into IB interviews.
6. Practice all of your technicals and behaviorals out loud. Fine if you start by writing things out or thinking in your head, but speaking them out loud will help you tremendously.
Good luck. It's definitely doable, but the odds are against you.
Thanks so much, super thoughtful response. Appreciate them as actions items too! I'll be getting on this all starting tonight.
I haven’t been in your position but your chances aren’t completely gone— I would reiterate all that was said in the above comment but I would add that while you’re on networking calls, be honest and genuine it will definitely get you far. Also I know it can seem daunting since things have kicked off already but you get what you put into the process. Good luck!
Maybe I’m out of touch with recruiting this year but I don’t think it’s too late at all. Last year I started networking/studying in july and got my BB offer in the fall, and many other firms were still interviewing. There were also a good number of very respectable buy side firms recruiting in the summer/fall. Obviously you still need to get to work but don’t lose hope yet.
Do you live in the UK?
no this was for NYC
Have seen sophomores start as late as March and recruit through the summer to land solid offers. If you sprint from here it should be possible, though not easy.
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