How to stop feeling like shit for not making it in IB?

I'm 21 and I'm in the UK. I flopped my A-Levels and went to a complete non-target university and I pretty much knew my career prospects were over immediately. Networking isn't a thing here for graduate roles and you have to go to the elite universities to stand a chance. The first few months of university were the hardest since I constantly felt like hanging myself.

As expected, I was constantly rejected from countless internships and jobs. In hindsight, I wasted so much time learning technicals which are completely useless to me now since I'll never get into IB. However, I did manage to get onto an accounting graduate scheme. I graduated with a first class degree in econ/finance (which doesn't mean anything since it's from a complete non-target), and I started my accounting graduate scheme.

My friends all went to Cambridge and Oxford and have amazing jobs in elite firms that are so competitive and everyone expected me to get into Cambridge as well, but I did badly in my A-Levels and pretty much ruined my life. Whenever I would meet up with my friends they would avoid talking about the offers and jobs they have so I don't feel bad because they know I went to a terrible university and didn't get a prestigious job even though everyone expected me to achieve that.

Whenever I would look at LinkedIn it just made me so depressed seeing the elite jobs people are in and it constantly makes me regret not working harder. I never set up a LinkedIn profile for myself because I was too embarrassed to mention my terrible university, so I would always look at what my friends/people I know are doing through a fake profile and it just made me feel so inferior.

Ultimately it's my fault I didn't work harder and I fucking regret that so much every single day. I thought I would be able to move on but ever since graduating and starting my accounting role, I've just felt worse because I can no longer delude myself that I can still turn things around. I've desperately been applying to roles but most graduate roles are for final year university students and everyone is from better universities with relevant internships, so I don't know why I wasted time applying so much but I guess it was a last ditch attempt.

I've slowly stopped talking to people and I don't hang out with my friends who went to Oxford/Cambridge because they are a constant reminder of what a failure I've turned out to be. I don't like thinking about jobs, university, and not doing well enough because it just makes me feel like complete shit and I sometimes break down randomly when I think about how badly I messed up. Even at work some people have started asking me if I'm okay so I guess I'm no longer good at hiding it.

I've started drinking a lot since it helps with the pain from self-harm and it does help me avoid getting negative thoughts. I just don't feel good and I'm miserable with how things have turned out. I don't know what to do but I can't keep feeling like this. I'd rather be dead. I just want to learn how to move on from my failure and stop it affecting me like this.

 

There’s so much more to life than this career. If you look on here there’s about 10 posts a day talking about how miserable people are.

It’s more important to find something you’re interested in, passionate about, both of which usually correlate with making the world a better place. Find the silver lining in not having to work 100+ hours a week and no more self harm talk - the world is a better place with you in it.

 

Agreed, and seconded to the absolute max.

Wish more kids these days would follow this advice instead of being 100% dead set on IB.

The PE and "prestige" obsessed clowns are even worse

 

Not in IB, so can’t comment on that side, but I am from the UK. I’ve read in multiple places (give it a google search if you wanna see for urself) that among all students, only around 1/10 get grad schemes, so by that metric, you’re already in the top 10%.

My friendship group is the opposite to yours. No one can get a job. 2 are at Tesco, 1 is at Homebase, and a few others are “travelling” a.k.a delaying the inevitable of not having a real job to come back to. This is despite a few having top degrees at top unis (goes to show a top degree at a top uni isn’t the be all and end all.) A couple are also on masters programs, delaying potential unemployment by another year.

With the state of the UK hiring market, having any grad job is a huge achievement, regardless of “name” or “prestige”, which will never beat hard work, in my opinion.

Just grind out ur grad scheme now, get qualified, learn the ropes, and you could probs transfer to IB down the line anyway. I’m pretty sure that’s a feasible route for accountants.

Besides, accounting is a very well respected, well payed career, especially as you qualify, get more senior etc. It pays well, should have much better WLB than IB, and gives you very strong skills/qualifications for going into other stuff.

You also gotta keep in mind this website, and your friend group by the sounds of it, presents a skewed reality of what a “normal job” is. The average grad wage in the UK is ~£33k, wayyyy off what banks are paying graduates now, and when only 10% of grads have a grad job, it makes you wonder what the other 90% are getting payed, and what experience they’re having.

Keep ur head up, you’re in a great spot, remember comparison is the thief of joy.

 

Not getting into IB is not the end of the world and it’s not as glorious as everyone thinks.

Ontop of that, there is always an option to get into a good grad school and join as an associate. I know so many people who were in a wide array of jobs from accounting to engineering who do a masters and switch tracks into IB. I can’t say if it is the case in the UK because I’m from the US but I assume it’s similar. Heck, I even know someone who switched from back to front office.

There are also so many other jobs and careers out there in the field of finance. Don’t let your school define you… and trust me that you don’t want to like those people who build their whole identity on “Wharton”, as they are pretty unpleasant bums to be around.

Try your best with the cards you got dealt with, think of ways to make yourself a better candidate (ie. MBA) and take every opportunity that arises. All else will follow.

As Jensen Huang said infront of a group of Stanford students, “I wish you all a little dose of pain and suffering”. Resilience defines us so if IB is for you don’t give up but don’t forget there is also a whole world out there outside of IB.

 

Don't worry man I remember fumbling a lot of interviews as well but had some really good advice from a few coffee chats from Goldman Sachs IB Directors (Which I also fumbled) which was "Whether its a career in banking or any other industry, make sure you're doing what you love" and I am pretty sure Investment Banking isn't the only career that you love. In addition, if you still want to get into Investment Banking you can always get a Masters in Finance or an MBA and transition.

Look man I failed over 50+ IB interviews but it only takes one yes, my favorite quote is "When one door closes, another one opens". Also I had a similar mindset of comparing myself to others but you shouldn't do that because the only person you should care or compare yourself the most to is yourself and no one else.

 
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DO NOT LISTEN TO ANYONE ELSE WHO'S TELLING YOU "ITS OKAY TO NOT BREAK IN, THERE'S OTHER THINGS ETC ETC." 

I fucking grinded like a dog. Gave up my life for a year. Ruined relationships with my girlfriend, my family, my friends, mental health in the drains, however you wanna frame it. I got rejected so many fucking times. I got ONE opportunity to interview in-person with an EB. Thought this was my last opportunity, worked so fucking hard for it. Went to sleep and had dreams about the technicals, would talk to myself in my room pretending I was answering interview questions, etc. I go to the interview, don't even make it past the first fucking round because of nerves. Went to the nearest chick-fil-a and just sat in depression, i drove up 6 hours from school to interview, and flopped it in 30 minutes, and drove back 6 hours wanting to crash that fucking car in the side of the road.

I have been where you are. I thought about the same thing- what other options do I have, consulting, accounting, etc etc. On a random day a week after the interview, I was sifting through youtube while bored and found this Conor McGregor quote that goes something like "If you want to be at the top of your game, your craft, you have to be insane. You have to be somewhat gone, you can't be all there in the head." And at that fucking moment I kid you not I decided that I wouldn't let Wall Street dictate what I do and what I don't. I was already going insane from my obsession with breaking in, and I just leaned into it now instead of trying to retain a sense of normalcy. I started from square one again, networking calls, grinding techs, behaviorals, and got ONE interview at a LMM M&A shop. Went in, crushed it, and now I'm gonna start my internship there. Is this the best firm to work at? Fuck no! Are there kids that worked less than me and got better offers? I'm sure of it. But will I do everything I can to keep climbing higher to better shops and make more money? Fuck. Yes.

My point is, you can't control other people's paths, you can only control yours. Do NOT listen to these people in the comments saying "there's so much more than this career" They have completely valid points, but the fact that you're making this post tells me you're not someone who would be happy working at a another role. Be fucking psychopathic and keep grinding, believe in yourself and tell yourself that you're better than everyone you compete against. Fuck everything else, fuck the alcohol fuck the women (no pun intended) fuck all that shit that gives you instant gratification and put your head down until you get it. And brother let me tell you something, once you do get it, once you can go to sleep and feel your hand swirling around in that pot of gold, thats when you celebrate- and celebrate hard you will.

I am fucking rooting for you. Don't let Wall Street win. Give them hell

 

I did the interviewing myself shit in my room, had my fuckin gf, mom, friends, the fucking toothfairy mock interview me. Extended my grad after already taking a gap due to mental health. friends working ft already and im stuck in my hometown. People telling me to work my way up, but i needed this shit idgaf how cringe it sounds. forced this shit into existence. Now gonna no life it until i get a return offer and can provide back home. Never give up

 

This is great advice. I didn’t get a summer internship after the first year of my MBA. The following week, after all the banks gave out offers, was the worst week of my life. But it was at my lowest point that I decided that I would break in, whatever the cost. Grinded like a dog for the next 7 months, had interviews with a few mm and even regional LMM banks, and got denied by everyone I interviewed. But I didn’t let that keep me down. Instead, it motivated me to try harder. I got an interview with a bb with what I genuinely believe was my last chance, and I nailed it. Never give up, learn from your mistakes, keep improving, and keep pushing forward. Remember, all you need is one offer.

 

Comparison is the thief of joy my friend.

People out there who get Jefferies hate the fact they couldn’t get a BB offer, people who got UBS hate the fact they couldn’t get GS, the GS guys wish they were in the TMT team… it never ends.

If you really want IB you can get there - I’ve interned at various MMs in the UK and worked alongside loads of folk from BDO, Mazars, RSM, Big 4… who got their head down for 3+ years to become ACCA or ACA qualified and then jumped into IB at the Senior Analyst or Associate level.

When you eventually get into IB (if you still want to), you will realise it’s not all that and will likely plan and exit.

 

PM me if you want to OP.

Happy to share my story if it helps. I was in a similar boat and instead I flunked my university degree at a Russell group. Was more interested playing top flight rugby, chasing women and doing stuff with the marines than doing shitty science.

I now work at an EB, and before that was a BB and a t2 bank. It took me a while to break into IB but I did it. I even wasted money on a mba here (which is useless for ib recruiting in London). In my time I've worked in London, HK and NYC.

IB certainly isn't everything. Too many gimps on this site make it and prestige their whole personality. Because I never post Anon I get shit constantly from little prestige dweebs on this site because of my history. It makes me laugh, these people are the saddest and don't let their chat and opinions colour your reality.

Decision one is to stop drinking and harming. You need to get out of your bad heads pace  otherwise its a vortex that will destroy you. 

As others have said - stop the comparisons. It will only hurt your mental frame. Focus on your path and goals and execute each step.

Get qualified as an accountant and you'll soon find opportunities. It's a great qualification to get into M&A roles at big 4 and Boutiques at analyst 2 level. Then you can lateral up firms from there. One VP I sit next to used to be in deloitte corp fin as an example.

London Sponsors M&A - EB
 
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Why is MBA useless for IB recruiting in London when there are people who have classified universities based on target and non target ?

Because the MBA associate programs are very rarely run at any scale in London anymore. Usually these very few places go to diversity candidates when there are spots open.

London is far leaner than the US in terms of team size, even at BBs. So having a "passenger" for a year or two isn't that attractive. Especially when you can find qualified associates via lateral in a market where there are more people than spaces. 

London Sponsors M&A - EB
 

DCF is miles above the other big 4. DCF's IB practice is just McColl partners operating under the Deloitte name, meaning they're a very legitimate pure LMM shop that deals with smaller privately held companies. KPMG, PWC, and EY M&A practices are their own in-house services that don't really compare. If OP wants to go to a big 4 M&A as a start, would very much recommend DCF over any other.

 

I remember your other thread. I also remember some of the toxic shit you were saying. No surprise you’ve posted yet another thread complaining about not making it to Cambridge/IB.

My advice? Seek help. Professional, psychological help. You have one gigantic chip on your shoulder and you’re obsessing over something that quite literally 99.9999999% of the world has no idea about, much less gives a shit about.

You didn’t make it into banking first time like others. You could still make it later. You might not. Who knows. Obsessing about it in such a negative, borderline whingey fashion like this won’t help.

 

If you evaluate your current position and what you may be able to do in the future, its probably not that bad. I think your main issue at the moment is comparison. You mentioned being in an inferior position due to having worked less than they did, rather than being any less competent. I understand the regret, but don't beat your own self worth for it, quite literally just a mistake from the past. Make the most of what you have now and keep building man.   

 

Hi there!

First of all, I think it is best to adjust your emotions. Bad emotions like frustration are harmful to your health and they cannot change anything you are concerning to make your life better. So be optimistic! Everything which is “bad” is based on your perception and your perception might not be totally yours because it may be strongly shaped by the social norms or other factors.

Second, if you really want to have therapy for those bad feelings, you may ask for help in the wrong place. This forum is filled up with “elite” “students or worker” who are extremely eager to break into investment banks, so most ppl may not have the empathy to echo with you (or even they fear that one day they fail as you do.)

There is a very efficient way, which is to try to encounter different groups of people in the world ( =open your mindset). Those people may have completely different backgrounds and lifestyles with you, but they are still living happily, and probs never have heard about IB or IBD, or not at least so obsessed with it. They will let you know that life has a variety of options, but not a single “ get it or the end of the world”.

At least in my opinion, mental resilience is very important in life. One of the most horrible things is having a bunch of students straight out of high schools and devoted themselves fully into one path (IB or something) without careful consideration and corresponding mental maturity. This is actually pretty dangerous, and many people have not realized it.

With that, I am not criticizing that IBD is something not worth chasing for. Exactly the other way around, I admit this is a pretty nice starting point for your career. But personally I feel this path desirable because it is one of the most efficient ways to make my life better. So “making life better “ is the goal. If I invest in so much in the negative emotions about that, then my primary goal cannot be achieved primarily. Then obviously I will not cry for the spilled milk. Hope this logic can somehow help you.

And for me, another more important reason is that I really feel what investment banking is doing somehow creates value ( regardless of how people spit on that). I will not go into details because I don’t want to be recognized. Sincerely, I gave up the other areas I explored in the first several years of my college to work my ass off towards IBD because I really believe in the value of it, and I am willing to make a lot of sacrifices for that ( no wlb, super long working hours).

Recently, I am preparing for my incoming SA internship. Sometimes I also feel anxious about the returns. But all in all, I am telling myself that “look back what you have gone through and what brings you there, you will work hard and things will figure out. Allowing everything to happen and be a stronger self.”

Probably that is the biggest takeaway to recruit for IBD: I am not only fighting for a job, I am fighting to be a stronger and better version of myselfz

 
London IB PE Dreamer

Hi there!

First of all, I think it is best to adjust your emotions. Bad emotions like frustration are harmful to your health and they cannot change anything you are concerning to make your life better. So be optimistic! Everything which is “bad” is based on your perception and your perception might not be totally yours because it may be strongly shaped by the social norms or other factors.

Second, if you really want to have therapy for those bad feelings, you may ask for help in the wrong place. This forum is filled up with “elite” “students or worker” who are extremely eager to break into investment banks, so most ppl may not have the empathy to echo with you (or even they fear that one day they fail as you do.)

There is a very efficient way, which is to try to encounter different groups of people in the world ( =open your mindset). Those people may have completely different backgrounds and lifestyles with you, but they are still living happily, and probs never have heard about IB or IBD, or not at least so obsessed with it. They will let you know that life has a variety of options, but not a single “ get it or the end of the world”.

At least in my opinion, mental resilience is very important in life. One of the most horrible things is having a bunch of students straight out of high schools and devoted themselves fully into one path (IB or something) without careful consideration and corresponding mental maturity. This is actually pretty dangerous, and many people have not realized it.

With that, I am not criticizing that IBD is something not worth chasing for. Exactly the other way around, I admit this is a pretty nice starting point for your career. But personally I feel this path desirable because it is one of the most efficient ways to make my life better. So “making life better “ is the goal. If I invest in so much in the negative emotions about that, then my primary goal cannot be achieved primarily. Then obviously I will not cry for the spilled milk. Hope this logic can somehow help you.

And for me, another more important reason is that I really feel what investment banking is doing somehow creates value ( regardless of how people spit on that). I will not go into details because I don’t want to be recognized. Sincerely, I gave up the other areas I explored in the first several years of my college to work my ass off towards IBD because I really believe in the value of it, and I am willing to make a lot of sacrifices for that ( no wlb, super long working hours).

Recently, I am preparing for my incoming SA internship. Sometimes I also feel anxious about the returns. But all in all, I am telling myself that “look back what you have gone through and what brings you there, you will work hard and things will figure out. Allowing everything to happen and be a stronger self.”

Probably that is the biggest takeaway to recruit for IBD: I am not only fighting for a job, I am fighting to be a stronger and better version of myselfz

yes exactly. man's attitude is on point. take his advice

 

record yourself whining and live speaking your thoughts. Then go back and watch the tape-  see how  bad it sounds?  Stop whining.
 

Focus on what you are good at and move on. Enjoy your life. There a good chance you could find a career that suits you much better and will give you a better lifestyle. Go out there and find it! 

All this bullshit you are whining about is because you are young and in that 20s stage where you all are trying to jockey for some bogus position in the social strata.  Here’s a tip from someone 20 years out, none of that matters. Go own and operate some fast food joints and make more money than some lame ass banker. 
 

the perpetual whining on this site has reached fever pitch…no bueno 
 

 

Every post I read about Europe helps further solidify the fact that it’s an unprofitable hellscape and anyone with a brain should avoid doing business there. You want my honest advice? Emigrate to the US. The average high school dropout-turned real estate agent is richer in the US than your average top undergrad European. Taxes, low quality of living (seriously, where the fuck is your A/C? And you can’t even afford to put ice in people’s drinks…), and less job opportunities. Why live in Europe?

 

Europe is far better imo.

Free healthcare, free dental care for those that are low-income (subsidised for everyone else if they’re admitted under the NHS). There are many immigrants from the US here who work here because of a higher standard of living. The salaries in the US are high (I’m jealous) but the ones I have spoken to have all said that they took the salary reduction as the cost of living in the US is a lot higher so it really amounts to similar salaries (this is dependent on which industry though and how much salary they were getting).

Food is fresher here - the chemicals found in US foods is not even approved here in the U.K. so things are way more natural here.

The ability to take a train to a European county and back to the U.K. all in the same day. Train to the closest European country is around 2 hours from the UK, plane is a lot less than that. So lots of travelling for cheap too. Inter-railing is a common thing students do where they get on a train and visit multiple European countries for pretty cheap.

UK is incredibly multicultural. Cuisines from all over the world and meeting many many different people from all sorts of backgrounds.

No guns. Very rich history.

University is more meritocratic. You do not have it easier/harder being of a certain race. You do not get legacy. People who sport do not have it easier getting in. It’s all about the grades, the admission tests/interviews (if required). You cannot pay your way in. University in the US is a lot harsher and imo helps out the rich a lot more. University doesn’t cost an arm and a leg either. Everyone that’s a home student pays the exact same and can get loans that don’t cripple them (only £9k a year for tuition and then maintenance loans of up to another 9k if you need it). Pretty sure international students pay the same amount for a 3 year degree compared to only affording one year in the US. Can it be better? Yeah the current loan system really makes the poor pay a lot more over time. Scholarships here aren’t great at all. Bursaries are better at some unis than others. Financial aid isn’t a thing which would have been great for low-income students.

Also the ability to specialise straight away at age 18. Medical students don’t apply after they do a degree previously. They get into medicine right away at age 18. You choose a subject to study straight away.

Also not sure how the US works but you can practically do any subject and become anything unless it’s a vocational course. My friend did English literature and is now interning in investment banking. Another got an offer to study medicine after graduating (she did a non STEM degree). There’s a lot of choice.

A/C isn’t needed in the U.K. The houses are built to keep heat in because it’s colder most of the year. The summer has been getting hotter so more people are buying portable A/Cs but we’re not at the point where we need it installed.

Tax wise US and UK are similar from what I’ve seen.

The UK is definitely going downhill. But to think that the US is better than Europe, I’d question that. The only thing US has better is the salary in my honest opinion (the top 1% in the U.K. earns £170k whereas the top 1% in the US earns £666k). And also how big it is - some of the states are very nice and you guys have everything. 

I am just comparing UK to US though. A lot of what I said applies to many other European countries too.

 

Hey man. You can definitely still break into IB. You're in a good place. Dont beat yourself up!

There's a strong culture in London of taking Grads from Big 4 accountancy firms into investment banks - these are qualified-accountant-only applications so you would also be competing with very different people to the "elite competition" at IB grad level (many will not have been able to have broke into IB at Graduate level).

My advice would be to stop beating yourself up over this as you're actually still in a good place. In London, many bankers are former Big 4 and often end up as better bankers as they have deep accounting knowledge (sometimes excessively deep haha).

Next, make sure you get your accountancy qualification. I know some try to do things to avoid this (e.g. move to a division that doesn't require this) but then you miss out on eligibility for these ACA/ACCA IB roles. Also, put in every effort you can to passing first time - they often look for this.

At the same time, network within your organisation to eventually move to a role internally that's closest to IB. In Big 4, this is often Deals/ Transaction Advisory. People within Big 4 are always trying to get into here so it will be a little hard but very possible with good networking and doing very good work such that people support/back/vouch for you. It will likely be tough to move right now, given the overall market situation and I believe internal moves are hence on hold, but if you maintain the relationships you could move down the line.

Also, I don't know your financial situation- e.g. parental help, etc. However, another viable pathway (potentially quicker but a little more risky) is doing a Masters at a target uni. Once you've got this on your resume, your undergrad Uni no longer matters as much.

The LBS course in Masters in Financial Analysis (MFA) is a very good target and frankly, if you do well on the test and can afford it, you'll get in. The course itself is very straightforward and practical orientated - designed specifically to break you into the industry. May be worth saving up the 50k needed for this course (along with parental help and government loan if available).

Hope this helps man. Your past experiences shape you. You'll be person with much greater humility, endurance, and wisdom when you break in down the line.

Good luck pal. We're all still rooting for you so you can't just give up on yourself. Stay strong, stay healthy.

 

Jesus H, I already gave you advice on the previous thread you posted asking for advice.

Maybe I should make clear my position...I am a prospective trainee in psychiatry. I have seen cases where people have REALLY fucked up their lives. I'm talking about failing high school 5 years in a row. Or violent crime, drugs/substance abuse, severe disabilities, whatnot. I'm not trying to say "they have it worse". I'm trying to give you PERSPECTIVE. You've got your whole life ahead of you.

I honestly don't think meds would help you (This does not constitute medical advice). At its core you're dealing with shame and regret. You're living in the past. You've got to see a clinical psychologist/therapist if you can't stop living there by yourself. You've got to change your attitude. Treasure the opportunity you have right now. Who makes more - an accounting partner or the guy who did 2 years of MS IBD and flamed out? 

You know what? Even if you got a IBD position, you would still be doing it for all the wrong reasons - elite job, whatever. Do you think you'd last for long? At no point have I gotten the idea that you are even remotely interested in finance for finance's sake. I think it is likely that even in IBD/PE, you would get to somewhere in the middle VP level and stay there ~ if you don't have what it takes to reach the top in high finance, is the outcome really that different from working your way up in your current accounting job?

Trust me no one in the real world gives a shit about the firm you work for, or the university you went to. If you really care about how others "see" you - how you project yourself - your demeanor, tone of voice, attitude, all the charisma skills - is far more important.


I don't give a lot of advice on this forum. But with you, this is more so a medical problem, not a career problem. And I have seen so many patients where it started with this and they let it slide to a point of no return. Just don't let life beat you down at 21. You feel like your problems would be solved with that IBD post. I feel like your problems would be solved if you could just get over how people see you.

 

Yes I remember that too. I remember commenting about it because I had a serious problem with how he expressed himself and he doubled down by saying that it's objectively by all metrics an 'inferior' career. I mean it's not, it's just a different career.

 

Not to pour salt on your wounds but I’m also in the UK. There are people from non-targets that get in.

 

I've started drinking a lot since it helps with the pain from self-harm and it does help me avoid getting negative thoughts. I just don't feel good and I'm miserable with how things have turned out. I don't know what to do but I can't keep feeling like this. I'd rather be dead. I just want to learn how to move on from my failure and stop it affecting me like this.

Prob start with stopping the drinking and hitting the gym. so cliche yet so true 

 

It's not too late for you bro. Do a MiM/MiF in a UK or European target and all the doors are still open for you.

Godspeed.

 

Easy.  Imagine a theater full of the most successful business people whose careers you'd like to have.  Elon Musk, Jamie Dimon, whoever . . doesn't have to be someone famous, just someone you want to be.

Now ask yourself: if you got up on stage and told that audience that missing out on IB at 21 is a life-altering failure, how hard would they laugh?  

If your lifelong goal was to be a MF PE associate in your mid-20s, then yes you're fucked.

But I'm assuming your lifelong goal is something much bigger and better than that, in which case your failure to land the preferred role out of college is the most minor of setbacks.

 

Work on lateraling, start off in management consulting or something else, do an MBA, honestly you need to stop whining like a little bitch and get over yourself and I mean this in the kindest way possible. Why? Because you decide when it’s over. You’re a smart kid, and part of this game is facing adversity and overcoming it. If you truly want to do IB start talking to people, network, improve where you’re going wrong in these interviews and you’ll be fine. I’m telling you, it’s a proven process to IB. You just need to do well on your next process.

Read the story of Arber Xhekaj. The mother fucker was playing over playing hockey in the juniors till age 21 after he wasn’t drafted to the NHL, passed over by many teams. He was working at costco to pay himself to play hockey. Fucking inspiring. Do the same, lick your wounds and keep going.

 

I struck out at the MBA level. Have classmates who did their summers in banking. Seems split across 3 different groups: people who loved it, people who could stand it / liked the money, and a few who absolutely hated it. I probably would have ended up in the last bucket.

Did my summer internship focused on business strategy with a light blend of strategic finance. I remember one of the bankers I interviewed with politely told me that he thinks I would be a better fit jumping into industry rather than being a coverage banker. I knew the industry really well but struggled with basic technical questions. One of his coworkers is an alum at my school and I remember during one of our coffee chats, I was more curious about the post-deal activities of his clients than the actual deals he worked on.

Also for personal reasons / famly committment - not so much preference, I cannot pull 80-100 hours week if it requires me to be in office. Wouldn't mind pulling those hours for the right role but would need the flexibility to work wherever I want.

 

How am I coping? This is literally the opposite of coping - I'm accepting the reality of my shit situation and I'm being completely honest about my failure of not getting into IB and being in an inferior accounting role.

Coping would be if I said something delusional like 'accounting is actually better than IB and I'm actually happy I didn't get into IB because I'm better off anyway'. - That's coping.

 

What are you thoughts on Einstein? Pretty successful guy, right?

He failed his entrance exams for college.

He failed a physics class in college too. The guy who literally changed physics, failed at physics.

Einstein graduated as the second lowest performing student in his class.

It took Einstein 9 YEARS after graduating from hid PhD program to get a university job. That’s an insanely long time to go from graduation to such a gig. And he pretty much only got that job because a friend of his.



Not everyone has a linear path. Most people don’t. Even some of the most successful people in the history of the world had to finesse their way to where they are

 

If you still want to get into banking, 2 things you could do: 1. lateral in... a bit of a crap shoot, or 2. go to business school ASAP and be laser focused on the banking recruiting process. 

Either way, the chances of anyone entering a junior banking role making it all the way to MD are pretty slim so, in the long-run, a lot of this doesn't matter. 

Good luck!

 

Career isn't the only thing - it's just one facet that adds to prestige and status, which is part of your fullfilment.

I'm going to take anabolic steroids to get better looking which will add to my ego/fullfilment but even though I'm in an above average decent job, I just can't get over the fact that I'm in a prestigious enough role. I literally lie about what I do to my friends and random people who don't know anything about finance to make myself seem more. I'm sick of lying and want to actually achieve something prestigious and an M7 MBA seems like a necessary step to achieve this especially to get into IB in NYC which is more elite than in London.