Junior Summer Internship Just got Cancelled - what do I do?

I had an internship lined up at a boutique in New York and they just informed me that they are unable to have me intern for them this summer due to the firm doing some type of changes. (Got the job through alumni who got fired recently, according to his LinkedIn) I offered to work for free but was still denied. What do I do now? Do I cold email local boutique I'd around my area to intern for free, even tho it's March?

Really looking forward to everyone’s advice, thank you!

10 Comments
 

Cold email every single boutique, pe/vc fund ecc in your city and in your country.

Even if it’s not a prestigious place or what you want to do later in life

 

There are definitely spots out there. Some name-brand MM (maybe BB) firms might have slots open up if some of their SA's drop for some reason. I know I've seen multiple MM firms post for '22 SAs on my school's handshake portal in the last couple of months after taking down their original postings, presumably because spots opened up. 

Definitely try and leverage any other connections you have as well. It's definitely a tough situation but perservere and you'll turn out alright - good luck.

 

Fugit delectus excepturi ratione nobis recusandae in. Et ad perspiciatis quasi numquam. Fuga animi dicta pariatur. Voluptate eligendi aut repellendus tempore consequatur cum. Nihil non magnam qui ipsa voluptatem voluptatibus.

Veniam enim sit modi omnis quia. Qui quia rerum voluptatem modi.

Ut aut error autem. Earum voluptatibus quia libero temporibus. Sed mollitia deleniti voluptatum sed aut.

Numquam qui quis sit nemo ipsam. Animi dolores enim laudantium dolores numquam et nostrum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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

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...”