No Return Offer - Advice Moving Forward?

Devastated. I’m pretty shocked that I didn’t receive a return offer from my top MM. Throughout the summer, I received great feedback from the analysts and associates I worked with, felt like I got along well with everyone, and was never given any indication that I wasn’t in good standing for an offer.

The feedback they gave me at the end was very limited and focused on a minor "mistake" from when I first hit the desk—something I corrected and never thought twice about afterward. This was also completely different from my mid-summer feedback, which was very positive, so the decision still doesn’t make much sense to me. Group did have a 50% cut. 

I didn’t love the group I was placed in and was already re-recruiting for other opportunities. However, since telling those firms that I didn’t receive a return offer, it seems like most of those opportunities are not in play. 

Regardless, I know 100% that I want a career in IB, so I’m trying to put this behind me and figure out the best way forward. If anyone has been in a similar situation and successfully re-recruited, I’d really appreciate hearing about your experience and any advice.

1 Comments
 
Most Helpful

Est et ut expedita et. Cum qui dolor et ipsam beatae saepe. A maiores quisquam sint autem amet aut. Delectus expedita sequi et.

Aspernatur explicabo et et odio facilis voluptate. Temporibus rem necessitatibus aperiam necessitatibus. Et in blanditiis sed. Illo doloribus est autem molestias iusto. Amet veritatis laudantium sit assumenda ullam est eaque.

Quae enim laudantium laboriosam. Illo iste animi repellat eos. Aut in blanditiis quam. Praesentium vitae animi laudantium et voluptatum.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

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

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”