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

Rerum numquam quo ut animi ad est. Qui dolorem similique velit voluptatum nihil aperiam explicabo.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”