Non-Target Grad (6 Months Out), Started Advisory Firm... What Are My Chances?

TL;DR:
• 21-year-old non-target grad (finished in 3 years; got interested in IB late).
IB internship + founded my own advisory practice post-grad.
• Sourced my own client and executing full pre-seed fundraising support.
• Took CFA Level I in November (awaiting results).
• VP of Investment Banking Society + President of Economics Honors Society.
• 6 months post-grad, consistent networking but no real traction.
• Currently working with my sourced client because it’s the only functional work I have.
• Applying to IB Analyst roles.

Hi all. I recently graduated in May from a non-target, finishing in 3 years instead of 4. Part of that was financial, and part of it was wanting to move faster academically and professionally. I didn’t get interested in banking until my spring semester of sophomore year. Because of that late start, I pushed hard: became VP of Finance of our Investment Banking Society, President of the Economics Honors Society, and active across multiple campus organizations. Got my SIE in August of 2024 and I also sat for CFA Level I this November and am awaiting the results.

On the experience side, I had a internship at a fractional CFO firm and I completed an IB internship at a LMM boutique firm after the fractional CFO internship. The group at the LMM firm was great, but deal flow was extremely limited during my time there — it was essentially just me and a VP running the show and the firm wasn’t in a position to bring on an analyst. 

A few months after graduating, and with no real traction elsewhere, I founded my own early-stage advisory practice to stay sharp while studying for the CFA. I sourced my own client and am handling a pre-seed fundraising process: operational model, 3-statement model, SAFE modeling, cap table, investor materials, one-pager, management presentation, market research, etc. It’s been valuable hands-on experience, but it’s also the only functional work I’ve had since graduating.

The advisory work I’m doing right now isn’t a large transaction in the traditional IB sense, but it’s made me realize that I genuinely enjoy the actual work. I like taking a model from zero to finished, shaping the story through the numbers and the deck, tightening the materials, and being the person the client relies on to execute correctly. I enjoy the pressure and the responsibility, and it’s reinforced that I want institutional IB experience for the reps, the structure, and the professional rigor.

Now it’s November ~6 months out and despite consistent applications, networking (LinkedIn outreach, cold emails, coffee chats, warm connections), I haven’t generated meaningful traction. I’ve had to expand applications into adjacent finance roles simply to keep forward momentum while IB remains the main goal.

I’m applying for IB Analyst roles because I still want the institutional training and proper deal experience, but I’m trying to understand the realistic odds for someone in my exact position.

My Questions:

What are my realistic chances of breaking into IB 6+ months post-grad, given a late start and non-target background?Does my self-sourced advisory experience help my story or make bankers skeptical?What parts of my story should I emphasize — and what should I avoid?Are MM/boutiques more realistic than EBs at this stage?Any other tips or advice?

Feel free to be direct. Thank you!

1 Comments
 

Voluptas sint harum consequatur quia fugiat ut. Quos accusantium ut commodi nesciunt. Eum nobis alias dolorem repellat. Labore et libero et neque enim nulla.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

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

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
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
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...”