Hey guys,
As we near the end of the recruiting cycle for lots of top banks, I find myself at a standstill as all the potential opportunities and superdays I've had have come back negative, and now, I'm essentially in the footsteps of someone who hadn't even had those experiences at all. Sure, I may have gotten some invaluable practice having been exposed to the direct pressure of the recruitment process, but now I feel so burnt out as I'm sure many of you all similarly feel, and wonder what else is next.
A little about me, I'm a Finance major in a target school, and have tried to take the most advantage of OCR. I've sent hundreds of e-mails, leveraged some to acquire relationships, but now, there's nothing in store for me. I honestly wonder - for those of you in a similar position, or those of you who have conquered similar situations, what is next? Is there a new cycle going on right now? Should I start looking other ways? Is there some other form of prep I can utilize now to get a foot in the door for FT recruitment? I have hardly any finance experience beyond finance club involvement and coursework.
I really hate coming to this forum for pity or advice, but at this point, I'm really, really beat down and at a loss of momentum. I had that grind within me when OCR dates were within comfortable reach, but now, the speed of recruitment has died down, and there's nothing in my hands.
Thanks all.
Are u a junior?
Yup. Current Junior stacked up with a ton of Finance coursework this semester. 3.84 GPA, non-diversity.
You should be able to get something at a target with that kind of GPA. Cast a wider net and don't be afraid of middle market stuff.
Go into tech. Finance isnt as sweet as it used to be.
As a junior it's too late to pivot and go into tech, no? Many engineers at target schools have been coding for 10+ years at this point, just too much competition.
if you are at a target, go for a boutique. you still have a lot of time to get a decent internship. now is not the time to give up
Don't give up – you have so much you can still do. Reevaluate everything you've done thus far, where your mistakes have been, and keep shooting – have people look over your resume, practice your interviewing skills, and just keep going. Your background sounds great, and if your lack of finance real-world experience is what's hurting you, look for any opportunity to leverage everything else you've done towards that coveted position. You really never know what's around the next corner. Best of luck.
I'm not in IB, but I have 3-5 friends who were in your situation at a semi-target (struck out on all big name SA positions) and still ended up with a mid tier BB FT offer
Go for boutiques as mentioned above, as well as anything that plays to finance (a business analyst role at Capital One might not be the best parallel to IB but its better than nothing)
At the end of the day, you're at a target school, which means you have another year to stack up better against the other kids at your school for OCR- continue to try and build connections (use linkedIn too)
If you constantly work at it you'll end with an alright internship for junior year and a foot in the door for FT recruiting
Look at other finance jobs that have transferable skills.
See if you can find an internship in corporate or commercial banking, valuation, or perhaps something on the corporate finance side. Then network before fall recruiting and go for IBD again. Also network with boutiques, their cycle is less defined. It’s not the end of the world not having an IBD internship junior year, it certainly makes things harder but you can still win offers.
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