Off-cycle competitiveness

Hi,

How does the competitiveness of Off-Cycle internships in IBD compare to summer internships in the UK?

I am going into a masters in September and was considering wether I should apply for summer or off-cycle internships. So far, all the banks i've contacted have stated given I graduate Summer 2018, I am not eligible for a summer 2018 internship and should apply for the off-cycle route.

My second question is how would I fare against the competition? My profile is: - Accounting and Finance at a target (graduated 2016) - Masters (non-finance) at a target during the 2017-18 academic year - MO internship at J.P. Morgan during my UG - 2 Start-ups I've worked for since graduating in 2016 - Managed to secure a short 2-4 week internship at an independent corporate finance advisory firm this summer - who do transactions around the £5-30m range.

My major worry here is that many off-cycle applicants may have BB IBD summer internships, making it tough for me.