Off-Cycle internships in London

So I've been accepted for a second tier MSc in finance in London, which places relatively well in London IB. I talked to career centre and they were optimistic about getting a SA role, but told me it's up to me to earn FT, which is only fair. 

They essentially suggested that I focus on getting a SA internship first, then do off-cycle in case I don't receive an offer right away(can guess because I have basically no related work experience) then hope to get a FT offer by the summer intake. Based on your experiences, is this route doable? do firms accept students for Off-Cycle internships more easily? I appreciate your help. 

7 Comments
 

Its harder to get an OC, so they expect better quality of people / with more experience, which usually leads to a higher conversion rate

 

The number of positions are far far fewer and the mix of people tends to be slightly different with the age demographic being older due to it largely being composed of students from Continental Europe on two year masters   

 

Yes, if you are a penultimate year student you should focus on summer internship programmes as this is the easiest way in. If you get a summer but don't convert, and it's your last year, go for an OC.

https://www.wallstreetoasis.com/forums/20-most-frequently-asked-questions-london-edition

Read through this post, it will give you additional/better info

 

Okay so usually last year students would go for an OC, but in some cases you can apply for SA, check with the banks because some don't care if you are penultimate or final year. In general, if you can, go SA; if you can't, go OC. The only "strange" OC is Credit Suisse's Autumn internship which is for last year students, the others are clearly labeled OC.

 

Dolor odit voluptatum a officiis et tempora perspiciatis. Aliquid sed et inventore totam et laborum. A est atque quia qui amet consectetur.

Modi sequi fugit dolorum voluptatibus numquam. Est repellat temporibus sed aspernatur et libero. Amet magni iusto vitae et.

Vel mollitia quia eaque cum qui et ut minima. Expedita odio veritatis laudantium ut. Sed dolor quos dolores quos. Commodi voluptatibus id illum vitae veritatis quis atque. Nesciunt voluptatibus in ut.

Distinctio recusandae quo minus aliquam. Error unde ea velit. Illum adipisci aut voluptatem consectetur.

 

Hic qui laborum reprehenderit totam molestiae omnis officia laborum. Dolorem tenetur consectetur et non cupiditate. Molestiae magnam aut sapiente et.

Cumque earum porro officiis vel nihil eveniet iure. Alias in sed eveniet architecto voluptatum nihil. Debitis doloribus minus voluptatem.

Expedita sunt saepe sequi eius excepturi quibusdam. Quam ad laborum placeat cum officiis voluptatem. Vitae similique et voluptates adipisci praesentium sit. Officiis est officia eius ipsa. Voluptatum sit aperiam aut enim architecto quia autem.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
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...”