Hello everyone,
After a robust recruiting season, I am left with no SA offers and am feeling desperate. I am certain that I want to start my career in the investment banking or S&T space but am just having a difficult time moving through interviews (at finals rounds especially). I am going to work intensively on that till full time recruit comes around but I can't help feeling very concerned. So, I'm certain I'm not the only one but do feel very much alone. If you're in my situation (or similar), what are your plans for the summer? If you've been in my position and received a FT offer, what did you do that helped ( ie. a study program, reading more, just practice more interviews)?
Thanks in advance.
I haven't been in your shoes, but the people I know who have been have always gone boutique or middle market. Those banks are still recruiting, and you just need to reach out to them. Oh, and call alumni and friends who have jobs. An alumni of my school told me about his experience where the same thing happened, and he has a FT position.
If you go to Boutique or MM for SA, are you in a good position for BB FT (if you got decent but not stellar work experience)?
If you want to go S&T FT recruiting, is a small HF SA a good start?
I was recently in an interview where the interviewer told me to NEVER start my career at a small place (or avoid it as much as possible) since BB's look down on them and you'll have an almost impossible chance to get into BB's later. How true is that?
Probably fairly true, but seeing as how you've struck out everywhere, try to find a MM or boutique that will pick you up. Direct experience is more important, and it could help you get a very decent job down the line
Yeah, a MM or Boutique firm over the summer to a BB works a lot of the time. I have a friend who SA at Houlihan Lokey and FT at CS. For sales and trading, it's all up in the air. I have no idea how their FT recruiting works out, since I think all of their recruiting is from SA's or lateral hires.
Houlihan is still pretty hard to get into. You can't really just email HR and ask for an interview. I feel like it's that time of year where you have to go the random boutique route. Are those just mentioned, Jefferies etc., really still recruiting? Feel like they would be done
Actually, I e-mailed a random guy who got back to me. I spoke to him for about 20 minutes on the phone, and sent him my resume with my thank you. I received an e-mail for a phone interview the same day.
Something is better than nothing. At the boutique you might get more actual experience because of the close knit nature of the shop. You go to a big firm and might not do anything relevant. Either way related experience, large or small, is better than nothing at all.
Anyone have a clue which MM or Boutiques are still recruiting? And the best way to apply?
I think you should worry more about getting a SINGLE offer before you write off anything that isn't BB.
who;s still recruiting? believe Houlihan, Piper, FBR, Jefferies, Baird, and a few others. Look for alumni at these firms first, and send them an e-mail as many people you can at the firm. If they like you enough or think you'd be a good fit, they'll submit your resume to HR and have an interview set up. For their, it's all you.
Sent out over 100 emails/resumes to HF's, mutual funds, research firms, and PWM/PB over the past week. I did all the BB's back in December and got nothing, one even rejected me before I finished the application. I didn't realize being a non-target sophomore would be this tough to break in. My network keeps getting bigger but still looking for just one offer.
FXTrading, did you receive interview invitations?
Keep trying, at least you're a sophomore. Btw, last year when I sent out resumes I had extreme difficulty even getting an interview but this recruiting season I've gotten a ton. I did fix my resume so if you want, I wouldn't mind taking a look at your resume.
Best of luck!
I have gotten a lot of, "we are too small, too broke, too late in the year, too young" to take on any interns. I have the ones who say that they only take juniors and up saved in my inbox because they will be getting another email from me around September of next year. The good news is, is that I have a full time job at a construction company, but I don't plan on being a plumber the rest of my life. I'll forward you my resume once I get out of class.
Bankingrox: Did you get interview invitations by cold-calling and/or emailing boutiques? My situation is lots of places told me they have no opening. Not sure if it's true or they're just being nice to me (since I'm from completely non-target) :'(
I got to Semi target. Everything is either OCR or through contacts that I've made from Alumni database. The problem with a random boutique is that you might get a good experience or you might get a bad experience..sort of risky. Yes, if it's the only thing left, then it's only thing left.
Yea that's what I was saying - I'm not certain any of the solid banks are still looking for interns...
same position as the OP interview tomorrow for consulting... will be pissed if I dont get it
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