Realizing the Hard Truth
As the days wane and I read as others are filling up seats at these banks for IB, I'm slowly realizing my goal of breaking in and getting that offer is dwindling. I'm starting to consider other options like CF or ER. For those that haven't broken into IB and ended up elsewhere, did you also go through this feeling of "shit ig it not happening" and where did you end up if you don't mind me asking. btw im gonna be a junior in college at a non target
it's tough being a sigma male
I was pretty close to giving up but I just got a IB off cycle internship offer today. I would recommend trying to go Big 4 accounting and transition into IB. Also, even if you don’t get the IB internship. The work you have put into IB recruiting sets you apart from so many other people. You know the technicals, you know how to network and how to talk on the phone, you put a lot of practice into interviewing. I have friends in my junior year that still don’t have a resume or a Linkden. It sucks dawgs but look at it on the bright side.
thanks man. i guess looking at the way you put it is the best to way to look at it.
If it helps, here's my story. Last week, after four years of pursuing IB, I got my first offer from a MM IB. I realized an interest for IB in my junior year of college back in 2017 and I come from a HARD non-target. After graduating, going through my first job (non-IB) where my team essentially dissolved, and then second job in valuation, I finally got the offer.
I've been interviewing every single year since 2018 to break into IB, cold mailed more than 200 professionals, applied to more than 400 finance-related positions. Every year, while I'd be fortunate enough to land 1-2 superdays, I never made the cut. Fast forward to August 2021, I finally got my offer.
The takeaway? It's not over if you don't get a job in IB straight out of grad. If you really want it, you'll get it. Just make each move you make as a small step that you take towards banking.
Wow, I really commend the effort man, great story! I know that it isn't an end-all-be-all type scenario if you don't get an IB offer right out of undergrad but I think the thing that's stressing me out the most is comparing myself to my peers and what they're doing. I just have to be content with my path and realize that I'll be fine wherever I end up and if IB is something I really do wanna pursue, I can always try again later down the line
Ah, I see. I agree that we naturally compare ourselves to others (I'm guilty of having done that and still doing that time to time), but understand that no one is going to be an apples-to-apples comparison. Also, idk if this going to be a new perspective (or if I'm reading/understanding your statement incorrectly), but I was actually never quite "content" or had the thought of "I'll be fine". It's quite the opposite actually, and that's what really drove me to keep staying on this path to IB - I knew I wanted it. I'd be happy to provide any further insight/thoughts on questions you might have. I've been trying to give back to the various communities (e.g., WSO, reddit) in whatever way possible that has supported my progression haha.
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