Seeking advice: non-target with no return offer from BB
I'm a finance major at a non-target school in Asia who just spent a summer in BB IBD that converted less than half of the class and did not extend me a return offer.
Thinking about deferring graduation and applying for summer again (BB apps still open until late Sep). Doubt that there will be a good amount of full-time spots available at other BB/EB and I am still a non-target at the end of the day; I think I may have a better shot if applying for summer again.
At the same time, I'm considering taking GMAT & GRE and applying for 2022 bschool entries; I don't wish to apply for 2021 entries because I plan to defer graduation and the 2021 competition will be extremely competitive thanks to the market conditions.
Seeking advice on how to leverage my BB internship (if not a liability) to further pursue a career in investment banking. Appreciate any comment.
Barclays / JPM HK?
jp converted less than half?
~half
CS/UBS HK?
how large is the entire intern class?
And what happens if you don’t get a return offer next summer either because things get worse? Not worth adjusting your entire life for the small chance you get a FT BB offer.....you got some experience, look to recruit at boutiques (maybe even small buy side firms). No point in dishing out another year of tuition for the possibility of getting a BB offer FT when you missed out on this round. My 2 cents.
Thanks for the advice.
What’s ironic is that BB are pretty much only financial institutions in my region that do not require a Master’s degree, and EB/MM are not very active. So I will need to opt for virtually no name firms if I go out and recruit now..
I re-read your initial post and noticed you said you're in Asia....honestly if you won't be financially stressed by taking an extra year/semester it might be worth it...I'm in Canada so doing an extra year here would not cost the same as the US. Since you're in Asia and a non-target school, depending on your future goals (do you want to move to the US at some point?) it may be better if you take an extra year and go for a BB bank. At the end of the day you know your situation best, but good luck!
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