Got rejected after a superday for JPM IBD summer analyst. I talked to an MD who interviewed me and apparently I was super close to the cutoff and was one of the last people to be cut. Got rejected at various stages at every other BB/EB and the only offer I got was at tier3 UK MM (Numis/peel hunt/ investec). I guess I'm now just going to have a mediocre life thinking of how close I was to a different trajectory if the jp interview went slightly differently
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Your life will be very, very similar to that JPM analyst’s. And lateraling isn’t that hard.
Dang it man, you were this close to be a successful multi millionaire PE shop founder... oh well. 9-6 is nice too at Deloitte.
In all seriousness, this isn’t the end man, just the beginning. There’s a lot of opportunities out there just gotta work even harder to get them
Don't give up now, that's a self fulfilling prophecy. Just kill it and lateral out. You will not believe how many high end BBs/EBs are looking for laterals...lots of analyst turnover. Maybe you have to do an extra few months / 1 year to be able to then re-recruit into PE (if that's what you want). At the end of the day, 10-15 years from now, when you're soaking it in you'll realize in hindsight how insignificant one year was in the longevity of things
Exact same situation for me 5 years ago. Went in to my "second class" role in commercial banking with a shitty attitude, spent half my time looking for IBD opps and anxiously starting WSO posts about what I can do.
Ended up dropping out after a year, going travelling, and eventually finding something that interests me but had to restart from square one in 2019. Meanwhile all my cohort (and even people I graduated with who did non finance roles) are way ahead of me and in a wide variety of pretty good careers including BB IB.
Every year I realise more and more that grad roles are far less important than how one performs in them.
Requires a lot of humility to share a perspective like this, even on an anonymous forum. Hope more people see this. Stay scrappy and hungry no matter where you guys end up. Life success for the average person is determined by preparedness, adaptability, and most consequentially, random luck.
You could always reapply for summers next year and say you are doing your Masters. Many people do this and quite a few will 'upgrade' banks.
I wouldn't worry mate, lateralling to another shop is very possible from the firms you mention. Just got to make sure you're a top performing analyst and demonstrate that in any interviews with banks down the line.
You'll get paid just as well at the MM firm, have a slightly better work-life balance, and still be able to lateral. Your first job is not going to define your career.
Also assuming you mean Investec rather than Invesco?
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