Summer Analyst Positions still Available
Dear All
I'm currently a Junior at a semi-target, and I'm in a bit of a predicament. I've had superdays with 3 firms till date, and unfortunately, due to a combination of maybe not being as well prepared as my competition or just being unlucky, I've failed to convert any of them into offers. My uncle started a so called "no name boutique" less than a year ago and I was offered a Intern position at their firm as the one and sole intern. While I realize this is a good opportunity, I would really prefer to work, and hopefully start, my career at an established shop. It seems most BB and MM banks have stopped their SA processes, so I just wanted to ask all you what I should be doing at this point. I want to keep on networking and hustling like a rabid orangutan till I get something, but it doesn't seem like they're are that many SA openings left anywhere. I'm hesitant to take up my uncle's offer since they have yet to do a single transaction, nor have they ever had an intern before. What do you all recommend?
Why don't you try for a more established boutique? If there are no SA positions left at BB and MM and you're looking to go there for FT, I suggest you get something on your resume that shows deal experience. The fact that your uncle's boutique hasn't done a single transaction is really not a good sign. If you find a larger boutique in NY and network during the summer with some people at BB (look them up on LinkedIn), you might have a shot of landing a good role for FT.
A little confused on how he runs a shop without completing transactions?
He founded his shop about 5 months ago, but since then he and his partner haven't really done anything of note. I'm sure it would be fine interning there if I was a freshman or sophomore but I'm not.
Look for boutique, uncle's shop doesn't sound like it'd add much value.
"hustling like a rabid orangutan" -lol
Something is better than nothing ... I would advise preserving the relationship with your uncle and leveraging in anyway you can. Prior to starting his own shop, where was he?
Previously was a senior banker at a BB in Europe pre-crisis. Worked for a large Sovereign Wealth Fund in our home region afterwords (Middle East), till he decided to open his own boutique here in the States.
Yeah... I would lean on your uncle as much as you can. Not saying you wouldn't be successful without him, but you have family already "in the club" ...
After a stint with him, he might be willing to go to bat for you in a meaningful way
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