What happens to Undergrads who fail to secure an internship?

As we all know, **Investment Banking is a highly competitive industry to get into. **Not everybody goes to Wharton or Harvard Level Ivy Leagues, for most of us we'll probably go to a University of California Berkeley/USC/Duke/Notre Dame/Brown University type of ranking school, which is nothing to be ashamed of. Top firms such as Centerview and Lazard are filled with people from Ivy Leagues who secured a job after interning at an investment bank their sophomore years.

Now the question is, to those who have majored in Economics/Accounting/Finance/Business Econ or anything similar, what do you do if you FAIL to secure an internship your Junior Year. I'm talking about even failing to get an unpaid internship at a Wealth Management Firm. The facts are that there are more applicants than spots, at even the lowest investment banks, and those aren't even a guarantee to get in.

So what do you do if you are in that position?

1. -Let's say Investment Banking was your goal from day 1, and you chose your major because you wanted to be an analyst. 2. -You were in the finance club at your school, (I've spoken to someone at a top investment bank that they don't have the resources to train somebody from the ground up, and they want someone with investment banking experience beforehand, and they'll teach you the rest.) even though this isn't sufficient enough in the experience department for top investment banks. 3. -You failed to secure any interviews or internships, in your junior year, (Although you go to a top university.)

The facts are that this is a competitive field, and there are many candidates who have already had experience from their sophomore years, got family connections, or go to a Harvard/Wharton and already have offers. For those of us who aren't as lucky, what do you do?

Thanks.

9 Comments
 

Absolutely, username checks out. What do you do if you havent eaten in 3 days and you have been unsuccessful in catching any fish? You KEEP FUCKING FISHING. If you really want it, there is no option but to keep trying and applying, every day, until you can safely say that youve reached out to every single boutique/MM/BB and every location across the US. Still no dice? Hope you're ready to move to Canada.

 

They work their tail off to find a job and hopefully find something that is in line with what they wanted. Then they continue to work at getting their dream job.

Only two sources I trust, Glenn Beck and singing woodland creatures.
 

Architecto ad voluptatum tempore omnis alias. Perferendis ipsam totam provident maxime. Soluta quae earum repellendus molestiae eum accusamus. Fugiat voluptatibus ipsum sint necessitatibus voluptatibus.

Laboriosam dolor adipisci nihil repellendus a dignissimos unde voluptatem. Iure vitae perspiciatis non et alias quas. Aut ab omnis nobis dicta molestiae officiis quod molestias. Est iste est distinctio et voluptas sapiente facilis. Et ratione quasi tenetur modi aut velit iste nemo. Maxime eum quisquam repudiandae dolor accusamus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”