Hi, I am currently a junior in NYC, and I didn't get an offer from any of the banks I applied to. Is it too late to apply for consulting internships, etc.? Is it hard to get a job after I graduate with no finance experience? Any advice would be appreciated.
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Yes, and yes. FT recruiting is going to be more competitive than ever next year, and you're going to have a very tough time getting in with no finance experience. You can always try to network your way in, but your chances are going to be low.
I'd say look elsewhere for any job you can get, and if you still want to do banking in a few years, go to B-school.
It's not the end of the world. Try and send your resume out to companies that have a finance division or something. The most important thing is to look up and try to get anything for this summer. I'm sure you'll find something dude. BTW to answer your question about getting a job full time with out that much experience; it is not the end of the world and you probably can pull it off.
not impossible. I got a job in Ibanking without any previous banking experience starting this year, which is arguably a harsher environment than will be in 2010. Get the best internship you can at this time and take it from there.
a lot people suggest big 4, corporate finance (amgen, lockheed, whatever) , or boutique investment banks. I am sure at least one bank in NY wants a non-paid intern.
Do many places offer fall internships?
Consider being creative and start your own business. I've passed along this backup idea to my friends in banking and said it would not be a bad alternative if I have no other options.
What kind of business would you suggest?
If you need someone to suggest to you an idea for a startup, odds are slim you will have much success.
I considered the option of just taking the term off and studying for GMAT/CFA had I not landed an internship. Not sure how damaging it would be to have no experience your summer before graduation though.
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