Yes, you're probably screwed for an SA position, but what can't hurt you is to start cold-calling/emailing boutiques. Very small ones, even outside NYC (refer to the Boutique/Regional Banks topic). Call every one, and offer to work for them, for free if necessary. Depends on how much you want it. The worst thing that happens is that your situation doesn't change, the best is you find an opportunity, whether it be one of the SA's leaving, etc. and you get it. Do it quickly, though.

 
Alphaholic:
and offer to work for them, for free if necessary.
I've heard thats a huge no-no. I asked an associate whos on the "recruiting team" for a bb on wallstreet about working for free and basically what he said: Who wants to hire someone whos wants to work for nothing and theres hr problems with hiring an intern for free.

but after i read this who the F knows

calico:
But a couple times the banks have thought I was looking for this summer and suggested that they would be interested in taking on a unpaid intern.
 

Not sure if this would be helpful to you. I've been talking to a few banks regarding next summer. But a couple times the banks have thought I was looking for this summer and suggested that they would be interested in taking on a unpaid intern.

 

I can't comment on whether it would be a good idea. Below is an email excerpt from one of the banks. This was the only thing I could find off hand. It's from HR, so maybe it doesn't mean much:

"Unfortunately recruitment for the 2008 Analyst and Associate Summer Programs has already closed; however if you were interested in an unpaid internship I would be happy to see if any managers would be able to accommodate you..."

 

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