Are there any 2013 graduates still looking for a FT?
Hey guys,
I graduated in May, and I currently work at a small boutique as an intern, but I am feeling pretty stressed out and discouraged as I feel like I am the only one struggling find a full time job offer.
Are there anyone like me are still looking for FT job? and if you guys have advice on how to land off-cycle FT, I would really appreciate it!
Thank you
No offense, but you really don't seem to deserve to be in this industry, at least in my opinion. You went to a target (UMich), yet only managed one (BS) PWM internship during your undergrad years, had a 3.1 GPA, have typo/grammatical errors on your resume (saw your old post) and overall just seem like a very below average candidate. Your best bet seems in my opinion is to start your career somewhere and aim for a top 15-20 b-school, and do banking as an associate.
If you really want to pursue this as an analyst, you'll need to do it all at the risk of making some huge sacrifices, which may mean you stay at your unpaid boutique for 6+ months while networking very aggressively, among other things you can/should do. If you refuse to do this, maybe it's not meant to be.
NOTE: I'm in the same situation as you; graduated with a 3.6+ from non-target, more than one business/econ major, 2 IB and one BB BO internships, leadership positions all over campus, recommendations everywhere -> only to intern at a boutique getting paid peanuts.
I'd suppose that that means that you don't "deserve" it either. Get real. "Deserving" it has little to do with it. People on sites like this one become delusional. They read stories about top schools and job and convince themselves that if they get into a "Top 5" "Top this" "Top that" school, that everything will be fine. Reality is the most of them aren't going to make it into the schools let alone get those types of jobs/salaries. I was smart enough to realize that BEFORE going to school, so I worked my @ss off to make things happen instead of thinking that I'd be on Easy Street.
I'm not sure why you are taking jabs at OP. not everyone go into college thinking bb ibd or bust.
I also see you giving another op advice on lateraling to a bigger shop as an associate. Any industry veteran will tell you moving as a third year to a bb or even mm will often result in a repeat of 3rd year before associate promotion.
I'd kill for an internship at a boutique right now. I just graduated from a non-target and have zero leads. Been traveling all over the country meeting with alumni and networking as best I can. That's pretty much all you can do. With your internship, you should be able to leverage that into something more long-term if you do some networking.
Nope, you are the only one.................................................
Hey thank you for your honest opinion. I do agree with you on that I am not the most well-qualified candidate in many ways right now. However, I am working very hard to fix my problems and trying to build necessary qualities to become successful in this industry. So although I appreciate your advice, I have to disagree you about how I don't deserve to be in this industry. Thank you though.
You really think you are the only one struggling? Stop being lazy, stop making excuses. You are in a pretty good position, network and do all you can for a FT job
worst thing you could do right now is to only focus on looking for IB jobs...
I wish I was in your position..
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I'm in the same boat, but unlike you, I didn't graduate from a semi-/target (not to play that card, but UMich is a prime place).
Be glad you have at least some working experience now; stay at the internship as long as possible and rack up the experience. You should also be talking to as many people as you can.
Props to you for taking what almost everyone on these boards would see as an excuse to flame the person and instead being objective and taking it in stride as honest feedback. That right there is at least one quality that will help you going forward.
Also I agree that I wouldn't be focussing on trying to BB IBD positions now is a waste of time. The recruiting is over for the most part (except for one-off instances) and most places either have started / are about to start training so focussing attention and energy there is 98% going to be met with failure. I'd focus instead on looking for IBD/ER jobs at other banks that are looking to fill positions not part of the annual analyst cycle primarily so that you can make the transition later on. This has been done (depending on the group/shop) and will still allow you to work and gain skills (and support yourself) before making the transition over. Just food for thought.
I was in a similar boat a few months ago - attend a non-target school and didn't land anything. I kept networking and setting up meetings with almost everyone I found via linkedin and other means. Ended up with an IBD FT position at a top MM Global Investment Bank. So my advice is to network as much as possible.
2013 graduate? Heck I'm a 2012 graduate that has had a hard time. I even offered unpaid internships and couldn't get anything.
Although to make matters worse, I'm a computer science major from a non target.
dude, vast majority of grads can't find jobs. be lucky you have an internship at least. I know many kids from top schools that graduate with no job and tons of student debt
You must be referring to me. I never said I deserved an IB job; in fact no one (should) be entitled to it. I wanted to give the OP a harsh reality of the truth - a 3.1 GPA from a school with very strong recruiting and had only one internship (PWM) before graduating, among many other factors, doesn't make him a very strong candidate for an IB job. If he has some personal issues (family problems, financial aid, disability, etc.) he might have some legitimate excuses - I'd have some more sympathy but he didnt say he had any.
Also take into account that he's kind of all over the place... OP: why do you want to do banking? Did you just 'recently' get interested? Your old posts show you interviewed for some solid middle office positions.What do you really want to do? If banking's what you REALLY want, you need to narrow your focus a bit more. Situations like this remind me of kids who have no idea what IB is and tell people they want to be an investment banker, only to later give up and say they want to work in 'finance'. My 2 cents
I hate reading stories like this man, I feel like you haven't done your research at all. If I were you, I would look into doing ANYTHING. You gotta try consulting, Fortune500, ANYTHING. I have an Associate that's doing a summer with me at my BB who went to Tuck after working at US Trust for 4 years. Look forward, not backward man. Try to get something lined up to make yourself a good candidate for business school.
I also know a guy who's summering with us that did 4 years of community service through Peace Corps and now he's at Columbia, so you don't even have to step into an office LOL
Here's a little bit of perspective for you.
I graduated in 2012 and couldn't get a full-time offer at a top tier bank. The only offers I had were for temp-to-hire positions at boutiques and management consulting firms. I thought life sucked. I felt like shit because it seemed as if I was the only graduate from my (target) school that didn't have a great offer at a BB/PE/HF/algo firm.
A year later, I transferred into what most people on this board would consider a total pussy industry - public relations. I told myself - hey, I'm a smart kid who worked at a decently good consulting firm, did a ton of impressive internships in college, and ran freelance firms since I was a high schooler. Surely I could get an entry-level assistant position in public relations, no problem.
The horrible thing about the PR industry? In order to get an "entry-level" position, you need 1-2 years of experience. In order to be an "intern" at a top-tier PR firm, you need 1 year of experience.
It takes a world of hurt and hustling in order to become an intern at a PR firm. I learned this the hard way.
Point of the story? 1) Be glad you're not in an industry where an unpaid "intern" position is as hard to get into as an entry-level position. 2) Everyone needs to pay their dues in some way, shape, or form. Since you didn't pay them in college (via internships), you're going to have to pay them as a post-grad at a boutique firm. Since I didn't pay my dues in college, I ended up working as an intern for $10/hr at a firm for 6 months before I got boosted up to an assistant position (the hierarchical equivalent of an IB analyst).
Hey, aren't you a corporate strategy analyst? WSO Certified.
I missed the boat on FT recruiting as well. I couldnt land a gig in IB at a boutique "unpaid" mind you for the last 6 months. although I got a offer I realized it would only be a part time thing as they only would need me 20/30 hours a week. Since I decided to go into recruiting for this next year I have been networking my dick off on linked in and going over technicals all day... (not joking) Since then I have had 15 calls with individuals in the industry and 4 have fwd my resume as MM firms because they have a opening. Heard back from one today (think D&P, Lincoln, Baird) Keep grinding. Im from a "semi" target. If you grind hard enough and are smart eventually you will find something. Id agree with the above posts. You cant "kinda want it" you gota be willing to do anything to get that spot. Today I took 2 informationals and missed the parade for the stanley cup. Yeah fucking been a fan since I was 8 and missed it. 0 fucks gota be given. 1 goal.
^I meant that I couldnt land the internship in IB at a boutique until 6/7 months ago. Since then ive worked basically unpaid.
sucks man...same boat here too...i still feel you are in a better position - at least you have a JOB to keep you busy while networking...i don't have sh*** in addition to being an intl student from a non target (uphill battle).
just keep grinding man! thats all i can say.
in this economy, it is pretty hard to get an entry level, salaried job that pays 55k+ starting out, as a recent grad with limited job experience especially if you are not an engineering or CS major. basically, being a liberal arts major with mediocre gpa and weak internship experience is the kiss of death in this economy. on this site, people treat any non-high finance job as somewhat undesirable, but the truth of matter is, the vast majority of recent college grads would kill to get a job at a BB back office role. i know kids from my college who couldn't get a job for a year after graduation, and ended up at horrible jobs, such as 'sales' or 'marketing' (selling used cars, selling insurance, sellling stocks for commisions pay only, etc)
what i am trying to say is, if you can get a top job offer straight out of college, great. but if you can't, don't dwell on just 2-3 most covetted industries. broaden your job search and just do whatever it takes to land something decent man. now is not the time to be picky with jobs. remember, the longer you are unemployed, the harder it is to get any job.
best of luck, though.
Still looking, just talking to people in the meantime.
It's tough out there. Good luck, fellow monkeys.
This topic is slightly helping me make it through unemployment.
How's everyone holding up?
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