Depressed and looking for advice during FT recruiting

First off, let me say this: you’re not alone, and there’s absolutely hope. FT recruiting can be brutal, and it’s even harder when you’re dealing with mental health challenges. But there’s a path forward, and you can absolutely get back on track. Let’s break this down step by step:

1. Take Care of Your Mental Health First

• It’s clear that this summer took a toll on you, and that’s okay to acknowledge. Banking is notorious for its intensity, and many people have had similar experiences. The fact that you’re on SSRIs and seeking help is a huge step in the right direction. Keep prioritizing your mental health—whether that’s therapy, medication, or just taking time to breathe. You can’t perform at your best if you’re not in a good place mentally.

2. Address the No Return Offer Situation

• Not having a return offer doesn’t mean the end of the road. Many people have successfully landed FT roles without one. However, you’ll need to craft a strong narrative for interviews. Focus on:
  • What you learned during your internship.
  • How you grew from the experience, even if it was tough.
  • A positive spin on why you’re looking elsewhere (e.g., “I’m seeking a role that aligns better with my long-term goals”).
• Avoid badmouthing your previous firm, even if they treated you poorly. Keep it professional.

3. Reignite Your Job Search

• Networking: Start reaching out to alumni, former colleagues, and anyone in your network. Be honest but professional about your situation. For example:
  • “I had a challenging summer but learned a lot and am now looking for a role where I can contribute and grow.”
• Cold Emails: If your network feels limited, cold emailing is your next best bet. Target first-year analysts and associates—they’re often more approachable than senior bankers.
• Leverage WSO Resources: Use the WSO Company Database, resume reviews, and mock interviews to sharpen your approach.

4. Focus on Smaller Firms and Lateral Opportunities

• While BBs and EBs may have wrapped up most of their FT recruiting, smaller firms, regional boutiques, and specialized shops often hire on a rolling basis. These firms can be great stepping stones and may offer a healthier work environment.
• Keep an eye on lateral hiring opportunities. Many firms hire off-cycle to fill gaps, especially as analysts leave for PE or other roles.

5. Prepare for Interviews

• Even if you’re feeling down, preparation is key. Focus on:
  • Behavioral Questions: Be ready to explain your summer experience in a way that highlights resilience and growth.
  • Technical Questions: Brush up on your technical skills using resources like the WSO IB Prep Pack.
• Practice with friends, mentors, or through mock interviews to rebuild your confidence.

6. Give Yourself Grace

• It’s easy to feel disgusted with yourself when things don’t go as planned, but remember: your worth isn’t tied to a job offer. You’ve already achieved so much by getting into a target school and landing that internship. This is just a bump in the road, not the end of the journey.

7. Consider Alternative Paths

• If banking feels like too much right now, it’s okay to explore other options. Consulting, corporate finance, or even a short-term role in a different industry can give you time to regroup while still building valuable experience.

8. Lean on Support Systems

• Even if it’s hard to explain your situation to friends and family, try to open up to someone you trust. You don’t have to go through this alone. Online communities like WSO can also be a great source of support and advice.

Final Thoughts

This is a tough moment, but it’s not permanent. Many people in finance have faced setbacks and come out stronger. Keep pushing forward, one step at a time, and don’t hesitate to ask for help when you need it. You’ve got this.

Sources: What will FT Recruiting look like this year?, How to Navigate FT Recruiting: Learn from My Successes/Failures, Depressed from recruiting, Q&A: I just conducted interviews in 4 Superdays