Dinged - ideas now?

Dinged - what now?

I'm a first year MBA at NYU, I had a decent recruiting season this year - I only recruited for Sales & Trading. I received first round interviews at most of the bulge bracket banks, and made it to the second round at two of them. After the second round interview i got told the same thing 'our class is 1/3 the size it was 2 years ago, we just can't hire that many people' - so ding.

So - I'm an MBA and I made the second round at Citi and DB, and have a very strong interest in the markets. Can anyone recommend a recruiting strategy for me now for summer internship?

I'm fine doing a capital raising position at a small hedge fund, although I'd be a little more inclined toward the quantitative - be it making VB macros, research, news filtering, strategy backtesting. I have a pitchbook of some trade ideas too (1 for each area, stat arb, global macro, long/short).

2 Comments
 
Best Response

First things first, clear your head and grab a beer. I can understand the stress.

Once you've mellowed a bit, let's start to talk about next steps. Recruiting at BB is essentially over for the year. It's possible some group somewhere is still interviewing, but for the most part you're not going to enter the process this late in the game. So what to do?

Don't give up. There are way more jobs out there for finance MBAs than just the BB. Talk to your career center and hit up some alumni who are at MM or boutique firms. You will find something. You will have to hustle. Will you work for free? I wouldn't offer that to anybody - yet - but think about it in case a dream (but unpaid) job presents itself.

Start spending Fridays networking with all the other banks.

Are you a career switcher?

 

Maxime quod culpa molestias qui impedit vel labore voluptatem. Expedita excepturi sed ut necessitatibus reprehenderit ipsam asperiores. Laborum cupiditate et consequatur quis aut debitis. Qui fugit similique id odit in sequi. Ab dignissimos sint recusandae voluptatum. Omnis labore consequatur adipisci maxime suscipit autem unde. Unde quasi quae cum quibusdam.

Est ad magnam necessitatibus autem et. Et commodi adipisci tempora laboriosam dignissimos. In dolores illo voluptatem. Ut consectetur illo officia esse eius consectetur repellendus. Sunt nesciunt id neque dolorem illo esse praesentium.

Vel illum placeat cum aut est. Molestiae perferendis odit aut possimus. Minus id iste sint non sapiente cumque. Neque ut quasi doloremque repellendus omnis omnis.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
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...”