Feeling Stuck

currently a non-target in my senior year. I’m aware that BB and most MM IB shops are out of the picture since I didn’t get an internship this past summer. Lot of things happened in my life where I didn’t get the chance to recruit competitively for these roles (70% my fault, 30% life circumstances/logistics/timing) Anyway, I did get an internship, but it’s pretty mind numbing and mundane. It’s tangentially related to finance, internal audit, but it’s not mentally stimulating at all. Lots of people would say I’m in a great spot, but I know i’m capable of much more. From the outside looking in I admire how fast paced and interactive IB is and am wondering what advice this forum would give to someone in my situation. I’m applying for FT roles, be as brutally honest as possible.

3 Comments
 

Based on the most helpful WSO content, here are some actionable steps and advice for someone in your situation:

Networking

  • Leverage LinkedIn: Join the WSO LinkedIn group where there's a discussion with people willing to connect with others. Networking is crucial, especially from a non-target school.
  • Reach Out: Use WSO search to contact as many IB firms as possible. Focus on boutiques and smaller firms where you might have a better chance.
  • Alumni Network: Connect with alumni from your school who are in the finance industry. They can provide valuable insights and possibly referrals.

Skill Enhancement

  • Online Courses: Continue taking online courses to brush up on your finance and modeling skills. This will make you more competitive for FT roles.
  • Certifications: Consider certifications like CFA or FMVA to bolster your resume and show your commitment to the field.

Application Strategy

  • Target Smaller Firms: While BB and most MM IB shops might be out of reach, focus on smaller firms and boutiques. They often have less rigid recruiting processes.
  • Tailor Your Resume: Highlight any relevant experience, even if it's tangentially related to finance. Emphasize your GPA and any leadership roles or projects.

Mindset and Persistence

  • Stay Positive: Understand that the process is not one-dimensional. Many have faced similar challenges and succeeded by being persistent and adaptable.
  • Be Proactive: Don't wait for opportunities to come to you. Actively seek them out and be prepared to seize them when they arise.

Additional Resources

  • WSO Forums: Regularly check the WSO forums for advice and updates on job openings. Engage with the community to stay informed and motivated.
  • Guide for Investment Banking Full-Time Recruiting: Refer to the guide available on WSO for detailed strategies on full-time recruiting.

By following these steps, you can improve your chances of breaking into investment banking despite the challenges. Stay focused, keep networking, and continuously improve your skills.

Sources: Non-Target to MM IB: My Advice, Guide for Investment Banking Full-Time Recruiting, Networking 101 – 8 tips from a “non-target” school student, Non-Target to MM IB: My Advice, Advice on career and the switch into investment banking

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Same boat man. Best advice I've gotten is just to keep networking, keep your nose to the ground, and understand it's a long game. Best of luck in the FT process.

 

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