Help! Unexperienced Rising Junior In Target School [Seeking Advice]

As mentioned, I am currently a rising junior that just got transfer acceptance into a target school in the east coast. I was from a CC and didn't spend much of my time looking for internships and work experience. I am interested in going into the IB field but I have no prior work experience right now. What would you suggest I do given the current situation of the pandemic and hiring.

I would also like to ask, now being in target, how should I approach networking? What experience have you had approaching recruitment in the beginning? And should I consider taking a deferred term/academic year to maintain my status as a junior?

I have taken the opportunity during stay home to learn job skills like Excel, financial statement, LBO modeling. Its nothing amazing but anything else I should work on?

Thanks in advance.

P.S. Would be truly grateful if you could link me up with anyone hiring too! thank you so much

 
Most Helpful

I’m gonna get this outta the way first. Tbh if you’re a rising junior trying to get a summer analyst offer for next summer it might be a bit late for most banks. But, still try to reach out to alumni (or non-alumni, honestly doesn’t matter) in the industry you can find. Go on linkedin, find people that you think can help you and just cold email them, and ask if they’re down for a chat. 10 emails per day should be the minimum at this stage. In the meantime, apply to anything you can find that’s still open. If it gets to mid-July and still nothing’s working out, look for positions at regional offices or APAC regions if you’re open- they typically have later recruiting timelines. If still, nothing works, maybe consider delaying grad to maintain your junior status. And then get a job at a smaller firm this year so you can have a better chance for recruiting next year. Keep at it, my mentality is always that everything’s possible if you work smart and hard enough. Just ask yourself how bad you want it.

 

I would echo a good amount of what’s above. It will be extremely challenging to get an internship at a BB/EB next summer at this point in the game. I think you should try and get relevant work experience this summer (it will be tough, but if you reach out to smaller shops near your house you can probably at least find something unpaid). I would then shoot for a fall internship at a smaller bank near your school (once again, might require a lot of cold emailing). I would also try and target banks that recruit later in the cycle (despite all the hate UBS gets, it could be a good landing spot — I think they recruit later). I would also look at MM players and reach out to them because it will be easier to break in there especially with some summer work and an off-cycle internship. I’d say if you can get an MM with any brand that’d be a win and you would have a good shot at FT recruiting with BB/EBs (plus who knows you might end up liking that the smaller bank and wanting to stay there).

 

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