How screwed am I if I didn't get a spring week offer? first year from a non-target (but reputable) university from London

The title is pretty self-explanatory. How screwed am I and what can I do to save my dying chances. Thanks. (I knew I should have gone Warwick to do History or Psychology or something silly)

 

Not massively to be honest. Springs aren't essential but a lot of people on this site do undervalue them so its worth applying to them again next year. Try get a search fund internship informally for your summer and craft a stronger CV. Apply the day spring weeks open. My mentee secured a lot studying something non-standard and the ones he got were the ones he applied to the day they opened with an admittedly weak CV.

 

you’re non-target, springs are the most common way for non-targets break in. in other words, you’re pretty fucked; consider doing a masters right after u graduate. u say ur at a reputable university yet every presitigious UK uni is at least a semi-target, so could you specify where u study?

 

To my knowledge, Cass is a pretty strong semi-target. You should be more than fine even if you miss spring.

 

Not fucked at all, I know loads of people who didn't get springs/didn't convert and ended up with top SA positions. You should probably go for a summer internship this summer at a PWM or search fund (common enough in London to not rule out). Next year, apply to springs again and just say you plan on doing a masters even if you don't. Either way, no need to stress about it, springs are important but they're not everything.

 

All UK universities are reputable, even the non-targets. That's because the UK has both the best schools in the world (Oxbridge) and their schools' average quality is much higher than the UK, Italy, China, Canada, Australia, France, Germany for example.

UK IBD/high finance seats are pretty easy to land even from a non-target (non-Oxb/LSE/UCL/Imp/WW), because finance in Europe isn't regarded as particularly prestigious. The most intellectual kids aim for the ivory towers of academia, politics and think tanks instead of the filthy offices of finance.

 

for reference, ^this guy's a troll known as bottombuckethardo and consistently spews the same misinformation. Finance is still "hard" to break into. The guy's also a moron. Something being generally reputable and relatively reputable are 2 different things, in London, Cass is relatively not that reputable. 

Apply again next year.

 
Most Helpful

To put it short and simply, if you’re not female/diversity/multilingual it’s going to be harder to land a seat, whether you’re at Oxford or Cass. You need to show genuine interest/motivation in your selected field; reach out to as many people as you can (if you actually want to learn and have non-Googleable questions to ask), cold mail small shops expressing interest in unpaid internships (you can always ask your uni to cover your expenses should you need it), and you should be ok for SA recruiting next cycle. I wouldn’t advise applying for springs next year unless you’re on a 4-year course. You haven’t stated an awful lot here, but maybe think retrospectively about why you didn’t get any springs; at what stages did things start going south? Have a think and take it from there.

 

You can apply for funding from your university to cover your expenses if you’re doing an unpaid internship

 

Et est est et molestiae. Nobis qui itaque ut qui illo atque veritatis ut. Exercitationem voluptas molestiae ea ratione consequatur. Quae est dolores corporis et. Repudiandae totam quibusdam consequuntur. Maiores aut sit aspernatur repellat.

Sit vero ex non. Dolorem qui incidunt molestiae vero aliquid. Voluptatum voluptatem rerum velit minima. Ex et error doloremque inventore assumenda qui.

Sed aut deleniti pariatur occaecati sit. Enim qui quo eum quia sapiente. Error fuga dolores aut doloribus hic.

Facilis molestiae repellendus officiis iure vel. Nam ipsa ipsum voluptas molestiae architecto dolor placeat.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
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...”