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)
help pls n thx xx
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.
Search Funds aren't necessarily a big thing in London, at least from my findings and knowledge. What else can I do beyond work experience to really bolster my CV? Thanks.
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?
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yea thats not good lmao
To my knowledge, Cass is a pretty strong semi-target. You should be more than fine even if you miss spring.
untrue tbh, am non target and broke into a pop trading summer in my first year. Anything is doable
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.
Finance is easy to break into nowadays. The difficulty of breaking into high finance in the 2010s and 2020s is equal to the difficulty of breaking in Big 4 in the 1970s.
Pre-1990s high finance is a whole other beast though.
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.
The fuck do you mean "ask your uni to cover expenses"?
You can apply for funding from your university to cover your expenses if you’re doing an unpaid internship
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