How to best secure a Summer Analyst position in London with no finance/spring weeks?

Hi all,

Currently at a target school in the UK (Oxb,WW,UCL,ICL,LSE) studying a math degree. Applied to many springs this year but have yet to make it very far with any (likely due to failing OT, poor CV/CL, late applications etc). 

I have heard some other opinions about doing a masters to reapply summers but I was thinking if I should maybe make my degree four years in order to apply springs again due to the lack of finance experience on my CV. This is because I heard summers are extremely competitive with the whole of EMEA competing for London mainly hence Springs offering a conversion allows a much better shot at securing a standing FT offer.

I also know extremely minimal amounts of technicals and am very poor on OT (will use jobtestprep), how should I go about learning my technicals/ brushing up CV/CL etc?

How should I best aim to secure a role in IBD at any EB,BB,MM upon graduating my three year degree or should I make it four to apply springs again?


Comments (23)

  • Intern in S&T - Other
Jan 5, 2022 - 11:58am

Springs help but you can get summers without springs if you have good experience behind you. Additionally, you can also always say you're *going* to do a masters, and never do, once you get an offer most banks don't really care

Jan 5, 2022 - 12:10pm
Jimmy Lee 2001, what's your opinion? Comment below:

Hi, thanks for replying!

I was thinking of doing this but I found out my uni does not offer a "conversion to 4 year" per se such that I get a four year degree but rather separate 1 year master and 3 year BSc. Would this be fine to put "Intended masters/ Incoming" even though I know I have not got an offer yet?

Yep for sure, however my issue is I have no good experience behind me either.

Jan 5, 2022 - 4:01pm
mBm21, what's your opinion? Comment below:

I wouldn't focus too much on spring weeks.

Try to get an internship at an advisory or PE firm (even very small, doesn't matter). This will bring you more than spring weeks

  • Analyst 1 in S&T - Comm
Jan 5, 2022 - 4:33pm

In terms of experience for the CV this is 100% true. The only advantage of spring weeks which are basically just insight events is that they convert/fast track you to the relevant summer internship in some cases.

Jan 8, 2022 - 5:30pm
Jimmy Lee 2001, what's your opinion? Comment below:

But from the advice in this thread, Im hearing mixed opinions such as percentage of spring to summer conversions being incredibly high. How should I go about securing some other finance interns because I have not yet received a response from about 20 firms I have emailed

Jan 8, 2022 - 2:55am
DanPimental57, what's your opinion? Comment below:

This is an incredible rousing article. I am essentially satisfied with your great work. You put truly supportive data. Keep it up. These options are a notch below the finance ones, but they still beat studying for the CFA or working at Best Buy by a long shot. In this category, you might .

  • Intern in IB-M&A
Jan 8, 2022 - 11:54am

Pretty sure Lazard has actually held 2 Spring Weeks over 2 different weeks giving them a cohort as large as most BBs but with obviously a much smaller Analyst class. 

Jan 8, 2022 - 5:26pm
Jimmy Lee 2001, what's your opinion? Comment below:

I heard mixed opinions but some have said this. In your opinion would it be worth doing Masters/ year abroad/ interrupt purely for this reason alone?

Also, I'm slightly worried if I say "Intended masters" they won't classify that as part of my degree so they'll see me as a 2nd year on a 3 year programme or would this not be an issue?

Jan 8, 2022 - 6:26am
Pan European Monkey, what's your opinion? Comment below:

I got a summer internship without a spring week coming from a target. There are plenty of things to do to build your CV: finance or sports or other societies or other positions of responsibility for colleges, volunteering & charity work, random work experience in anything semi finance related from accounting, PWM, local M&A shops, brokerage etc. 
Basically just do something you can talk about and how that makes you build relevant skills. 

Most Helpful
  • Intern in IB - Gen
Jan 8, 2022 - 7:28pm

The best thing I can tell you to do is relax. I say this coming from a very similar situation, and it worked out ok for me in the end. I got a verbal offer for a spring which didn't materialise and I ended up depressed for the better part of a month. I was on it from the get go, prepped/studied hard and yet left with my dick in my hand. What did I do? Reached out to dozens of small shops until I lined up a summer in my first year. Thought this was it, recruiting for second year summers should be ok given the commitments; ended up with 1 interview in the whole process and didn't get anything in the end. At that point I thought fuck it, I'll actually study and enjoy life so I don't have to cram for exams and stress myself out. Got my grades and had fun in the summer break, no banking, no internships, just vibez for 4 whole months; came back to my final year ready to smash it and I've got an internship offer I couldn't be happier with (won't specify for anonymity but I think most people would agree it's a solid shop).

Point is, I didn't do a spring in my first year, didn't do a summer in my second year but I've got a better summer than most final years I know; enjoy uni, stay sane, keep up to date with work, and just relax. Not saying any of this to brag, rather to show you there's more to life; when you are "lucky" enough to get a summer you'll meet enough 23/24 year olds to realise that spending ages 18/19/20 worrying about recruiting is a little narrow.

I'm guessing you're from lse so an alternative for you could be to take a year out (I've heard they're quite lenient with this but idk) between years 2 and 3 and get some work experience in that time period; lots of places take people in this age/experience profile, from boutiques, to PC funds, to PE funds you name it. This way, you don't have to study for an extra year, you can build up a better cv and earn some money.

This was a long post but hopefully it will give some food for thought. Best of luck buddy

Jan 9, 2022 - 3:01pm
Jimmy Lee 2001, what's your opinion? Comment below:

Hey thanks for the detailed reply!

Firstly how'd you know I was at LSE haha. That's super good that you got a grad role! I keep hearing its impossible to get grad roles though so mixed feelings about that path currently but how did you get a summer in your final? I thought summers were for penultiamtes.

I guess LSE is rather lenient with that kind of thing, but any idea on how to secure a placement? Would my best approach be find them on google and cold email them?

  • Intern in IB - Gen
Jan 9, 2022 - 3:50pm

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