I'm scared

I'm scared of another onslaught of rejections for this FT cycle. Not really sure what the point of the post is, maybe just for some advice on how to correct my mindset. And no this isn't giveadvicepls.

I'm a UK graduate from a non-target. I got rejected for every summer internship and grad scheme I applied for over the years. I can understand why - my CV was weak, I didn't prepare well enough (I did my best it just wasn't enough), I didn't network brilliantly etc. - but it was soul-crushing all the same. 

I'm going to apply anyway, but a problem is that I'm scared that me being scared will worsen my applications. It's a shit show and I hate it. I got the degree in economics, I got the first, I tried to get springs and summers, but I didn't start preparing from the age of 5 and I don't have any family in the industries I'm trying for. 

I have 2-3 weeks before applications really start picking up. I still don't feel, and I'm not, prepared enough. I have mountains of case prep to do for consulting, mountains of technicals and research to do for IB, and a mind-numbing amount of interview and other general prep to do for both. But at the same time there's a part of me that won't stop asking why I'm spending so many hours preparing for hundreds of positions if I'm just going to get rejected from them all.

"Boo hoo, you're applying for the two most competitive industries and it's your fault you didn't go to the right university, the right events". I did the best I could do with the knowledge I had at the time. None of my family went to university. I thought mine was good enough. If I could go back and scream some sense into my 16yo self I would. 

"You can get into these industries with enough hard work. Don't complain just because you're not putting in the hours." Honestly I hope you're right, but it doesn't seem that way. I've never even made it to interview, which is actually the worst part. How hopeless is it if I'm shaking with anticipation for the one telephone interview I got last year which the majority of applicants were invited for.

I'm a functional workaholic and I'm smart, but I feel clueless on where I'm going wrong and what I need to do with the time I have. This isn't a pity post, I don't want any of that, I guess I just want to know if it ever gets better and how to keep pushing until then.

TLDR: Sucks to suck... maybe?

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Edit: I think what's making this so tough is that whenever I've been told I can't do something in the past, I've always found a way. I take it as a challenge. Whether it's working smart and/or hard, finding another way around, or something else, I've figured it out. But, this time round I'm genuinely unsure if I can pull this off, and whether the game was just this rigged from the start.

4 Comments
 

It’s clear you’re putting in the effort and reflecting deeply on your journey, which is already a step ahead of many. Based on the most helpful WSO content, here’s how you can recalibrate your mindset and strategy:

1. Mindset Reset: Control What You Can

  • Stop the self-blame spiral: Many non-targets and first-gen students feel this way, but the truth is, the odds are stacked against you. Accept that some factors are out of your control (like your school or background), but focus on what is within your power—networking, preparation, and persistence.
  • Reframe rejection: Rejections are not a reflection of your worth but part of the process. Even top candidates face countless rejections. The key is resilience. As one WSO user said, “It’s all about mindset. I never doubted myself and just took on solid experiences.”

2. Strategic Preparation: Quality Over Quantity

  • Prioritize your efforts: With limited time, focus on the most impactful areas. For IB, this means nailing technicals (DCF, LBO, financial modeling) and behavioral questions. For consulting, focus on case prep and frameworks. Don’t try to do everything at once—break it into manageable chunks.
  • Start networking now: Even if you feel unprepared, begin reaching out to alumni or professionals. Networking isn’t just about securing interviews; it’s about learning and building relationships. As one WSO thread emphasized, “A goal is only as good as its execution. Show competence, enthusiasm, and a desire to learn.”

3. Leverage Your Story: Turn Weaknesses Into Strengths

  • Own your background: Your non-target status and first-gen story can be a strength if framed correctly. Banks and consulting firms value diversity and grit. Highlight how your unique journey has shaped your work ethic, adaptability, and hunger to succeed.
  • Show progress: Even if your CV wasn’t strong before, demonstrate how you’ve improved. For example, mention self-taught skills (financial modeling, case prep) or any relevant experiences, even if they’re not directly related to IB or consulting.

4. Tactical Adjustments: Learn From Feedback

  • Ask for feedback: If you’ve been rejected before, reach out to recruiters or interviewers for constructive feedback. Use this to refine your approach.
  • Mock interviews: Practice with friends, mentors, or even online platforms. The more you simulate high-pressure scenarios, the more confident you’ll feel.

5. Long-Term Perspective: It’s Not Over

  • Consider alternative paths: If you don’t land a role this cycle, it’s not the end. Many WSO users have pivoted to IB or consulting after gaining experience in related fields (e.g., corporate finance, Big 4, boutique firms). Others have pursued MBAs to re-enter the game at a higher level.
  • Keep grinding: As one WSO user put it, “Do everything to build your resume into a story that defines you.” Every step you take now—whether it’s networking, learning, or gaining experience—brings you closer to your goal.

6. Mental Health: Don’t Burn Out

  • Take breaks: It’s easy to fall into the trap of overworking, but burnout will only hurt your performance. Take a weekend off to recharge and come back stronger.
  • Seek support: Whether it’s a mentor, therapist, or peer group, don’t hesitate to lean on others. You’re not alone in this journey.

Final Thought:

It does get better, but only if you keep pushing. Many successful professionals on WSO have been in your shoes—rejected, doubting themselves, and unsure of their next steps. The common thread? They didn’t give up. Keep refining your approach, stay resilient, and remember: the game may be rigged, but it’s not unwinnable.

Sources: The Case for Taking a Banking Attitude to Other Industries, A non-target's failure, The Case for Taking a Banking Attitude to Other Industries, My thoughts as a Non-Target, Would appreciate some advice

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

Can’t cry over spilled milk but can definitely learn from it. You know what your goals are and what’s tequired of you to achieve them. I acknowledge the anxiety of doing an interview but you need to get your bearings together and start practicing (so you don’t feel anxious in a real interview). Can’t cry if you won’t put the effort in. Unfortunately this is how the real world works. If you want it hard enough, put the effort in and then put the reps in. 

I was a socially awkward shy person in college and couldn’t do well in interviews. Fast forward with tons of rep and practices, I always make it to the final rounds of any process I start because it’s 2nd nature to interview well. It’s a skill you only get better at with prep and practice, not a magical skill.

 

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