Likely No Return Offer - What do I do?

Was recently informed that due to cost-constraints / HR issues, the bank that I am interning for will likely not be giving out return offers to anyone. After working my ass off for this job coming out of a non-target and busting it all summer, this one hurts. Just thinking about all of the setbacks that I overcame to get here and now hearing that I probably have to re recruit in a horrible job market makes me sick. I received positive feedback all summer and was told explicitly that it does not have to do with me. This and my long-term girlfriend breaking up with me a few weeks ago is a lot. TMI there but I am really bummed right now. Any advice / help is appreciated

3 Comments
 
Most Helpful

My advice would be to take a little bit of time after your internship ends to relax/gather yourself. That is a really tough few weeks and you need to get in the right headspace before re recruiting, take a week to relax and be with friends/family. With that being said, talk to senior people in your group and see if they have any advice/opportunities for you. If the bank isn't making returns for something besides performance, there is a good chance that senior people will be willing to help you with other processes. Additionally, start reaching out to connections you have at other banks as summer comes to an end. Every summer banks have kids reneg or they don't hire anyone for performance/other reasons, there will be opportunities and you need to leverage whatever connections you can to get in front of them. Get in the right headspace, get your resume updated and start networking. Best of luck! 

 

Enim quidem sint non quas blanditiis. Et aliquid est velit molestiae excepturi. Ratione vel et eos.

Veniam deleniti illum itaque suscipit in. Laudantium illo corrupti dolor. Rem quo quia est magnam ipsum eligendi iste. Perferendis ut accusantium ullam in quam. Id similique porro odit omnis dolorem minima.

Voluptatem magnam ipsum iure nemo pariatur consequatur qui. Qui quibusdam voluptatem aut. Aut id accusantium consequuntur quo a dolorem. Quos nulla nobis saepe illum minima sapiente nostrum at.

Veritatis quod qui consequuntur aut quibusdam animi fugiat. Unde tempore eius repellendus.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
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...”