Lost In The Sauce

Hello everyone,

As a senior in college, I've been diligently applying to various jobs without much success so far. Each day, I search for opportunities that pique my interest and apply accordingly. One promising lead is a Commercial Banking Rotational Program, where I've completed the final round of interviews, including a case study that I feel positive about, although I'm still awaiting a response.

I attend a non-target school with a GPA of 3.5+ and actively participate in multiple clubs and organizations, holding executive board positions. Additionally, I serve as a portfolio manager on the consumer team, managing real money. During the summer, I interned at Fidelity in corporate finance and received a return offer, but I decided to explore other options as I thought I could land something better. Well the grass isn't always greener on the other side. 

While I have a keen interest in investment-related roles such as IB/PE/AM, I'm realizing that I might not yet be qualified for these positions. In my spare time, I have been working on some pitch decks and reading up on some IB valuation books. In case my job search doesn't yield the desired results, I'm contemplating a shift towards sales, leveraging a strong connection I have with a director at Morgan Stanley. I don't have a problem with sales, I just feel an investment related position better fits my interests. 

Any advice about what to do right now or in the future (CFA) you could share would be greatly appreciated. Thank you for your time in advance. 

2 Comments
 

Hey there, future Wall Street star!

First off, kudos on your proactive approach and the hard work you've been putting into your job search and academic endeavors. A 3.5+ GPA from a non-target school, coupled with your leadership roles and real money management experience, is nothing to scoff at. Plus, that summer stint at Fidelity? That's a solid foundation right there.

Now, let's talk strategy:

  1. Patience is Key: The job hunt can be a marathon, not a sprint, especially in the competitive world of finance. Keep the faith; your efforts will pay off.

  2. Leverage Your Network: You mentioned a connection at Morgan Stanley. Even if sales isn't your first choice, it's a foot in the door. Finance is a broad field, and sales experience can be incredibly valuable. It hones your client interaction skills, which are transferable to many other roles in finance.

  3. Consider the Offer on the Table: If Fidelity extended a return offer, it's worth weighing the pros and cons. It's a reputable firm, and another stint could open doors or at least buy you time to continue searching for that dream role.

  4. Keep Learning: You're on the right track with pitch decks and IB books. Consider formalizing this with a certification like the CFA if you're leaning towards investment roles. It's a significant commitment but can be a game-changer for your resume.

  5. WSO Resources: Dive into the WSO Networking Guide. It's tailored for people just like you, looking to break into high finance. The Investment Banking Prep Pack could also be a goldmine, helping you nail the technicals for any upcoming interviews.

  6. Stay Open: The rotational program at the commercial bank could be a fantastic learning opportunity. It's not IB/PE/AM, but it's relevant, and you'll build a skill set that can pivot towards those fields later.

Remember, every experience is a building block. Keep stacking them, and you'll build the career you're aiming for. Keep swinging, champ!

Sources: Advice From an Advisor to Senior Wall Streeters, Advice From an Advisor to Senior Wall Streeters, Keys to Success?, How To Quit Your Job (And Still Win), Lessons Learned.

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

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

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