No Internship this Summer, unsure of how to proceed

Hi everyone, I'm a current junior at a target school, 3.5 gpa. I had an internship offer at an asset management firm until 2 days ago when they rescinded the offer because I may need sponsorship in like 4 years due to being an international student, and they are strict on not sponsoring candidates under any circumstances. My school office of international affairs told me that this would not be an issue but when I sent them my CPT letter (a thing that intl students need to do) they rescinded my offer. Feeling absolutely hopeless seeing that it's mid march and unsure of what to do as at present i have nothing lined up for the summer. I don't particularly want to work in IB, but I'd like to be front office ideally. Working in investments or trading are both preferences, but obviously at this point I'd take anything I can get. I mostly have a couple of questions: 

1. How fucked am i if I 1. don't get a finance internship this summer but instead do something in tech/data science/maybe a role as a products intern or something or 2. if i get a finance related internship (maybe big 4 consulting/back office) but in my home country

2. is it better to work at a boutique no-name firm in the US or a bigger firm in my home country if my end goal is full-time in the US. 

3. what steps should i take besides cold emailing banks/pe shops/prop shops and reaching out to alumni? i'm doing that quite a bit (at least 20 emails/day) but feel like my efforts are fruitless

1 Comments
 

Ut facere voluptas aperiam. Dicta impedit molestiae minima ratione. Quia sit fugiat in consequuntur sunt nihil. Sed soluta voluptatum illum ut.

Et dolores provident quis nesciunt necessitatibus. Necessitatibus eius quia alias nemo corporis. Sit ut veritatis id. Impedit ad animi vero ut dignissimos. Necessitatibus aut minus minima maiores et tenetur.

Et labore voluptatibus ut dicta possimus recusandae. Perspiciatis nihil veritatis placeat hic iste. Sit sed delectus fugit omnis. Suscipit laborum illo molestias.

Nisi accusantium et adipisci aperiam aut. Laboriosam dolorem numquam ducimus sit autem. Dignissimos et architecto minima et et modi voluptatem. Earum nemo dignissimos dolores et quasi. Laudantium ut est veniam ducimus. Aliquam accusamus et fuga rerum et est voluptatum modi.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
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...”