No return - Am I cooked?
Just finished my summer internship at a MF PE and didn’t get a return, going into my final year of university
Should I now begin applying to Off cycles , summer internships or graduate roles? And will I be competitive for IB roles?
I’m shitting it
Two questions:
1. Why didn't you receive a return? That will be a big question from your future employer.
2. Have you done an IB internship before your MF PE role? That will help.
1) The fundraising for the latest fund has been shit and the team is generally just not hiring, feedback was generally positive across the board
2) No IB previous experience outside of a BB spring week which doesn’t count
1. Were there other interns? If so, did they return? Could people in the firm possibly refer you to some of the IBs that they worked at?
2. Fair. Will be a bit tough to spin that story, but doable.
There was one return of three interns (DEI)
I would seriously try to leverage the connections you've made during your internship to see if they'll refer you to the banks they came from.
Based on previous WSO threads, here's what you need to know:
Applying to Off-Cycles:
Applying to Summer Internships:
Applying to Graduate Roles:
Competitiveness for IB Roles:
General Advice:
In summary, start applying to off-cycle internships, summer internships, and graduate roles. Focus on networking and preparing your technical skills to enhance your competitiveness for IB roles.
Sources: 20 Most Frequently Asked Questions - London Edition, Off Cycle Recruiting Stories, https://www.wallstreetoasis.com/forum/job-search/ibd-sa-after-graduation?customgpt=1, Investment Banking Off-Cycle Internships London-Amsterdam-Madrid Fall 2020, No IB offers for the summer...what now?
Bump
Knew a guy who this happened to, he ended up in a mid-tier group at a top BB after recruiting FT. This was in the USA, though
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