My SA recruiting didn't go so well for a number of reasons that can be improved upon. As such, I will be extending my graduation date by a year (2010) to plan on recruiting again for an SA position next year. I've put a lot of thought into it and I want to use the year to orient myself more into finance and to build more finance-oriented WE/ECs.
When I'm reaching out to boutiques via e-mail to see if they are willing to take me in over summer, should I state that my graduation date is 2009 (junior) or should I put 2010? Would I be faced with the question, "why aren't you doing a summer analyst program?" if I did indicate 2009? I'm trying to figure out which graduation date would raise the least amount of questions and maximize my suitability for the position. I suppose it's an argument between inexperience (as a sophomore) vs. should-be-somewhere-better (as a junior)
It's a touchy subject... please don't flame. I would appreciate input though :).
Are you really delaying graduation a year just to get a shot at SA recruitment again?
To answer your question, I would put 2009.
I would keep 2009. Many firms want juniors for the reason that they want FT candidates the following year. Further, a lot of shops will think Sophomores are too immature or inexperienced. Much easier to get an internship as a junior. No one will ask you why you aren't doing a summer analyst program. Even if they did, you can sideswipe the question by saying "I'd much rather work in a more intimate setting where I can get direct exposure to many of the senior members, thus I targeted my search at boutique shops." (or any of the other multitude BS reasons people give for wanting to work at a boutique/MM firm.
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