Should I give up?

Based on the most helpful WSO content, your situation is not uncommon, and many have faced similar struggles before eventually breaking into investment banking. Here’s a structured approach to help you push through and refine your strategy:

1. Reframe Your Mindset: It Only Takes One "Yes"

• As highlighted in WSO threads, rejection is part of the process. One user shared that they received 55 rejections before finally landing an offer. The key is to stay persistent and remember that every "no" brings you closer to that one "yes."
• Focus on the long game. This process is a grind, but resilience and consistency often separate those who succeed from those who give up.

2. Refine Your Networking Approach

• Quality Over Quantity: While sending 75+ emails a week shows dedication, consider focusing on building deeper relationships with fewer people. One WSO thread emphasizes the importance of turning contacts into mentors. Reach out to key individuals, follow up consistently, and ask for advice rather than just opportunities.
• Add Value: Instead of just asking for help, find ways to provide value to the people you’re networking with. For example, share relevant industry insights or offer to assist with something they’re working on.
• Target the Right People: Prioritize alumni, non-traditional candidates, or those who have a similar background to yours. They’re more likely to empathize with your journey and offer guidance.

3. Evaluate Your Interview Performance

• Even if you feel confident in your technicals, there might be areas to improve. WSO threads suggest:
  • Mock Interviews: Practice with friends, alumni, or mentors to get feedback on your delivery, tone, and storytelling.
  • Coherent Storytelling: Ensure your "Why IB?" and "Why this firm?" answers are compelling and tailored to each firm.
  • Expand on Technicals: Don’t just answer correctly—show depth by explaining the "why" behind your answers.

4. Stay Mentally Strong

• Resilience is Key: Many WSO users have shared that the process is mentally taxing, but staying optimistic and pushing through is crucial. One user noted that being "hungry, earnest, and sharp" eventually leads to success.
• Take Breaks: It’s okay to step back occasionally to recharge. Burnout can hinder your performance in networking calls and interviews.
• Visualize Success: Use techniques like setting small, achievable goals (e.g., securing one meaningful conversation per week) to maintain momentum.

5. Consider Alternative Paths

• If traditional recruiting isn’t yielding results, explore other avenues:
  • Boutiques and Middle Market Firms: These firms often have less structured recruiting processes and may be more open to non-target candidates.
  • Masters Programs or MBAs: As shared in WSO threads, pursuing further education can provide another shot at recruiting with a stronger network and credentials.
  • Lateral Moves: Start in a related field (e.g., corporate finance, Big 4, or consulting) and transition into IB later.

6. Leverage WSO Resources

• Utilize WSO’s networking guides, technical prep materials, and mentorship programs to ensure you’re as prepared as possible. Mock interviews and resume reviews can also help identify blind spots.

Final Thought:

Remember, you’re not alone in this journey. Many successful bankers have been in your shoes, feeling the same frustration and self-doubt. The common thread among those who made it is their refusal to give up. Keep refining your approach, stay resilient, and trust that your hard work will pay off. As one WSO user put it, "Success is never final, failure is never fatal, it's the courage to continue that counts."

Sources: Feeling down about rejections, Dealing with Rejection, Non-Target to MM IB: My Advice, Resilience in the face of rejection, Would appreciate some advice