Want to rerecruit this upcoming fall. Options?

First-year MBA student at a top 20 who is going this summer into an internship that he/she would not prefer to work full time for in a location he/she is not interested in, but a global bank. I will be given a mix of strategy/finance/research projects to complete over the summer. Was part of the IB/consulting track in the fall 2023, but struck out and was left to recruit for corporate roles. Because of all of this, I was wondering if people could chime in and help me evaluate my options. Would re recruiting for IB/consulting roles be possible for a full time role or are summer internships a must for these industries? I like to think I have a big network of people that I think would be willing to help me out. If not, what about other industries where recruiting your second year is acceptable? Preferably something finance based but I have slowly been creeping up on strategy roles for a company or like I said, for a consulting firm. 

TLDR: don't like my current summer internship and want realistic full time job opportunities post MBA

9 Comments
 

Based on the most helpful WSO content, here are some insights and options for re-recruiting for full-time roles post-MBA:

Re-recruiting for IB/Consulting Roles:

  1. Networking:

    • Leverage your existing network extensively. Reach out to contacts in IB and consulting who might be able to provide referrals or insights into open positions.
    • Attend industry events, alumni gatherings, and other networking opportunities to expand your connections.
  2. Recruiting Process:

    • For IB, the recruiting process is highly competitive and typically involves numerous informational interviews. You might need to cold email banks and set up these interviews to get on their radar.
    • Consulting firms also value networking and referrals. Make sure to connect with consultants and partners who can vouch for your skills and fit.
  3. Timing:

    • IB recruiting is often done by the end of the first year, with limited opportunities in the second year. However, boutiques and Big 4 firms might have more extended recruiting timelines.
    • Consulting firms may have more flexibility, but it's crucial to start the process early in your second year.

Other Industries:

  1. Corporate Strategy/Finance:

    • Many companies recruit for strategy and finance roles throughout the year. These roles can offer a blend of strategic and financial responsibilities, aligning with your interests.
    • Look for rotational programs or leadership development programs that can provide exposure to different areas within the company.
  2. Asset Management (AM) / Hedge Funds (HF) / Private Equity (PE):

    • These industries also have specific recruiting cycles, but networking and demonstrating your interest and skills can open doors.
    • Consider internships or part-time roles during your second year to gain relevant experience and make connections.

Action Plan:

  1. Evaluate Your Network:

    • Identify key contacts in your network who can help with referrals or provide insights into the recruiting process.
    • Schedule informational interviews to gather more information and express your interest in full-time roles.
  2. Prepare Your Application:

    • Update your resume and LinkedIn profile to highlight relevant skills and experiences.
    • Practice your interview skills, focusing on both technical and behavioral questions.
  3. Explore Multiple Paths:

    • While re-recruiting for IB/consulting is possible, also consider other finance-based roles that align with your interests.
    • Keep an open mind about different industries and roles that can leverage your skills and provide growth opportunities.

By strategically leveraging your network, preparing thoroughly, and exploring various options, you can increase your chances of securing a full-time role that aligns with your career goals.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, IB Recruitment Timeline for Juniors & Seniors who didn't land a junior-year IB internship, Re-recruiting for full time senior year, 2021 Full Time Analyst Recruiting Advice, IB Full Time Recruiting (Summer 2023 Start)

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

I would network for FT if possible. Job market is extremely rough but doesn't mean you can't break in. What bank if you don't mind me asking? Would you be able to network at the firm for potentially lateralling to IB?

 

Bank is lower BB (WF, UBS, DB)

In terms of networking internally, my boss says I have the power to do whatever and pursue whatever division I want. He says I have his full backing and that he will be an excellent reference no matter what I do and I have already started to explore and found some good financial FO opportunities across the bank in better locations. Does that answer your question? 

 

I think networking internally would be your best best considering you are working at a decent bank despite not liking the role. Lateralling right now is tough and a lot of places aren't hiring externally from what I have heard/seen

 

I think it will largely depend on if your bank is hiring associates/senior analysts to begin with. However, if they are, I could only imagine it would be in your favor relative to others trying to break in as you already have some established connections

 

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