What should I do now?

Sup Monkeys, so as recruiting season for a lot of banks come to an end I am starting to really get nervous. I haven't solidified an offer yet, definitely am not getting one at my top five banks.I'm a non-target non-diversity kid, who really wants to break into HFs long term, but what the fuck do I do now?Especially if I want to break into some of the mega-funds, I understand I need an extremely highly ranked bank on my resume be it a boutique or BB. What steps do I need to take now that I'm probably going to have an IB internship in a MM or non top tier BB(think WF, DB)? It seems like this isn't going to get the job done, so am I fucked or, am I overreacting? For reference, I've gotten a ton of compliments on my behavioral/technical ability and my networking calls generally go great. Not saying I am auto getting an offer, more just looking for some long term advice contingent on the fact that I solidify an offer because I was not expecting to be here and have put in and will continue to put the work in.I think there are probably a lot of kids in this position, which is another reason for this post.

Comments (12)

Jul 18, 2021 - 11:43am
joeblow__, what's your opinion? Comment below:

SA, but can definitely be applied to someone who is in a similar position for ft

  • Prospect in IB-M&A
Jul 18, 2021 - 12:54pm

It seems like you think you're automatically going to get a job at a MM or lower tier BB firm. Those jobs, though not the most "prestigious," are still great jobs and very competitive to get, so I would focus on doing what you can to land one of those instead of being mad that you didn't get your dream job. 

Jul 18, 2021 - 12:56pm
joeblow__, what's your opinion? Comment below:

I have an in at a small MM bank and am very confident I'm going to land that spot. Just trying to get some long term input contingent on the fact that I can land a spot at a MM

  • Prospect in IB-M&A
Jul 18, 2021 - 12:59pm

Oh, okay. Then I imagine you just focus on doing a good job at whatever job you get, get an offer and try to leverage it up to a job that's more appealing to you. From what I've read on here, seems that bankers from MM and lower BB's lateral up to "better" banks all the time. 

  • Analyst 1 in Non-profit
Jul 18, 2021 - 1:08pm
joeblow__

I'm a non-target ... I don't think it's that I'm stupid

these are mutually exclusive

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  • Analyst 1 in IB - Cov
Jul 18, 2021 - 2:13pm

Dude check back in to reality. WF, DB are not "super low tier" and you shouldn't assume you can easily work there. 
 

sure they're the "worst of the best" but "super low tier" is some random boutique in Charlotte, a LMM in Atlanta, etc, or frankly not being in IB at all.

Try having broader perspective before you bitch and moan about not getting a BB offer. 
 

that said, instead of being entirely critical I'll offer some advice. Try recruiting for non-IB front office roles at BBs. Capital markets, corporate banking, S&T, ER. Slightly less competitive applicant pools, same name brand, and most BBs are good about internal mobility if you still want to move. Also there are many non-BB/EB banks that are great to work for: Jefferies, RBC, Gugg, Baird, WB, PJS, raymond. None of these are "random shit banks"

Jul 18, 2021 - 2:31pm
joeblow__, what's your opinion? Comment below:

I'm referring to super low tier BBs. Get what you are saying not trying to shit on any bank, just trying to get a grasp for what I should do from here.

Jul 18, 2021 - 2:35pm
joeblow__, what's your opinion? Comment below:

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