Yet another Analyst/Intern job search advice needed...TLDR version included

Should I move or copy this to IB forum since it's mostly IB related job search? Let me Know.

TLDR: Need advice whether I should give up applying for analyst/intern positions at investment banks and other firms involving company research and financial modeling. I feel like my age (30-35), employment history (over 5 yrs low-level gov job), and school (non-target in L.A.) doesn't have any "pull." Be honest and please do not hold anything back. I've dealt with different personalities at my old job so trust me, I can take it. Don't want no pity either, no time for that.

Background: Worked almost 10 years in a totally unrelated industry doing really low-level stuff. It paid the bills and saved enough to resign and transfer to a non-target in Los Angeles to finish the last two years. I paid for my tuition except for last semester "scholarship" BS that I thought maybe wouldn't hurt applying to. Before that, I was stuck at a community college due to work/class conflict. Even had to go P/T just so I can take 1 or 2 classes to get my transfer credits. I checked other universities in my area to try to get into but I just had to raise my GPA high enough, take extra prerequisites, and possibly wait for another two years. I decided to apply to the cheapest I could afford 'cause I thought that I'm getting too old and needed to finish ASAP. Plus how the hell am I gonna be able to pay for these other school's tuition? That would mean working more hours and a possibility of another work/class schedule conflict. I don't like loans and don't like getting financial help from anyone (maybe that was a mistake to begin with).

I switched majors 2x before finally getting a business admin. degree. I concentrated in finance and minor in economics because it sparked my interest when I invested a small account made money and tried speculating and lost some of the money. I figured a couple of things. I needed a proper education on the subject aside from the trading books I read so I can get a solid foundation, find an entry-level job, get mentored, and network. So I took whatever I have left on the trading account, tapped my retirement money from my old job plus the bonds I saved to go back to school. FF to two-years, I graduated (GPA cum 3.2 / maj. 3.5) with honors distinction.

BUT WAIT, THERE'S MORE!

As I learned more about the industry, IB piqued my interest a lot more. I just thought IB just invests and trades money since it is called "Investment" Banking. You know, much like long-only funds and hedge funds (the sub industry that I wanted to get into at first). I had a professor call out Ibankers as professional b*********rs. That didn't stop me from trying to get an idea what it's like (the hours, pitches, deals, modeling). I bought the Rosenbaum book after lurking here to get a sense of building DCFs and Comps that was barely taught in my securities analysis course. So I got hooked and thought that I don't mind being an analyst doing this stuff and maybe move on to ER at a HF/MutFund or PE. Mind you, I was totally ignorant about a lot of these terms.

MORE IGNORANCE AHEAD - I didn't know the importance of internships the very first two-years of college in this industry until senior year. Seriously, I found out about it where? Here. My very first application to get my feet wet I believe was for the GS New Analyst program (2018) but I didn't get that. My school's a non-target and the only bank that I remember being there was City National Bank. I thought I'd just focus on school and nothing else since I've dropped and added classes so many times that I needed to prove something to myself.

  • My family stressed healthcare and government jobs for "safety" and I have always tried new things so nobody including myself know anything about business degrees and financial education except real-world stuff (saving and purchasing). They all seemed content. I was too at my gov job but I knew I would regret not pushing myself. Getting in the industry would be a first-step.

SO NOW WHAT? I applied to many programs since now that I found out about recruiting season courtesy of WSO:

  • IB analyst programs at JPM, WF, and GS, TD; will be checking out CS
  • Applied for DE Shaw FRA Intern program due to basic requirements although they give priority to students
  • Canvas (Point 72) FRA
  • non IB related but still involved financial analysis: JPM and WF middle markets, CITI PCB Analyst
  • cold-emailed approach RIA firms in my area for intern opps.

I tried my best to tailor my resume and CL for the position such as:

  • DCF and Comp models and industry research to value two companies for a project
  • Class group leadership (finance-related)

At thee near-end I just made a list of my job and sports I was once involved in and only focused on commendations received for "dedication" and "teamwork". I also added cfa level 1 candidate for certifications

QUESTIONS: 1. From now on and realizing that my resume doesn't have any pull, should I even bother looking for more IB opps and other analyst research roles in investment management/advisory? Give it to me straight. I'll take the CFA enrollment payment loss and walk away from it all and go down the list of jobs I want to get into

  1. No job for the past two years since my resignation and I've been applying and studying. Should I bother even applying for a teller position (even WF didn't hire me for pt position. I'll try them again + other banks)? Would this make it worse in terms of dings on a resume since it's non-analyst related? PWM may also be an option but I really don't like sales.

My interests so far in order of importance to me (jobs I want to get into): 1.) IB/Funds Why? 1. F*** the pay, I want to know if I got what it takes and I'll probably stay as analyst for as long as it takes I just want to learn. I'll take the lowest salary that enables me to survive (still need to eat right? plus I've lived a simply life) 2. 30% ego stroking for being part of an elite bank, 70% learning as much as I can with modeling and analysis. 3. Mentorship. 4. network to get analyst positions in funds and hopefully save enough to manage my own money applying what I learned. Getting seeded is an option too if I become great.

2.) Corporate Finance (from startups to big names) as long as I am in an analyst capacity 3.) Back Office 4.) Government: Analyst capacity comes first then regular admin assistant b******t 5.) Military

Any advice would do. My plan was to only live back with my parents for two years (almost there in Nov.) I have a place I am renting out to get some income (not a lot trust me). I could barely go out 'cause my savings would be depleted (so gave up dating there). I don't have insurance. Everyday I'd wake up between 5-8a to look for analyst related jobs but the requirements has to have either: internship exp, 1-3 years exp, still in school and/or any combination of the three . The opps I do find I have to spend hours tailoring CL and resume. It's frustrating and I'm stuck at home most of the time and losing my self-esteem everyday. Hitting the gym and sometimes playing bball help maintain my physical and mental health. I want to play heavy contact sports again. But I even can't push myself there 'cause I'm afraid of getting injured and depend on others to help pay (no med insurance). I feel like I just made a huge mistake and risked job safety 'cause of pipe dreams.

Thank you in advance.

1 Comments
 

Perferendis et natus a corrupti non sed enim. Est quasi eos nam quam explicabo. Omnis ea ipsam debitis saepe quis sed. Nam sunt ducimus libero aliquam est labore. Voluptatem ex consequatur labore eos.

Error reiciendis aut non asperiores et provident. Vel ratione fugiat quia autem aut ipsum. Assumenda facilis vitae quia cumque accusamus quis. Voluptatem veniam amet ipsam culpa est ipsam.

Ut eos enim commodi earum earum tenetur animi. Hic qui iusto sit autem sint dolor tempore.

Culpa odio quia alias aliquid aut sed et. Provident et veritatis est et a. Aut quis aperiam impedit est est quasi assumenda quod. Et esse nemo qui delectus rem enim fugit odio. Animi corporis doloremque enim ut delectus at culpa dolorem.

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

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”