Accelerated Recruiting Offers Making Me Depressed
Seeing that MS Menlo has already done super days, Ares is already doing first rounds, Blackstone is already doing first rounds, Houlihan Lokey has already given out superday offers, Greenhill is doing first rounds, Rothschild is doing super days, Moelis has sent out superday offers, Apax is doing first rounds.
I've got 0. Hundreds of emails and nothing. What the fuck do I do when everyone around me is going to get an offer at a top shop before I even interview.
Just secured a credit suisse offer
SVB is interviewing i heard try that
whoever dm'd me 'you forgot to add JPM sent out superdays too', you're a bitch
Damn, even I don’t troll someone who’s actually hurting or actually wants advice.
Listen kid, I’ve seen so many people start out at rating agencies or big 4 shops or weak consulting places and break in.
Don’t give up hope until you’re like 30 and still have not broken in. If you’re still on the outside looking in after ten years of trying, then you can be depressed and accept you suck.
It's not very complicated - just keep grinding. There's like 2-3 months left of peak interview season.
Recruiting sucks, plain and simple. I remember going thru it when they did it jr. year fall (used to be jr. year spring a few years earlier), though now I guess it's sophomore spring which is nuts
I'll tell you, I don't know if that ever really stops. I'm many years out of school and recruiting now for a new role, and it's just exhausting. The % of people that respond to a cold email are close to 0%. And people pass on your resume for seemingly no reason despite fitting every qualification. You don't get past 1st rounds for inane reasons. The only way to really land pretty much any interview is top UG + multiple top shops + MBA/CFA as you just become a candidate that's almost impossible to ignore. Though it's such a grind to get there and not everyone is lucky enough to do so
Finance also isn't the be-all end all, I wish now that I was great at coding and entered that field (though with LLMs who knows what that looks like) or medicine (which has its own stresses until you finish residency). I sometimes wish I was a Doctor of Internal Medicine pulling 45hr weeks (incl paperwork) as after that you're life is more chill...though with the structural decline of private practice, even then you have to work for a hospital where they make you do 80hr weeks followed by a week off or whatever, or maybe take a graveyard shift which also sounds annoying af. So I'm not sure what the solution is except to find something you love for 50% of time (if you do that, you're pretty damn lucky). I think it is telling though how most folks who start out as engineers at 22 are still engineers (or highly adjacent) at 35. Same with doctors (though there you have debt considerations). In finance, 80% of those who start in the field at 22 are NOT in the filed at 35...so I'd also consider that this isn't the only thing that will bring in a) money and b) fulfillment. I work in LO and I've considered at times moving into the endowment world for instance which is less 'finance heavy' and has far less career risk for instance
I guess I don't have much to add in a helpful capacity here, except know that you're not alone (if earlier stage than other folks). I don't think most people get 'settled' into their careers to a point where recruiting becomes easier / not really stressful until their 30s from what I've seen. Until then, it's a pain
I’ll say this - recruiting for banking is a tough process, but it leads to vital development as an individual. I was late to the game with networking, technical prep, and interviewing. I had just barely started with my prep when I came to find myself in a similar situation to what you’ve described. Hearing of countless other people signing offers, in the late stages of interviews with top firms, and otherwise getting everything I wished I could’ve. I continued to network, sharpen my technical skills, and grind despite the objective signs that I might have been a bit behind the curve. Lo and behold, I ended up in a couple processes, made it to a superday, and signed my offer with a top EB a month and a half later. I even had three other processes waiting for me if that fell through. The reality is many people will sign before you do. Many will sign after you. But if you can continue to do the right things and trust in the process, good things will happen. Take it from a nontarget like me - if you’re persistent enough to show up and prepared enough to perform, you’ve got a great shot at earning a spot for yourself.
A lot of offers and superdays you see coming out this early will be diversity. Don’t stress and keep pushing!
!
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