33 Comments
 
Christopher-Davidson

I applied to around 20 internships last semester and haven't heard back from anyone. FML

What school do you go to? I got 7-8 first rounds interviews for every 10 applications I submitted, and I'm definitely not a rock star. Did you have your schools CMC/student clubs review your resume? You should be more successful than this, even from non-top ranked school.

 

For banking, you usually have to submit BOTH an online application as well as resume+cover letter submission through career services.

 

Trust me -- we have plenty of time in b-school. Just very little of it can we recollect where it went though.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 

Trust me -- we have plenty of time in b-school. Just very little of it can we recollect where it went though.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."
 
OpsDude

MBB interviews are such a blackbox. One of them I thought I completely messed up, but got 2nd round. Another one I thought I absolutely crushed the case, and didn't get a 2nd round.

LOL exactly my experience. One MBB first round I had, I was sure I screwed it up, then I got invited to the second round. Another MBB first round, I thought I did flawless, only to get a rejection call. It is really a blackbox.

thecm

Did anyone interview with both MBB and IB?

I did. I got lots of first round interviews from both consulting and IB, but my conversion rate from first rounds to second rounds were very low. I now have one IB superday result that I am waiting to hear back about, and another consulting second round next week. Hoping one of these materializes.

In hindsight, going for both IB and consulting was not a good idea. Both require lots of networking / prep time, and it would have been wiser to focus on just one.

CF1988

What's a typical summer internship path for those who miss out on MC spots?

If things don't work out for my internship, I am planning on doing the consulting FT recruiting later this year.

 

I am applying to BB in London and HK. Many people in my school already received offers from BB in HK and I just finished my final round in several banks. Interviews with London banks are still going on.

 

Got an offer at my 3rd/4th choice consulting firm, just had final round at my first choice. Final interview of the year. Made stupid fatigue related careless mistakes, but hope I made it through. At the very least, glad to have a summer MC internship in the city of my choice, and, more importantly, to finally be done with the 3 months of hell that is internship recruiting.

 

Just out of curiosity - if you are not successful during summer internship recruiting with firms, is there virtually no chance come 2nd year full time recruiting? Taking consulting as an example, if you were unsuccessful with say BCG applications in the summer would that rule out BCG full time recruiting in the following year?

 
MBA8717

Just out of curiosity - if you are not successful during summer internship recruiting with firms, is there virtually no chance come 2nd year full time recruiting? Taking consulting as an example, if you were unsuccessful with say BCG applications in the summer would that rule out BCG full time recruiting in the following year?

I'm a second year and I can unequivocally say that this is NOT the case. Many of my classmates who didn't land internships with the firms ended up with full-time offers.
 
kingfalcon MBA8717:

Just out of curiosity - if you are not successful during summer internship recruiting with firms, is there virtually no chance come 2nd year full time recruiting? Taking consulting as an example, if you were unsuccessful with say BCG applications in the summer would that rule out BCG full time recruiting in the following year?

I'm a second year and I can unequivocally say that this is NOT the case. Many of my classmates who didn't land internships with the firms ended up with full-time offers.

What's a typical summer internship path for those who miss out on MC spots?

 
kingfalcon MBA8717:

Just out of curiosity - if you are not successful during summer internship recruiting with firms, is there virtually no chance come 2nd year full time recruiting? Taking consulting as an example, if you were unsuccessful with say BCG applications in the summer would that rule out BCG full time recruiting in the following year?

I'm a second year and I can unequivocally say that this is NOT the case. Many of my classmates who didn't land internships with the firms ended up with full-time offers.

What's a typical summer internship path for those who miss out on MC spots?

 
Best Response
CF1988 kingfalcon: MBA8717:

Just out of curiosity - if you are not successful during summer internship recruiting with firms, is there virtually no chance come 2nd year full time recruiting? Taking consulting as an example, if you were unsuccessful with say BCG applications in the summer would that rule out BCG full time recruiting in the following year?

I'm a second year and I can unequivocally say that this is NOT the case. Many of my classmates who didn't land internships with the firms ended up with full-time offers.

What's a typical summer internship path for those who miss out on MC spots?

Most people are going for corp strat//fin or leadership development programs/general management.

 

I saw people go a lot of different ways, but the most important thing is to rock that internship and get the offer. You'll be in a strong position (stress free and validation from another employer) when you take another bite at the apple next fall.

I'd suggest an internship in an industry that you enjoy (duh), but for the reason that you can demonstrate an interest for the consulting firms you apply to. They always ask you what you're interested in, even though we all know that we're not going to really have a choice what industries we will work on in the beginning.

 

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