Help! 2027 SA from Semi-target

It sounds like you're in a tough spot, but there are still ways to navigate this situation effectively. Based on the most helpful WSO content, here’s what you can do:

1. Opportunities in S&T and Commodities

• Commodities Trading Internships: While internships at firms like Glencore, BP, and the ABCD houses (Archer Daniels Midland, Bunge, Cargill, Louis Dreyfus) can be harder to find, they do exist. These firms often have rotational programs or internships, but they may not be as widely advertised. Networking is key here—leverage LinkedIn, alumni networks, and coffee chats to uncover hidden opportunities.
• S&T Internships: While the main recruiting cycle may have passed, some firms still have off-cycle or last-minute openings. Keep an eye on job boards, reach out to recruiters, and stay active in networking. Smaller boutique firms or regional offices might also have opportunities.

2. Balancing Consulting Prep and Markets Focus

• If consulting deadlines are approaching, it’s wise to dedicate some time to casing prep. However, don’t completely abandon your markets-facing aspirations. Splitting your attention can be challenging, but it’s worth it if you’re passionate about trading or commodities.
• Consider focusing on transferable skills that apply to both fields, such as problem-solving, analytical thinking, and communication.

3. Coffee Chats in NYC

• Coffee chats are an excellent way to build connections and uncover opportunities. Be prepared with thoughtful questions and a clear narrative about your interest in markets or commodities. Focus on building genuine relationships rather than just asking for jobs.

4. Additional Steps

• Oil 101 and Industry Knowledge: If you’re looking into commodities, gaining a basic understanding of the industry (e.g., oil markets, supply chains) can set you apart. Resources like "Oil 101" or other industry primers are a great start.
• Networking: Reach out to professionals in both S&T and commodities trading. Alumni from your school, even if it’s a semi-target, can be a valuable resource.
• Resume and Cover Letter: Tailor your application materials to highlight your interest in markets and any relevant skills or experiences.

5. Long-Term Perspective

• If you’re unable to secure an internship this cycle, consider other ways to gain relevant experience, such as internships in related fields (e.g., risk management, corporate finance) or certifications (e.g., CFA Level 1, financial modeling courses). These can strengthen your profile for the next recruiting cycle.

Keep pushing forward, and don’t hesitate to leverage every resource available to you. Good luck!

Sources: WSO Hall of Fame: Trading Forum, 2018 Sales and Trading Recruiting (Intern), S&T interns: 3 things that got me hired, Nomura S&T Internship, https://www.wallstreetoasis.com/forum/trading/alternate-offers-to-land-st-internship?customgpt=1