Hey y'all - to give some background, I am a rising junior, have a 3.4 GPA, attend a semi-target/target business school, and am currently interning at an investment bank.
I've been shooting out hundreds of emails to firms in different states - though my ultimate goal is to do IB in New York (I'd say I'm probably getting a 25-30% response rate, which is decent). I've been reaching out to a lot of alumni and many of them seem very helpful and supportive - but I'm still a bit concerned as to what will happen during the recruiting season. While I know that attending my school and having the IB internship under my belt should put me in a good spot, I can't help but feel quite anxious about the upcoming recruiting cycle.
I feel like there is so much stacked against me, given how many thousands of kids want to do IB and how few get it. To everyone who is in their junior SA internship or are now working full time, did y'all feel this paranoid before/during recruiting?
Are you not trying to get a FT offer at the bank you are currently interning at?
So the bank I'm interning at is a boutique / LMM and they don't really give out return/full time offers to their interns due to their size. It also wouldn't be a full-time offer either, as I'm a rising junior. They seem somewhat receptive to bringing me back, though they aren't based in NYC either, which is where I'd want to end up.
Gottcha, well one advantage you have is the internship. That puts you a leg ahead of a lot of people who will be applying FT.
Everyone wants to be in NY though man which certainly will not help your chances. There are plenty of other major cities with BB and MM offices. Also, don't just shoot for the big players. There seems to be a general obsession on these forums with wanting to work at BB firms. I don't get it. You can still get paid extremely well, do the same job, and generally work less hours at a MM / regional broker-dealer firm
Oh for sure, I've literally been reaching out to firms of all sizes - in fact, I've hardly been reaching out to anyone who works at the BBs (though I'm still for sure applying). I just sort of feel like I've hit a wall or something with reaching out to people, cause a lot of the LMM / regional firms don't really have that many spots due to their size.
Cool cool, yea it's definitely a numbers game so the more people / firms you can contact the better. It's normal to feel anxious man. It's not just an investment banking thing though, I mean any student searching for full-time work experiences that. You just have to keep pushing through and believe that it is going to work out.
Gotcha. appreciate it bro
dude, literally everyone feels anxious, what was the point of this thread
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