Anyone else do really bad for SA2021?
No offer life but expected a LITTLE better. I had a 3.7 (non-target, but still a prestigious well known school, just no big finance focus). Had a wealth management internship, VC internship, and IB boutique internship. Networked very hard too. Didn't get many resume pushes (only 3-4) because at my school so many kids want to do IB but there are not a crazy amount of BB alumni. So this means that these analysts have to hand pick their favorite kids out of like 50+ hitting them up. For the interviews I had, I believed I did very very well and have done a million mock interviews with IB analysts. However I guess some target school kids just outperformed me, so thats life.
Curious to hear how you guys did.Have heard from a lot of others that this was a really competitive year. Really bummed out but I guess I'll keep networking and pushing.
How many people did you speak with on the phone? At the end of the day, it's just a numbers game. I had my first interview in march, first superday in June, nothing between then and now, and then at the start of October, had two super days and got one offer from it at a top firm. After I accepted, I got two more invites (one to a first-round, and another to a superday). I must have spoken to 100+ people on the phone all while not losing hope (I am from a non-target as well, but didn't have any internship this past summer). Just keep the grind up, and realize that we are going through a black-swan event which no-one expected and it's a difficult situation as a whole right now.
target semi or non?
non
I think your the only one without an offer
Know a ton of people without any offers. Everyone's thinking/hoping that hiring was down this summer but will be coming back strong for FT next year.
recruiting isnt over tho I got three first rounds this week
already accepted an offer but curious where conversations go... end of the day you still got hope
I'm a different prospect, but it is a numbers game I had 7 interviews so far (nontarget, low GPA), got dinged from the first round for 4 of them, waiting to hear back from 2, and have one next week (never had a super day yet). After that I have no idea where to look as well
which firms?
hiring was def down this summer, I know a firm that hired 7 kids from our school and this year hired none
Keep your chin up man. I had like 6 super days and only got one offer at a "lower tier" MM shop. Super grateful for the offer, but definitely felt like I killed a lot of my other interviews and even had very positive verbal and written feedback from interviewers. Sometimes its just the luck of the draw. HR has more of a say than people think.
can i ask you wth did you do to stand out, because all my interviews were behavioral so far (i thought it weennntt amazing, got dinged)
Have you had a wide range of feedback on your TMAY and why IB? Those are vital and pretty much dictate the odds for a next round/offer. I’ve also noticed that a lot of candidates go into interviews not knowing much about the bank, I think that is an overlooked aspect of the interview process. You should know their business model well enough to compare and contrast with other firms. Investor presentations and the like can help out with that.
What school is it similar to?
I'm in the same spot. 3.7 GPA at a semi w/ solid extracurriculars but haven't landed shit.
Sometimes nontarget/semitarget people are expected to have higher GPAs, especially if they are business students. Noticed this at my target/semitarget with an undergraduate business school where everyone who got an offer in IB at a BB or EB had at least a 3.85 when recruiting. Of course there are exceptions, but people's chances are greatly improved with higher GPAs.
This is simply false. I had a 3.5 when I got my SA BB offer. non-target state school, non diversity. I know of others with similar results.
it sucks man really losing hope for SA 2021. What is ur plan moving forward? Small botique IB internship?
Don't lose hope, the United States are a fucking giant country with MM and boutiques in nearly all states. I'm in London and based on personal research I estimate the total number of firms doing investment banking activities there to be only 200-250.
hey man wanna pm me? Im in a similar spot as you and have a question
What school? or what school is it similar to?
Keep in mind that it isn't IB or you're a complete failure. You can break into IB later down the line if that's what you really want to do and there are a million other ways to make a ton of money in this country
Managed to land a 2021 summer internship at a BB (Citi/Barclays/CS). I go to a target school with a 3.7 but didn't have great work experience. Had a lot of first rounds and a handful of superdays. Rejected from soooo many places and often times I felt that I performed as well as anyone else could during interviews only to be rejected. Not much advice I can give to you except keep trying and keep going.
non target here, still going through the recruitment process, rejected from 5 firms when I know I did well, still have two more 1st rounds left and than Idk what to do
Just have to keep your head up! Was in the exact same boat earlier this month but things have panned out since! This is a ridiculous cycle, headcounts are being cut and I know dozens of qualified kids in your exact shoes, it is not an indictment of your candidacy. Things are pretty shitty right now, but hopefully on the upswing, particularly for FT potentially.
thank u for the response really appreciate the kind words
thank you so much!!
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