Didn't get an S&T SA Offer...
Hello everyone,
I am somewhat new here. I am a current junior at a non-target who wants to work in S&T. However, for this coming summer, I did not receive any offers in S&T. I wanted to reach out to the community to see if any of you are willing to help with career/recruiting advice for when full-time recruiting comes around. I am not here to waste your time, I am here to listen, learn, and I am driven to get a full-time offer when that season returns. I'd be forever grateful for any advice or insight any of you can offer, Thank you.
Do you have any offers for this summer? Even middle/ back office? I was in your shoes, didn't come from a finance or target school. Knew I had no shot at front office in my first internship and didn't know to apply to any spring weeks, so I applied for operations and did my time there. Didn't love the work or the people (felt like there was no drive - everyone there did a real 9-5).
Worked hard, networked, got my work done and got my manager's blessing to sit with front office teams, did some time there and made contacts. Took what I learned and worked my ass off at learning the material necessary for markets in my free time, read lots of books on the subject, spoke with experts and friends in the field. Then applied for a second internship in S&T and got multiple offers from BB's. 9 out of 10 times, recruiters appreciate that kind of hustle.
It's possible, you just need to bide your time and work for it. You're only a junior so I suggest you try to land a middle/ back office position and work your way forwards. Hope this helps.
Thank you for your response, and I love the story of your hustle. It looked like a lot of the middle/back office positions were filled up by the time I had realized that was a viable option to maybe break into S&T.
Hmm, if that is the case, it sounds like part of your problem may have been you applied too late. Banks typically fill front office functions first, then middle/back office, so if you were finding middle/back office closed already, it's likely all front office positions were already filled even if the application was still open (it's not great for applicants, but banks tend to take applications even after they've filled positions). Applying early makes a big difference - I suggest figuring out what dates applications are released for next year.
Your best bet now is to probably look buy side at the type of BB-buy side firms such as Fidelity or M&G, as they tend to release applications a touch later. If you don't have experience, though, and want to play it safe, I still recommend applying for middle/back office there as competition is steep for those kind of firms. If all else fails, even working at your local wealth management office or at a boutique is better than nothing. Soak in all you can, try to get involved in extra projects, always ask your manager for more work, and prove you're good enough for the BB's. Then make sure to apply early for next year's recruitment cycle.
Apologies I can't offer any better news - the banking recruitment process is very structured and knowing how to play the game is half the battle.
try for a technology internship (and in the meantime, teach your self how to program from youtube videos). Learn Python, Excel VBA, and SQL. These are all easy, and self teachable.
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