Don’t know how if getting offer
I’m in an internship at a BB currently, the internship lasts until I graduate and I will be told if I’m getting an offer in April, and I graduate in May. I’ve been given really good feedback from all team members, and gotten really good feedback on all reviews. However due to being over staffed I didn’t perform well on the end of summer final presentation. An analyst told me today my staffer wants to see more enthusiasm and such from me (I think due to the fact I’ve been working from home to try to help balance classes and work at the same time the past two weeks). And he’s not sure on my technical skills from the presentation, and apparently “if I’m not a fit for investment banking they will give me an offer somewhere else”.
I put everything into this internship so I haven’t networked anywhere else and it’s way too late to try to get into another firm on the same prestige and level as this one. I’m worried I will be stuck with nothing by the time I leave. Have I lost my chances of getting a return from this feedback? Or should I still try my hardest to turn things around and they are just trying to keep me motivated?
Do your best but also start looking elsewhere. Hedge your risks
Thanks! I feel like chances of getting hired somewhere else are so low because all BB IBs are fully done with recruiting. Would there be any tips for this at the current time? Also should I interpret this as very low chance of getting an offer with current team?
Look at places other than BBs, lots of boutiques hiring. Can always lateral back to BB if that's your goal
You have to look elsewhere just in case. It might not be on the same prestige level, but better now than in April when you'll need a job on 2 weeks notice. There may be some groups with an open spot or two still.
Also, the firm not deciding until April for you to start in May is absolutely INSANE regardless of performance. Get an offer elsewhere even if a boutique, go to your staffer and say you really want to work there full time, but have an offer from another firm and need to lock down your post grad plans.
If you have basically a year experience (albeit part time) and are still being hired as a first year analyst, I'd be truly shocked if this BB doesn't want you - new analysts take so long to train and you already have reps.
Thank you so much, this is super helpful! I know… it’s really stressing me out given i dedicate my entire life to this team (sacrifice my GPA) to be told “I might not be a right fit”…
I will definitely still look elsewhere in case, but I guess I’m trying to gauge if I ruined all chances of getting a return by working from home and screwing up final presentation haha, because ideally would love to stay there. I’ll start looking elsewhere and communicate that if I get an offer ASAP.
Pretty unlikely they'd pull that, as long as you are trying your best and picking skills up you are doing just fine. It sounds like they're trying to steer you in the right direction and give some feedback. Ask an analyst or associate if you can watch while they model (or really do anything to show initiative on technical aptitude) and honestly the WFH thing will be forgotten next week.
Some unsolicited advice though, set some boundaries where you can. I totally get you want to get this job, but your schoolwork is still important and you'll need the GPA if you ever decide to go down the MBA route. Way better to nicely say you are overstaffed or overextended with balancing school rather than delivering poor work.
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