From 100 Plus Rejections, To Accepting A Great Offer

Good morning,

I am posting my success story for a few reasons. First, to (hopefully) inspire someone in a situation that I was in. And second, to thank members of high finance and this website specifically.

I will try to keep this as brief as possible.

Background

Why High Finance

I had aspirations to be on Wall Street at about age 15. Keep in mind, for all the wrong reasons. Then early in college I decided that I wanted to become a financial advisor, as I had a great role model who thought I would be very successful in that field. Then during my junior year in the fall at a non target school in the pacific north west, I began reading wall street oasis. I was reintroduced to the idea of becoming (to quote the book *Straight to Hell*) "A big dick swinging banker." (To clarify, this is a joke. I do not think that book is truthful, as someone questioned in the comments, and it is simply a reference and a light hearted joke. I just wanted to break into high finance.)

Where I was at

Now being very late on the recruiting chain, and under qualified compared to most in high finance, I had limited options. I began networking HARD. Every day over winter vacation was spent on my laptop emailing, cold calling, on linked in, reaching out to alum, friends, friends parents, etc. For about 10 hours a day I sat on my couch, in front of my laptop, trying to connect with anyone who could help me out. Fortunately for me, I had a few alumni who sent me in the right direction, and helped me immensely.

After reading several articles, I realized that many of my hours were wasted. My resume, cover letter, and other methods of reaching out were not up to par. Rather than dwell on my mistakes, I learned from them. I reached back out to previous contacts, and continued pushing. If you take anything away from this post, lesson one is **do not dwell on mistakes**. Reach back out to people, learn from the mistakes, and continue to grind it out.

Dealing with Rejection

During my entire life I really never faced constant rejection. If I was rejected from something, I would usually bounce back and be ok. I received a scholarship to play my sport of choice for college, I had internships at high school in a law firm and a congressman's office, and I had early success in my life. During Sophomore year I received three summer internships for Financial advising, a nonprofit, and a political office, but did not pursue any of them due to family reasons. Applying for high finance internships I was rejected, a lot. In a big way, this rejection was one of the best things that ever happened to me. I firmly believe that rejection can really help people. Rejection is not failing, which is something I have just recently understood. Being rejected means you tried, and though you did not ultimately get what you wanted, you gained feedback, you maybe had a chance to practice, and you are more prepared for the next chance you may receive. Rejection for me really helped me evaluate my position in life, where I was, where I wanted to go, and the most effective and efficient route I could take to get there.

Networking/Trying to make it

During my networking, one important contact I made via a cold email. He kindly agreed to speak with me about his career in IB. He and I spoke a few times, emailed back and fourth, but ultimately his small firm in the Mid West did not hire a summer intern. I offered to work unpaid, and they were still not interested. This was the lowest I had felt during my search. To work for free, and still not be wanted, was not a great feeling. However I understood, as the time it would take them to train me, and my minimal, if any, contributions would not be worth the time it would take to get me there. But what was lesson one? press on. This would become a theme almost in my search, getting close, interviewing, connecting well with people and feeling like I could win the offer, to not be hired. Whether it was them not hiring, or selecting other people, I just wasn't landing offers. Ultimately I was rejected well over 100 times in a four month span. Some random company applications, some final round interviews where I had contacts on the inside, and some in the middle of those two.

It's always darkest before the dawn

This is right about the time (March) where I had exhausted contacts, and almost felt like my search for an internship was futile. I really considered going to the city my girlfriend was going for the summer, working at Starbucks, and meeting everyone in the area that I could who worked in high finance to network. However right as I started to feel down, I connected with an alum who was a consultant in a southeastern city. I had never really considered consulting, I always wanted to be a banker, but I gladly scheduled a phone call to learn more about him, and **ask for guidance and or help**. *(Something I have noticed with people in general, not specifically bankers, but people as a whole are they are unwilling to ask for help. Why? to quote Don't Eat Alone"Everyone you meet is a chance to either be helped, or help them" So please ask for help. Don't be afraid to ask for things, everyone in their life has been helped by someone else, and the best thing you can do is either help that person in return, or pay it forward and help someone else when you can.)*

Keeping an open mind

During the phone call, I realized that I had never really considered consulting, and furthermore, had no idea what a consultant really did. Another key note here is to **KEEP YOUR OPTIONS OPEN**. Do not assume that you are meant for something based off of a book that you read, a quiz you took online, etc. Always keep options open, and do not talk down about career fields that you may not know about. I see this all the time on this website about private wealth management or financial advising. Just because it may not take a niche skill, does not make it a bad field to go into. If you want to purse that career, do not let anyone judge you. The only person you have to accept the outcomes of the decisions made in the past, is the person you see in the mirror.

From "down in the dumps" to "on top of the world"

To continue, I had interviews in the alums consulting office in the southeast, I felt great about the interviews, how I connected with the people I met, and I felt great about the case study, and that I was finally about to land the internship I was desperately seeking. I got rejected after the final round. In a state of shock, I emailed my alum and thanked him for the opportunity, and asked for some feedback. I was told that I did great, and that I was highly considered, but not chosen. (I was given reasons, and these helped me in my next interview) I do not know if this was BS or sincere, but I felt deflated. My alum then told me that he would reach out to some other friends in consulting, and get back to me. But during this process I learned a lot about consulting, a lot about myself, and most importantly how consulting interviews and banking interviews differ, and how to spin previous experiences just a little differently to be more appealing. Expecting to never hear from him again, I started looking over other options. I then received an email from the alum, with a CC to one of his consulting friends. After a few emails and a phone call with a random consultant I was told to speak with, I had an interview. I made it through to the final round, and of course had the flu during my last round. After struggling through it, I ultimately landed a summer internship, in a great city, for a well respected firm that I am very excited about.

Epilogue and Thank you's

Also, to the people who have helped me out along the way, I am extremely thankful. And if I am in any position to help you out in the future, I will. However the main thing I can do is pay it forward, and always attempt to help someone who reaches out to me, not matter how irrelevant they may seem. For example, I have started helping freshman in my fraternity build a plan to pursue high finance, even though I certainly do not have it all figured out, I just want to help them start that initial research on what jobs they might want, and how to put yourself in the best possible position to get them

Thank you again to all members of this community, I love discussions on here and am very fortunate to have found this website. Great members, and I hope this post will inspire a few people who currently feel a little lost, like I was.

Thanks again everyone! Sorry it was so long!

Mod Note (Andy): Throwback Thursday, this was originally posted May 2017

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Comments (32)

May 21, 2017

lol! Wu Tang Financials! Good stuff !

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May 21, 2017

SB'ed, great story.

May 21, 2017

Way to grind, man! Wu Tang Clan ain't nuthin' ta fuck with!

"We listen, if it feels good we shake."
"This town is nuts, my kind of place."
-WSMFP

    • 1
May 21, 2017

"Rejection is not failing, which is something I have just recently understood. Being rejected means you tried, and though you did not ultimately get what you wanted, you gained feedback, you maybe had a chance to practice, and you are more prepared for the next chance you may receive"
Love it! -more people need to get this, you're a legend

if you want to succeed as bad as you want to breathe, then you'll be successful

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May 21, 2017

well done.

You given up on banking?

Absolute truths don't exist... celebrated opinions do.

May 21, 2017

I have not, I am looking to see how I like consulting this summer, and then make a choice for what I want to do straight out of undergraduate.

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May 22, 2017

You can never GIVE UP. You MUST always be INNOVATING and DISRUPTING the industry to SUCCEED.

    • 5
May 23, 2017

Yes, cause this is Silicon Valley. A1 angel rapist, A1

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Best Response
May 23, 2017

lol banking blows bro.

Also, love the career advice from 21 year olds.

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May 23, 2017

Not attempting to give career advice to anyone older or more established than me. This post is meant to be a resource to people who may not feel great about their current career optics.

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May 23, 2017

Most of the banks were actually thinking about making him Global Head of Investment Banking brih, that's why he can offer advice at 21

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May 24, 2017

How did you know that!? You must have been one of the head hunters recruiting me!

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May 23, 2017

In the same boat Wu Tang. Non-Target school that may be making its way into Semi-Target range. Didn't know what I wanted to do with my life but knew it was Finance related. Two months before graduation I felt an attraction to macro-research/market analysis and now its doing everything I can to break in. I intend to sit in my school's trade floor every day over the Summer and get Bloomberg certified and utilize my alumni network, a well as the PEOP function to reach out and ask for advice. Thanks for sharing your story!

If you ever read something and at the end go "What the hell?", look into it.

    • 1
May 23, 2017

Best of luck! Keep getting after it, hard work pays off and puts you in the best position possible.

May 23, 2017

Now that you're a consultant, make sure to push your clients to diversify their bonds.

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May 24, 2017

SB'd for phenomenal reference.
For those who don't get it,
Diversify your bonds.

'I'm jacked... JACKED TO THE TITS!!'

May 24, 2017

If they aren't properly diversified, they aren't my clients. Love that reference, SB for you.

May 23, 2017

Congrats @Wu_Tang Financial ! Great to hear your story, and good on you for remaining persistent in the face of adversity.

May 23, 2017

I've noticed that a lot of young people here like to reference and quote GSElevetor's book: Straight To Hell. After giving it a read myself, I'd discourage any one from thinking that it is anything other than fiction. Besides the fact that it unabashedly tries to imitate Bret Easton Ellis's American Psycho (fiction) in terms of writing style, it is authored by someone who admitted to being a charlatan.

For a more realistic read, I'd seek out Rolfe/Troob's book: although it might be a little dated, it is still entertaining and more realistic.

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May 24, 2017

Yeah, I was not trying to be serious about that quote. I know that book is 110% fiction. I'm glad that you got the reference, but it was a sarcastic one. However I will check out the book you mentioned, I have not heard of it.

May 24, 2017

Not dwelling on mistakes... I once went through an entire recruiting season of submitting my resume with an OBVIOUS mistake on it through my school's OCR. That still pisses me off 5 years later.

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May 24, 2017

I meant it more in a sense of let it go as nothing you can do can fix the issue. However It is important to remember these mistakes so you do not make them in the future. I too have had this kind of "rage" where you remember a small detail you may have missed or had a mistake on a resume. Not fun, but you probably never made that mistake again huh?

May 24, 2017

Congrats man! Keep up the amazing work both on and off the site.

Just an Undergrad trying to get a job. Something you disagree or dislike about my posts? Let me know by PM'ing me or commenting constructive criticism.

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May 26, 2017

What type of consulting will you be in (MBB/Big 4/ Boutique)? Most consulting firms stop hiring by spring time so congrats to you. I am looking to break into consulting from a non-target in the Mid Atlantic, was wondering for any advice

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May 26, 2017

OP is a vivid example of someone having the growth mindset (by Carol Dweck), which is necessary for becoming successful in pretty much anything.. Best of luck with whichever path you choose!

Jun 2, 2017

Hey Wu Tang. I am in somewhat of the same situation and it is very encouraging to know that someone like myself can make it. I wish you nothing but success in all of your future endeavors!

Dec 30, 2017

Congrats Wu Tang, keep crushing ruthlessly

Mar 8, 2018

Congrats man, Wu tang forever

Mar 11, 2018

I think this is all excellent advice. I've had a lot of similar experiences especially when networking, but there's a lot of great firms out there

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Mar 11, 2018

Congrats Wu Tang, wishing you the best in your career

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Mar 13, 2018
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Mar 14, 2018

Carl Van Loon
Van Loon & Associates