Investment Banking Recruiting and Feeling Hopeless

KeepRunning's picture
Rank: Chimp | banana points 13

I'm an international student and I'm about to become a senior at NYU and I'm studying math and economics and I have a 3.4 GPA.

This summer (before my senior year) I interned at VC in NY and have gained good experience but nothing on the technical side.

I'm trying to get into investment banking but it just seems like everything is going against me. I feel like I'm late. Being an F-1 Visa international student doesn't help either. Not having real IB or CorpFin or finance internships doesn't help either. I feel so stuck and it's weighing heavily on my mental health and I don't know what to do other than keep sending emails to people in IB and never getting replied back. Do I still have a shot at getting a full-time position? Should I keep pushing? Should I refocus my time and energy to something else?

I want this so badly. Please help.

Comments (16)

Aug 26, 2018

KeepRunning, shame nobody has responded. Maybe one of these topics will help:

  • Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond competitive nature of recruiting. Just like in investment banking, internships are absolutely critical in ... pages. If you have a strong resume that demonstrates investing or finance experience- feel free to attach ... A career in the hedge fund industry is one of the most desirable careers in finance. Money is ...
  • Should I get an Accounting, Finance, or Economics Degree? time position. (doing all above make this easier). Accounting vs. Economics vs. Finance While a firm ... foundation in accounting is important for any career in Wall Street, you aren't likely to need a major ... in it unless you plan to be an Accountant. You can choose either a major in economics or finance and ...
  • What to do when SA recruiting is done? done, I'm feeling a bit lost. I feel like I've dedicated the entirety of my college career to ... landing an investment banking offer, and now that I've accepted the offer, I don't know what to ... I was extremely fortunate to land a BB SA offer for summer 2018. However, now that recruiting is ...
  • Investment Banking Recruitment Dying Down... What are my options? with almost every bank and PE firm that recruits on campus and even made it to a number of superdays ... recruitment this past year was instrumental in my ability to land interviews/superdays these past few weeks. ... That being said, some advice would be appreciated moving forward as I feel "stuck" in my ...
  • Is age a problem in Investment Banking recruiting? a novelist so I spent two and a half year writing, then changed my mind and decided to go to college). I feel ... like I am too old compared to other peers seeking for IB placement, is age a problem in recruiting? to ...
  • How to best prepare for a career in Corporate Finance numerate/logical))))))) Thank you! corporate finance university engineering UK accounting Investment Banking tips ... IB's opened for pre-university students, and have also applied for work exp. in investment management ... in finance/high finance at all, though I feel like if I don't narrow down my options now, it
  • Starting Investment Banking Career in an emerging market vs US city Hello all, If faced with the decision to start your career at a BB in an EM (LatAm, for instance) ... vs lesser known IB or PE firm in the US, which would you choose? I feel as though the BB brand ... (especially if at a JP / GS /MS) can still carry weight to US buyside recruiting, particularly if one is ...
  • More suggestions...

If we're lucky, maybe these professional users will respond: @aech11 @myliou @Kay-Mittal

I hope those threads give you a bit more insight.

Aug 30, 2018

bump

Most Helpful
Sep 2, 2018

@KeepRunning I can relate - I had no internship experience at all after college (I majored in Biology at Imperial College in london) and none of the banks here in asia would take me. I went as far as to offer one of the boutiques to be an intern (i was already a full time at PWC then) because I really wanted to get in

It took me 5 years before I landed a stint at CS's FIG team and did that for 2.5 years before moving to growth equity

Keep going because the moment you stop trying, that's when its really over

Best of luck

    • 3
Sep 2, 2018

It would be an interesting story to hear, have you thought about writing a post about it? Especially for the CS FIG -> GE.

    • 1
Sep 2, 2018

Big thanks for the suggestion - might take you up on it sometime later if it helps others haha

    • 1
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Sep 5, 2018

I concur, would make for quite an interesting story. If you feel like it, would you mind writing a post detailing your experience? thanks!

Made ya look

Sep 3, 2018

OP, are you applying to IB postings and emailing bankers with no response at all? Maybe you should anonymously post your resume up on WSO (with major identifiers changed) so users can see if it's a matter of how you're crafting your resume. I would think if you had a good summer experience at a VC firm in NY, you'd at least get some looks...

Are any of the VC team members ex-IB themselves? Maybe they can help with intros or know some friends that are bankers. You can use this option if you have good rapport with them.

Another thing is - are you dead set on IB? Was their an option to go back into VC as an analyst?

Lastly - have you also looked at IB roles back in your home country.

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Sep 5, 2018

Former F1 turned H-1B here (finally green card carrying 8 years after graduation). At this point, focus your effort on Big 4 TAS-type roles and then lateral later. With H-1B becoming harder to obtain, banks will be reluctant to foot the bill for a full-blown H-1B application and still run the risk of not getting it.

There's always MBA down the road but it's safe to say that it's possible but very difficult since your GPA isn't helping and neither is your status. I would suggest you to look at IB roles in your home country / continent but that is still not easy with your GPA and lack of IB internships.

Sep 6, 2018

Hey Man-would like your perspective on whats the situation for international MBAs as far as Banking recruitment is concerned. Are most Banks ready to sponsor H1B? Is it better to do Consulting at a 15-20ish school?

Sep 5, 2018

More banks have appetite to sponsor post-MBA associates but some banks are more open to dealing with visas than others (MMs like HL and JEF, IMO)... I would personally overweight banks over consulting.

Sep 5, 2018

Start looking at MO roles like risk maybe or try for economic consulting at a boutique or something

Sep 7, 2018

Have you considered (not) hanging yourself?

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