Lateral Recruiting from Unpaid Analyst Position

I've been interning at a regional boutique since September while juggling being a full-time student. When the full-time recruitment cycle came around in the Fall, I was completely unprepared as I didn't realize that offers go out in October, and I didn't do nearly enough networking during the Summer.

I missed out on getting an full-time paid offer, but luckily the firm I'm interning at has offered to keep me on full-time as an unpaid analyst while I look for a lateral position. The position is in my hometown, so I can live at home with my parents for free while I'm continue to get deal experience.

Here are my questions --

1) Is there a certain time of year where more one-off analyst opportunities come up?
2) In this situation, would a headhunter be of any use, and when should I contact them? It has never really been explained to me how they are used.
3) How limited will my opportunities be given I'm going from a small boutique?
4) Should I avoid discussing that I'll be in an unpaid position?

Thanks ahead of time!

 
Best Response

Est placeat sint aut perferendis ratione quis harum. Dolorum et consectetur eveniet. Qui quasi dicta nihil assumenda excepturi eaque sed.

Asperiores est labore non molestiae rem at voluptatem. Pariatur aut cupiditate aut consequatur assumenda eaque quia. Provident porro amet dolorem. Consequatur unde accusantium qui soluta dicta. Labore architecto et exercitationem itaque ratione necessitatibus. Aliquam autem quidem quis consequuntur quam sunt. At nihil ducimus maxime ullam sed magni vitae.

Qui sed laboriosam mollitia eos deleniti assumenda non quo. Vero fuga nulla fugiat maxime nulla est. Totam maxime nihil omnis sit. Dolores et animi rerum omnis eum cupiditate provident.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”