Laughed at —> Top BB
Recruiting kicked my butt this year, so I want to share my story for all those who start recruiting late. I've got a decent GPA (3.7+) in finance/econ from a non-target that has enough kids aiming for banking to have a banking club on campus.
Last November I heard about investment banking for the very first time, and near January I decided to shoot for it despite knowing that I had barely any internship experience + that it's one of the most competitive jobs to get in the world + that I was far behind most target kids who start college knowing they want to work in investment banking. I have ZERO family members in the finance world (they're all plumbers for the most part) so I had no connections previous to this year. I also had almost no internship experience at all, much less finance-related experience. I had never written a resume so even that was hard.
I joined the banking club right when recruiting season was kicking off and I didn't let anything stop me. I started answering technicals on day 1 despite not knowing how to answer them, and everyone laughed at me when I got them wrong. I started reading everything that I could, then less than a month later I paid to fly out to New York to network. I had no idea how to network - I didn't even have my "story" figured out. I barely knew how to describe investment banking + I was looking for an internship for summer 2020 ON TOP of recruiting for my junior year summer. It was a lot to balance, to say the least.
Networking paid off
I reached out to anyone and everyone, and I spoke with ~30 people on my trip just by using sheer willpower. I was unprepared and most of them brushed me off when we met. Even alumni were rude to me, which was something I didn't expect. I understand that your job isn't to help every unprepared kid who comes your way, but honestly, some people were ruthless for no reason. I found a couple of mentors on this trip who have stayed good friends despite all else though. I'm grateful for the few friends I made because I couldn't have done it without their help.
When I got home I landed a banking internship at a small boutique so I felt like I was on the right path at least. Since that trip to NY I've refined myself and my approach. I spent a couple of months practicing everything, coming up with solid answers, and doing whatever it took to succeed. After that I sent out hundreds of cold emails and got on the phone with whoever I could to get my name out there again.
Landed the offer from a top BB
I've been through the interview process with 15-20 firms, I had superdays with 9 of them, got 2 offers, and just accepted an internship with a top BB next summer. I finally made it, and it was all worth it.
Thank you WSO for your support + abundance of resources. If I didn't have access to this website then I'm positive I wouldn't have made it. Keep your heads up monkeys; the world can be ruthless but you'll break in if you keep pushing forward.