Should I delay graduation for 1 semester or graduate? (Potentially salvageable situation)

John-Jacobs1's picture
Rank: Gorilla | 724

Just wanted to see if this option was viable for me. I've read through most if not all the threads on WSO and M&I articles about delaying graduation so I hope I fall into a category where I'm not beating a dead horse. Currently 3.5 GPA (post recruiting cycle improvement) at a nontarget. Have 3x internship experiences (1x boutique IB internship).

My questions are:
With this improvement + recent IB internship, is it worth it to delay graduation for 1 semester to find an internship over the summer?
(I've been networking pretty heavily (~50-100 emails per week) but haven't really turned up anything other than "you're too late" for FT and internship roles.)
How do I approach contacts I asked regarding FT roles and tell them I'm looking for internships + moved my graduation back?

Comments (18)

Dec 28, 2018

bump

Dec 28, 2018

bump

Dec 28, 2018

I am in the same spot, and have asked this question before. I get zero replies. Bumping for interest.

Dec 28, 2018

My first question is, what was your original graduation date? Spring 2019?

Dec 28, 2018

Yes, May 2019. Also school is T100 non target with solid alum network I've been having success with.

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Dec 28, 2018

You're not going to like what I have to say, but take it with a grain of salt (obviously)...

1) Moving your graduation date to Fall 2019 isn't going to make much of a difference because most of recruiting for Summer 2019 is done.

2) If you're planning on applying to 2020 internships/FT (jesus christ)... then you can sneakily put Jan 2020 on applications and hope you don't get filtered out by the system, but I know some BB require that you return to school after your internship so idk how that would work for you... and honestly its a huge waste of time for you.

I'm not sure how you can reach out to people again that you've already reached out to. I feel like everyone only gets 1 chance.

It would've been different if you were told by someone at a firm to specifically prolong your graduation and they'll take you, but you're just doing this on your own.

Is it worth it to prolong your graduation? No.
Contacting your contacts again? It'll be hard to not to look like you are indecisive and don't know what you're doing (and also a little desperate (but aren't we all?)). I honestly feel like it'll be pointless and I doubt many would respond anyway.

Just my 2 cents. sorry for typos, on the subway

    • 1
Dec 28, 2018

bump

Dec 29, 2018

Honestly - it's not worth it. Just keep banging on the doors for other financial service jobs. Try and get into a small, regional hf or pe shop or go do something completely different and more interesting. I doubt you'll regret it. If you regret your choices you can always go to bschool.

    • 1
Dec 28, 2018

Could I ask why it isn't worth it? I'm in a much better spot than I was last year and am prepared for the recruiting cycle with an IB internship and networking.

Dec 28, 2018

bump

Dec 28, 2018

bump

Dec 28, 2018

bump

    • 2
Jan 1, 2019

Agree with already made points that it's not worth it with no summer offer in hand. Recruiting is going to be extremely difficult, especially for PE/boutique IB, as people with a 3.7+ who "missed recruiting" by August/September have already taken the majority of those. You can be as prepared as you want but you are 4-6 months late on the SA cycle.

Keep reaching out for FT roles, look into different regions or more niche firms. Asset management is one where they are more lax on FT timelines

Dec 28, 2018

And if I do have a summer offer in IB?