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

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?

 
Most Helpful

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

 

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

Array
 

Eveniet rem eum voluptates. Animi ut a sed pariatur nobis reprehenderit in.

Sapiente velit porro velit. Provident distinctio et fugit consequatur adipisci. Eos aspernatur autem at suscipit voluptatibus et. Quasi laboriosam libero nisi molestiae dolorum expedita.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

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...”