xposted due to recieving no useful replies on other forums.
Stats: 3.5GPA, top public, summer analyst at $25B asset manager junior year, intern at $1B boutique asset manager sophomore summer.
Didn't receive a return offer to my summer. I've received 8 interviews, 3 final rounds for AM RA roles at large asset managers (Fidelity, D&C, etc) but haven't converted any of them. Some of this is on my interviewing skills, yes, and I'd love it if someone could help me with mock interviews and legitimate feedback.
However, at this point I'm out of options for large asset managers. It's where my experience all comes from, and I've somewhat neglected recruiting for sell-side since I thought I could get an offer in AM. I don't think I have the resume at all for IB and I've always found it tough to sell my passion for it. Private equity is interesting but I always feel like PE shops are looking for IB or PE experience, not AM. I've applied to a couple but never got any interviews.
HFs are obviously the next option, but it seems that the top ones hire few full times, and usually those that do are like 4.0, summered at Bain/Goldman Special Sits/etc. I'm fairly sure I can measure up, but my paper background is just less impressive.
It's been legitimately disheartening to get so many rejections and I feel like recruiting processes are wrapping up everywhere. I don't know where else to find opportunities.
My current idea is just to whip up the best pitch I can and just start shotgun emailing it to every fund I can find, but I feel this is a last resort if I'm completely out of luck, as this is time-intensive not only to make the idea itself, but emailing is low hit rate too.
I have a rough pitch available if anyone is willing to look it over and give feedback. I promise it's not shitty, and I'll work on refining it.
Does anyone have any ideas or advice? Much appreciated to all that have any. I genuinely need the help.
8 interviews and 3 final rounds isn't bad at all. If your school has an alum network, you could try e-mailing or calling alumni that work at companies you're interested in. You could also look at smaller, more boutique funds.
Yeah I suppose this is my next option - just doing the shotgun email thing.
Do a 5th year? Is internship recruiting all done?
I don't particularly want to... And all internship recruiting at this point is finished as well. I have nothing else to gain except delaying my chances to get a new offer and reinterview.
Why didn't you convert your junior internship? What problem are you running into during your final rounds? Are your pitches any good?
They only gave I think 1 offer to the three of us. I was kind of awkward to be honest, and I never developed good relationships with the people there. At risk of giving away my firm, I was more just assigned random projects by random people at the firm, rather than being assigned to a specific team/person, and only spoke with my project supervisors like two times a week. Also I didn't like most of the people in general. It wasn't well structured, and tbh, even if I had the offer, I would have recruited for new offers, it just would have been a lot less stressful than it is now.
W/r/t interviews, I honestly have no idea what the problem is. I've asked for feedback at all of them. One final round interviewer gave me feedback, which I corrected for subsequent interviews, but the other final rounds didn't give me any. For first rounds, nobody gave me feedback. I'd really appreciate it if you could mock me and give me honest feedback.
My pitches are good. I can send a link to one if you'd like that I used to get my summer internship. I've updated it slightly. I'm still working on my new one but have the pitch down orally.
Sure happy to review for you, DM please
I'd try smaller funds. Landing an investment role is much more important than getting any role at a big company.
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