Too late for MM/Boutique? Odd situation...

I am in a situation where I transferred from a school in Florida (Community College) and came to a non-target school in the North. I was originally a Computer Science major (UCF) and had no idea I was going to switch to Finance. Family accident resulted in me having to leave school and help out my family (Father was in an accident). I got an AA at the local community college and I came to the northern non-target school and by the time I knew it I was applying to SA Internships a bit late. I've had interviews with Morgan Stanley (MA R/E), Goldman Sachs and am expecting a call back from Citi for their Summer Risk Analyst program.

I was wondering if it was too late to apply for MM/Boutiques? I'm a 3.7 student lots of extra curriculars, computer science background, and some other things.

Most of my internal contacts are at BB's and since I'm applied late I was lucky to even get some interviews.

Any advice on where I should go from here? Should I look into Wall Street Prep?

Thanks,
-J

(Wonderful website btw)

 

Sorry to hear about your situation.

I'm almost on the same page. I didn't get any offers with BB and is now looking for boutiques and they are still hiring. I know that Wells Fargo is still recruiting, along with other boutiques. Since you're not attending a target school, it may be likely that these boutiques are recruiting at your school. Check it out.

 
Best Response

Hiring at boutiques (especially smaller ones) is a function of their current dealflow and prospects for the foreseeable future. This means that their will ALWAYS be some boutiques hiring, because when you are working on fewer deals adding just a little new business can mean a 10%, 20%...change in dealflow.

The bigger ones with the steadier dealflow normally hire on the same time-line as the BBs to compete for top candidates. There aren't likely to be too many boutiques still hiring, but they will be out there. It will be hard to find them, but again, they will be out there. Search like you have never searched before. Be sure not to automatically assume that just because a investment bank is smaller that it is worse, look at bios on their website and keep an eye out for top MBA programs and bankers who come from other top shops.

I am happy to help out with names/lists of banks if you give me a starting point. Is there a particular geographic area you are looking at? Also you contacts at the BBs, especially if they are VP or higher, will certainly have contacts/friends at smaller banks. Remember even though it seems like a big world, the ibanking world is pretty small. Good luck.

 

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