Too late to get a new job post graduation?

I work in AM for a large BB. I am an intern and have worked there since January 2017, so a year plus. I did not go through the normal hiring process since they needed some interns in January and then they just kept me on throughout the year. PT during school, FT during summer and breaks.

My boss confirmed with me multiple times that I wanted to stay on after I graduate in May 2018. Last week she pulled me aside and told me headcount is really high and I might have to transfer to a different department (Department B) within AM.
However I have less interest in this department and I think my skills are not as good of a fit, they would prefer someone with a more technical background which I don't have. My MD oversees both departments and sent an email to the VP of department B. This VP replied back to just me and told me to "manage my expectations" and "not to get my hopes up".

From the sound of this it seems that I am not really likely to get this job. I don't know how fucked I am but I assume I am pretty fucked. I have asked my VP for recs for other departments but I think I need to start looking for another job.

However ITS APRIL. There are almost no positions that are even comparable to the one I have now. I have accepted I might take a pay cut but I can't find anything that is somewhat similar. I am not sure what else I can do or why my boss waited until April to tell me that headcount was too high. I don't know why I wouldn't have been let go of earlier so I would have time to find another job. I have been here for 1 1/2 years, and every season I have been asked to stay on. They have 1 new analyst who graduated in February and interned summer '17.
Is there anything I can do now?

 

monkeyalm, sorry about the lack of response. Maybe one of these topics will help:

  • 8 years old with no finance experience, too late to get into PE? Hi everyone. I go to a top feeder elementary school and hoping to get into MM or hopefully MF PE ... getting a bit tired from my sugar crash and need to nap soon but any advice would greatly ... appreciated.-Timmy Mod Note (Andy): top 50 posts of 2017, this one ranks #1 (based on # of silver bananas) to Monday, ...
  • Too Late to Start from Scratch and Apply for this Round for MBA? (Specifically CBS) Hi all, hoping to get some feedback on a little predicament am in due to my own indecisiveness and ... I picked a poor time to have this "ah hah" moment. My main goal is to get into Columbia, but ... general confidence in my test taking skills and ability to get a decent score (but this will be on ...
  • Submitting a New Job Application After Accepting an Offer? Too Late to Renege? Many people have posted about continuing to recruit after signing, but what about actively ... submitting new applications? For further context, I'm a senior at a target who accepted a job at ... appeared on my school's job page that I would like to apply to (and would accept over my current ...
  • Is it too late to start studying CFA? I plan on taking CFA level 1 this year but started a new job and didn't get started as early ... as I'd like. At this point do you consider December to be reasonable or should I wait to sit for ...
  • Too late to switch? that would allow me to cut out the schooling and get a job for next year? I have a lot of connections ... high school. A couple years ago, before I started teaching, I was eager to get into finance. ... financial gain. But because of things people said to me on this forum, I didn't think I could ever get ...
  • If You Want to Learn How to Get a Job on the Street, Read my Story understand that ITS NOT IMPOSSIBLE to get a job on the street coming from a Non-target school. I'm sorry ... to so I took a job at a very small (8 employees) accounting firm, really just doing administrative ... aspirations were completely over. I knew that my odds of applying to FT jobs without internal internship ...
  • Too late to career switch to trading? trading since some time. I started to trade equities in my personal account to get my hands wet and am ... as a full-time career. I read a lot of posts here about how to approach this but a few things still ... get there), somehow I feel nervous about losing the prestigious name of this BB attached to me? Is ...
  • More suggestions...

Any pros willing to rescue this discussion? JHartman0405 @Victor-Chiew1" Agdagd317

Hope that helps.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Best Response

Alias voluptate ut velit. Eveniet qui impedit ducimus dignissimos delectus. Soluta inventore illum dolores et dolorum. Nemo qui ut esse quis ad harum.

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...”