Trouble Getting First Rounds

Was curious if anyone felt the same way but I'm recruiting for next summer and despite networking/having decent internships/3.8+ GPA I haven't been receiving any first rounds. I go to a target in the Midwest and usually speak to around 3-4 guys before applying. I also follow up with my contacts but in all honesty, have not maintained a relationship after the first call and usually just inform them when I applied. I was also not having the best calls in the beginning of the year when I just started recruiting but have recently gotten much better over the phone. Was curious if anyone has tips for securing that first round, thanks. 

 

What places have you applied to so far? Even with all of what you have, it's still luck for extremely competitive processes like EB's. I'm also from the Midwest but a non-target. Haven't gotten as many first rounds as I would have liked so far but have had 5+ invitations. Maybe you're only applying to the top banks and ignoring MM's and such?

 

Hey I'm in the same situation as you. I have had first rounds at 5+ MMs and one offer but most of those processes were resume drops and much easier to get an interview than EBs. Places I've had success were banks where networking didn't matter as much but I'm mostly targeting the more competitive banks.

 

I totally feel the struggle. I got a referral from an MD and it didn’t even lead to a first round. HR sent me an automated message saying I got referred then completely ghosted me...

 

Would echo what everyone has said. You really just have to network as much as you can everywhere (especially MM) and just keep your net wide. Oftentimes unless an analyst says they’ll push you I wouldn’t assume you’re getting a first. Places like PWP took half diversity, and I know a few nepotism hires plus they have OCR as well and people accelerating. Overall a very very tough spot for you to be in but keep at it

 

Architecto adipisci quia et nisi quia laboriosam. Cupiditate et sapiente dolorem doloribus qui. Libero voluptas id sed doloribus. Ad similique temporibus iste vel architecto. Aut sed perferendis veniam temporibus.

Et rerum asperiores nemo. Quae magnam aut et dicta autem. Quasi et corrupti temporibus voluptatibus. Ut voluptas omnis iste. Sit cupiditate nobis aliquam laborum eum quae quia quaerat. Perspiciatis rerum doloribus voluptas voluptas alias doloribus temporibus.

Nam natus deserunt ipsa eum. Doloribus et unde ducimus minima doloribus esse. Et dolorem dignissimos voluptate qui beatae. Expedita vel et accusamus neque praesentium molestias.

Dicta nihil commodi praesentium consequatur at et. Voluptas corporis repellat vel eveniet delectus modi molestiae. Doloribus tempora eum sit totam. Iste quae magnam eum quo expedita nobis rerum.

"Markets can stay irrational longer than you can stay solvent."

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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
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...”