Originally Posted by JilSlander
Got let go recently from my first FT job out of college. Been doing part-time intern work for a small PE fund in the meantime. Reached out to temp agencies/recruiters, but no solid leads so far.
No idea where to go from here (goal is Consumer/Retail IBD). I have previous internship experience, but not enough to go back for a top 20 MBA.
Any advice/tips? Thanks.
Edit: Living at home, no major expenses, getting on calls/coffee meetings everyday, etc.
That happened to me too although it was 2009 and my entire group was basically shuttered (MBS group at a big bank). I took a few months off, swallowed my pride and went back to the same bank in a corporate finance role, and within 5 months got picked up by an IBD group. Ended up in a much better place even though I basically lost a year in the process.
Was your first job in IB? Get a finance job as proximate to banking as possible --> build relationships with as many bankers as you can ---> target a handful of groups you're interested in and really try to develop multiple contacts within those groups ---> be ready to interview when your name is called.
As hard as banking is to crack into out of ugrad, I think its surprisingly easy to hustle your way into afterwards. Banking groups have extemely high turnover at the junior level and often times just need warm bodies to fill seats (especially when people leave between recruiting cycles).