1st Big Boy Paycheck - Keep your heads up!
Dear fellow monkeys,
I've been meaning to write this for a month or so now, but hadn't gotten around to it. The reason I felt I had to was because it could be of some use and/or inspiration to many of you out there still looking for a job, and just so you know, there is hope for everyone if I managed to find one. I just received a full-time offer at an M&A boutique in Washington, DC last month.
My background
To give you some background, I graduated from a non-target Top 50 undergrad business program last year with a 3.6 GPA (worked hard, but also smart). I was involved with the finance club and a social fraternity (E-board member for both). I was/am also an international student (Romania). Starting my freshman summer, I interned for various financial institutions back home (retail banking, investment banking and M&A boutique), but never managed to secure an internship here in the U.S. (mostly because I was unorganized and didn't have my shit together). Needless to say, when graduation came around, I had no job. Had started networking somewhat my second semester senior year but nobody was really giving me anything in terms of opps, just shit ton of (useful) advice.
Application process and landing an interview
I decided to take a month after graduation to recollect my thoughts (aka drink, lounge by the pool, read and play soccer) and then heavily started re-applying for positions and networking (9am-6pm, everyday). Total applications submitted ~ 100. Followed up on all of them - meaning I researched the company/appropriate department, asked about my application status. I did this on a weekly basis. Being persistent/following up helps, I managed to get a pre-interview test at MBB this way (called and emailed the recruiter 5 weeks in a row).
Finally, I called up a former alumni and fraternity brother whom I had helped organize the chapter's finances with, and had the following conversation "Hey, I really don't know what else to do, I know you used to work for boutique X doing M&A and I want to know if you can help me get in there. I-banking is what I want to do, the firm sounds awesome, can you help me? I'll take anything paid or unpaid or whatever" Two weeks later I get a call from the executive assistant asking if I had time for an interview with the president of the firm. F*ck yeah, I did! Interviewed, was polished and confident. Was offered an internship with absolute no promise of full-time.
Worked my ass off - there was nothing I couldn't/wouldn't do. 4 months later, one of the associates quit, 2 months later I got a full-time offer along with a work Visa sponsorship.
Key takeaways that I think you need if you want to be successful in this business:
Confidence
- Be confident, smile and be cool (or fake it 'till you make it)
Hustle
- Hustle hustle hustle (be aggressive/proactive, network your ass off, you never know who you might
run into and what doors they can open for you)
First in, last out
- Work harder than your peers - I was the first one in/last one to leave everyday
Be Humble
- Be humble, admit what and that you don't know and definitely DON'T LIE ABOUT IT!
Willingness to learn
- Show that you're willing to learn
Effort
- Remember, what you put in is what you will eventually get out of it.
Apologize for the long post, hope it didn't deter you from reading it. Keep your heads up, keep pushing. Also, I strongly recommend getting the WSO Investment Banking Interview Course to make sure you are also polished when your time comes. Sometimes you get an interview and then it's too late to do all your prep in 24-48hrs. Good luck!
Mod Note (Andy): Throwback Thursday - this was originally posted Nov 2011
Good stuff bro. It seems that networking is always key in securing a banking position. I'm going to amp up my networking a few notches once I get some time away from work.
Good luck at your new job, you deserve it.
I like these.
My takeway from this. He sent out 100 resumes to different firms and the only one he got in with was the one where he knew someone who worked there. Aka have a friend and have him help you get into the business. Networking always the most important.
So you are romanian? I am from DC and have tons of romanian friends there. DC has lots of romanians. Shoot me a PM and I can send you in the right direction.
Exactly. I had a few people come an speak to my entrepreneurship class while in undergrad and every last one of them said that networking was the most important thing you can do while in school. It amazed me that they always seemed to know someone at any place they went throughout their careers.
That stuck with me from that day forward and it's crazy how accurate it has turned out to be.
This is true, but I am confident that the 100 resume, initial phone calls and networking calls helped him get polished for that 1 interview that he got referred. I think its extremely important to do both, aka spray & pray and network.
This is herculean. There is a 99% fail ratio for any one seeking visa/work sponsorship for US employment -- any job, from low-level data entry to M&A. The fact you found employment at all given your necessity for sponsorship and work in IB is really testament. Felicitări (sp) bro.
It really is amazing to hear stories like yours vs. ppl I know @ Ivy/targets who turn down solid low-BB IBD employment because they "deserve" something better. SB to you buddy, keep that fire going and kick ass @ ur job, you fckng earned it.
This is awesome! Congrats bro, keep at it.
Thanks guys, it means a lot. As they say in Romanian "Multumesc mult"
Silver banana to you bro. Stories like this shows me that impossible is nothing.
congrats man - sounds like you deserved it!
^^^^^^Social Fraternity alumni is the greatest untapped networking resource there is.
I applied to a ton of places online, networked at an event at school hosted by a major bank (Only event at my school), and reached for alum at my social fraternity.
Out of the three:
How I got my job: I worked my ass off in the second PWM internship, the IA referred me to someone and I got a call from him, next day I had an interview.
Nice work, congrats!!
Congrats and bravo. Hard work still pays off.
Very cool, congrats. Hard work and knowing the right people is the key to success.
Way to go man!
Congrats on the job and the visa sponsorship, that's no easy feat. You deserve it
I found especially number 4 to be so accurate. In interviews people do not care if you admit you don't know something, as long as you don't start bullshitting them and stay humble. Good post and congrats!
Bullshitting is the worst outcome, but knowledge does matter to some extend. If you really show up without being familiar with basic finance terms, or as an experienced hire with zero technical skills, that signals a lack of preparation.
Sounds like you've faced some serious adversity. Congrats on your offer.
Dude please don’t brag about hustling, it’s pretty clear you’re a total tool
Neque dolor debitis et sed. Quis nihil provident sint impedit. Adipisci nulla atque est sint expedita. Nihil inventore et aperiam laudantium veritatis.
Vel quae architecto nam autem officiis corporis consequatur. Blanditiis qui incidunt harum. Ut id architecto alias id sunt architecto doloremque. Quia eveniet voluptatem molestias qui vitae dolores. Aut sint sapiente qui provident quo architecto.
Voluptate dolorum et non deleniti maiores aut. Omnis blanditiis enim velit maiores cum nesciunt incidunt. Quia asperiores officiis facilis dolores fuga. Similique explicabo explicabo cupiditate autem.
Et quisquam et deserunt corrupti rerum illum quia ducimus. Non iure corporis nesciunt eos sit consequatur. Perferendis qui dolores voluptatum est aspernatur. Ab odio sunt aperiam ea sed. Incidunt consectetur rerum dolorem harum autem commodi voluptas et. Quos officia et earum voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Tempore a excepturi voluptatem. Impedit nesciunt eum doloribus laborum. Atque rerum modi quasi ea libero eaque rem.
Eum sint et enim et. Vel nisi ad iure.
Recusandae doloribus voluptatum ad quo. Aut voluptas quam dolores qui distinctio ut. Et nisi quos cumque odit autem. Est est aut libero corporis sit asperiores sequi. Voluptas odit minus impedit voluptatem. Nobis necessitatibus omnis facilis velit quia ab ipsum. Ab unde autem officia.