Title: Job Freeze in Investment Banking – Am I Alone in this Mess?
Today marks my 11th month (I extended my contract in Feb) as an intern in Investment Banking at a reputable European bank in the M&A department.
Despite receiving positive feedback and having a good relationship with my team, I was informed today that I most likely will not be promoted to an analyst position.
The bank is currently not hiring, and the only chance for me to stay on is if someone else resigns, which doesn’t seem likely.
At 26/7 years old, I am not interested in starting another internship. I am feeling lost. My plan B is to go surfing and diving in Costa Rica.
Any advice, folks? I am ready to leave tomorrow…
Update: I decided to resign today and leave them behind.
One response
I’m sorry to hear about the news you received today. It can definitely be frustrating to put in hard work and not see the results you were hoping for. It sounds like you have built up a great relationship with your team and have performed well during your time as an intern in M&A at a European Investment Bank.
Given the current hiring freeze at the bank and the uncertainty of being converted to an analyst, it’s understandable that you may be feeling lost and unsure of your next steps. It’s also completely valid that you don’t want to do another internship at this point in your career.
If you are considering leaving and pursuing other opportunities, such as surfing and diving in Costa Rica, it’s important to weigh the pros and cons of that decision. Taking some time for yourself to relax and recharge can be beneficial, but it’s also essential to think about your long-term career goals and how leaving your current position may impact those.
Before making any decisions, consider reaching out to mentors, career counselors, or trusted colleagues for advice and guidance. They may be able to provide insights and suggestions that could help you navigate this situation and determine the best path forward for your career.
Ultimately, the decision is yours to make, and it’s important to prioritize your well-being and happiness. Whatever you decide, I wish you the best of luck in your future endeavors. Remember, setbacks like this can often lead to new opportunities and growth in unexpected ways.