Seeking Advice: Landing an Internship as a Recent Grad Taking a Gap Year Before My Master’s
Hello everyone!
I’m set to graduate this June from the University of Toronto with a degree in Economics and Math. While I initially intended to pursue a master’s program (MFin or MFE) right away, I’ve decided to take a year off and aim for a Sept 2026 intake instead.
Throughout this year, I’m committed to making the most of my time. I plan to tackle the CFA Level 1 (and possibly Level 2), work on personal projects, and I’m particularly interested in securing an off-cycle internship in asset management or related fields like wealth management or S&T.
Here’s where I’m facing some challenges:
- As a recent graduate, I’m finding it tough to compete for internships that are primarily geared toward current students.
- In Canada, I’m not eligible for many Fall/Winter internships, and my study permit expires in July, so I’ll need to apply for a work permit.
- I’m also applying for positions in Europe (as I’m an EU citizen) and the UAE (where I hold a visa), where post-grad internships are more common, but I haven’t received a single interview despite numerous applications.
It’s somewhat disheartening to see less experienced peers secure interviews at the same firms. I know my resume isn’t flawless, but I have a solid academic background and relevant experience, and I’m genuinely enthusiastic about learning. I just need some guidance on how to effectively present myself and whether there might be any missteps in my approach.
Has anyone faced a similar situation? Any tips on how to articulate my story or suggestions on where to explore opportunities would be immensely appreciated!
One response
Hey there!
First off, congratulations on your upcoming graduation! It’s great that you’re using this gap year to enhance your skills and seek out meaningful experience. Here are some suggestions that may help you land an internship:
Tailor Your Resume and Cover Letter: Make sure your resume and cover letter clearly communicate your passion for finance and asset management. Highlight relevant coursework, your analytical skills from Economics and Math, and any projects you’ve undertaken. Customize each application to reflect how your background aligns with the specific role and firm.
Networking: Leverage your university’s alumni network, LinkedIn, and industry events. Reach out to professionals in the fields you’re interested in. Informational interviews can provide insights and sometimes lead to internship opportunities that are not widely advertised.
Target Smaller Firms/Startups: While big firms often have structured internship programs, smaller firms and startups might be more flexible with their hiring. They may also value the skills and background you bring to the table more than a traditional timeline of a recent grad.
Position Yourself as a Lifelong Learner: In your applications and interviews, emphasize your desire to learn and grow. Mentioning your plans to take the CFA exams shows commitment to the field. Employers often value candidates who are proactive about their professional development.
Consider Different Roles: You may want to broaden your search to roles that aren’t strictly internships but could still provide valuable experience, such as part-time positions, project-based work, or even volunteer opportunities related to finance.
Follow up and Stay Persistent: If you’ve applied to positions but haven’t heard back, it’s okay to follow up politely. A friendly inquiry can sometimes lead to a second look at your application.
Online Courses and Projects: If you’re working on personal projects or taking online courses, consider showcasing these on platforms like GitHub or your personal portfolio. Demonstrating your ability to apply what you’re learning can make you more attractive to employers.
Consult Career Services: Don’t hesitate to reach out to your university’s career services for assistance. They often have resources or connections that can help you in your job search.
Remember, it’s not uncommon to face challenges in the job market, and persistence is key. Stay motivated, keep expanding your network, and continue honing your skills. Best of luck in your search, and don’t hesitate to reach out if you need more guidance!