Recruiting in the Fall
This is a post for help in terms of recruiting in the fall. I would love advice from people who also weren't able to secure offers in the spring. The situation sucks, but I know for a fact I am up for the challenge. Plus, I ain't fucking giving up.
Background
Resume is p stacked 3.8+ gpa. 2 IB internships 1 HF and 1 PE. involvement in volunteering work and leadership there. Target non-div.
I know for a fact the only reason I did shit is cuz of networking. Started networking way too late. I honestly wasn't expecting shit to kick off this fast, but no point sitting around bitching about it.
Questions
In terms of concrete questions
1) What firms typically open up in the fall?
2) How many firms actually re-open in the fall?
2a) Are those reopening back door openings or are they actual postings?
3) Should I continue to network in the summer for potential openings at banks that already closed?
4) Should I consider extending grad by a sem? (This won't impact my finances since if I do extend I will take a gap semester and my scholarship will still be intact, will prob do a full-time internship)
Statement to my Fellow Brothers out there
I know there's gonna be many others in a similar situation reading my post. Toast to motherfuckers like us man. Keep going at it and don't fucking give up. Let's be fucking ruthless dawg.
in a similar boat, following
sup bro mind throwing a banana on the post so we can get some visibility on it
Ofc
Personally decided to defer a semester in a similar situation last year. Now landed EB SA. Honestly do recommend it, gives you a leg up in recruiting; you’ve already been through the process
Hey bro mind if I dm you. Have some questions about delaying would really appreciate any insight you could provide.
congrats on ft partners brody
f
We got this just gotta keep going
keep grinding fellas
Stay at it. Dog mentality
Curious to hear when you started networking? Currently a freshman and not trying to be too late to the game. Wish you all the best and I know you'll land something soon!
started around mid winter break def a big mistake since apps started opening nov. If I had a reset button and was in your position I would start sending out networking emails literally the morning after my last final freshman spring. a lot of people might tell you to wait but fuck their advice networking in my opinion is the only thing that matters for this process. start ahead and stay ahead.
Thanks man, appreciate the advice and sorry for hijacking your thread. You seem like a smart hardworking guy/gal, I'm sure good things are coming your way. Hang in there!
Mid winter break is not “too late” - maybe you were just bad at networking??? If youre good + target, you can get in processes with only 2-3 chats. Def not early but not too late to a point where you can use it as an excuse just mho. Not trying to hate, just giving you a different perspective on what also couldve went wrong.
NYC IBD: DB and UBS will fill more spots in the fall guranteed. On a usual year, Guggeinheim PCA and PCM, and SocGen will also reopen to fill 2-3 spots in the fall. I've also seen Moelis JPMorgan and MS filling 1-2 spots for those that reneged.
I've never seen GS, BofA Barclays or any other EB reopen in fall before.
m currently in a similar situation, but I’ve been networking with multiple banks that plan to hire in the fall. They don’t seem to think that graduating in May will be an issue. I’m also actively pursuing non-investment banking roles, as I need a job and can’t afford to stay another term, even with a scholarship.
When I asked the people running these positions about getting early experience before they start recruitment in late summer/early fall, they agreed it was a good idea. So, I’m curious - why you are considering doing an extra term? If you don’t complete your degree by mid-fall Would you not be able to participate in the recruitment process since they expect a mid fall start
I think there's a confusion about my situation. I am a sophomore in the spring sem rn. I am recruiting for the summer analyst programs of 2025 which require a grad of Dec 2025 - May 2026. What I was contemplting was extending my grad by a sem to Dec 2026 that way I can re recruit with the next cycle for summer analyst programs for 2026.
In same boat as you, I attend a non target and was recently admitted as a transfer to a semi target but as an econ major. Debating if I should transfer to the semi target to extend my graduation or pick up another semester at my current school as a fiance student and pick up a minor or something. Any advice is appreciated
I got it. I thought you were talking about FT. I did the same thing. However, there is an entire recruitment process. You probably won't get any openings at the top banks, but you will find plenty of foreign and regional banks that might have openings. I didn't extend my graduation year, but I did participate in the fall recruitment process and got a job in a balance sheet bank- but in the grand scheme of things, it would have been worth it to extend it because it is way easier to break into EBs with the summer process than the FT process but make sure you actually network, and get in its pointless if you don't put it in the leg work
In the same boat. We should just have a group me lmao. Honestly just keep pushing and you’ll land something (what upperclassmen told me from their experiences) worst case scenario. Defer a semester. Grad school. Etc.
anybody thinking about recruiting for buy-side roles and not banking? honestly rather work at a no-name PE or HF than work at no-name middle market investment bank (it seems like only boutiques and MM banks are still recruiting). Honestly, don't even think it's worth it to recruit for UBS or DB when they reopen. So few spots and such a low likelihood of success and so much effort networking, feel like everyone will still be gunning for those spots.
i personally want to go into infra PE and there's not many small ones that take undergrads. so kind of have to stick to IB. But what you said is def a play as well, just make sure the work isn't too much sourcing at the junior level and ur chilling
UPDATE: Got the offer fellas, but honestly I really liked the grind looking for avenues to continue it now.
Where did you end up landing? Given that you recruited sometime this month (May 2024)
i got offers from two solomon and another bank. If you want the name of the other one just PM me and I can sauce you the name. Just tryna keep it anon a bit.
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