2015 FT Recruiting Mega Thread

Applications for full-time analyst positions at the following firms are now open unless otherwise stated. Get after it, monkeys! See you on the Street ;)

Front-office IBD, S&T and/or Research
Deutsche Bank
Evercore (superday scheduled for 8/8)
Lazard
Lazard Middle Market
Wells Fargo (Application was available 7/23. Appears to have been temporarily delisted)
Perella Weinberg Partners (Applications under review as of August 5)

Lincoln International (Application always available. Deadline unknown)
Goldman Sachs (Applications closed 7/27)
Royal Bank of Scotland (RBS) (Application available 8/15—10/31)
Evercore (Applications closed 7/31)
Credit Suisse (Non-US offices only)
Duff & Phelps
UBS
Citi
Citizens Bank Capital Markets
Houlihan Lokey
AllianceBernstein
Jefferies (Accelerated interviews week of 8/17)

Management Consulting
Booz Allen Hamilton
Bain
Boston Consulting Group (BCG)
McKinsey

corporate finance
General Electric FMP (OCR resume drop runs 8/15–10/2)
Cargill
ConocoPhillips

More info on its way...

 

PWPartners' career page says "For all other schools, please visit this page at a later date for application deadlines. At this time, we have completed recruiting for our 2014 full-time and summer intern classes." I dont think it's open yet....

 

Experienced ("lateral") hire usually refers to a candidate looking to switch from one bank to the next but stay within the same role (i.e. IBD at UBS --> IBD at GS). I'm not covering lateral hiring in this thread. In the case you described (recent college grad looking to get into banking for the first time) these are the right applications to submit.

 

I'll be completing a rotational program at one of the major custody banks (State Street, BNYM, Northern Trust, etc.) Will these still be the right applications for me to submit? I'd have 1-2 years experience but still "new" to any of these roles.

 
Best Response

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

 

Is this true in all regions? I'm in London and whilst networking is universal, online applications seem the way to apply here. I have friends who have FT and they all did it via online applications. Most were summer interns though and that does seem to be the way most are hiring the majority of FT but still.

I do't know if it's mainly an American thing where networking matters so much. It can help, but seems very structured here in London with applying online and going from there. I may be wrong though, interested in what others think.

 

I'm in London as well and it's definitely much more structured here. Online applications are nearly universal, and even if you know people inside the firm they will ask you to sign up online before they can help push your application in any minute way. Networking is still heavily encouraged, but it is definitely less important than the States.

Some may think this is more egalitarian, but I can't help but think I'm wasting my time collecting name cards at networking events twice a week. (I'm a student at the school with the most of such events, no prizes for guessing)

As for SA conversions versus FT recruiting, the BB definitely take in a lot of interns, though each bank has a different conversion rate. For instance I know CS hires much less FT than conversions. That said it is still worth applying for FT, though they may be harder and more competitive. Try the MMs and boutiques if you didn't get an SA return offer to widen your net.

 
streetman101:

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

I got my job through a cold online application, and received probably ~10 other interviews. Although, these were for non-BB banks.

 
streetman101:

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

Not true at all for SA, could be different for FT. Got interviews at a bunch of firms including Goldman at some places by just applying online.
 

Lincoln has some serious momentum right now and it doesn't seem to be stopping anytime soon. They completed 130 deals in 2013, up 11% from 2012 and were voted bank of the year by themiddlemarket.com. They're planning on opening 3 new offices in South Africa, Dubai and Singapore within the next few years. They're also the only company I can think of that posts a link on their website to their Glassdoor profile - nothing but good reviews on there. Very, very solid middle market player.

 

Good friend of mine from home works in their Chicago office. He loves it and apparently a good deal of analysts stay after 2 years or even come back after getting an MBA. I think they just have two other offices in the US (New York & LA), and they're much smaller than Chicago. The Chicago office also has solid placement in local PE firms.

 

I received an invitation e-mail directly from a person that is in charge of IBD Campus Recruiting. And here's what he/she said when I asked if there is any other process.

"Thank you for your inquiry. This is the only full time recruiting process (application due by 7/28) for IBD at Goldman! This is the only process for full time."

 
libo000:

I received an invitation e-mail directly from a person that is in charge of IBD Campus Recruiting. And here's what he/she said when I asked if there is any other process.

"Thank you for your inquiry. This is the only full time recruiting process (application due by 7/28) for IBD at Goldman! This is the only process for full time."

Sounds sketch (never seen a recruiter speak so informally with "IBD" and "Goldman" and all), but okay.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Sorry for the confusion. I will just paste the original invitation e-mail I received. I actually said 28th above, but it was 27th

Hello-

We hope this email finds you well and you are enjoying your summer so far. We are reaching out to invite you to apply for full time opportunities within the Investment Banking Division at Goldman Sachs. To express your interest, please submit your application on our careers site at www.goldmansachs.com/careers. Please note that the deadline to apply is Sunday, July 27. If you are selected for an interview, a member of our recruiting team will reach out to you directly in mid to late August

 

As a non-target, the only cold online FT app that landed me an interview with a good firm was when I had a perfect fit for the job. Think like apple wanting a smartwatch developer and I was the kid the worked with google developing smartwatches....

These are black holes...

 
turtles:

What are you saying?

Implying that if we were ideal candidates, we would have already been in the know about FT recruiting?
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

For anyone who's aware of London/UK situation, is there even much point in applying for FT? Seems they're all filled by SAs or one/two spots left by people with offers shopping around.

 
jm5:

Does anyone know about the JP Morgan FT deadline? Does not appear to be open yet since no analyst positions are listed online, but I talked to someone internally who seemed to think everyone had submitted their materials. Thanks.

Also interested in this; hearing mixed signals from friends in the industry vs. career center vs. what's online. OCR doesn't even begin until September, so a lot of the "recruiting is already wrapped up ggnore" posts are confusing. I should hope that the banks aren't soliciting 100% of their class from SA, otherwise I missed that boat :(
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
chicandtoughness:
jm5:

Does anyone know about the JP Morgan FT deadline? Does not appear to be open yet since no analyst positions are listed online, but I talked to someone internally who seemed to think everyone had submitted their materials. Thanks.

Also interested in this; hearing mixed signals from friends in the industry vs. career center vs. what's online.
OCR doesn't even begin until September, so a lot of the "recruiting is already wrapped up ggnore" posts are confusing. I should hope that the banks aren't soliciting 100% of their class from SA, otherwise I missed that boat :(

same here, not sure whether to go with this or ocr postings. I'm currently interning out of country so it's a problem if they're interviewing before I get done. company I'm working at now gives out internship full time offers in november...

 

Yay, didn't get return offer. I'll keep telling myself I was going to recruit full time anyway and not just take the offer and rage senior year...

"I did it for me...I liked it...I was good at it. And I was really... I was alive."
 
Powa23:

Evercore is Friday to next Tues first round, if you didn't get a notification last week you are out of the process.

Depends on your region, doesn't it? OCR at both my current school and my undergraduate alma mater just opened for Evcore. Unless you were talking about Assoc/Exp Analyst recruiting.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Apparently Lincoln starts reviewing after Labor Day weekend (either that or they get back to you right after Labor Day weekend...either way, the app is basically open for 3 more weeks)

 

Greenhill is more or less even done. If you are currently not interviewing, you probably won't for this year.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Applied for position on company website and OCR. Got the rejection from company website before OCR resume drops even closed. FML.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

So... how viable is FT recruiting at this point?

I know there'll always be a few spots but aren't they pretty much all filled by SAs? I'm applying but not feeling ultra optimistic about it.

 
I Do Even:

So... how viable is FT recruiting at this point?

I know there'll always be a few spots but aren't they pretty much all filled by SAs? I'm applying but not feeling ultra optimistic about it.

Network your ass off. Still viable. Maybe not high-demand offices like NYC, but regional offices are very viable. Just got a few interviews from places that people said were closed/done already :P
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

look guys, if GS has one of the worst conversion rates on the street, how the heck did they put together a complete analyst class by mid august? DB only ended 8/15, so I'm sure there were people interviewing with GS who didn't get an offer. Did GS give offer-contingent offers? Last year they recruited FT in October. Someone tell us what's going on haha

There's no coincidence. Only consequence. Where others see chance, I see cost. —The Merovingian Life is binary. —Marty Chavez Having lots of garbage is a good sign. But all lies rise to the top.
 

In your opinion, do you guys think it matters much if you apply now or in a few weeks?

I'm currently doing an internship and have another 2 weeks to go, so don't have too much time to apply. I can work a bit on it every day but easier just to be 100% focused on applications than spreading it out a lot (what I found personally last time I applied).

Most have just opened now in Europe (from what I gather), but it is rolling-basis for many.

 

Do a lot of places not look into hiring full-time until they know what is going on with their interns? Ideally a lot of places want to just hire from their intern class, but I know that doesn't always happen (doesn't usually happen?). Variability of this process is driving me nuts!

 

I'm curious about this too. Obviously they want to take from summer pool, so do they only take FTs who are near-godly levels (but somehow didn't do SA or are shopping their offer from another summer internship)?

Curious because you'd imagine a 10 week internship is far better than a few hours to see if that person would be good to work with etc. and so they'd probably need to be REALLY convinced you're awesome just based on a few interviews.

 

My interpretation is that they take as many as they can from their SA pool (most have extremely high offer rates) and that the FT hiring is mainly for people shopping their SA offers from other firms. I've run across people on LinkedIn who didn't do an IBD SA stint their junior summer but it is quite rare and their experience was typically at a very well known/respected company.

For people losing hope, my firm's offer acceptance deadline isn't until early October and friends at other firms have said very similar dates so I imagine there will be more spots opening up then, once the firms know what their actual needs are. I can't stress networking enough though, because spots will definitely be limited nonetheless

 

Yes, unfortunately I think that's exactly the case.

But, yes, no reason to lose hope. Let's hope it works out. I'm a bit frustrated as I'm doing a summer internship at the moment but they're not hiring at all. I did quite well though and got rather positive feedback which makes it worse. I feel like if I wasn't at a MM and was at a BB then I'd probably have got an offer. Ah well, keep hustling I guess.

 

It's not always the case with BB especially if you're in coverage where I heard the offer rates are quite low for t

When luck shuts the door you gotta come in through the window - Doyle Brunson
 

is anyone from here familiar with the recruiting process for banking in London? I heard that it does not rely on networking as much as in the US. Can someone with experience verify that? Thankss

 
vernge01:

How late into the year do most MMs/Boutiques hire?

Varies by bank and city. I know some MMs/boutiques who were doing FT interviews as late as March. Others are done by end of October.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
Dasch:

What about DB S&T?

If you have to ask, it's probably in progress / done. Missed the boat, dude.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

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If you fall down, make sure you get back up with a vengeance!
 

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