Length of IBD FT Training?
Why is there a difference between the length of each training?
Citigroup IBD 6 weeks
GS 5 weeks
JPM 8 weeks
Why?
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those numbers are wrong
That's what the rumours are.. what are the correct numbers?
Well, of course there is a good reason for everything bulge bracket banks do. Everything. They are very smart, you know, so it is all a part of the grand plan.
See, Goldman is the best and they want to use you to drive revenues as quickly as possible, so they count on their top-rate trainers to get the job done in five weeks so you can join your team and start making them millions of dollars.
And everyone knows Citigroup is pretty bad, but since they're cutting expenses they can't afford more than six weeks of training. It also really doesn't matter anyway since they will probably lay you off in your first year, so they might as well not blow too much cash in training you.
JPM knows that it doesn't make a difference how fast they get you trained because you won't drive revenues anyway, so they just spend as much time and money on training as possible in the hopes that you pick up enough to be of use anyway.
cause GS kids are the smartest, so they can learn the material quicker. JPM kids must not be so bright...
Most banks programs last between July 4th and end during Labor Day weekend. Give or take a few days.
Goldman analysts are such studs that they don't have to start until end of July, haha.
Wow so GS indeed hires the best..graduates who can learn the job in 5 weeks instead of 8 weeks..
And I agree; those numbers are dead wrong.
Why is it so all-consumingly critical for you to learn every exact number about every aspect of the trade, dude? Even if you collect them all and perform arcane numerology stunts with them, they will not lead you to some miraculous understanding that wouldn't just come from reading up. Chill, my friend. It sounds like you are obsessing, and that people are feeding you bad data.
Just a sidenote, JPM training this summer is.... drumroll......10 weeks long.
JPM has 2 seperate training sessions - they split the class in half and train half at a time with the other half going into work right away for a few weeks, then going to training
Pretty sure its 8 weeks
JPM is 10th September - 1st November. That's 8 weeks.
Most banks start their program in early July, not September.
I remember someone mentioning that Credit Suisse had the longest FT training program at 10 weeks. Can someone confirm whether or not this is true?
How long is training for ML?
I don't know where you're getting your info. Since when training starts in September? Plus, I was told by JPM people that training this year is 10 weeks, but they also mentioned that it varies almost every year...
FT IBD Training- Length (Originally Posted: 04/04/2011)
I know it varies from bank to bank...but what is the range in length of training for FT analyst at BB
I think start beginning of July and end first or second week of August
around 6 weeks roughly (4-6 as a range, depending on the bank I would say)
BBs do 6. In the UK extra 2 for FSA bullshit. Boutiques do less.
7-9 inches, could be longer or shorter. if you have winter training that shrinks to 6-7 inches
4-8
How long is training for the BBs? (Originally Posted: 03/16/2010)
How many weeks are you in training for each of the BBs?
Bank XX
of weeks
Thanks.
1 week in NY. 1 week is pretty standard across the board...
Associate BB, six weeks
For full-time I think it is about 6-weeks, summer analysts - 1 week
Full-time: 6 weeks
Just to clarify, I'm interested in FT training lengths...
Anyway, from reading the comments, it seems like 6 weeks is pretty standard. So I guess it's safe to say that 10-12 weeks is pretty long compared to others? That's what the MD told me and my offer letter says the same thing. Anyone else have training for this long?
10-12 weeks doesn't make sense. I think fulltime is 6 weeks. I believe DB/WF are at 6 and CS/UBS are at 4.
GS and MS I think is also 6.
Boutiques might have the 10-12 week thing but you are working while you learn. Boutiques rarely have official training programs and instead put you under someone's wing. You learn and try not to screw up as much as possible.
Well my offer letter says 10-12 weeks. Maybe it's 6 weeks of actual training and another 4-6 weeks of on the job training?
UBS full time for analysts with deferred offers this year was actually only 1 week.
BAML was about 5 weeks for full time last year
8 weeks and we have to pay for our food it's a BB
Is this a U.S. BB or an international/foreign bank like BNP and Nomura in Europe/Japan? Most boutiques have the on the job training and don't have huge classes or huge classrooms to sit everyone down in. Most US BB's can't afford a 12 week training period because they cover all room and housing for their analysts while they are in training. They therefore have 2-8 week periods usually.
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