Toronto IB SA Off-Cycle
If a student doesn't get in the process at a B6 bank for the summer, how is it viewed if they try for the Fall?
I'm assuming the school captains aren't in charge of off-cycle recruitment and other analysts are given that it's a smaller process. If I apply will the analyst in charge ask my alumni (whom I networked with but didn't get me in the summer process) about me?
Navigating off-cycle recruitment, especially in the competitive Toronto investment banking scene, can be a strategic move for those who didn't secure a summer position at one of the Big Six (B6) banks. Here's a breakdown based on insights from the WSO community:
Perception of Off-Cycle Applications: Applying for off-cycle internships, such as those in the Fall, is generally viewed positively. It demonstrates persistence and a continued interest in investment banking. Off-cycle internships can be less competitive due to fewer applicants, offering a valuable entry point into the industry.
Recruitment Process Differences: Off-cycle recruitment is indeed often less formal compared to the structured summer analyst programs. The recruitment process might be managed by a smaller team, potentially involving analysts or associates rather than campus recruitment teams. This can lead to a more direct and personal application process.
Role of School Captains and Alumni Networking: While school captains might play a significant role in summer recruitment, off-cycle recruitment can indeed involve other bank employees. However, networking remains crucial. Analysts or associates managing off-cycle recruitment may still reach out to alumni or colleagues you've networked with for insights on your candidacy. Maintaining good relationships with your contacts and informing them of your off-cycle application intentions can be beneficial.
Strategies for Success:
In summary, pursuing off-cycle opportunities is a strategic way to break into investment banking if you missed out on summer positions. It's viewed as a sign of determination, and while the process may involve different contacts, the principles of networking and showcasing your skills remain key.
Sources: International Student - Chance of getting an IBD internship in London?, Did everyone with top offers get lucky with timing?, Reneging in the 2019 Summer Analyst process, Rising freshman needs help, Recruitment Set Back To "Normal"
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Anyone have an idea of when they will start?
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Even for schools that don't have a co-op program?
I interviewed for an off-cycle at TD (I’m from a school that doesn’t have a co-op). If you network you can be included in the process regardless. Did the SD but didn’t get an offer unfortunately - wasn’t really given much feedback so unsure why, thought I performed very well tbh.
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