IBD summer analyst vs FT application (London)
Hey Everyone!
I am currently contemplating whether I should apply for bulge bracket IBD SA or FT position in London.
Background:
-Bachelor's degree from non-target UK university
-secured M&A internship at bulge bracket (London), but didn't convert to FT :/
-Will start one-year Masters at top business school in Europe (think LSE, Oxbridge, LBS, HEC)
Right now I don't know if I should try to get another M&A internship at a BB or should I apply straight for FT position given the fact that I already have done a BB internship in M&A
Thanks in advance for the help
Entirely up to you.
The fact that you've completed a summer internship will help land you interviews for a FT role. However, the competition for those FT roles will be fierce. You'll likely be interviewing against others who have also completed at least a single internship. It's likely they may have done more, and you may even come across Analysts looking to lateral over. Plus, you'll be competing for only a few spaces.
Similarly, you'll find it easy to get interviews for a SA position, but securing the internship will also be easier (You'll likely be competing against candidates who have only completed a spring week) But, you'll have to go through that 10-week slog, without the guarantee of a full-time role.
Personally, I'd go for a SA position. It's much easier to get, and you'll definitely perform better in your second internship, because you've been through it before. Use this expertise to outperform others, last the 10 weeks, and you should be able to secure an offer this time around. However, it does become crucial that you get the FT offer. After several internships, people then begin to question why you're not converting.
Oh, and since you'll be in your final year, some banks (Rothschild, Lazard) are strict in that you're only allowed to apply for FT roles anyway. Hence, you can mix up and hedge your applications that way. The banks may ultimately decide for you anyway.
Thanks a lot for your response.
Tbh had very similar thought process to you, but good to be able to confirm them from someone else.
Do you know anything about applying to PE/VC with a BB summer internship?
I know that Blackstone has a summer internship scheme, but not sure what kind of candidates they tend to hire for the internship.
Nope, sorry. Limited knowledge in that area. In London, it still seems pretty rigid that you complete the traditional two year IB stint before moving into VC/PE.
But I have heard of a PE firm (name slips me) that recruits graduates. I think I also came across the Blackstone summer application as well. But, again, I imagine they'd be looking to take the very best of the best.
Apply for Summer Internships after FT rejection? (London) (Originally Posted: 09/12/2013)
Hey guys,
I will be graduating in the spring of 2014 and hence applied for FT IBD positions starting in July 2014 in London. However, I have been rejected by quite a few places by now and I guess I won't have a shot at BBs and EBs for FT, especially since the majority of FT positions are filled with interns.
Therefore, my question is: Is it possible to apply for summer internships for 2014 although I have been rejected for 2014 FT positions?
Thanks in advance!
Do it.
God, why do you need to ask this question on WSO? Have you tried? Didn't think so.....
Thanks Oreos.
I obviously haven't tried it yet, but I just wanted to ask if you're still eligible for summer internship recruiting after you have already been rejected by the exact same bank for FT.
I figured that maybe they have some kind of rule or something that prevents you from applying in the same cycle again, dunno..
You're able to apply for SA positions, although you're best off delaying graduation a semester. Most places wants SA's to have at least a semester left.
it works, just apply all over the place. have seen people go working FT back to internships at better places, people after 1 year off applying to internships etc. just apply everywhere
London IBD 2014 SA or FT? (Originally Posted: 07/08/2013)
Hi guys, I am quite new to the forum, but I have gotten some quality advice here! Thanks!
I just graduated from a Canadian university (dean's honour) and am going to a master program in the UK (target). To be honest, I haven't applied for BBs SA before though I have done Finance-related internships for the past 3 Summers(not at BB). -EC wise, I have always been active in school clubs (hold senior positions at two big student clubs(business-related). I also play for a sports team, though it is not for school.
This September will be very important for me as I have to finish my applications, go to recruitment events, and study. My intention is to eventually work in Asia, but I do think starting my career in London is ideal since the market is more mature there. The question is, given my background, should I be applying for London SA (my Master is 1 year and ends near the end of June) or FT(heard banks only convert their SAs nowadays)?
Another option would be to start my career in HK which is pretty good as well. In this case, I think I will be going for FT position for sure. (I have heard its easier to go for FT without SA in Asia than in London)
What do you guys think? Do I have a shot? Thanks for your time~
London SA. You have almost no shot at BB FT. Could work at boutiques though.
It is definitely possible and relatively easy in Asia but you may not be able to move to the West later. New York>London>rest of the world for IBD training and everyone knows it.
Even for "regular" people like me with Masters, European languages and 2 internships in IB, recruitment is tough...
You got no specific European language (most banks put you into country teams, French maybe since you re canadian?), most FTs get filled through SAs and you have no real experience in IB ===> SA.
Best cases: in Jan 2015 your SA employer or another employer can make you into FT (since Jan is new FY, it is quite common if they feel the business need and if you specify your desire date once you have an offer).
Would a bank ask you if you would like to be considered for SA if FT class is full? (London Recruiting) (Originally Posted: 10/03/2015)
Would a place like GS ask a candidate if he wants to be considered for SA recruiting if the analyst class is already filled once they receive my application? Let's assume a strong profile, i.e. target university, previous BB experience (other city), relevant extra curricular activities. Sent my application for FT to places like MS/JPM/GS for London and I am wondering if I decreased my chances of getting an interview by going the FT route.
btw i am a final year student
edit: sry my mistake - its not possible.
does it make sense to create a new account for intern app or would that come across as weird?
3rd Year student. What to do: Grad job or intern after graduation? (Originally Posted: 10/05/2016)
Dear All,
I am a final year accounting & finance student from London. Main goal after Year 2 was Equity or Prop trading intern, but due to failure of getting any intern in summer my motivation sank as well as UK stepped outside of EU bringing all the not needed uncertainty in our economy. Due to that, I started of thinking were to apply and how now. Would it be better of trying to get a Grad scheme in a big bank or still try to getting and intern? Problem is that all 2017 summer intern criteria is to finish uni by 2018. Maybe a grad job instead in brokerage firm?
Please advice as year 3 is ahead which is terribly hard as well as the deadlines for top companies.
Looking forward hearing back some ass kicking words,
Best,
x
OP was kind of hard to read, but why not just apply for internships for summer before senior year? .. am I missing something?
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