Will Study Abroad In The Fall Hurt Recruiting Chances for 2018 IB Internship?
I am a Sophomore at a semi-target school majoring in Finance and International Business. I am currently torn between studying abroad in my Fall semester of Junior year. For many reasons, I would prefer to study abroad in the Fall semester as opposed to the Spring semester, but I am worried about missing the recruiting season for Summer 2018 IB internships. It appears that recruiting for Summer 2018 internships is starting earlier than ever, for banks are coming to my school all throughout April as opposed to their usual start date in the Fall. I have a PWM internship (20 hrs a week) lined up for the Summer of 2017 just outside of NYC. Any insight you may have will be greatly appreciated. Thanks!
Hard to say since banks are coming in April they might do all the interviews over the summer? You will also miss all the OCRs if you study abroad. I think it's better if you recruit during the fall and have a blast abroad over spring.
If you can study abroad any other semester, do it then. If you don't land an internship in April, you still have a decent shot in the fall cycle. If you aren't around, it would be very difficult to capitalise on that chance.
study abroad junior spring-bad idea for consulting recruiting? (Originally Posted: 08/27/2016)
I'm a rising junior at a target. So I was having epiphany and realized that I want to go study abroad. I've never done it before and believe it will be a great learning experience. The only chance left for me to study abroad is junior spring, and the problem is obviously recruiting. I'm going to try for a consulting or a f500 CF gig. I could be very aggressive with fall recruiting and try to land a summer internship early so I won't have to deal with interviews while abroad, but another catch is that the application for spring abroad is due way before campus interviews at my school. So there's no way I'll know if I secure a summer offer before I apply for study abroad. Anyone here have to deal with it? I feel like case interviews are hard to conduct over the phone or on Skype...any success stories?
I went to Berlin this past spring, hands down the best 5 months of my life. I also got fucked out of a banking internship at a BB because being half way across the world believe it or not isn't helpful. I would try and tie everything up before you go abroad if possible, or be more proactive than me while abroad.
Deep down I know that the internship was more important but I seriously had an amazing time. If you're going abroad at least make sure its somewhere worthwhile.
When to study abroad for recruiting season (Originally Posted: 02/22/2018)
I am a freshman at a non-target school and I am planning on studying abroad. The program I want to do is only offered in the spring semester. Should I go in my sophomore or junior year? If I go my sophomore year, I will be taking finance courses then so I can take more advanced classes junior and senior year. If I go my junior year, I won't take basic finance courses (my major) until second semester of my junior year, which seems late. Most students go junior year and I hear sophomore year is the best year to be at school. I don't know what to do. I am also worried my choice will affect my options for internships since I go to a non-target. HELP Thanks
Junior spring.
Advice appreciated re: study abroad/SA conundrum (Originally Posted: 07/28/2008)
So I have a bit of a problem, and was wondering if you all had some advice on the matter. I am a rising junior at a semi-target with a pretty good GPA, pretty solid internship experience (ML GPC, DKIB LevFin), and several leadership positions in relevant extracurriculars (for what they are worth).
I will be undertaking the general course at LSE next year (a full year commitment), and am wondering how I would best go about applying for SA positions for 2009. Looks like I wont be able to attend the career fairs (although my school is not a traditional target, GS, ML, Citi and MS recruit there), interviews etc, and am skeptical of the whole website resume-drop process. I know this is a real open-ended question, and I apologize, but would really appreciate advice on the matter. And just for full disclosure, I am aiming for the BBs in NYC.
Thanks guys and gals!
How badly do you want investment banking? If it's your life's goal (ha), then stay behind and focus on continuing to build your network here.
Me personally, I'd take the chance to study at LSE (that's awesome). A few things to consider:
Could you resume drop even though your abroad to the recruiters coming to your school? Your best bet is to get in contact with the recruiters that will be coming to your school.
Talk to some career counselors, they will be able to help. Personally I think an awesome study abroad opportunity should always be taken, especially if this isn't "it" for you. I went abroad to Oxford my junior year summer instead of SAing, which some might consider a bad idea, and it's made the IBD search a little tough, but it has opened alot of doors at buyoutside places.
thanks alot for the advice...although it may not be my life goal, at this point ill do anything to break into IB. Just as a clarification though, Im absolutely going to LSE, and it wont occupy my summer (term ends late may 09), so iI guess in terms of scheduling, it wont necessarily preclude SAing.
I'll def pursue your tips though, cheers.
I'm dealing with the exact same situation. I want to go abroad next spring and wouldn't be able to participate in any sort of in-person interview processes. I'm going to talk to the carrer people at my school and see if any of my bank contacts can pull some strings. While I wouldn't say going abroad makes you ineligible for BB recruiting, it's definitely going to put you a step below those that recruiters can meet in person. We'll see what happens. Where there's a will, there's a way.
"While I wouldn't say going abroad makes you ineligible for BB recruiting, it's definitely going to put you a step below those that recruiters can meet in person."
Keeping in mind that if you don't go to a target you're at an even greater disadvantage. I'm in the same position as you and I think I'm going to pass on a year in LSE.
Don't be discouraged. I went abroad my junior year spring and never regretted it. I did most of my interviews before I left during the fall semester, although some firms insisted on conducting things by phone during the regular SA process in the spring. All you have to do is reach out to firms immediately when school starts out in September and be persistent in letting them know your situation. I would look at like working as hard to find a job as a senior gunning for FT stuff. Many firms have early interview superdays in December for people in your situation. I know that GS, ML, and Citi have them. Granted, I went to a top target on the East Coast, so my access to people was a bit better than yours. Still, I don't think something like this should discourage a once-in-a-lifetime experience.
I went to a complete non-target (albeit tier 1, but no banks recruit here), and was also in the same conundrum. I wanted to go abroad to SA/Africa, but also did not want to miss out on recruiting/interviewing.
I ended up staying, and was able to get interviews at most of the BBs and several MM banks, and was able to land a few offers. As someone said above, being at a non-target makes much more difficult to get early interviews, as most of the BBs are not going to make offers to a non-target before they go to targets, which is generally from Jan-March.
I began interviewing in late December all the way till March, though I had my offers in hand by early Feb. This would obviously conflict with study abroad programs. The other kids in my bank who went to targets were able to go abroad their Fall semester, though I spent most of that semester networking to get interviews and such.
It's not an easy decision - and I do sometimes regret not going abroad. But at the same time, given the current market, I could have easily been internship-less which would not bode to well for FT recruiting.
Why don't you aim for internships in BBs in London? Since you'll be there and all.
I agree with Kil. you might actually have an easier time getting an internship in London from LSE then fro NY from a semi target.
thanks for the feedback guys, but i think i might have posted the question too early; i guess its more pertinent now. i hate to do it, but bump.
oh and i'm now focusing on MMs (Harris Williams, HLHZ, FBR etc), but am still shooting for BBs (nothing ventured, nothing gained)
Dude, you'll be in London...at the LSE!!! You'll get to do all the BB recruiting there. The LSE is one of the top targets in Europe for recruiting, so don't stress. You could very well be in a much better position than if you stayed at your school, no matter if you want a US or UK position. You really shouldn't worry about this at all.
Study Abroad and OCR (Originally Posted: 04/12/2017)
My apologies in advance if parts of my question seem repetitive to what's already on this forum, but I'm hoping for some advice from those of you who've been in the same situation as I really am quite stumped right now.
I'm a rising Junior at a target with OCR. If it matters at all in this context, I have a 3.7, along with research experience in finance/economics and an IBD internship (non-BB but well-reputed financial conglomerate: think BNP, RBC, Wells Fargo...) lined up for this summer. Because of certain constraints, I will only be able to study abroad Junior Fall. As part of my curriculum, I will be placed into an internship while I'm abroad (likely in finance).
Although there seems to be a lot of conflicting information with regards to timing on this forum, my understanding is that since the past year or two, OCR for SA positions have been pushed forward to the Fall semester (at least at my University as this has been confirmed by our on-campus recruitment staff.) There are clearly pros and cons to my situation:
Pros:
If this decision were to be made on a purely personal and not professional basis, studying abroad is clearly the better decision for me in terms of mental health (needing a break from burnout), desire to travel and experience a new city (instead of visiting, for say, a week), etc... The city (a financial capital) I'll be travelling to I can see myself potentially working in or studying in at some point in the future, and so this will be a chance for me to ascertain if it is indeed somewhere I'd like to spend substantial time in. I probably won't get a chance to spend this much time in another city with this little responsibility after graduation. The university career centre will arrange an internship for me, which, although likely won't be at a well-reputed BB will still provide me with an interesting experience of working abroad and within finance/business. I'm not sure if this point is immaterial or not, but maybe this saves me the trouble of having to apply to a myriad of internships in my home city for the Fall semester if I were to stay. Cons:
Primarily, that I won't be in my home city for an OCR, which for the most part will take place while I'm abroad. Also, not being able to network during Fall semester events. The classes that I will take abroad will be of a similar calibre (in terms of quality of teaching) and will be relevant to my major, although the classes I would otherwise take in my home city will be most relevant in terms of being able to choose from a larger number (and thus potentially better) professors, more business classes, the perfect timing for particular classes given other requirements etc... Lack of continuity in certain aspects. For example, not being able to apply for leadership positions in finance and non-finance clubs. My question is whether or not you think I should study abroad, given the constraints (of not being able to do so any other semester) and pros/cons listed.
Although the career centre has reassured me that many companies are willing to conduct phone and virtual interviews, there are some, I'm sure, that will be reluctant to do so. What is the logic here (referring specifically to BBs)? Is it that there are as many qualified candidates locally that BBs will not be inclined to be inconvenienced to set up virtual interviews? Or do they encounter so many students studying abroad that they generally accommodate for these situations? Might they accommodate because they truly want the best candidates out of the pool?
I know that a few BBs have begun to conduct first round interviews through online platforms such as HireVue, and that some are willing to fly SA candidates out for super days when it comes to that stage, but how common is this? Which specific firms (BB or boutique) do this? Or, in other words, how much of a disadvantage would I really be at if I do decide to study abroad? I'm currently leaning towards studying abroad based on my feeling that I might really regret not doing so, and staying for an internship I may or may not get seems counterintuitive. I think a lot of this rests on whether or not I'm competitive enough to even get the initial OCR interviews.
What would you do?
Thanks in advance!
Why can't you study abroad in the winter/spring? This is what most banks expect candidates to do nowadays...
Should go on exchange after recruit in the winter semester.
Bulge Bracket Study Abroad SA Recruiting (Originally Posted: 12/09/2010)
Have any of you guys heard back yet from JP Morgan, Goldman Sachs, or Morgan Stanley for study abroad recruiting?
I had a first round phone interview with MS about a week and a half ago and no one has contacted me since, so I assume I was cut even though I think the interview went well =(.
How's study abroad recruiting going for the rest of you? Have any of you been invited for superday?
During my Junior year I did Study Abroad SA Recruiting for MS. I had a phone interview, then superday mid-December..
I heard good news from them, but not until Feb.
Cheers.
How long did it take them to contact you about your superday? I called HR a few days ago to ask for an update, and the woman I spoke with said she would contact the recruiter in charge of the study abroad process, but they still haven't gotten back to me.
Did it really take until Feb for you to get the offer? Do you know if it was like this for everyone? That seems a bit late to be hearing back, I'm guessing they just waited to interview everyone before handing out offers?
To the OP-- I think it's too late now for MS. If you're looking into IBD I believe the superday is tomorrow. Do you go to a target? I didn't realize they were doing phone interviews for the study abroad superday.
Also would be interested in knowing if anyone's heard back from JPM.
GreyPoupon, I found out within a week or so of the phone interview that I had been invited to the Super Day
Is the study abroad an actual recruiting program, and if the answer is yes, link to info?
it's just accelerated recruiting for students studying abroad the next semester, since on-campus interviews take place during spring semester.
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