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What is the NYC IBD job market like for immediate hires this time of year? Do all the IBs hire analysts only during their fall recruitment, or is it possible to land something now? I graduated this past December and due to family issues just simply wasn't able to job hunt effectively during my last two semester of undergrads. Since the start of the new year, I have turned it up on networking and feel that I am on to some promising leads. However, I just don't know how to convey to these contacts that I'm looking for something immediate and not something that MAY lead to an interview come fall recruiting season. I know there's always the "I know a guy.." story, which will be encouraging for me to hear, but I just want to get an idea of how farfetched (or not) my hopes are. Any feedback on these two issues will be greatly appreciated.

And yes, I have searched for a topic similar to this and did not come across anything.

Comments (10)

  • bearbanker's picture

    My best advise would be to continue checking the job boards on your school's web site (If you are still able to access it). Often times if banks have FT hires renege their offers at the last minute (which does happen) they will post for one or two positions, and then it is like a last minute recruiting frenzy to fill the position.

    If you do get a full-time offer with a BB or a MBB you will not start until the summer with the rest of the class probably. Rarely do banks pull FTs on before they finish their training because then they end up training the new hires themselves on the basics.

  • lifesucks's picture

    redandblack86, if I were you I'd look for boutique or MM IB jobs. Some of these firms waited until after the fall to start hiring because they weren't sure about headcount numbers. They will most likely target a summer start date. Some of the BB firms are looking for immediate starts right now. However, they're targeting people with some experience under their belt, because they've underhired/overfired their '08, '09 analyst classes. If you know someone in the group who is willing to push for you then you might be able to land an interview, but chances are slim that you'll be able to land a BB position without any experience.

  • geniusisnteasy's picture

    So what's so bad about Piper? Just not a BB? Do they lack deal flow? Or is it just like a little brother thing that people pick on them because (a) they can and (b) that's what they've always done so why mess with what works?

    This isn't directed at any one comment on this board, but I've been reading a lot of posts on other topics where Piper just gets nailed.

  • redandblack86's picture

    Thanks for all the replies and suggestions. I have limited my search to boutqiues from the beginning, but I just don't know how to get my foot in the door without at least a little help. The only contacts that I have in NYC work for BBs or banks like Greenhill and they initially always seem like they could be my "in". But if I get one more "I passed my resume along to the right people" I'm going to pull my hair out. Whenever they tell me that I feel like they are trying to a)help me like they said they would and b)hint that they no longer wish to hear from me again. Surely I'm not the only one that has dealt with this frustrating move. How should I follow up with this scenario?