Applying for different positions at same bank
What's the protocol concerning applying for different positions with the same bank; i.e., applying for ER and ibanking at the same bank (all in terms of SA positions)? Is it not allowed? Allowed to an extent, etc.? Thanks for the advice.
I wouldn't do it, it shows indecisiveness and you might get called out if you get an interview. When I was applying for SA spots last year I would only apply to one division and no more.
i have done this, tons of friends have done this, and i can honestly say it doesnt matter. the way they select you for interviews is each division looks at you and decides if they want to talk to you. i've had interviews for multiple divisions from more than a few companies. now obviously, at some point you'll have to say which division is actually your top choice, but in general, this isn't going to be a huge deal.
bearing, hope you got the spots you wanted. otherwise, you may have closed some good doors for yourself...
It really doesn't matter. There is a reason why most banks allow you to apply for multiple positions and if they see "indecisiveness" as a problem, they would let you apply for only one position and no more. Most of my friends who have successfuly gone through SA recruiting applied for multiple positions. What xqtrack wrote is exactly right.
your a third year in college. I would hope you would try to keep your options open. First off, most divisions don't even talk to each other, so we are cool there. Of the minority that do, spin it as I'm interested in both, I'm young, I like finance, and I'm trying to add value to my business education at this point in my life.
I would say apply for as many positions as you can. I did that last summer and it worked. Actually, for the offer I ended up accepting, I had applied only for IBD in different locations but then ended up getting called for an interview in S&T, so it seems like some banks just pass around your resume between divisions anyhow.
In the past I've been told this is a bad thing to do. But the same people told me in this market employers will understand.
*Just my 2 cents
Just make sure when you get into an interview, when they ask where else you are interviewing, not to mention that you have interviews with other divisions whether it be internally or at other banks.
There will probably always be that one bank that is really weird about it, but from what i've seen in the past most of them aren't.
Agree with xqtrack. Applied for 2 divisions, got int with both. offer from 1 so that might have played a role somewhere in the back between deciding who to hand out offers to.
F my life. I only applied to IBD positions cause I was afraid of the indecisiveness issue. Didn't work out too well for me... Come full-time I will apply to everything.
When I was applying for FT, I applied to S&T and IBD. Got interviews with both, invited to superday for both, but by the time the S&T superday came around I had already received an offer in IBD and accepted. So I turned down the S&T superday, but anyway, I agree with most of the other posters. It's really not a big deal - just if you accept a position, make sure to bow out of the others.
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This isn't an issue - by the time your resume actually gets looked at by someone for more than 10 seconds, it will be dispersed amongst the different divisions you've applied to, and there isn't much correspodance between them re: recruiting.
It would take someone in HR who's managing recruiting for multiple divisions to randomly get your interview in their multiple piles to review, and then they'd have to remember that they'd seen it.
is it taboo to apply to more than one division of the same i-bank? (Originally Posted: 12/25/2006)
is it wrong to apply to trading and IB within the same bank? is it also as bad to apply to an LA and NYC office of the same bank, but even if both were in IB?
as long as the bank doesnt specifically say not to
it's not "wrong" but its stupid. auto-ding in my eyes
my comment above was about different divisions. different cities is fine
S&T or IB? Make up your mind man. You can double app but keep it in different cities, and try to stay consistent in what you want to do.
can anyone else comment on this? I'm interested as well. For Summer Analyst, do they want you to be focused on 1 division or does it not matter so much? Because honestly I'd prefer IBD, but if that plan fails, I'd still jump at the chance to take a trading job.
for summer analysts its really not that big of a deal. For full time its a major mistake.
when you apply for more than one location, do you just say i prefer [location 1] but i also applied for [location 2] because _________? someone fill in the blank for me? for example, it sounds pretty dumb to me for someone to say "yea i prefer working in ny because thats where it's happening and HQ is where all the resources are at, but if i can't work there then i'm fine with working in SF too." i mean, why would SF even want you still in that case? help, anyone?
when i applied, i applied to multiple positions within a bank.
generally i was selected for only one but there was a bank or two where i had interviews for two divisions, i was told that if i received both super days i had to pick one.
from my experience, its completely ok to apply for more than one position in different divisions within a bank. Most of the time, they will only select you for one anyways and in other times like gekko said, you ultimately get to choose one.
If you are also applying for a summer analyst program, i dont see whats the harm at all in applying for more than one. Chances are you probably dont know what you truly want to do and you would gladly take either S&T or IBD in heartbeat so why limit your potential for either? Just apply for everything, that was the biggest lesson i learned through my on campus recruitment process.
Not taboo at all, the banks all have different recruiting personnel and therefore will not know that you are applying to different positions.
bj, you are completely wrong. s&t and banking share notes.
I guess I should have elaborated, Equity Research and Banking have different personnel and different application processes.
research is a crossover role, and it can be lumped with s&t or banking depending on the firm. i'm fine if people apply to s&t and also research.
Applying for too many internships at the same BB? (Originally Posted: 01/11/2012)
There's this BB and they say you can only apply to 3 different divisions.
I applied online for three positions. Two FO and one BO. The one BO is through OCR but the other two are not.
I interviewed for one FO at a superday but was dinged.
So my application has the one FO role and the other BO left. I know I wont interview for the other FO position (its IBD) so I know all I have left is the BO spot which is done through OCR.
However, this BB has another FO role through our OCR. Should I just submit my resume anyway? And not even apply online? Or will they know I applied to too many divisions?
On all of the applications it says submit through OCR and apply online. But on this one for the FO spot it doesnt say to apply online.
Can I just cancel my IBD application and replace it with that other FO spot? Or will that look bad?
You might as well try. The more opportunities and applications the better.
All online apps are bs...OCR is the only thing that will give you an interview
the online app got me two FO interviews at that firm. So i def think it matters for them.
Yeah I agree^ OCR will be the one that will give you an interview. btw some BBs have application limits (eg you can only apply to 2 positions etc) so watch out for that
Does applying to 2 divisions of a bank in OCR hurt your chances? (Originally Posted: 01/22/2012)
For example, applying to Houlihan Lokey in CF, FAS, and Restructuring? Or how about applying to both Lazard and Lazard MM.
I don't think that hurts your chances. When I was invited to the HL office, HR told us to rank our group/office preferences, and I interviewed with both CF and FAS. Also they had separate OCR. And I interviewed with Lazard CF and CapMkt.
applying to multiple divisions within a bank (Originally Posted: 09/17/2009)
How would applying to multiple divisions within a bank look in the eyes of a recruiter or HR when they screen resumes?
My understanding is that if you apply to multiple divisions with no relation to each other, then it shows indecisiveness.
In addition, should I send a separate cover letter for each division? I am wondering if a recruiter looked at my two cover letters and saw that I was interested in capital markets (CMO Citi) on one letter and then saw that I am interested in financial services (GTS Citi) in another, how would he/she view this?
Thanks for the input!
bump for this. I'm applying to summer analysts positions right now and am wondering the same thing. In my case S&T and IM at a BB. I usually just keep the same cover letter and change the position title. Can I do the same for two positions at the same bank?
Can We Apply to More Than One Offices (NY, LOS, etc) of the Same Bank? (Originally Posted: 04/27/2013)
I am curious that do different offices of the same bank have separate recruiting processes. For example, I think Houlihan Lokey may have IB services in both Los Angeles and NY offices. Can I apply to both offices and have a chance to go for interviews in both offices?
I believe so
My understanding is that you can interview, but typically won't receive offers from both locations at the same time.
Do you think one office may say: since your school is closer to the other office (or only the other office recruit from your school), so we will not accept your application?
.
I think at one point I interviewed with HL RX for Chicago, LA, and London within the same week and a half haha
yep had super days with citi la & nyc simultaneously as well as hl minne & la so definitely doable
Yeah, just make sure you don't mention that you specifically want to work in that particular city if you are interviewing for multiple locations. Know someone who did this and it backfired (one bank called another, then called him out on it)
You can definitely do this, but you run the risk of ending up with zero offers because your interviewers doubt your commitment to accepting their offer.
What's "LoS"?
rofl, who says LOS instead of LA?
I figured thats what it meant. Interestingly i see it in email signatures.
Applying to Multiple Divisions (Originally Posted: 01/06/2009)
Is it a bad idea to apply to multiple divisions within a firm, for instance to both IB and S&T? Would this be frowned upon by IB recruiters?
Most people might disagree with me but I'd say go ahead and do it... I dont think it's going to look bad these days. I know usually it might give off a sense of "lack of focus" and that you're not 100% set on one path, which might mean that you don't want it as much as other people... However, nowadays you've gotta play a bit of risk management with your applications... I think you can do it, just have to make two points clear:
1) You've got to make it sound like the skillset that you're looking to learn in each job will yield you the same knowledge and experience... Not sure how you'll do that with IB and S&T...
2) If asked why you are applying to several divisions (which prob. wont happen anyways) you should tell them that because of the risky environment, you wanted to increase your chances because at the end of the day, you REALLY WANT to be at THAT bank and no other bank, and that as long as you're learning those skills and getting that exposure you're really looking for, you will thrive in either position....
I did it, I applied to three different divisions at one bank, worked out fine.
Do recruiters care if you apply for 2 positions within the same bank? (Originally Posted: 08/15/2007)
Do recruiters look down on seniors applying for 2 divisions within the same bank? Or is each of your applications considered independently?(Not suggesting to apply for both IBD and S&T, but still two different positions) I've heard mixed views on this, but not sure what's true exactly
depends on the bank, most of them suggest you focus on one division check out their websites, most banks will have some info about it in the careers section
Just look at it from the bank's perspective. You have two applicants, one has applied to two divisions as he is not entirely sure what he wants to do while the other is so passionate about a division he has only applied there The recruiter won't know the conviction and passion of a certain applicant but guess what most recruiters assume
I applied for two positions at a BB in undergrad. Got an unexpected phone interview one day and wasn't sure which position it was for and the interviewer didn't make it clear. One of his first questions was which I was interested in more, IB or S&T. The honest answer of course was that I just wanted a job that summer and would have been fine with either one so I said both. The interview ended shortly after that so def got dinged for that. Turns out it was for S&T. Lesson is, remember what you applied for and if you really don't remember just take a guess at one or the other :)
I applied to three jobs at Zenefits. Literally was phone interviewed by 3 different recruiters (they split sales/account management/biz dev) and only after that did they realize, and ask which I prefer since I was going to be offered 3 in person interviews.
I'd say if they're different divisions (e.g risk vs. ibd vs. sales) then you might be alright. However, it depends how HR does their recruiting whether anyone will even realize.
Applying to 2 Locations (Originally Posted: 11/23/2010)
Hey guys, just curious, what if you apply to Hong Kong and New York for SA?
Common sense, no one likes to be a back up choice, especially HK. So what if during the interview they ask you do you want to work in HK or NY for FT? In other words, what if during first/second round they ask what is your first choice? Say HK, you lose NY. Say NY, you lose HK. Any way to keep both?
Thanks.
There are opportunity costs with every decision...
Decide for yourself where you would want to be & pick one -- HK or NY!
Help! Applying to two different locations in one BB -- If I mess up Interview #1, will that hurt my chances for Interview #2? (Originally Posted: 11/11/2010)
Hello,
I'm currently interested in applying for SA positions for BBs in both their HK and NYC locations. I have been told before that applying to two locations within one firm is acceptable, but HK recruits 1-2 months earlier than NYC and as a result, their interviews are also 1-2 months ahead.
HK interviews are generally held over the phone starting in December, whie most NYC applications are not due until January. If I mess up my first round interview in December with the HK office, will that put me at a disadvantage for getting first rounds in NYC?
My primary focus in NYC (since that is where I want to be working after graduation) and I am really worried about this. Most of the BBs actively recruit on my campus for their NYC positions and I feel like I would have a better shot with NYC than HK. If that is indeed the case then I would reconsider applying to HK at all. However, if my performance for HK interviews dont have any effect on my chances for NYC then I would go ahead.
Any help would be much appreciated! CS' HK application is due this Saturday and I have to figure out if I want to go ahead and submit it.
Thank you!
You will be fine. Offices generally do not communicate between international locations regarding SA candidates.
Again, this is a general statement. Your best option would be to perform very well (obviously) on your first interview so that only good words spread.
Hm so even if I dont qualify for an interview in HK, I could still be considered for NYC?
I feel like that kind of negates the whole concept of a "global" institution, since some people qualified in one location may not qualify in others.
In reality, global institution just means that the left hand doesn't know what the right hand is doing
I would definitely prep hard for the HK interview. The demand for an NYC gig is so much higher that you have the advantage of competing with less players for the HK job. But to answer your question, you should be fine if you do just "OK" in the HK interview. Global office generally don't go into explicit detail of how a SA interview went.
Applying to both S+T and Investment Management (Originally Posted: 01/15/2012)
I am genuinly interested in both...is it a bad idea to apply to both for the same company? I feel like they are more closely related than ibanking and s+t.
No expert in the two, but I don't see a problem. I had friends who interviewed for S&T who were actually told by their interview partners that they should look into investment management and then got set up for interviews with them the same day.
I don't see a problem with that as well. A similar story happened to my friend as well...he got a separate interview the same day too with a different division. Cant recall the group though...but it was at a BB
Apply to both CapMarkets + IBD? (Originally Posted: 11/14/2012)
Some firms have separate postings for GCM (DCM, ECM, LevFin...etc). Is it frowned upon to apply to both GCM and IBD? I understand that applying to IBD + S&T may raise a few eyebrows, but what about GCM + IBD? easier to pull off?
I wouldn't think it would be frowned upon- if you have interviews be able to talk about why that specific division, but I wouldn't worry about it. If they are recruiting separately they very likely have separate recruiting teams and HR anyways (I know MS as one example that does).
Here's another related questions: are the technicals for Capital Markets and IBD the same? If so, I know that there are some banks that are okay with individuals applying to both.
Interested to know too. Anyone?
If you are applying for general IBD vs. a general capital markets position (DCM, ECM, or LAF) I would expect many more modeling type questions for IBD. Capital Markets tends to be less technicals in general (may still ask accounting type questions). A common question is asking if you follow the markets and what your thoughts are on current market activity or forecasts. Generally speaking though, Capital Markets interviews (at the places I have interviewed at) tend to be much more focused on fit.
Multiple interviews within same company (Originally Posted: 10/12/2016)
I'm internally applying to positions. I have two interviews set up for different roles within the CFO group at F500 company. I was wondering how hiring managers/HR view candidates that are interviewing for multiple roles at the same. Is it better to interview for one role at a time?
If you had a choice, sure, because it makes you seem more focused.
Being that you have the interviews, it's too late to ask the question you are asking. What you should plan is on how to spin this in your favor.
Find commonalities between positions and emphasize that you want to be in a place with great culture, etc. etc. love this company so much bla bla bla therefore you don't care too much about which position with CFO you start in as you're sure you'll learn a lot.
Applying to Different Groups? (Originally Posted: 06/26/2017)
Thought this might be helpful to others including myself
Some banks allow you to apply to up to two places like NY and Chicago, but the groups are based on location. i.e. you can apply to most groups including S&T in NY, but only IBD in Chicago. Does it hurt your chances to apply to different groups in different cities? I feel like it's important to show them that you're chasing only one path.
I think as long as it isn't the same group in different cities (eg ibd in chi and nyc) it's not a big deal. There are a few older threads discussing this if you look for them https://www.wallstreetoasis.com/forums/applying-for-different-positions…
Exactly what I needed, thank you!
Applying to different divisions (Originally Posted: 12/30/2007)
My school career center has listings, for example - 1) Investment Banking Summer Analyst, ML 2) Global Markets Summer Analyst, ML
Both the listings have different recruiters listed.
Is it ok to apply to more than one division at each bank? I'm not a finance guy, but an engineering guy. So in short I don't have the best background, however I've been encouraged to apply since I've been told that these banks love tech guys. I'm really just looking to test out a possibility of working in the financial sector in the future. Since most of the these companies train you before the internship anyway do you think they will look down upon me applying to a couple of divisions.
Also if it were acceptable, whats the best way to handle cover letters for different divisions?
It's fine. Since your school listed them, I'm going to assume you go to at least a semi-target. With that said, I got interviews at a top bank in both trading and IB and got an offer from one (both went to final rounds).
Just do your thing.
I would agree and apply to both. Obviously, you want to have different cover letters that tailor to the duties of the two different positions.
How about if the recruiter listed is the same person?
this is touchier than people think and can backfire if u r interviewed by both. the divisions will question ur devotion to their respective field. when i was interviewing, i did this at a bank, and was called post-superday by division B to be rejected from division A so i could interview with division B. think about it.
oh and there were different recruiters in this situation. but they communicate.
Applying to different divisions in a BB (Originally Posted: 06/12/2013)
Hi monkeys,I noticed that there are a lot of different OCR positions offered in my school (S&T/IBD/ER/Capital Markets/Technology etc), and I was just wondering if it would be okay for me to apply to all of them?
If I did apply to all of these different positions, will it disadvantage me? Or should I just go for the 1 (or 2? maybe?) position that I am most interested in?
Much appreciated.
each BB has its own rules regarding that
It's always helpful to ask beforehand, but typically the different departments have different hiring managers/HR and so you could apply and interview for all of them. It depends though, because some banks do set limits, I'm just talking about the firms that don't.
Is it bad to apply to more than one division? (Originally Posted: 05/21/2016)
I am more interested in investment banking, but securities is another division that piques me. Basically, I wouldn't be mad if I were to work in securities as a career, but would rather prefer IB. If I apply to IB and Securities on my application, does that hurt my chances in getting an interview/internship in either because it shows unsureness?
From my experience yes.
No it most definitely shouldn't. Expecting some kid out of college to be 100% sold on IB, research, trading, etc. without any FT working experience within them is ridiculous. I see it as showing curiosity among different facets of finance.
No
At a Goldman recruiting event I attended HR said they don't view applying to IB and Securities positively. They're 2 completely different roles with very different skill sets. Their view was applying to both either shows a lack of interest in a particular division or a lack of awareness of what the roles entail.
I know more analysts and higher level people like MD's in Securities than I do in IBD. Do you think I should just leverage that and apply to Securities and forget IBD?
Mergers and Inquisitions has a fantastic article on the subject that basically mirrors Incapable Chimp's opinion. Can't post the link but would recommend googling it.
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