Applying to IBD and Sales?

I was wondering what's the general attitude today if I were to apply full time to IBD and Sales division in the same bank?

If you're wondering how I ended up in this situation...I originally networked and reached out to someone in the sales division covering an industry I was interested in because I had a prior internship and have some experience in the sector; I do indirectly want a job but I was more focusing on talking and learning about the industry from his perspective. He wants to meet me in NY but isn't available so he refers me to his colleague who happens to be co head of the whole fixed income sales division.

Recently I found out this bank's IB division has a resume drop on my school's OCR. The IBD is hiring for its core M&A group so any industry experience advantage I may have likely won't even apply. Since I don't have a summer analyst experience, I likely wouldn't stand a chance.

I asked my friend who did apply to more than one division back in 2009 but that was kind of a different world back then. I would think someone applying to both today would be seen as someone who hasn't done his homework; this is full time so applicants should be sure of what they want, right?

Also this is boutique (or at least not a BB) and although it's not tiny, I'd imagine it's small enough that they'll be able to track me down if I apply to both divisions.

Also the person I'm planning to meet wants to meet on Sept. 26 and the resume drop at my school is Sept. 16.

 
Best Response

Apply to both. It's not an easy world in which to get jobs in a bank. Everyone knows that. An idea, if asked, say that you've spoken to some people at the firm and that you just want a foot in. Although you would prefer (insert whatever here), you've heard great things and just want to be in and work hard and prove your worth. Clearly try to make nice with the Fixed Income guy because someone like him can probably get you directly hired if he likes you. Much more so than same random resume drop. Appeal to him as a person and get him on your side. Do DD not just on the company the business lines (just the basics, what do they do, etc), but also on him (without seeming stalkerish) so you have a idea what to talk about to appeal to him as a person that he wants to have around or push forward.

Good Luck

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 

Molestiae non maxime dolore quia nam qui consequatur voluptatem. Autem deleniti recusandae ut enim tenetur. Veniam sunt non consectetur ipsum eaque assumenda distinctio. Dicta dolores ut nesciunt odio ipsa. Ratione dolore et dolorem rem eius ullam et.

Suscipit molestiae ab assumenda corporis error. Ea et ipsa quos aut. Eaque ex debitis rerum cum. Ut cum vitae corrupti consectetur itaque.

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”