Are there BBs that are "easier" to get into?
CO
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(Senior Monkey, 84
Points)
on 11/27/09 at 3:37pm
I was just wondering, since everyone talks about Goldman, Morgan Stanley, etc., is there such a thing as "lower" bulge brackets that might be ever so slightly less difficult to get into? Places like Barclay's, Citi, etc. are seldom discussed here (from what I've seen), so are those less desirable/less competitive to some extent?





Certain groups within banks
Certain groups within banks are harder to get into.
.
BAML, Citi, UBS
Besides GS/MS and sometimes
Besides GS/MS and sometimes JPM, just about every "BB" can be "easy" to get into, including citi/boa/ubs/barcap/etc.
Even JPM has a bunch of "nontarget" kids and even high school kids in their program where they rotate every summer and pick whatever division they want for fulltime (someone knows what i'm talking about). Even Baruch is a target for them and there are quite a few Baruch bankers at JPM.
.
Besides GS/MS and sometimes JPM, just about every "BB" can be "easy" to get into, including citi/boa/ubs/barcap/etc.
Even JPM has a bunch of "nontarget" kids and even high school kids in their program where they rotate every summer and pick whatever division they want for fulltime (someone knows what i'm talking about). Even Baruch is a target for them and there are quite a few Baruch bankers at JPM.
My problem is that I don't even go to a non-target IN NYC like Baruch. I'm from the NW, which isn't in the same ballpark region-wise. But I guess it's comforting to know that I have a shot at non-GS, MS, JPM banks even though I'm from a non-target...
Does anyone know how competitive Barclays is relative to GS, etc.? Somehow, I've always wanted to work for them or BoA (don't ask why. I think it's because they are the first banks I heard about when I was in middle school). One person said BoA isn't as hard, but what about Barclays?
EDIT: Sorry, I'm a bit unfamiliar with the terms, but does Barcap = Barclays?
Non-target person with high finance dreams
The BBs
The BBs such as BOA, Barcap, WB/WS, etc are easier to get into than the top notch shops such as the obvious GS and MS. That said, even those "easier" BBs are very dififcult to break into from a complete non-target without some network support. I'd advise you to find out where your school's alumni have landed and begin reaching out to them. From there, you will have a better shot at breaking into those "easier" BBs as part of a SA program or FT program. Good luck.
IBanker
BankonBanking.com
Non-target
The fact that there are a bunch of non-target kids in a bank does NOT imply that the bank is easy to get into. I'm just to tired of writing about the douche-baggerie of people who think that just because they're from a target school they can be more competitive and better than non-target kids... so I'll stop here.
We'll see if you can get into one of these "easy" banks and then you'll see what I'm talking about.
yeah i thikn he meant that..
yeah i thikn he meant that.. wachovia bank / wells securities
WB = Warner Brothers
WB = Warner Brothers
BOA and CITI. Not saying they
BOA and CITI. Not saying they are worse than the other firms except GS/MS/JPM, but seems they hire more.
What most people don't tend
What most people don't tend to realize is that its not always clear cut which kids end up at which banks. It's not as if the top 2 kids go to GS the next 2 go to MS, etc. There is a lot of randomness when it comes to picking resumes and once in the interview, a lot is based upon fit.
There were kids at my school with interviews at GS and MS but did not from BarCap or Citi. I myself had multiple offers and interviews but did not get past the first round of my Citi interview.
BofA and Citi hired a lot for full-time due to their severe under-hiring for the summer. To give perspective, JPM's summer analyst class in New York was around 130. BofA's was about 42.
I would say more people want to got to GS/MS for obvious reasons, so they tend to compete less for other candidates. But I wouldn't necessarily say that they're more selective than any of the others.
BarCap and BofA are both still highly selective. They are after all largely legacy Lehman and Merrill Lynch. Pre-crisis, most people wanted to work for the traditional standalone ibanks - GS, MS, LEH, ML. The bankers there had high standard for candidates and continue to do so.
Getting into an "easier" BB is by no means easy in relative or absolute terms.
True that hybrid. I mean look
True that hybrid. I mean look at me I struck out at BB's. But I did hear UBS was pretty easy, esp this year they were calling up past kids and giving them FT offers over the phone.
99% of people on here must still be in college
Citi has 45 people between sales, trading and quants in NYC and 55 globally in the 2009 analyst class (first years). there is not a single BB that is easy to get into...NEVER call wb/wf a BB--that's a disgrace. you are clearly not in the industry and probably not even a senior in college.....i forgot why i haven't been on this site since graduating but now i remeber lol
^I think you've been working
^I think you've been working too hard mr. citi man, a lot's changed. I didn't get into Wells IBD, they only have around 600 bankers total and I have much higher stats than 3.4 from a nontarget.
"Year: Senior
Accepted: FT at Citi S&T
school: Bucknell/Colgate/Lehigh
GPA: 3.4
Accounting: 3.4"
-jgl12345usa
Wells IBD is not bulge by any
Wells IBD is not bulge by any means...
As for easy to get into, just keep trying and eventually you'll find the right fit for you. It really is mostly about the fit. Anyone with a 3.5 that does anything and can network can get an interview. Then you have to fit better than the rest of the people in your pool in the mind of the interviewers. From what I've seen, fit trumps everything else they look for.
I think GS and MS are
I think GS and MS are generally harder to get into, but between the rest of the BB's it is generally the same. All BB's look for the same criteria in a candidate, and you either have the qualifications or you don't. Where you get interviews/offers also has a great amount of luck to it. Depends on who you networked with, who interviewed you, their mood that day, your mood that day, etc. Overall there is no BB that is really "easier" to get into.
Wells IBD is 7th in M&A for
Banana
Wells has done well enough in
The BAML integration process
Honestly,
IBanker
BankonBanking.com
I agree 100% bankonbanking.
The difference between Wells
RBS is dying, I wouldn't go
lol
saag
Wells Fargo has been above