Do Boutique IB's do a fingerprint/FBI background check?
Do Boutique IB's that are Non-FDIC do a fingerprint/FBI background check?
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It has nothing to do with the FDIC dude. As long as they are a member of FINRA, you will get fingerprinted, and your card will be sent to FINRA.
If you become a registered representative, you'll have to fill out a U4. If you as so much as sneezed in the past decade, they'll know about it (unless you or one of your bros had a good lawyer connection). Unfortunately, some crimes no matter how petty (including theft), will automatically preclude you from becoming a registered rep.
I think it probably depends on the bank. I worked at a reasonably sized boutique(40 employees, ~$200 mill deals) and they didn't have any of those formalities. Basic background check but nothing crazy/ no drug test or anything
If you work anywhere reputable they will require FINRA registration and you will have to be fingerprinted.
more opinions please
Here you go: If you work anywhere reputable they will require FINRA registration and you will have to be fingerprinted.
fake id. gonna go comp sci and to the valley now, lucky i caught this early before i'd be screwed. The boutiques i interviewed with and got offers from are FINRA - i checked their database of firms. Or if im lucky, straight to VC.
considering consulting too.
Fake ID as in you got caught with a fake ID for underage drinking? Is that really enough to make sure someone can't get a banking job?
Seriously though, that should have been a pretty basic misdemeanor which doesn't really matter. Unless you're not telling the whole truth.
I am. Fake Id charge but in florida starts as felony. Got it dropped to misdeamnor, then case dropped, then expunged. It is a "dishonest" crime, so FINRA has it on file and I just spoke to FINRA and the firm would have to fill out a ton of paperwork and they have the right to not hire me based on it.
Yeah...OP, before you make a major life change first be honest with yourself about what happened. Getting caught with a fake for drinking is far different than using a fake to launder money for the Sinaloa Cartel. I'd imagine the former will be no problem and if you really think it is, ask HR for the offers you've received. You're willing to change your life-that you most likely worked for in school, networking, interviewing, etc- so the risk of asking HR or the people doing a background check about a fake ID to grab booze when you were under 21 isn't a risk.
Basically, step back from the ledge.
And like I said, it all comes back to FINRA. FINRA would require me to get waivers and then the firm would have to fill out a lot of shit, the rep said there are a lot of "ifs" and to speak with a disclosure specialist and have my lawyer on the other line. Fuck banking. If this is how it is, fuck all of it
I'm sorry but this site is full of college kids who have no clue what they are talking about. Whoever said that you'd be unemployable because of a fake ID charge that has already been expunged is full of crap.
While technically a FINRA registered firm could take away your offer / fire you for this, JUDGEMENT is applied when making that decision. I am sorry, they are a lot of stuck-up people in finance, but no one is this stuck up. Everyone drank and had a fake ID in college. If you don't want to take any risk, you can talk about it with HR before they do the check, but I can assure you the worst that can happen is that you'll be laughed at (and will probably be referred to as fake ID for the remaining of your career there)
You will be fine, I had a buddy who was in the same situation but did not have the charges fully expunged when his offer came and he still got the job, granted his charge was a misdemeanor from the start. The fact that the charge had been dismissed was viewed as him being wrongly accused by the state and the bank could not use it against him.
What type of firm was he applying to?
Elite Boutique Background Checks (Originally Posted: 01/22/2015)
Does anyone know if Evercore, Moelis, or Greenhill drug test SAs?
bump
Yes, they do. Moelis does theirs about a month in advance. Evercore does theirs 3 days before the first day of the job.
What about Greenhill?
Greenhill? bump
Greenhill doesn't test
What about Blackstone, Perella, and HL ?
background check for elite boutiques (Originally Posted: 12/05/2013)
Has anyone gone through a background check for elite boutiques? What was it like? Did they ask for unofficial or official transcripts? Some friends at Evercore said they didn't ask for a transcript at all. Thoughts?
They're not going to check you out themselves, they use a third party service that many other companies use. The third party service has their own idiot monkey grunts checking things out and they only call you up if there is a problem. They will contact your uni to verify stuff, you don't have to send anything yourself. You'll fill out what looks like an employment application. Verify criminal record right down to speeding tickets. But don't sweat it. They're mainly concerned about verifying dates are accurate and you don't have some scary criminal background.
I heard they don't really verify the GPA part.
I would venture to say they don't verify anything beyond dates of attendance at the university and whether a degree was conferred. I think they're just looking for criminal history and that you didn't lie about the school you attended or past employers.
this
sounds like you lied about your GPA and you are very deserving in sweating it out. when bg check goes out, you sign wavier to allow your school to release your GPA
in summary - you are fucked
.
background check at boutique? (Originally Posted: 05/21/2013)
I recently just got an internship offer at a boutique for equity research. I was wondering what the chances are they will ask for a transcript or do a background check to verify my GPA and whatnot at this point in the game. I had some issues with my GPA this semester and I need to lock down this offer. Thanks
I doubt they'll do the check, none of the unpaid positions that i had did one. If they're not willing to give you an actual paycheck, why would they spend money doing the background check?
This.
Don't even worry; just learn as much as you can, help out the team, and enjoy the experience.
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