Which Banks Recruit Outside of Their Intern Classes? (Or Take Off-Cycle Analysts)

Great Input pal. Thanks. For the record, I do have a shit boutique internship.

And yea, it gets a lot of attention from every industry except for IB. Finance is the smallest business department and our corporate recruiting department is dog shit. My professors were legit, even if my school's resources weren't. I'm just not lucky enough to be at a school with recruiting.

Thanks for the insight. Is there a place where I can look up the offer rates? or potentially how many they lose on average?

This is not entirely true. A lot of places hire more interns than FT slots they plan to hire on purpose. Honestly, the best bet is to probably gun for MM or boutiques that aren't in NY.

This is what I was trying to say above

Honest and straight forward answer. Thanks for that.

Nah dood i went to a regular university. Waiting to hear back from Wendy's about a master's in brrrgrrrrs program though. Wish me luck my man.

Perhaps sanity check was trying to make a burger flipping joke. I'm probably the only one laughing since I actually worked as a burger flipping pizza-man through college in addition to my full-time job lol.

Don't go into RIAs. They're a trap. You'll never get out of there and will spend the rest of your life managing other people's savings and retirements (exceptions apply. Note: EXCEPTIONS).

I was simply commenting on his username lol.

But someone who makes a list on why people are annoying on an internet message board is definitely a fun guy IRL.

https://www.wallstreetoasis.com/forums/10-reasons-why-you-are-annoying

To who? Won't I look like a straight up idiot if I email people I don't know/have an alumni connection with? Especially when there are hundreds if not thousands of people trying to get these jobs? It isnt like I can hit up everybody under the MD?

Yes or no? Casual or professional? what would you say for these roles below?

Analyst Associate vp

I actually would prefer middle market. I want to eventually run and grow my family's business and think middle market exposure would be the best career exposure for that. Seeing what companies get bought and for what reason and all that. I don't have any aspirations to be a bezos (though that would be cool), but I dont think it is unrealistic to grow a business that does a few million a year and has 20 employees or something.

This year majorly sucks. But every year has sucked recently. If you're special, you'll get hired, but you're right -- no one is walking into a job this year.

Probably not gonna happen with any of the BB's, sorry to say. Just sticking with the SA classes for the most part. Ex/ Barclays said they're not recruiting this fall for any analysts or associates in any city. JPM seems to be doing relatively well though--interviewing for some additional spots. Hit up those MM's, maybe you'll get lucky. Also heard Jeffs is full and done now

BBs are filling all their spots with interns... (the few lucky ones who actually got offers). Boutiques / MMs are the best places to look this season.

Are you guys talking about Front Office/IB positions, or does this apply to Back Office/MO roles as well?

for the most part, any BB hiring activity already finished through the early interviews in August

Yep I know Jefferies and Nomura are only hiring interns.

for london:

http://news.efinancialcareers.com/uk-en/115544/damn-these-are-all-the-b…

"Which banks are these? Our research suggests: - Barclays Investment Bank has no full time graduate jobs left for ‘investment bankers’ in London. It does, however, have some sales jobs. It also has full time graduate traineeships going in in Dubai, Amsterdam, Moscow, and Tel Aviv. - Deutsche Bank looks like it has no sales and trading graduate positions left in London for a 2013 start. It does have corporate finance though. - JPMorgan also looks like it has no full time 2013 graduate jobs going in M&A/corporate finance, in capital markets, or in sales and trading. It does have quant graduate positions though. - Morgan Stanley seems to have filled all its 2013 graduate places in London in M&A and sales and trading. It’s still looking for people in technology and operations. - Nomura appears to have no London-based full time graduate jobs going in M&A and no full time London-based investment banking jobs in sales and trading."

cost cutting everywhere across the board. (new) hiring's slowing, people getting cut, payout's falling, zero bonuses. firms exiting whole businesses altogether. we've missed the boat by like 10years!

biggest advise i have - do all you can to get that internship. it's the first foot in the door, the qualifier. it matters more (in some ways) than good grades or a good university (but a bit endogenous, as you probably need those to get an internship in the first place).

I'm not aware of any banks that have a regular FT recruiting/hiring process without an SA program. That said, many of the smaller boutiques don't put stock in their interns filling full-time spots, they hire for FT based on need. As such, you just need to get on as many firm's radars as possible so you're in the running when a full-time spot does become available.

5-20 man boutiques hire FT without a SA class if that's what your asking. A good amount of the small boutiques will have interns and SAs but there are a handful that just recruit on a needs basis.

I know a couple of firms who will let you get a gig as an intern for 2-3 months after graduation, have you pass your exams (some boutiques require series 7 on top of the other IB licenses because you will be a cap markets guy also) , then have the opportunity to join the firm full time. However, from my experience, those internships are unpaid or they just pay for travel,food, etc.. until you A) pass the exams B) do a good job and get a FT offer

I got a FT offer with a firm that rejected me oughtright for SA so guess that answers it. They never mentioned it either.

Can you interview with the same group and if you know the people still remember you or no?

grow a mustache and hope that they dont recognize you

I got an FT at a place that rejected me for SA, and I had the exact same guy in the interview that didn't bring me back for a second round the first time and definitely recognized me. I postured myself as having been really disappointed that I did get the job the first time around [I said it was a "big wake up call"] and pointed to a bunch of stuff that I had done in between to make myself a more attractive candidate. They seemed to go for it. Good luck.

Really depends on the level of rejection. Ie. if you made a fool of yourself then chances aren't great. If it was just a minor thing and you've improved substantially you'll get offers.