Bear Stearns SA's and FT: How's the job search going?
IB
Tags:
(Monkey, 47
Points)
on 4/8/08 at 7:08pm
So for all you guys out there, how's the search for new jobs/internships going?
Personally, I haven't been able to find anything in the Bay Area, all the middle markets and boutiques all pretty much finished up hiring processes.
Has anyone had any luck finding something in the past two weeks or so?






stil looking buddy. there
stil looking buddy. there are a few boutiques in my town, and a couple of ER shops. we'll see i guess...
I was able to sign with a
I was able to sign with a Multi-Manager Hedge Fund doing quantitative research - analyzing investment strategies.
signed with Golman
signed with Goldman Sachs.
NOT
search is shitty.
my experience
I was actually fortunate enough to secure two offers (one from a more prestigious BB and one from a top boutique) and a few other interviews the week after Bear collapsed.
1) I emailed everyone I had interviewed with and kept in touch with to see if there were any opportunities available (I told them I would be willing to work for free)
2) I emailed all my personal contacts to see if they had any personal connections within the finance industry.
3) I cold called 10-15 different regional offices a day explaining my situation....the key is to talk to people within the firm...getting transferred to HR in NY = death.
While I feel blessed and very lucky to have these opportunities, I feel that if anything, these times are a sure test of determination...don't give up and keep trying.
I got on the horn right
I got on the horn right after the Friday collapse. I however, had little luck. I touched based with everyone I'd previously interviewed with and found that at most places, positions had been filled.
I know most people on the site claim that boutiques are still hiring now. I've been lucky to find two small shops that are, but 99% of the places I've looked have thwarted my attempts with, "We do not hire interns", or "We have already hired interns for the summer".
In other words, not good - we'll see how the next couple weeks play out. It sucks because a few places I'm talking to want me to come out and interview. Not exactly easy when finals start in 7 days.
100% agree
100% agree
are any of you guys putting
are any of you guys putting the fact that you had a Bear offer and lost it on your resume?
Congrats
I was actually fortunate enough to secure two offers (one from a more prestigious BB and one from a top boutique) and a few other interviews the week after Bear collapsed.
1) I emailed everyone I had interviewed with and kept in touch with to see if there were any opportunities available (I told them I would be willing to work for free)
2) I emailed all my personal contacts to see if they had any personal connections within the finance industry.
3) I cold called 10-15 different regional offices a day explaining my situation....the key is to talk to people within the firm...getting transferred to HR in NY = death.
While I feel blessed and very lucky to have these opportunities, I feel that if anything, these times are a sure test of determination...don't give up and keep trying.
Congrats man! How exactly did you manage to get the BB and top boutique offers? Same pay or are you doing it for free? PM if you don't want to post it.
Ross, no but I tell them my situation.
nonprofit offer
How much time did they give you to think about the nonprofit offer?
pay
Same pay, luckily. Both offers were more than competitive with what other interns are being paid.
Trojan - How have you
Trojan - How have you already gotten your non-profit offer? HR told me that JPM is expected to get them out in the next week or so, but that they haven't done them yet because they're still working on the list of NPO's available.
I don't understand why you
I don't understand why you would even consider this if you're working at a multi-manager quantitative hedge fund doing real strategic analysis--I don't know of any summer job at Bear that I would consider more prestigious than that.
gka- I'm not considering it.
gka- I'm not considering it. I've already signed at the HF. I just was wondering when JPM would be getting back to us. They are supposed to contact SA's about alternative internships (NPO's) and early recruitment for 2009 analyst positions... I was wondering if others have already heard from them, because I haven't.
Also, do you really think a HF of Funds is more prestigious than Bear/JPM? I know I'll actually get to do real work because I'm working directly with an analyst, MD, and PM, so I will be doing analyst level work. But, it isn't a brand name like Bear Stearns is/was. Thoughts?
so...
Same pay, luckily. Both offers were more than competitive with what other interns are being paid.
So did you interview with them before and get to second round, know someone in the organization, or just straight up call them and ask to send in resume?
hey
I did both. One was from cold calling one was from knowing someone within the org.
To the previous poster, I didn't receive a non-profit offer...I got another offer with a bank.
The list in the "regional" section of wallstreetoasis is a fantastic list...although both my offers weren't on that list due to their size.