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Headhunters
 

coach01's picture
IB
(Monkey, 53
 
Points)
 on 6/9/12 at 3:00pm
head on.jpg

Hello all,

I'm currently preparing for ft ib interviews for campus recruiting in Sept./Oct.

I've seen some people post about how they got ft IB interviews from BB through head hunters (and that they were contacted because firms were interested in their specific skills like languages, computer skills, etc.).

I wouldn't think it'd be common to get in touch with banks through head hunters at the analyst level since they recruit heavily through campus recruiting.

So my question is

1) how likely is it to get connected for interviews with banks through headhunters, based on your/other people's experience?

2) What are some head hunters that you know of? It won't cost me anything to upload CV there anyway no matter how unlikely. I only know of efinancial careers at the moment...

Thanks!

Tags:
MD8's picture

I have never heard of

IB
(Baboon, 107
 
Points)
 on 6/7/12 at 1:39pm

I have never heard of reputable banks using head hunters at the analyst level, especially for a regular incoming class. Could be possible for specific roles outside IBD, but probably not worth pursuing for normal BB or MM analyst recruiting.

bob_bsd's picture

Curious about this as well, I

(Monkey, 30
 
Points)
 on 6/7/12 at 1:39pm

Curious about this as well, I have a feeling this is only applicable in certain geographic regions like London or Europe though. When I spoke to alumni in London all of them told me to get in contact with headhunters/recruiters first

drexelalum11's picture

The boutiques in London use

O
(Neanderthal, 3,635
 
Points)
 on 6/7/12 at 3:09pm

The boutiques in London use the Cornell Partnership, but that is just to manage the process; you still proactively apply.

BBs use headhunters for Analyst laterals, never heard of them being used for first-year recruiting.

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animalz's picture

drexelalum11: The boutiques

(Gorilla, 701
 
Points)
 on 6/7/12 at 3:25pm
drexelalum11:

The boutiques in London use the Cornell Partnership, but that is just to manage the process; you still proactively apply.

BBs use headhunters for Analyst laterals, never heard of them being used for first-year recruiting.

thanks, that was useful

m2's picture

Deleted

VC
 
Points)
 on 6/9/12 at 3:05pm

Deleted

wallstasks's picture

I've only heard of

 
Points)
 on 6/9/12 at 6:47pm

I've only heard of headhunters being used for lateral hires one year into the job.

Bretton James's picture

Interesting.

 
Points)
 on 6/9/12 at 8:02pm

Interesting.

Don't go around saying the world owes you a living. The world owes you nothing. It was here first.

frgna's picture

Headhunters (at least in

O
 
Points)
 on 6/9/12 at 9:10pm

Headhunters (at least in London) really only work with people who have some experience - the BB's hire out of the top schools, they don't care so much about work experience, just want smart, hardworking and teachable people. Most of the headhunters are trying to snatch the 1st year top BB analysts and place them in PE/HF, or take more seasoned bankers/investors and place them into other banks and funds.

Think about the supply vs. demand - for most IBs at entry level, all they need to do is put out a 'hiring now' sign and they have 100 or so good applicants from good schools that they can tap without paying a headhunter. However, a hedge fund with a specific focus looking to hire a 1-3 yrs seasoned pre-mba analyst is in a tougher boat - there are many applicants but few with the right skills - thus they'll typically use a headhunter to sift things out for them.

if you like it then you shoulda put a banana on it

frgna's picture

I'll say too, even with a

O
 
Points)
 on 6/9/12 at 9:15pm

I'll say too, even with a headhunter it's pretty competitive to get interviews bc everyone with the headhunting firms (that is the ones that they take seriously) has pristine resumes. Headhunters when mandated to find someone will typically present a short list of the best, and then the funds/banks will pick from that - the competition is pretty fierce.

I still think that going through your network is the best way to get interviews.

if you like it then you shoulda put a banana on it

monty09's picture

frgna, I disagree with your

EN
 
Points)
 on 6/10/12 at 3:50pm

frgna,

I disagree with your first post... when I was with JP and they put up a "hiring now" post on the net HR got way too many resumes to go through and did not even send to the hiring manager...so a recruiter was used.

WSO Conf - June 29, 2013

drexelalum11's picture

Agree with Monty. Headhunters

O
(Neanderthal, 3,635
 
Points)
 on 6/10/12 at 3:55pm

Agree with Monty. Headhunters are used regularly for Analyst laterals in London

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frgna's picture

Hi monty and drexel - just

O
 
Points)
 on 6/14/12 at 11:35pm

Hi monty and drexel - just clarifying, by entry level I really mean entry level - I think most BBs fill out their normal cycle class with on campus and their previous years' interns. I do understand to hire a 2nd yr analyst and other laterals (as drexel noted) you would go to a headhunter, as you need someone that knows excel and can spread a comp. I've also heard of some firms using headhunters if they get unexpected renegs and have to staff up on junior people quick off cycle.

I think OP though is more talking about someone with zero full-time exp going to a headhunter before normal cycle on campus recruiting, and I think that's far less common unless you have some specific language skills etc.

Cheers :)

if you like it then you shoulda put a banana on it

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