How does IBD recruiting work?

Title says it all.
I go to a target school, and most BBs recruit here.
Is there any difference if I do OCR versus online submission? (For example, I heard there are no OCR events for positions in Europe...) How is it different for recruiting in Europe or Asia Pacific?
Who reads your resume?
Who decides whether you get an interview? (I heard you need to know analysts to get a first round interview, but you'll need to know MDs to actually get the job -- is this true?)

Will appreciate it if anyone can shed some light on this.

3 Comments
 

There is a little genie at the top... his name is "Search" last name "Bar" he loves answering these types of questions! Give him a try I think he might have years of advice for you. Good luck on your future endeavours I am sure your abilities to think outside the box and ask great questions will allow you to succeed as a banker!

"If you survive to my age and you rack up a CV like mine, you can look at HR and say, "Fuck you. I don't try out."- Eddie
 
Best Response

For OCR, there will probably just be postings for U.S. jobs. Also, for OCR, you will need to submit an application on most banks websites in addition to through the OCR portal (redundant and annoying, yes). For applying to Asia or Europe, you'll probably only apply online (since there won't be an OCR posting). For Asia recruiting, some banks will go on a roadshow where they bring over a few bankers from the Asia office to visit some campuses in the U.S. now that more U.S. students are recruiting for Asia. This usually will happen early in the fall, make sure to check the "event" pages that some banks have. No idea about Europe. But networking will be critical, whether it's for the U.S., Asia, or Europe.

 

Velit id tempore reiciendis quia. Est itaque laboriosam deleniti et inventore dolores. Et voluptas expedita quia aliquam cupiditate. Sit numquam dolorum rerum quas. Et natus accusantium quos perferendis aut aperiam rerum.

"The cheaper the crook, the gaudier the patter"

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”