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Well, of course there is a good reason for everything bulge bracket banks do. Everything. They are very smart, you know, so it is all a part of the grand plan.

See, Goldman is the best and they want to use you to drive revenues as quickly as possible, so they count on their top-rate trainers to get the job done in five weeks so you can join your team and start making them millions of dollars.

And everyone knows Citigroup is pretty bad, but since they're cutting expenses they can't afford more than six weeks of training. It also really doesn't matter anyway since they will probably lay you off in your first year, so they might as well not blow too much cash in training you.

JPM knows that it doesn't make a difference how fast they get you trained because you won't drive revenues anyway, so they just spend as much time and money on training as possible in the hopes that you pick up enough to be of use anyway.

 

Most banks programs last between July 4th and end during Labor Day weekend. Give or take a few days.

Goldman analysts are such studs that they don't have to start until end of July, haha.

 

And I agree; those numbers are dead wrong.

Why is it so all-consumingly critical for you to learn every exact number about every aspect of the trade, dude? Even if you collect them all and perform arcane numerology stunts with them, they will not lead you to some miraculous understanding that wouldn't just come from reading up. Chill, my friend. It sounds like you are obsessing, and that people are feeding you bad data.

 

I don't know where you're getting your info. Since when training starts in September? Plus, I was told by JPM people that training this year is 10 weeks, but they also mentioned that it varies almost every year...

 

Full-time: 6 weeks

-------------------------------------------------- "Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do NOT do that thing." -Dwight Schrute, "The Office"-
 

Just to clarify, I'm interested in FT training lengths...

Anyway, from reading the comments, it seems like 6 weeks is pretty standard. So I guess it's safe to say that 10-12 weeks is pretty long compared to others? That's what the MD told me and my offer letter says the same thing. Anyone else have training for this long?

 

10-12 weeks doesn't make sense. I think fulltime is 6 weeks. I believe DB/WF are at 6 and CS/UBS are at 4.

GS and MS I think is also 6.

Boutiques might have the 10-12 week thing but you are working while you learn. Boutiques rarely have official training programs and instead put you under someone's wing. You learn and try not to screw up as much as possible.

 
boutiquebank4life10-12 weeks doesn't make sense. I think fulltime is 6 weeks. I believe DB/WF are at 6 and CS/UBS are at 4.

GS and MS I think is also 6.

Boutiques might have the 10-12 week thing but you are working while you learn. Boutiques rarely have official training programs and instead put you under someone's wing. You learn and try not to screw up as much as possible.

Well my offer letter says 10-12 weeks. Maybe it's 6 weeks of actual training and another 4-6 weeks of on the job training?

 

UBS full time for analysts with deferred offers this year was actually only 1 week.

BAML was about 5 weeks for full time last year

 
whats-the-damage
boutiquebank4life10-12 weeks doesn't make sense. I think fulltime is 6 weeks. I believe DB/WF are at 6 and CS/UBS are at 4.

GS and MS I think is also 6.

Boutiques might have the 10-12 week thing but you are working while you learn. Boutiques rarely have official training programs and instead put you under someone's wing. You learn and try not to screw up as much as possible.

Well my offer letter says 10-12 weeks. Maybe it's 6 weeks of actual training and another 4-6 weeks of on the job training?

Is this a U.S. BB or an international/foreign bank like BNP and Nomura in Europe/Japan? Most boutiques have the on the job training and don't have huge classes or huge classrooms to sit everyone down in. Most US BB's can't afford a 12 week training period because they cover all room and housing for their analysts while they are in training. They therefore have 2-8 week periods usually.

 

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