How many banks did you apply to?
I'm speaking to all analysts. How many resumes sent out? How many interviews? Were they all for positions in NYC?
I'm speaking to all analysts. How many resumes sent out? How many interviews? Were they all for positions in NYC?
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Career Resources
Applied: 14 1st round invites: 12 (9 conducted so far) 2nd round invites: 7 (3 conducted so far)
Did NOT have an internship in ibanking.. Positions for various locations depending on the firm.
Applied to top and middle-tier bulges, top-tier middle markets, and top-tier boutiques.
It was a while ago, so I only vaguely remember the numbers. I sent out somewhere between 30 - 50, interviewed at somewhere around 10+, accepted the first offer that came my way (which happened to be my top choice) and stopped interviewing. Maybe 3 of the 30 - 50 were for positions in NYC.
Applied: 1 BB bank (NYC) Interview: 1 superday
I didn't really bother, as the credit crunch has made BB banks look solely at their target schools... figured it's a waste of effort applying to 20+ banks.
Applied to 5 banks, got interviews and offers at 4
Uhh, I probably applied to 15 or 20 or so. Definitely overkill. That shit was stressful as hell though.
Did you guys apply mainly through your schools Career Centre or did you also apply online to the MM and BB banks?
If so, how useful was it applying online or was it near impossible getting called back by merely applying online. I suspect its a bit easier getting interviews at the MM firms by applying online than at the BB....
My target has an online career services recruitment system. The big banks usually required online applications as well.
45 resume drops 15 first rounds
I did banking this summer and had an offer.
Resumes sent out-way too many. One out to every BB investment bank. Went to a non-target and made a very stupid typo which probably got me dinged. (Bachelor OR arts instead of OF)
Got a first round interview with one BB which I spent a lot of time networking earlier. Made it to superday and got the offer.
Don't rely solely on the online apps. Use your career center and make sure you network. Full time recruiting across the street was tougher this year due to a weaker market outlook and summer intern recruitment designed for a bull market. I don't think summer intern recuriting will be significantly diminished this year. If you are at a target, you should be fine. If you're at a non-target, start networking and be prepared for a lot of work. (this was true when the market was stronger, but it is even more important now)
How many applications did you fill out so far? (Originally Posted: 09/15/2006)
20 so far for me.
That's a good start. By this time last year I was probably at around 20 as well.
how many did you end up filling out? and when did the first calls for interviews start coming in?
I stopped in October when I got my most-wanted offer, but at that time I'd filled out around 40-45 all told (including other industries). First calls started coming in within days of my sending my resume (through the school job site, of course). With the 3.97 GPA, I got about 1 first-round for every 3-4 resumes I sent in, and about 1 second-round for every 2 first-rounds. (These numbers are very loose, by the way.) Some made me offers on sight (desperate companies; stay away from them). I ended up with three serious offers that I liked and took the best.
When I attended the super day for the bank I'm currently at, they called and gave me the offer while I was still in the airport waiting to go home. I accepted right then and there; no shopping around.
"I got about 1 first-round for every 3-4 resumes I sent in."
Your numbers are skewed because you were at a non-target though. Right?
you say you went to non target...was it a school that noone on Wall Street ever heard about? or was it a major university like I dunno Notredame or something along those lines.
It was a major school that everyone had heard of, but not a target. Actually, it's a target this year, so I suppose all that has changed now.
how do you find out if your school is target? Because i.e. with my school we have the big name banks coming to campus...but it seems all of them are recruiting for the finance and operations departments.
Well, if they're not recruiting for IBD, you're probably not an IBD target
yeah thats what i figured, well at least I have a slight advantage because of this IB club i'm in. Suppoed to have a lot of IBD guys come in and speak, so good networking opportunities.
How many firms to apply..? (Originally Posted: 09/21/2012)
Hi, sorry to be annoying, but I want people's advice on application process generally.
I was wondeirng how many firms people usually apply to for entry level consulting analyst position (straight out of undergrad, no relevant job experience, science & econ major with ok GPA)
So far, I applied to Bain, McKinsey, BCG, and Oliver Wyman. I feel like I'm not applying broadly enough, and in my past messages, people recommended that I apply to "boutique firms".
Also, during a case interview workshop today at my school, I heard of someone already getting interviews, but I haven't received any. Also, the career center counsellor was saying that I should be receiving interview offers within one week of submitting applications. I submitted my applications late last week/early this week, but I have not received any replies back. I am starting to get bit nervous as I would really love to get a job somewhere this time next year.
Could you recommend some other consulting firms that I could apply to at this point?
http://bit.ly/SfXzr0
In addition to your stated firms (and assuming that you're in the US), I'd look into: Booz & Co, LEK, Monitor, AT Kearney, Parthenon, Deloitte Consulting
Best of luck
Boutique firms usually specialize in one industry as opposed to MBB et al that work across multiple industries. For example, there are a lot of boutiques that focus on the life science industry in the northeast, such as Clearview, Clarion, and Health Advances.
Good thread! Thanks for sharing
from my experiences and from what ive read/heard, there are really only 10 well-known/prestigious consulting firms out there for the US:
MBB (Tier 1) - Best of the best in every sense.
LEK/Parthenon/Monitor (Tier 2A) - Very good, if you want to pursue PE (but not go into banking) since you will get great exposure to due diligence cases as well as corporate strategy.
Oliver Wyman/Booz (Tier 2B) - Very good, if you do not want to pursue PE, but do very much want that pure strategy/management consulting work.
Deloitte S&O/AT Kearney (Tier 3B) - Notch below OW/Booz.
Coming out of undergrad, how many firms did you apply to? (Originally Posted: 10/19/2014)
I'm curious how many different firms, locations, and kinds of firms you may have applied to when coming out of undergrad. I like Florida and specifically Charlotte, NC a lot, so I intend to apply to a variety of firms there. Many thanks and best regards
I applied to hundreds. You should apply for every single opening that's even remotely relevant until you have an offer in hand. Then you can start picking and choosing.
I probably applied to ~10 during sa recruiting
Which firms/how many to apply to? (Originally Posted: 01/16/2008)
Not saying I will get all these offers, but I'm not sure how many I should apply to? I heard banks are kind of sensitive, if you they give you a offer and you don't take it, it can hurt you if you dont get an offer from your SA and apply Full Time...
maybe wont apply to goldman then
I do not think that is necessarily true. People (and yes, bankers are people) want what they can't have.
Their memories are shorter than you can believe - don't worry about turning down offers for better opportunities. If you can't land a FT offer from a SA position, you've got more to worry about than hurting HR's feelings.
Apply absolutely everywhere, and then hope to deal with too much good news.
Plus it is going to be an incredibly tough year to be gainfully employed in this industry. Everyone is going to have to hustle-up.
So I think youre getting ahead of yourself, concentrate on getting as many interviews as you can effectively handle - and crush them. Its always better to have choices - even if they turn out to be difficult ones to make.
And just as many times as the scenario you describe may hurt you, it may help as well, banks can be flattered to have their choices reaffirmed by the competition. It can make you appear more valuable. Just have to be prepared to explain your defection in case youre remembered the second time around.
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