IBD SA: Rank these 5 applicants

Just for shits and giggles, and because we love this stuff - imagine you're scanning over resumes for SA applicants at your BB. You're under pressure to bring in one intern who will kick ass and get the dirty work done and make you look good.

How do you rank these five:

edit: assume several "targets with 3.8+ GPA's with CS/Econ/Finance majors who have previous experience in banking/S&T/Hedge Funds/PE etc" have already been chosen and your department wants to select some candidates with other varying backgrounds to "round out" the SA class

1) liberal arts major at target, 3.3 gpa, no previous internships, but expresses a newfound interest in finance (uncle works at Barclays and inspired him over xmas dinner to apply for SA positions just to see what happens). Seems bright and fun to have in the office, but you're hesitant they might not be up for putting in the long hours / getting the grunt work done. Would likely ace fit/behavioral questions, would def miss some technical questions.

2) econ major at semi-target, 3.4 gpa, no previous internships but manages small personal portfolio and is taking on a solid course load. He happened to cold-network you via email before with a nice email, but you never responded. He seems like a hard worker (varsity athlete). Small typo on resume (minor misspelling of a word).
Would likely ace fit/behavioral q's, so so on the technicals.

3) finance major at non-target. 3.9 gpa. manages personal portfolio, previous pwm internship, has cold-networked the shit out of your bank, and it seems like he won't stop until you guys bring him in for an interview. seems socially awkward and fit/behavioral questions could be a struggle for him, but would nail the technical questions. studying for cfa level 1.

4) current msf student at second tier. currently a 3.4 gpa. started msf right after graduation. 3.0 gpa at non-target ugrad (finance major), pwm internship after junior year. doing msf to make up for low gpa / non target / no SA internship in past. msf hires are allowed at your bank for sa positions. would be average on fit/behavioral, high on techinical q's. studying for cfa level 1.

5) international applicant from western europe. school a semi target (so you've heard..) from the netherlands. gpa is equiv to a 3.5. seems like a bright kid but english is second language (obvious in cover letter). previous ibd internship in london between 2nd and 3rd year with a major bank (UBS or equiv). manages £100k aum fund with a friend over last 3 years and has shown a decent return. unsure about fit/behavioral, would probably ace tech questions.

assume all other factors are equal, and yes this is all hypothetical.

 

2

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

How about to 10000000 kids at Targets with 3.8+ GPA's with CS/Econ/Finance majors who have previous experience in banking/S&T/Hedge Funds/PE etc. You forgot about them.

Some of them don't even get interviews or offers.

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
 
Will Hunting:
How about to 10000000 kids at Targets with 3.8+ GPA's with CS/Econ/Finance majors who have previous experience in banking/S&T/Hedge Funds/PE etc. You forgot about them.

Some of them don't even get interviews or offers.

didn't forget about them, just thought that would be the easy answer.

First person that comes out this fucking door gets a... gets a *lead salad*, you understand?
 

As a person who has never been involved in deciding who to hire, I would pick 4 because 4's been studying finance longer and he has spent more time with the material. 1 is good. I hope he is young though - you have to teach him a lot. As a person who is based in Europe, excessive cold-caller/emailer is out, so 3 is is out. 2 is good - like the fact that he goes to a gym. 5 is out for me. I don't know the grading system in Holland and I don't understand why he is applying for a SA in the US.

I would interview 4, 1, 2 in that order.

 
  1. I played football in college so I would have a preference for varsity college athletes because I know it takes a kind of work ethic that can't be found in the classroom. Plus fit is more important, and as long as he is halfway there on the technicals you can teach him the rest.
I would agree with you, but then we'd both be wrong.
 

if this is for a top 15 or top 20 firm none of them...crappy GPA's with no IBD experience (except for the european that can't speak english properly). if they didnt ace the interviews why would a bank hire them?

but then again im only a SA so what do i know

 

4/2,5,1,3

As some have said, you can teach people the technicals, but they need to have a solid base, and good inter-personal skills.

Toss-up between 4 and 2.

  1. Master's students tend to be a bit brighter, and certainly a bit more polished that a straight-up UG. Obviously took, and got a decent score on the GMAT, which shows he can put up with shitty work. (Try studying for the GMAT). Obvious interest in finance. Knows the shit out of the fundamentals, but isn't a straight-up egghead. Obvious hard worker.

  2. As a fellow athlete, who doesn't want another one around? As an econ major, he would have a broader-view of the markets, which I would find useful. Sounds like he would be fun to be around but not too much fun (see number 1). Econ provides a decent base, and they tend to have good communication skills.

  3. Previous IBD experience would put this guy on the bottom of the pile if I'm trying to "round out" the pack. But it also depends on what country in Europe he's from. Would not want another West-European around (no offense). Would like someone from Southern Europe. (Balkans/Spain/Portugal/Greece).

  4. Someone needs to check the pitch books for grammatical errors. Life of the party kind of kid, would not want him around fucking the place up. Might be nice to have someone to crack a good joke at 2am while cleaning up a DCF.

  5. If after 4 years in college, and the kid is still socially awkward, what hope is there? That's what quants are for. High GPA at a non-target means you did your homework on time. Pass

"Come at me, bro"- José de Palafox y Melci
 
Best Response
everyman:
edit: assume several "targets with 3.8+ GPA's with CS/Econ/Finance majors who have previous experience in banking/S&T/Hedge Funds/PE etc" have already been chosen and your department wants to select some candidates with other varying backgrounds to "round out" the SA class

I think you vastly underestimate how large this pool is. The BBs, worthwhile MMs and "Elite Boutiques" can fill their classes several times over with these guys and there will still be a legion of them that get stuck at obscure regional boutiques (biding their time for FT season).

As far as the candidates you proposed, the only ones who I feel have a legit shot at banking are 1 & 2. #1 (who is far and away the least deserving, IMHO) can literally only get into Barclays. #2 (remember that he goes to a semitarget) can turn heads at a lot of shops if his program is D1 in a bro sport.

As far as who I personally would be willing to speak with, the clear answer is #3, simply because I admire the hustle. However, I would likely ding him after the phone screen since he's "socially awkward" as you put it (wouldn't want to risk him saying something stupid when interviewing with my superiors, because it could reflect poorly on me).

I might also talk to #5, but only out of curiosity as to why he wants to come out to the west coast, probably wouldn't go anywhere unless he had some incredible story. Saying "OMG, I want to do tech in SF!" would do almost nothing for me, but if he said: "I escaped of from the motherfucking Iron Curtain by building a goddamn robot because I'm a motherfucking chess prodigy and taught myself to code at age 6. Fuck Communism! USA! USA! Ayn Rand's mah niggah!" then I'd probably tell the recruiter to give him a ring (it's funny, because you don't believe that I actually know people in banking like this).

As for #4, MS students were automatically dinged (for SA positions) in my particular group. Not sure what their presence is like at the rest of my bank. I'm sure he's a smart lad (even though he thinks that putting "CFA Level 1 Candidate" is worth putting on a resume), but I would never even see the guy's resume.

So, in conclusion, we'd probably hire one of the target school kids with the 3.8+ listed in the description above.

Hope this helps! I've been meaning to write a post about key takeaways in the SA hiring process now that I've gotten a glimpse from the other side of the table (there's a lot of shit that goes down behind the scenes you don't really realize), but I guess this will have to do for now.

“Millionaires don't use astrology, billionaires do”
 
Nouveau Richie:
Saying "OMG, I want to do tech in SF!" would do almost nothing for me, but if he said: "I escaped of from the motherfucking Iron Curtain by building a goddamn robot because I'm a motherfucking chess prodigy and taught myself to code at age 6. Fuck Communism! USA! USA! Ayn Rand's mah niggah!" then I'd probably tell the recruiter to give him a ring (it's funny, because you don't believe that I actually know people in banking like this).

Hey can I give you babies? I swear I'd make a good househusband

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I would put 2 and 3 in a boxing match.

I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature. -John D. Rockefeller
 

I know this was for IB but let me give you a different perspective (HF):

5, 3 straight to finals. Would bring in pitch to present

Would make 4 and 1 do investment pitch before deciding to interview.

I have never seen anyone finish equal after interviews. Usually once you're brought it its pretty equal, and your performance determines whether you get an offer or not.

 
blackthorne:
I know this was for IB but let me give you a different perspective (HF):

5, 3 straight to finals. Would bring in pitch to present

Would make 4 and 1 do investment pitch before deciding to interview.

I have never seen anyone finish equal after interviews. Usually once you're brought it its pretty equal, and your performance determines whether you get an offer or not.

I'm #3 without awkwardness.. Want to interview me?

Because when you're in a room full of smart people, smart suddenly doesn't matter—interesting is what matters.
 

While I work at a HF, I'm analyzing this from the viewpoint of an IB associate.

I'd only consider #s 2 and 3. #2 because he's a varsity athlete, outgoing, and disciplined (as evidenced by the sport) and #3 because of his work ethic and accomplishments. If he's awfully awkward, I'd ding him, but I'd at least give him a shot. Some people blossom later in life and I don't need social butterflies.

s 1,4, and 5 don't have a shot.

1: Unless his uncle is high up at Barcap, he doesn't even have a chance there. Doesn't know technicals AND has a terrible GPA? Get the fuck out.

4: was useless in undergrad (3.0) and still hasn't gotten his shit together for his msf. 3.4 in a master's program? Either not intelligent or not hard-working enough. One would think that he would have learned his lesson by now and started changing his bad habits.

5: why should my firm sponsor someone for a Visa for a mere 3.5? Plus, how can I trust him to interpret comments at midnight when the guy can't even grasp the english language? Way too many hoops for me to jump through to bring in a mediocre candidate. Plus, from my experience, Western Europeans don't work nearly as hard as Eastern European or Asian immigrants. I learned that the hard way working with our French office. They were the lead on a deal and yet we ended up doing far more work because of all these bullshit vacations they had. We had a joke going by the end of the deal... "oh it's Wednesday, isn't it....? must be another holiday for them." It was funnier when I was jaded and perpetually tired.

 
DontMakeMeShortYou:
While I work at a HF, I'm analyzing this from the viewpoint of an IB associate.

I'd only consider #s 2 and 3. #2 because he's a varsity athlete, outgoing, and disciplined (as evidenced by the sport) and #3 because of his work ethic and accomplishments. If he's awfully awkward, I'd ding him, but I'd at least give him a shot. Some people blossom later in life and I don't need social butterflies.

s 1,4, and 5 don't have a shot.

1: Unless his uncle is high up at Barcap, he doesn't even have a chance there. Doesn't know technicals AND has a terrible GPA? Get the fuck out.

4: was useless in undergrad (3.0) and still hasn't gotten his shit together for his msf. 3.4 in a master's program? Either not intelligent or not hard-working enough. One would think that he would have learned his lesson by now and started changing his bad habits.

5: why should my firm sponsor someone for a Visa for a mere 3.5? Plus, how can I trust him to interpret comments at midnight when the guy can't even grasp the english language? Way too many hoops for me to jump through to bring in a mediocre candidate. Plus, from my experience, Western Europeans don't work nearly as hard as Eastern European or Asian immigrants. I learned that the hard way working with our French office. They were the lead on a deal and yet we ended up doing far more work because of all these bullshit vacations they had. We had a joke going by the end of the deal... "oh it's Wednesday, isn't it....? must be another holiday for them." It was funnier when I was jaded and perpetually tired.

Just a comment about #5, I think if you thought of the Dutch guy as "northern European" instead of "western" (in along with the Frenchies). I'm not exactly sure how much harder they would work, but in my experience they work extremely hard, especially for work. I can understand your Visa dilemma, but you think a 3.5 is that bad? I'm in trouble then

"History doesn't repeat itself, but it does rhyme."
 
streetwannabe:
DontMakeMeShortYou:
While I work at a HF, I'm analyzing this from the viewpoint of an IB associate.

I'd only consider #s 2 and 3. #2 because he's a varsity athlete, outgoing, and disciplined (as evidenced by the sport) and #3 because of his work ethic and accomplishments. If he's awfully awkward, I'd ding him, but I'd at least give him a shot. Some people blossom later in life and I don't need social butterflies.

s 1,4, and 5 don't have a shot.

1: Unless his uncle is high up at Barcap, he doesn't even have a chance there. Doesn't know technicals AND has a terrible GPA? Get the fuck out.

4: was useless in undergrad (3.0) and still hasn't gotten his shit together for his msf. 3.4 in a master's program? Either not intelligent or not hard-working enough. One would think that he would have learned his lesson by now and started changing his bad habits.

5: why should my firm sponsor someone for a Visa for a mere 3.5? Plus, how can I trust him to interpret comments at midnight when the guy can't even grasp the english language? Way too many hoops for me to jump through to bring in a mediocre candidate. Plus, from my experience, Western Europeans don't work nearly as hard as Eastern European or Asian immigrants. I learned that the hard way working with our French office. They were the lead on a deal and yet we ended up doing far more work because of all these bullshit vacations they had. We had a joke going by the end of the deal... "oh it's Wednesday, isn't it....? must be another holiday for them." It was funnier when I was jaded and perpetually tired.

Just a comment about #5, I think if you thought of the Dutch guy as "northern European" instead of "western" (in along with the Frenchies). I'm not exactly sure how much harder they would work, but in my experience they work extremely hard, especially for work. I can understand your Visa dilemma, but you think a 3.5 is that bad? I'm in trouble then

A 3.5 is fine if you're American. However, a 3.5 sucks if it comes with a poor mastery of the English language and the requirement for a Visa. International students have a higher bar to clear. Look at the Canadians going into U.S. banks: they're rockstars.

 

They all suck though I would lean towards No. 1; but give me a 3.4 hard sciences or philosophy major from a target with demonstrated finance interest (personal portfolio, grasp of concepts, etc...)who has a life and can act like a normal human.

They're fucking SAs, it's not a huge risk/mistake you'll be stuck with for two years. Why do I care about finance majors? They won't actually have a clue how to do shit just because they learned CAPM in a class.

 

Hey guys,

If the Four Seasons and St. Regis hotels are booked in New York, how would you rank these five sleeping situations if I'm coming to the city for an interview if I'm looking to "round out" my experiences?

  1. On the couch in my ex-girlfriend's apartment (could be awkward)
  2. Twin bed in grandma's nursing home (problem is we'll have to share beds)
  3. $40 hostel in the Bronx
  4. Jail cell (shared with "Big D" Mike)
  5. Sidewalk

Thanks

 
wso_user:
Hey guys,

If the Four Seasons and St. Regis hotels are booked in New York, how would you rank these five sleeping situations if I'm coming to the city for an interview if I'm looking to "round out" my experiences?

  1. On the couch in my ex-girlfriend's apartment (could be awkward)
  2. Twin bed in grandma's nursing home (problem is we'll have to share beds)
  3. $40 hostel in the Bronx
  4. Jail cell (shared with "Big D" Mike)
  5. Sidewalk

Thanks

1 assuming single, good relations with ex-gf, and she's hot. all of the other options kinda suck.

 

Agree with what a poster above said: I don't like any of these candidates and would instead choose the target liberal arts econ major, international studies minor 3.8 GPA, with a good internship.

But, to entertain the thread: 2,5,4,3,1

 
WhiteKnightDD:
FALLACY!!

3 has to have exceptional social skills and be ambitious as hell to cold network with no fear. There is no way he can be socially awkward. Probably most aggressive guy in the lineup.

i shouldve clarified, I didn't say he cold networked well, maybe he was annoying as hell with a bunch of awkward emails/inmails/facebook friend requests
First person that comes out this fucking door gets a... gets a *lead salad*, you understand?
everyman:

3) finance major at non-target. 3.9 gpa. manages personal portfolio, previous pwm internship, has cold-networked the shit out of your bank, and it seems like he won't stop until you guys bring him in for an interview. seems socially awkward and fit/behavioral questions could be a struggle for him, but would nail the technical questions. studying for cfa level 1.

This one reminds me of my current situation. It's scary accurate.

Except I have better work experience and am not awkward.

The one thing that stood out to me on this was: How can you network your ass off and be socially awkward? Not believable in my opinion.

Because when you're in a room full of smart people, smart suddenly doesn't matter—interesting is what matters.
 

3,4,2,5,1

People who have shown that they are willing to work the hardest and who have previous experience clearly are more merit worthy.

“...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Schopenhauer
 

I'd go 2,4,1. I've never been in this kind of hiring position, but as a former college athlete, I'd be biased towards #2. If you're an athlete, I'd go ahead and add .2 - .3 points to a GPA. The personal time commitment along with the regular team commitment is more than most probably realize.

 

2 by far, but none of these candidates would really have a shot without good networking.. except for #3, it would probably be better if he didn't network at all if he's going to be awkward and weird and randomly friend request people

 

first option number #2. Have to remember though that the grade scale in the Netherlands is different compared to other countries, only 0.1% of students get a 10/10, so my second option would be a close number 5

 

I'm going for 3 because I really like guys with gumption and don't quit.

Interested in 5 but I'd drill as I suspect alot of the shit he says is probably a pack of lies.

I wouldn't touch 1 because she is undeserving and can easily get a job through connections.

 
azero:
I'm going for 3 because I really like guys with gumption and don't quit.

Interested in 5 but I'd drill as I suspect alot of the shit he says is probably a pack of lies.

I wouldn't touch 1 because she is undeserving and can easily get a job through connections.

Why did you assume 1 was a girl?

Because when you're in a room full of smart people, smart suddenly doesn't matter—interesting is what matters.
 

Much love for #2...Athletes recruiting athletes FTW!

I have noticed that whenever I have ever interviewed the topic ALWAYS comes up about playing sports in college and it has led to conversations about the interviewers athletic career whether it be high school or college... or if they are unathletic..their kids hahaha

 

2,1,3,5,4

European is a toss up because it can be tough to compare and he would probably be an awful fit. No necessary his fault, but things are just different over here. The guy with a 3.4 in his MSF is really weak, especially because hes using it to rebrand after a 3.0 at a non target. Personally I don't think GPA matters that much, but if he got a 3.0 from a state school thats not a good sign.

3 If you admire the guy with hustle and it depends on the non target he went to.

1 Weak grades, but if the fit is right on that would help. Plus he's got a push from family, and if he seems driven. If he has taught himself some of the technicals he could worth taking a chance on. Plus he's from the best school so he has to be doing something right.

2 Decent GPA, obviously hard working because he was an athlete, and I sympathize with any one who has ever played sports competitively. It shows determination and a desire to be better. If he can interview well he's got a good shot.

 

To be honest it seems like the way you listed them is by the chances they would have at getting hired.

  1. 3.3 at a target with strong connections, great interpersonal skills, and the ability to learn some basic technicals is definitely going to get a job somewhere. No doubt about it.

  2. Semi target will still have some connections, athlete is great, and Econ major/ portfolio shows an interest. I could see someone like this going to a MM bank, maybe a low end BB with enough networking.

3/4. I see these as somewhat interchangeable with the slight edge to 3 as long as he/she isn't completely socially awkward.

  1. This one is really weak. 3.0 at a non target and then only a 3.4 at a 2nd tier MSF. Complete no for me, just doesn't seem to have the drive/intellectual horsepower. If he transitioned from a non target to getting a 4.0 at Vandy MSF, UVA MS Commerce, etc then thats completely different.

  2. Shouldn't really even be considered for a US bank. Really tough to tell how their performance relates to Americans and if they don't speak english well they should stick to European banks.

 

1 or #2, Hell no! Weak with the internships. Also, I'm suspicions of anyone who goes into finance at the last minute because that's what his uncle does.

3 Might be good for BO or something that does not require social skills. On the other hand, I have seen people on WSO with similar backgrounds and the will to network succeed wildly in IBD/PE. Give him a shot.

4, Should have worked harder in undergrad. Also this person should have had more internships.

5 Might be good especially for AM. I would cut this person slack because he/she managed to get £100k in AUM and good IB internships. On the other hand...

Between 3 and 5, 5 could be from a wealthy background with lots of connections and hence good AUM/internships. #3 has proven to posses the epic work ethic and the will to succeed. Go with the dark horse, #3.

"Your training is nothing. The will is everything." -- Henri Ducard from Batman Begins

//www.youtube.com/embed/qHrxNmJBHJM

"He that hath a beard is more than a youth, and he that hath no beard is less than a man." ― William Shakespeare, Much Ado About Nothing
 

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