This is only true for consulting and perhaps accounting? Probably 75% of banking analysts were summer analysts with return offers so do the math - this is a 3:1 ratio. Furthermore, the odds that you get hired as a FT analyst without prior banking/consulting experience are really low, so it goes without saying that junior summer internships are what get you in the door in either case. MBB consulting has less internship spots than FT spots i.e. the ratio is favored the other way, but most FT applicants are probably coming from a banking/accounting junior internship.

 

I'm talking about any and all Big 4 groups and F500 FLDP programs. I already know that banking FT is 90% SA filled. Can you confirm that big 4 positions (consulting, audit, assurance, TAS, transfer price, FSR, corpfin, valuation, etc) actually have more FT than intern positions? also for corpfin roles? I need to know because I need to choose either junior or senior status for OCR. Thanks!

 

My posts are actually mutually coherent, in my opinion. All I want is a decent career out of undergrad, so that I may have a shot at redeeming myself through MBA, and then become an IB associate on Wallstreet. I was 100% sure that I want to delay graduation, until finding out recently (and by talking to Big 4 recruiters) that in many cases, there are MORE full-time openings than there are intern openings. Hence I'm making this thread to get second opinions.

 
Best Response
wanttobreakin111:

My posts are actually mutually coherent, in my opinion. All I want is a decent career out of undergrad, so that I may have a shot at redeeming myself through MBA, and then become an IB associate on Wallstreet. I was 100% sure that I want to delay graduation, until finding out recently (and by talking to Big 4 recruiters) that in many cases, there are MORE full-time openings than there are intern openings. Hence I'm making this thread to get second opinions.

Your industry of interest keeps changing. For IB, full-time is a bloodbath compared to SA. There most certainly are not more positions. SA is basically FT for IB. My suggestion would be to look at MSFs or to work at the Big Four and try to transfer to the transaction advisory services or M&A group. That will make it easier to lateral to IB.

 

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