Official IB Recruiting Statistics - Post your information
There has never been a post to gather data from prospective monkeys regarding their job search. To get a better idea of how hard it is to get a job on Wall Street, please post the following information regarding your job search and I will compile an excel file.
School: Target/Semi/Non Target Major: Finance/Other Business/Other GPA: x.x # of banks applied to: x Office(s) applying to: Names of Cities # of first rounds: x # of superdays: x # of offers: x Return offer from Internship: Y/N
This information will be extremely valuable to prospective analysts, and will help put into perspective the difficulty of securing an offer. Hopefully it will serve as motivation for all of us to work harder.
I'll post my stats first!
School: Semi Major: Finance and Accounting GPA: 3.8
of banks applied to: 25Office(s) applying to: New York, Chicago, SF
of first rounds: 13 of superdays: 7 of offers: 1Return offer from Internship: Y
School: Target Major: Econ GPA: 3.8
of banks applied to: all BB, several boutiquesOffice(s) applying to: New York
of first rounds: 4 of superdays: 1 of offers: 1Return offer from Internship: Y
School: BC Offices: New York, Boston Banks: about 20 First rounds: 12 (most BBs, a few MMs) Superdays: 5 Offers: 3 Return: Yes (BB tech group)
Note: information reflects SA recruiting cycle
Serious survivor bias in this sample.
Did you guys apply online or just OCR?
All OCR for me, but some of them require you to apply online simultaneously
School: B-school is a target, but I wasn't in the b-school Major: Econ GPA: 3.9
of banks applied to: 20-30Office(s) applying to: New York
of first rounds: 14 of superdays: 1 of offers: 1Return offer from Internship: N/A
Dam OCR is like an holy grail MBA for me it shall be hopefully in 2-3 years..
Target, > 3.5
Interned at 2 BB's before, applied to 2 firms (OCR), superday with 1, landed an offer. Accepted
To be brutally honest, most people accepted their return offers this year... there was very little lateral movement in the summer class
Are you not going back to 'bluebook' bank?
School: non-target Major: Econ GPA: 3.4
of banks applied to: 0 (alumnus got my resume from a resume book or professor, had a last minute spot open and invited me to an interview)Office(s) applying to: New York
of first rounds: 0 of superdays: 1 of offers: 1Return offer from Internship: Y
School: Complete non-target Major: Finance GPA: 3.3
of banks applied to: 432423Office(s) applying to: everywhere on earth
of first rounds: 0 of superdays: 0 of offers: 0Return offer from Internship: N
winning
lol you are the same as me, however I might have a slight chance at getting in a private equity analyst type role at a notable trust. Just keep talking to ppl and you'll find something. PM me if you want a few ideas depending where you are.
School: Mega non-target Major: Finance GPA: 3.72
of banks applied to: Everything in Texas (ER/AM/S&T) of first rounds: 0 of superdays : 0 of offers: 0Return offer from Internship: N
Applied to majority of F500/Corp Fin Rotationals as well, no interviews yet
yea ocr is the best every thing i applied to am getting an interview
so you didn't apply to any positions?
4/4 offers to interview only accepted 2
@whatwhatwhat and WSOWill:
HYP 3.9,
Banks applied to: 2 (GS, Blackstone Restructuring) of Offers: 2 of Jobs: 0:( What to do now?
Troll, your profile states that you attend PSU.
hehe there are also no spots in BX RX left
School: Non-Target Major: Econ GPA: 3.3
of banks applied to: 3Office(s) applying to: NYC
of first rounds: 2 of superdays: 1 of offers: 0Return offer from Internship: Doesn't Apply
:(
My Stats for last year (Sophomore):
GPA: 3.3 Major: Biology Cities: Boston, NYC, DC Type: Nontarget Cold Calls: 200 Applications Formal: 40 (1 OCR) First Round: 2 PE, 2 MM IB Second Round: 2 MM IB Superday: 1 MM IB Offers: 1 MM IB Return offer as junior SA: Yes
Associate positions recruitment
School: Non-target (run-off-the-mill state school) Major: MBA/Other GPA: 3.4
of banks applied to: ~150Office(s) applying to: SF, LA, Boston, NY, Chicago
of first rounds: 4 (1BB + 2MM + 1 Elite Boutique) of superdays: 2 (1MM + 1 Elite Boutique) of offers: 0Return offer from Internship: Y (pay contingent on the bank closing one of the deals in the pipeline)
Did not go to superdays - accepted exploding offer in BusDev/CorpDev at a regular company. Did not do any OCR, all from online applications + networking/cold calling
School: Complete non-target GPA: 3.8
of banks applied to: 4Office(s) applying to: Houston
of first rounds: 4 of superdays: 2 of offers: 1Return offer from Internship: N/A
School: Semi-Target GPA: 3.4
of banks applied to: >100Offices applying to: NYC, Chicago, LA, SF, anywhere
of first rounds: 3 of offers: 2Return offer from Internship: Had no internship
School: Semi-Target (graduated 2010) Major: Mathematical Business GPA: 3.65
of banks applied to: 40+ (networking, online apps)Offices applying to: NYC, Boston
of first rounds: 0 of offers: 0Return offer from Internship: Yes (current role, not in IB)
School: Complete Non-Target (Small City/State School) GPA: 3.71
of banks applied to: ~230 (cold emails, online apps)Offices applying to: EVERYWHERE
of first rounds: 0 of offers: 0Return offer from Internship: N/A
In addition to banks, I have also applied to around 20 F500 Corp. Finance positions, and 20 consulting firms...
School: Semi Major: Management GPA: 3.4 cum/3.8 major
of banks applied to: 60-ish (thus far)Office(s) applying to: NYC, Boston
of first rounds: 6 of superdays: 2 of offers: 0Return offer from Internship: n/a
Life sucks.
School: Super non target Major: Finance / Still deciding on double major GPA: ~3.4 # of banks applied to: ~50 Office(s) applying to: NYC, LA, San Diego, London, Houston, Dallas and Charlotte # of first rounds: 20 (18 banking, 1 s&t, 1 research) # of superdays: 7 # of offers: 1 Return offer from Internship: N
Key learnings: Networking with alumni pretty much guaranteed a first round. Having your 1st round material down perfectly increases the odds of a super day. You just need that first interview.
inb4 more survivorship bias than hedge-funds.
School: Non Target Major: Finance GPA: 3.6
of banks applied to: ~20Office(s) applying to: Chicago, Denver, Atlanta, North Carolina
of first rounds: 3 of superdays: 0 of offers: 1 (Investment Research at a small bank)Return offer from Internship: Yes, they asked me to stay on as an intern. However, its a large buy-side shop with no entry-level front office positions.
School: Target Major: Finance GPA: N/A (Europe)
of banks applied to: 15Office(s) applying to: London
of first rounds: 4 of superdays: 1 of offers: 1 (IBD)Return offer from Internship: Y
(For SA as a sophomore) School: Semi-target/Target (ie. more Sales, PWM than IB) Major: in the humanities GPA: 3.8+
of banks applied to: 5 BBsOffice(s) applied to: NY, London
of first rounds: 1 (thru OCR, didn't network seriously) of superdays: 1 of offers: 1 (IBD)Return offer from internship for junior SA: Y
School: St. Louis Community College Major: Exercise Science GPA: 2.3
of banks applied to: all the BBsOffice(s) applied to: New York
of first rounds: 5 of superdays: 4 of offers: 3Return offer from internship for junior SA: Y
Must be good with mouth exercises.
WTF is this real? If it is, you must be a girl.
Pardon me hot sexy mama, if you please to take a look at my studly bod, then I may have the pleasure of you wanting to be my number one main squeeze!
School: Semi Major: Finance and Accounting GPA: 3.6
of banks applied to: ~20 (mostly OCR MM and Boutiques)Office(s) applying to: New York, Atlanta
of first rounds: 3 (2 MM, 1 Boutique) of superdays: 1 of offers: 1Return offer from Internship: N/A
School: Semi to Non Major: Finance GPA: 3.2
of banks applied to (25)Offices: London and New York
of first rounds: 10' (every BB except the swiss banks and JP) of superdays: 8 of offers: 3 (had superdays with 2 BB's that I never went to)the power of networking - Return offer from internship: No
Oh I didn't realize this was for FT. What I posted before were my stats for SA spots.
School: Target Major: Econ GPA: 3.8
of banks applied to: 3Offices: Los Angeles
of first rounds: 3 of superdays: 3 of offers: 2Return offer from internship: Y
I have a spreadsheet going, pivot table and all. Did SA recruiting and now FT. Will post FT soon. Hopefully this gives a good representation of OCR for the average/slightly above average folks
Here is my SA result (all FO divisons, not just IBD)
School: Target Major: Finance GPA: 3.6
of banks applied to: 103Offices: Anywhere
of first rounds: 26 of superdays: 7 of offers: 4Return offer from internship: Yes from BO
School: Semi-Target Major: Finance GPA: 3.7
of banks applied to: 25Offices: Houston/NY
of first rounds: 16 (cancelled about 6) of superdays: 3 of offers: 2School: Semi-Target Major: Finance GPA: ~3.2
of banks applied to: 25-30Offices: Houston/NY
of first rounds: 8 of superdays: 5 of offers: 1Return offer from internship: N/A
School: Non Target Major: Finance GPA: 3,3
of banks applied to: 10-15Office(s) applying to: Scottsdale, Arizona
of first rounds: 4 of superdays: 3 of offers: 3Return offer from Internship: N/A
School: Non-Target Major: Finance GPA: 3.5
of banks applied to: 35ishOffice(s) applied to: Dallas, Houston, Little Rock. New York
of first rounds: 1 of superdays: 0 of offers: 0Return offer from internship for junior SA: N/A
Haven't heard back from a majority of my applications, so I guess this is technically still in progress. I will update the numbers if anything changes, but I'm not holding my breath.
I'm in shock by some of these statistics, all my BB contacts said they were full from interns accepting their offers (for NY). Is everyone here talking about IBD? I know the title says IB, but based on my contacts the amount of superdays/offers posted here don't seem to match up. Maybe my contacts don't have as much pull as others, ah well gotta keep working. Hopefully something works out for me.
There is always room for the right person. The trick is to be one.
n/a
jesus christ 3.9 finance is a joke major.
School: Target Major: Applied Math GPA: 3.8
of banks applied to: 8 (banks and HFs)Office(s) applied to: New York, Connecticut, Boston
of first rounds: 8 of superdays: 8 invitations, 5 attended of offers: 5Return offer from internship for junior SA: Yes
There has never been a post to gather data from prospective monkeys regarding their job search. To get a better idea of how hard it is to get a job on Wall Street, please post the following information regarding your job search and I will compile an excel file.
School: Non Target Major: Finance GPA: 3.5 # of banks applied to: 20-30 Office(s) applying to: Anywhere # of first rounds: # of superdays: # of offers: Return offer from Internship: N
I am just looking to get involved in some way. Ive been speaking and networking with tons of people and looking for the best advice. At this point being a year out of school I feel like my best bet would be to get a job where I can get some licenses paid for by a company then head to get an MBA. Anyone got suggestions on the best route to go?
I'd suggest aiming for a F500 company or some steady finance job and studying really hard for the GMAT.
School: Non-Target Major: Finance, Engineering GPA: 3.9
of banks applied to: 15Office(s) applied to: New York, Boston, Chicago
of first rounds: 4 of superdays: 2 of offers: 2Return offer from internship for junior SA: N/A (had no IBD internship, this was for FT recruiting)
Instead of compiling it by hand, why don't you just make a form using google docs?
School: Absolute Non-Target Major: Finance GPA: 3.3
of banks applied to: 100+Office(s) applied to: Everywhere
of first rounds: 30+ of superdays: 1 of offers: 1Return offer from Internship: N/A
School: Semi Major: Finance GPA: 3.5
of banks applied to: 16Office(s) applying to: NYC
of first rounds: 11 invites, declined 7 b/c of offer in hand of superdays: 2, withdrew from the rest) of offers: 1Return offer from Internship: N
Mostly didn't get first-rounds from boutique banks i.e. Evercore, McColl, Moelis, & Greenhill.
So what good F500 companies have good rotational programs?
GE, Lockheed Martin, Microsoft
School: Non Target Major: Economics, Global Studies Minor GPA: 3.25
of banks applied to: Every trading firm I could find; IBDOffice(s) applying to: NY, Chi, LA
of first rounds: 0 of superdays: 0 of offers: 0Return offer from Internship: N Job: Research (Got it through my neighbor's daughter)
However, I never learned financial modeling...that may be why. Am trying again this year for PWM (I am actually interested in it) at the BB's in DC, NY & Miami, so hopefully something may come from that...along with ML and MSSB. They are the modern day stock brokers and originally thats what I wanted to do, so we will see.
Banking is not the be all end all of life. For those who are trying to do a F500 analyst stint and then go to b-school to make it into banking, let me tell you that it is not worth it. You should devote your time and efforts towards creativity (i.e. either starting a business or going to a smaller private company that will give you equity stake).
At the end of the day, all bankers are sucking their clients' D and have no control over their situation. You have to be on the buy-side or run a company to be a mover and shaker.
This, IB is not as glamorous as everyone thinks. Especially at the analyst level, and it's def not for everyone. The reality is you will be getting shit on by everyone above you. You will work 24/7 literally, and it is def not as sexy as everyone thinks that's for damn sure hahahaaaa. The pay is great, but the lifestyle is horrendous lmao. LMAO @ everyone on this board being concerned about exit opps when entry opps are non-existent.
Heres mine:
School: dont matter anymore Current position: IB Associate Current offers from others: 4 Positions: S&T 3, Hedge fund 1 (europe)
Dont know what to do? not till i get my bonus this year.
School: Non-Target Major: Finance GPA: 3.9
of banks applied to: 40 ishOffice(s) applied to: Everywhere and anywhere (primarily NYC, DC, Philly, LA, SF)
of first rounds: 25 of superdays: 5 of offers: 1Return offer from internship for junior SA: N/A (no internship)
School: Non-Target Major: Business Admin/Finance GPA: 3.6
of banks applied to: 15Office(s) applied to: New York, Los Angeles, San Francisco
of first rounds: 4 of superdays: 1 of offers: 0Return offer from internship: Yes
School: Non-Target Major: Applied Math + Finance GPA: 3.9+
of banks applied to: 10+Office(s) applied to: New York, SF, Menlo, Palo Alto, HK, Singapore
of first rounds: 4 of superdays: 2 invitations, 1 attended of offers: 1Return offer from internship for junior SA: Yes
School: Semi Major: Other (Econ + IR) GPA: 3.8
of banks applied to: ~15Office(s) applying to: NY
of first rounds: 5 of superdays: 2 of offers: 0Return offer from Internship: N
These statistics are based on 2008/2009 on campus recruiting. Have had to take a rather circuitous route into banking after that horrendous experience.
any more ? i will give sb...
Yea guys. keep posting. Lets get a few more, and I'll try to compile something.
School: non-target Major: Law GPA: 3.2
of banks applied to: ~50Office(s) applying to: America
of first rounds: 2 of superdays: 1 of offers: 1Return offer from Internship: N/A
School: Semi Major: Finance GPA: 3.9
of banks: 20Offices: New York, Atlanta, Charlotte, Tampa, Chicago First Rounds: 3 Superdays: 3 Offers: 2 Return from internship: No
School-:Non Target Major: Finance
of banks applied- many lost countOffices applying to: NYC, SanFran, L.A
of first rounds:0 of superdays: 1 of offers: 0Return offer from Internship : N/A
Sucks, I only had once chance of getting in and it didn't happened. Well now I gotta look for a decent job and go MBA.
what a bunch of dudes slapping their johnnies on the table. My god.
School-: Regional Semi-Target Major: Finance, Accounting GPA: 3.7
of banks applied- 10Offices applying to: All over
of first rounds:10 of superdays: 6 of offers: 4Return offer from Internship : N/A
^Boss.
School: Non Target Major: BS Finance/Acctg/Econ MS acctg GPA: 3,9
of banks applied to: All BBOffice(s) applying to: Only New York
of first rounds: 6 of superdays: 3, waiting for 2 of offers: 0, still waitingReturn offer from Internship: Y
School: Target Major: BA Liberal Arts GPA: 3.5
of banks applied to: ~50 (some were multiple positions at one BB such as IBD, S&T, Research)Office(s) applying to: NY basically, but was OCR so could be anywhere
of first rounds: 11 -- mostly S&T of superdays: Invited to 3, did 2, waiting to do 1 of offers: 1 (in S&T), still waiting for one, and to do 1Return offer from Internship: N
Was roughly same proportion of interview/superday as for SA recruiting
School: small, super non-target liberal arts Major: Fin/Econ double GPA: 2.3
of banks applied to: just about every bank/advisory firm in the US, including all boutiques recognized by capital IQ and the list of 200banks thats floating around this site. Also cold-emailed several hundred employees. All in all, probably 700+ individual resumes sent outOffices: anywhere and everywhere
of first rounds: between 30 and 40 of superdays(or final rounds for places that dont have "superdays"): between 7 and 12 of offers: 1; at a very large, well-known bankReturn from internship: N
Impressive? Absolutely. HOWEVER, before you start thinking this guy is Will Smith, you should know that he's omitting some key details that are very, very material in this story. I'm really not trying to playa hate, but not all of his hiring factors are represented in the above - it's not my place to say what they are though ;)
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