Applying multiple internship positions in the same company
Hi everyone,
I am applying for summer internship now and I know applying multiple posts might get rejected directly, However, my case might be a bit different.
The company I am applying offers summer intern (for penultimate), apprenticeship (for non-penultimate) and off-cycle intern.
And the department for each of them is different (commercial banking, securities, risks and operations).
Will applying to all of these ruin my application? If I choose to apply securities first, is it ok to apply commercial banking after I get rejected?
Many thanks
Is applying for multiple internships in the same firm kosher? (Originally Posted: 10/03/2014)
See title
Yes, can confirm from experience. Got interviews at different offices for the same firm last year.
I think it's best to focus on only one division from my conversations with alumni.
However, I applied to multiple divisions at my BB and was given interviews at a division I didn't even apply to because they passed around my resume so take that as you will.
I know it's definitely best to focus on one, but I kinda already applied for a fall back MO position because I have an almost guaranteed spot due to an unusual circumstance. But, that same circumstance won't help me at all with getting into IBD at the same firm, which is my real goal and what I'm working to make happen.
So basically the damage is already done with the MO application, and I just don't want to be auto dinged for both when I apply for IBD.
Applying to the same firm twice? (Originally Posted: 07/29/2012)
What's the policy on this if it is a small buyside shop? (
Can it hurt? No? Then do it.
Applying for two roles at the same company (Originally Posted: 08/09/2011)
I'm in the process of interviewing for two roles at the same company- I was contacted via recruiters for both at about the same time. Should I make the recruitors/interviewers aware of this? I'm concerned about being viewed as not serious about the position, or even angering someone
While the two roles are very different, they both will help put me on a path to achieveing longer term goals- so while there is one I would definitely prefer, either is preferable to my current position. Is there a prescribed way of handling this without burning any bridges or hurting my chances of getting either job?
Did you use online applications? If so, I'm sure their system has made them aware of the fact that you are applying for more than one role (all the systems I've seen have 1st and 2nd preference options anyway). If not, then I'd recommend calling up Graduate Recruitment to let them know.
Applying to two divisions in the same company? (Originally Posted: 09/14/2014)
I was wondering what's the general attitude today towards applying full time to IBD and Sales division in the same bank?
I originally networked and reached out to someone in the sales division covering an industry I was interested in because I had a prior internship and have some experience in the sector; I do indirectly want a job but I was more focusing on talking and learning about the industry from his perspective. He wants to meet me in NY but isn't available so he refers me to his colleague who happens to be co head of the whole fixed income sales division.
Recently I found out this bank's IB division has a resume drop on my school's OCR. The IBD is hiring for its core M&A group so any industry experience advantage I may have likely won't even apply. Since I don't have a summer analyst experience, I likely wouldn't stand a chance.
I asked my friend who did apply to more than one division back in 2009 but that was kind of a different world back then. I would think someone applying to both today would be seen as someone who hasn't done his homework; this is full time so applicants should be sure of what they want, right?
Also this is boutique (or at least not a BB) and although it's not tiny, I'd imagine it's small enough that they'll be able to track me down if I apply to both divisions.
Also the person I'm planning to meet wants to meet on Sept. 26 and the resume drop at my school is Sept. 16.
Usually frowned upon, however sometimes it is encouraged by those who are working at the firm trying to recruit specific people to their desks. But those are rare cases.
Is it bad to apply for two jobs at the same company? (Originally Posted: 04/13/2015)
I am applying to two jobs in the same firm. Both positions I feel are right for my skill set as well as give me the experience in the career path I wish to attain. I do not wish to mention the firm but it is a multinational company, and the fields are project roles as analyst (in HR systems and Business Intelligence if it makes any difference).
I know people say large firms may have different recruiters looking at employment, but that is of no concern to me. I really do not care if the same recruiter sees both because I feel that both positions are correct for me. Should I only apply for one? Should my cover letter disclose that I am applying for two positions? Any advice would be helpful. Thanks in advance!
Refreshing thread.
Applying to more than one position at the same firm (Originally Posted: 11/21/2014)
Hello,
I was wondering if different departments/positions of the same firm coordinate when looking at applications.
For example, if I write a cover letter for S&T and only slightly change it for my application to operations (hedge), will this negatively impact the company decisions regarding my applications if the recruiting team/HR finds out?
Use the damn search
If you have nothing to contribute regarding my specific question on cover letters and their relationship to the recruitment process and different jobs, then please don't bother replying with a useless sentence.
Furthermore, I'd love to discuss my specific situation with members. So using the "damn search" would be futile.
I believe they will coordinate unless it is for a different country. On the other hand, most banks only allow you to have 1 application per academic year.
I've applied to many positions at the same firm before and regret it. Unfortunately, I couldn't withdraw. I just stick with JPM's standard now and apply it to the other BB's I apply to. Two is fine Max is three and never go over that. Not sure about other people. Applying to many positions at once only worked once for me but they called me two to three months after I applied, I couldn't even remember when I applied for that position.
Is it bad to apply to mult positions at the same firm? (Originally Posted: 02/02/2013)
i've been doing this for a while, though when i look for positions, i'll go to the career website and click on every job that i like and app for it. not sure if this makes HR upset to see me applying to so many positions or if it shows a "lack of focus" or what not. i appreciate thoughts if any?
Need more context: what kinds of positions are you applying for and at what kinds of companies?
Rule of thumb is to apply to two positions and try to make sure they are connected. It shows lack of focus/goal if you apply to every position....
like applying to like 2 diff sector m&a spots and then another 2 research spots. to me, i think either role would be attractive
Applying for multiple positions at the same company (Originally Posted: 01/31/2007)
Would this be alright or would Human Resources just throw away both applications. Do companies realize that some people are just trying to get ANY position at the company in order to get their foot in the door in investment banking?
you talking applying to banking and s&t for instance? autoding in my eyes
yeah auto-ding for sure. im sure HR realizes it..thast why they ding u. they want people who are absolutely sure of what they want (or at least can pretend they are). completly unfair to ask an undergrad too make that kinda decision, but thats how it goes..
Well...I applied to 2 positions at every bank I interviewed at, and I got several offers. It may have hurt me at some banks, but I actually asked HR at a few banks and they said go for it. If I was you I'd call HR at each bank you are applying to.
Some ask you to apply for your first preference, second preference and third preference.
yeah you guys are definitely wrong. it's not an auto-ding at most places. I did this at several banks and still got interviews at some. They usually just pick you for an interview in only 1 division. This is for SA though, the expectations might be different for full time.
Missionary Doggie-style Reverse Cowgirl
Ok to apply to multiple cities at same firm? (Originally Posted: 09/19/2010)
Sorry if this is a dumb question or if it's been answered before, tried searching...
Anyhow, is there any problem with, say, applying to IBD FT in both New York and Chicago at the same firm? I'm assuming that wouldn't run into the 'he doesn't know what he wants to do' problem since it's the same job in two places, but thought I'd run it by y'all first.
Anyone have any color on this?
I just had a phone interview with a BB in Chicago, but I want NY since it's the better office and because I have a place to live for free over the summer. I applied online, Chicago reached out. Does that mean NY won't? I figure it's too risky to ask to recruiter.
It's fine. I got interviews with multiple cities at GS and MS. Doesn't mean NY won't reach out necessarily. Had interview with a certain city one week, another the next.
interviewing with the same firm in two different locations ? (Originally Posted: 04/05/2009)
Hello all,
I have a questions regarding interviews.
Is it possible for me to interview with company A, but in two different locations (i.e. LA and SF), instead of just one? What happens if you get offers from both? Can you do that?
So far the person interviewing just asks me which location I want and just fly me there.
Thanks
At some point I was interviewing in NY and SF with the same firm. That said, the recruiters in both offices were aware of the other. The processes were pretty independent in my case; however, I could easily see some collaboration going on, and you're probably not going to get offers from both.
If you are at a BB, they will know for sure (even if you think they don't)...boutiques may or may not, depending on their size. Some banks, like Jefferies, for example, have the same HR individual covering both SF and LA ibd recruiting. When that's the case, it doesn't matter if you get in through an alumni contact or what not, the HR will know.
Be prepared to answer:
Why SF or LA? or vice versa
Have a damn good answer that pleases both locations without bad mouthing the other.
Interviewing with 2 different groups within the same firm (Originally Posted: 06/01/2010)
Hi All,
A friend of mine is interviewing with an MM bank for an experienced analyst position. He is interviewing with two separate groups at two different locations. I know he prefers one location over the other, but is ambivalent between the two groups itself (assuming culture, deal flow, balance) is roughly similar. As well, he's in final rounds with the group at the less preferred location, but just starting the process with the group at the preferred location. Ha, sorry for the roundabout nature of this post..
1) Should he tell the 2nd group that he's currently in final rounds with the 1st group? Upside I can see is that they'll think "if he's good enough for this group, he'll be good enough for ours etc.?". Downside is that the 2nd group might focus on other candidates given that they do not want to compete with different groups?
What do you guys think?
Anyone with advice?
Yes, he should tell the 2nd group - since it is both IB and just different locations, he might as well give full disclosure since he can one day land on a joint deal team - there's no reason to not just let them know especially since in this case it can let the 2nd group know that if they want him, they need to decide quicker. If the 2nd group decides not to pursue, then they probably would have turned him down by the end anyway and he will know to accept the 1st group without question...if he happens to get an offer (which is jumping the gun a bit already).
Don't make a big deal out of it, but its fine to mention that during one of the interviews - if he ends up working there, it's always better to be upfront with your colleagues.
Applying for multiple positions at the same firm... (Originally Posted: 03/07/2007)
What is everybody's take on applying for multiple full-time positions at the same BB? Do you need to show that you have made up your mind and will only do Ibanking or S&T? What is the success rate when you apply for both S&T and PW or IBanking?
Last question, what is your approach when contacting alumni for full-time?
Thanks
Dumb move--don't do it.
This question has been asked a trillion times my friend !
Ditto. You never know what HR will do
even if the website leaves room for 2 or 3 picks? is each resume not looked at individually?
Normally, when the website leaves room for multiple choices, you are expected to pick "correlated" units. Ie. S&T at Goldman Sachs, Principle Strategies, and GSAM hedge funds or the like. The same applies for "ibanking"-like positions. I don't think HR wants to see a candidate who applied for both at the same time--it just reeks of indecision and inability to commit.
worst thing to say at interview:
"I would like to do S&T to understand more about the markets, after which I transfer to IBD with greater knowledge of market"
go figure!
I dunno, I think saying "I want to go in ER and S&T to leverage my insider knowledge of the markets to generate trading ideas" would be a worse answer.
Applying for more than one position (Originally Posted: 04/29/2011)
If banks post multiple positions for interviews in the school's careenet for SA positions, is it a bad idea to apply to more than one position within the same bank?
The reason I'm wondering is because usually the GPA required to be considered for an interview in IBD is higher than S&T and ECM/DCM. If i'm near the cutoff, there is a possibility that I won't get an interview at all if I apply to IBD even though it is the area I'm most interested in. Even if I write a new cover letter, will banks still look down on this? Thanks!
mad noob questions on here tonight niiiiiiiiice
brother is having the same issues, at my firm if you apply to more than one department (FO) recruiters for whatever reason look at it as if you are "un-focused"
Yeah, my experience is that applying to more than one is a giant ding. Like makeyourownluck said, I have always heard it means you're unfocused and don't know what you want. I have seen some of the careers sections of different firms tell you to apply to multiple positions if they interest you, but I still think it's a bad idea.
Apply to the one you want most. If you think you have no chance for it, then apply to the other.
also, most BB want to know that you have a "story" as to why you want to do banking or s&t. Not that your in it for all the side BS that people typically cling onto for whatever reason. I'd if I was you apply to the one your most interested in and while at the firm leverage some contacts in the other department that way if what you end up in this summer is not what you want to do or where you see yourself perhaps either you can land an SA next summer in that department or a FT role given you've mixed well with your peers and fit in with the I hate this word "culture"
Applying to Multiple Positions Looked Down Upon for FT? (Originally Posted: 09/04/2012)
Is it not a smart move to apply to more than one position for a company for a FT offer? Also, is it not a smart move to apply for the same position at a company that you got rejected for a summer internship for?
Can't imagine it would be a bad idea to apply for a job at a firm you were rejected at already. I would assume they probably don't remember you anyway.
Just don't be an application whore. As in, if they see your name all over the place they will notice and think you're not specifically serious about any of them and you probably don't know what you want to do.
? about applying for multiple positions (Originally Posted: 12/20/2007)
How is it perceived to apply to multiple positions on a companies website?
Should you just apply to the position you want the most, or is it ok to apply to a number of positions?
Do what they tell you. Some firms will say that it's okay to apply to up to X number of divisions. Some request that you apply to only one. In the end, it won't really matter, as online apps are hardly looked at anyway.
Curious what you mean by this, considering that a lot of the firms on my school's career website say to drop both through the school and on their own websites.
A friend of mine from a non-target (like no alums in the company at all) applied to banking 1, trading 2, and controllers 3 at a BB. He got the controllers spot for the summer and then moved to FICC through internal mobility. Some banks on the other hand dont like it at all.
Haha, is this BB GS by any chance?
mere formality.
So you're saying they only look at the ones dropped through the school's website, or only at the ones sent directly to someone (outside of the former channels)?
I am out of school, so "they" have not told me anything.
I am trying to find a spot at a smaller IB shop...
I am just going to websites, and looking on job posting websites...
Anyone interviewed with the same BB for two divisions? (Originally Posted: 01/30/2011)
Did anyone interview for two divisions with the same BB? If so, did you interview with the second division after being dinged by the first?
I interviewed for IBD SA with a BB but didn't get to move on. I know a VP at another division of the same BB and he knows I interviewed with IBD already. I'm wondering if it's okay to ask him to get me an interview with his division. Any ideas?
3 positions 1 BB. Same recruiting season
^^Same.
A kid at my superday interviewed for research and capital markets back to back. I remember reading on here that he got the offer in Cap. Markets, even though he had those interviews in the afternoon.
It's been done. You need to realize that you may get dinged for a variety of reasons that are way beyond your control.
5 positions 1 BB nbd
please tell me you got at least 1 offer
For my school, you can have multiple first rounds with the same BB ind ifferent positions but you can only get one superday. Tread carefully because I've gotten screwed where I did well enough to go on in two different positions but did better in the one that I liked less.
Apply to more than one SA position? (Originally Posted: 01/08/2008)
Is it advisable to apply to more than one SA position?
I am primarily interested in investment banking, but I heard investment management is less competitive, so I was thinking about applying to investment management as well at a few BBs. Has anyone done this and been successful? Or do companies want to see a "focus".
I personally appreciate it when a candidate knows what s/he wants and just goes for it. Some firms try and determine your fit by quizzes or just by speaking with you.
It's a mutual fit process: you choose the division, but the division must choose you as well for this to work.
In my opinion, after four years of undergraduate schooling, you should be old enough to decide for yourself what you want to do with your life.
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can backfire. i got interviewed by 2 divs at one bank and was called by div2 to be rejected post superday from div1. in many cases i would get interviewed by the div I had not preferred. so either way, i lost and really so did they when i turned them down and theyd wasted their time. plus then how do u answer the question - are u only applying for investment banking? or other variations - what else are you applying for? IB doesnt want to hear uve considered any other career choice and thats impossible to hide if both divisions interview you.
Applying to Multiple Positions (Originally Posted: 04/23/2008)
How do banks look upon applying for multiple positions within the bank? For example, would a bank find out if you applied for both an IB Analyst job as well as a S&T job? Would they care?
This is specifically for a summer analyst position, but any input would be appreciated.
Good question!
What about for full-time positions as well?
In my experience don't do it unless you have a good enough justification. I had several divisions down on my application and was questioned about it at every round; fortunately I managed to spin off a persuasive enough reason.
Nevertheless,in retrospect I would say definitely only put one division down because it shows that you are focused and know where you want to be. Unless you have recommendations from people within the bank that might put more weight behind your application...otherwise state one division and state why.
Also, if the bank likes your application, but thinks you might be better suited to another division they will still put you forward-if you are good you won't miss out.
My problem is knowing what I'm more interested in. Without having done IB or S&T, how can I make an educated decision on which to apply for? Plus, I'm a fringe candidate so I don't know if I'll even make the cutoff for one or the other.
I guess I'll mull it over more this summer...
Apply for everything. And when they ask why, say "the economy."
Every interviewer I had perfectly understood that this economy was not a safe one to just be applying for what you want.
There is a Massive difference between markets and IBD. Both in terms of the type of work, hours, skillset, culture, career progression etc. It's not like choosing a desk or team, where you can be excused for not having a strong preference at SA level.In an interview you need to be able to demonstrate that you are fully aware of this and you should be communicating the reasons why you want to pursue one rather than the other.
Even if you believe you are capable of applying yourself to both fields, remember that other candidates are going into the interview fully loaded with reasons and experiences that reflect their ambitions for a career in one. The more convincing you are, the more impressed they will be. Having completely different divisions on application is a big give away to HR that you haven't done your research. So don't fall at the first hurdle. Read around, speak to your university's alumni or any friends in industry who will be able to give you an insight into the type of work they do, and the type of hours involved. Soon enough you will have a clearer picture of where you fit in.
I would just hate to apply to S&T (where I think I want to go) and then not get in and not even have a chance at IB. Any more opinions would be helpful!
I doubt that the different divisions is a red flag. Every single interview I had i explained that the particular division was my first choice, but that to be safe I was applying to everything. Every single one of my interviewers told me that they would be doing the exact same thing in my shoes. Granted, you have to be prepared for both kinds of interviews, but that is not as hard as it sounds in my opinion if you start preparing during winter break before interviews.
This is not a big deal at all.
My school was a target and everyone was applying to everything. Didn't make a lick of difference. I applied to hedge funds, consulting firms, PE firms, IBD and S&T within the same bank, Asset Management (just to be safe) etc. Told everyone that I think they're my top choice. My friends did the same.
if you don't get S&T you won't get IBD! If they think you are better suited to IBD they will ask you to interview for that even if you don't have it on your application. That's how it works in London.
FT Recruiting- multiple applications at 1 firm? (Originally Posted: 08/08/2014)
Hi, Just curious what is the max number of applications we should do at one firm at one time? Was thinking of 3,4...
Any input appreciated!
is it a BB? Others may have an opinion but when I was apply i had tons out for multiple positions so it didnt seem like they really cared
yes i meant BBs here. also, does applying to both IBD and ECM/DCM look ok to them? i know some banks have the same HR group covering all front office positions and I dont want them to see my applications all over the place. thanks!
I've heard of this being beneficial
Submitting multiple app using different mail? (Originally Posted: 10/21/2015)
Many BB like Goldman Sachs and Morgan Stanley only lets you apply to 3 divisions (this is NO on campus recruiting)
What if I used multiple emails and submit two applications with different divisions?
People say HR wont like this when they see two applications with different emails in same recruiting season.
But arent HRs different for different divisons?
Any advice please
The odds that the same person will review two apps from you are slim at a large firm. You could probably get away with doing this but HR has reasons for only allowing 3 applications. It will look like you are attempting to pull one over on them, which you are, if you provide separate addresses to cheat the system. Obviously they want you to apply where you have the most interest since they have limited resources to review applications. This streamlines their process. I wouldn't risk it and would focus on your top 3/ applying at more than one firm. Just do the ethical thing so they have no reason to think you are a sketch ball. If you were not getting noticed following the rules you probably won't get noticed flooding them. If you do it could be for the wrong reasons.
Applying to 2 positions within a company? (Originally Posted: 10/28/2012)
There are many companies that recruit on campus for multiple positions. Is it a bad idea to apply to both IB and S&T for one company, i.e. Morgan Stanley? The reason is I want to keep my options open. This is for "summer analyst" positions. I'm just afraid applying to 2 will show a lack of focus if the the two groups happen to cross-check resumes
I know a classmate who applied for IB/S&T/ER at MS and ended up in one of those. If the firm wants you then they'll get you in wherever they see fit.
Since it is for an internship they are going to be a lot more flexible about this. I don't think they expect you to rule out career paths that you don't have any experience in
Multiple Applications, Same Bank (Originally Posted: 12/01/2008)
Are there any repercussions in sending more than one application?
I'd like to apply to one geographic location through the resume drop of my school and another one on the corporate website. I also drop resumes to different divisions of the same firm. Just curious to know if anyone else on here does this?
i don't think it matters too much because they do go through hundreds of resumes.
i dropped one for HLHZ corp fin and restructuring and got both, if that helps..
Quick question: Enough for auto-ding? (Originally Posted: 04/01/2011)
Is applying for two jobs in different parts of the same bank enough to get auto-dinged for both? I prefer the IBD one, but the other is more directly related to my experience and I'd probably be more likely to at least get considered for it. Curious if anyone knows enough about the beginning of the process from the HR perspective to have an opinion. Speculation is always entertaining but please try to clarify if you are speaking from experience or not. Thanks.
Wouldn't that just show a high level of interest in the firm? If anything, I think it would help.
Yes, but firms also like to see dedication to a certain division. I guess it depends on the Bank.
If you're solid they will compete for you. If not, it doesn't matter.
Should I apply to multiple coverage groups? (Originally Posted: 12/27/2008)
At my school there are multiple postings for different coverage groups/locations for the same BB. For example, a BB has one posting for a coverage group but also has another posting for another coverage group. Another BB has a posting for LA, but also has a posting for SF.
My understanding is that we should only apply to one division (i.e. apply to IBD or S&T but not both), but should I only apply to one coverage group/location in this situation? Or should I maximize my chances by applying to multiple coverage groups and locations?
Thanks in advance.
Bump
Applying to multiple divisions? (Originally Posted: 11/01/2011)
I'm extremely interested in investing and going into the buy-side (hedge funds, growth equity, etc) in the long run. I've ben told IBD is really one of the, if not THE best door opener in the finance world. However, as well all know, it's not easy getting a summer gig/ft position. Thus, do recruiters look negatively upon folks who apply to both positions within IMD and IBD? (I'm not applying for sales & trading just to point that out.)
My school does get recruited by big banks and the like and they have numerous postings (IMD/IBD/S&T/ ETC ETC ETC) and I've applied to IBD but am weary about checking IMD as I don't want to screw myself over. HELP would be greatly apprecaited!
In my experience, there is very little communication across lines of business in terms of HR. The only way it would be noticed in a big financial institution would be for you to bring it to their attention. Put all your chips in the middle of the table and see what pans out.
Applying to Multiple Roles (Originally Posted: 12/29/2012)
I've already sent the IB SA application off, but I've come across two other summer positions that I'm also interested in located in different divisions (Asset Management and PWM).
Despite my preference for IB I would be genuinely interested in any of the 3 and would tailor my CV so, but my worry is everything will be funnelled to the same HR person. For a large BB is it highly likely each division has it's own HR?
Cheers
Applying to multiple positions with the same firm indicates you are lost, don't know what you want to do, or aren't dedicated.
Thank you for not answering my question, much appreciated.
I've heard the same advice that goblan is giving many times; however, at the BB I ultimately ended up signing with I applied for 3 different positions, interviewed for 2, and got my first choice. I don't know if that's just random luck, but I am guessing that at BBs as long as you only apply to 2 or 3 you're probably not going to be noticed. Maybe just be on the safe side and try to apply to positions that are similar or have some overlapping skillset / interest you could explain if asked. You won't be asked though.
I don't think they care at all. It makes sense to hedge your bets and even in the offchance your recruiter sees that, he/she will understand why you did it.
A lot of the applications have preferences where you list your top 3 or so roles, so in this case I don't think it hurts your chances.
Applying to multiple Divisions (Originally Posted: 01/10/2010)
Is it ok to apply to different positions, say S&T and banking, at the same bank? I searched the forums for this, I think there's some mixed responses, but probably it's not a big deal.
But here is a twist: When you're applying through on campus recruiting at your school's site, there's a different post for each division, so it seems more ok to apply to both. However, at the company's website, you either get a first and second choice at some banks, and at others (at Barclay's, for example) you only get one choice and you have to confirm that that's the only position you applied for. So my question is, if you only get one choice at the online site, is it okay to make another account to apply for another division? Would they notice and not like that?
Was wondering about this, too.
was wondering this third..
Its fine to do in OCR or on a company website. I was asked to come to a superday in both S&T and IB from the same firm. They just told me I could only do one of them.
As long as you tell a good story, no one will really care. Keep in mind that in OCR the S&T guys and IB guys will most likely NOT talk to each other. Remember they sit on opposite sides of the chinese wall and usually like to keep contact to a minimum (unless they are friends from college).
Do not make a second account on the companies website, HR will just get annoyed and you might end up with things getting lost.
On a more Macro level, why are you applying to both of them (aside from maximizing the amount of interviews). The two jobs have next to nothing in common, the people involved tend to be very different as well. You would be better off just focusing on one or the other and you wouldn't have this problem.
power monkey, do you mean that you could only go to one super day?
agree...most websites (like DB etc) state that duplicate accounts will be deleted (so please dont make two profiles and feel like a douche if this comes up during an hr interview) and yes S&T and IB have a very different culture and personality fit, so powermonkey is very right in questioning why you want to do both...i agree flexibility is important, but maybe you need to reevaluate what you really enjoy doing and your personality fit
do it. u need to max your chances for interviews. unless ur a star, ur lucky to get any interview
Thanks. Division-wise, I totally understand what you guys are sayng. But what about location(or country, like Europe AND US)-wise?
Yes, they said I could only do one of the two superdays (I choose IB obviously).
Location wise, apply to as many locations as you feel like. For the most part, who cares where you live while being an IB analyst, you won't have a life anyway.
Applying to multiple offices - conflict of interest? (Originally Posted: 01/09/2015)
Is it generally not advisable to apply to multiple offices at once? I talked ("networked") with someone at a boutique at their chicago office, and he told me he doesn't recommend me apply to both their chicago office and their NYC office (both recruit directly at my school). He said that they run independent recruiting processes, and it would lead to a conflict of interest that would ultimately hurt me (if they find i'm recruiting for both I guess).
Right now a few bulge brackets are recruiting for SF/LA and other random offices (even one in Calgary), and their deadlines are earlier than the NYC recruiting deadline. I would love to apply to these to possibly secure some offers, have some backups, and apply to a wide array of cool summer intern spots (cause the process is so random/variable), but my end goal is NYC... so should I hold off on applying? Or should I apply wiht caution?
What if I walk into a Goldman NYC interview, having already secured a Goldman SF offer? That's pretty weird right?
Any general wisdom on this?
I did not hear anything of that sort when I was going through the interview process. Anecdotally I interviewed for more than one office at the same firm, ex: Goldman LA and Chicago.
I'm only an undergrad.. but in my point of view; yes it is a bit awkward. The question is if the one who gives you the first offer will find out about the latter. If they are independent I guess they won't. Do they perhaps have some kind of policy about this that you might find out more about on their website?
On the other hand, I think they might be understanding. I mean.. It's not weird that you look for opportunities that suits you best.
Guess the only way to find out is to just try.
Not sure you understand what a "conflict of interest" is.
From what I've heard, it's generally not advisable to apply to multiple offices for one firm. For example, say you get an offer from Goldman SF and are interviewing for Goldman NY. It doesn't make sense for the firm to compete for the same candidate internally. On the other hand, if you get rejected at Goldman SF and are interviewing for Goldman NY, Goldman NY may wonder why they should hire you if Goldman SF didn't want you to begin with.
Anyone have any idea if the firm will know? Especially at bulge brackets, because to apply to any office you need to also apply through their site online, so they can easily find out...
This is a pain...
Multiple Applications to IB Summer Analysts Programs in Different Regions (Originally Posted: 11/30/2011)
I have a personal contact at a BB IB and have applied to two positions (one in S&T and one in IBD) in Asia Pacific region. Unfortunately, I found out that this specific firm will only let you apply to two roles per account (It was not under the FAQ where I usually look for the maximum application limit). My main focus/choice is their NYC office and I don't know what would be the most appropriate move by me at this point.
1) Should I ask my personal contact about the issue? or 2) Should I just go ahead and create another account and apply for positions in the US?
I am not sure how significant of an impact the second option will have on my chances, but I definitely do not want to jeopardize my already slim chances because of some stupid administrative mistakes.
Your input will be much appreciated!
don't do it, just choose two. They have it that way for a reason.
Which BB only limits 2?
Well, not doing it is irrelevant at this point since I've submitted the applications already. I just wanted to know how much of an impact it will have if I decided to create a different account.
i had the same problem. Just withdraw one of the asia apps and put one in for the nYC office. They will usually let you do this...
Yeah I've tried that route but they won't let you withdraw it.
This is standars in Asia Pacific. Usually you get 1st and 2nd preference.
Well, usually other firms will limit you to 2 roles per region. This specific firm did not mention anywhere on its Asia Pacific webpage that it has 2 max app restriction for Asia and US combined.
here's a piece of advice that's slightly different than your topic. Stay away from Nomura, they are in the process of or already axed the entire first year analyst class and more than half of their first year associate class in IBD. it's a bloodshed over there too.
So if you are relocating, make sure to secure a very nice relocation package because you never know if they will cut you and send you packing in a short period of time. And yes, even the BBs there are cutting as well.
I am also curious about this. Say there's a bank that has a limit on only 2 divisions but you have a real invested interest in 3 divisions (and have a good shot at all 3). Can you make a different account and apply to all 3?
I don't think that disregarding instructions is a way to show a bank that you have good attention to detail.
Applying for multiple divisions? (Originally Posted: 11/30/2008)
Hi All, I am applying for summer associate positions. Is it ok to apply for IBD + another division, say for example S&T or PWM? I know some banks allow that on their online apps, however I've also heard that's a big faux pas and they will immediately weed you out.
I want to apply for IBD, but in this market, I thought it will also be good to apply for something else as well.
let me know your thoughts, thanks.
I understand the need to hedge against your risk, but I don't think applying to more than one position helps you. Especially at the associate level, you're supposed to understand what you want to do. It's more acceptable for analysts to be confused coming out of this process in college, but going into the MBA, you should know what you want to do.
IBD and S&T are a horrible match because the jobs are so different. Very few people can succeed in both roles. Also, S&T is a pretty bad hedge right now as they are hiring less than on the IBD side.
i don't really buy the logic that "you're only meant for ONE division, and if you don't know that, then you need to do a lot of thinking blah blah"
if you're a smart person, it's conceivable that you could be good at both. that being said, what eric809e said about expectations of knowing what you want to do for summer associates could be true (for analysts, it's not).
cool, right now I am thinking IBD and PWM. I used to be an engineer before, so trying to leverage my analytical skills for IBD. I was also involved in several organizations that demonstrate my people/interpersonal skills, so trying to leverage that for PWM.
Honestly, i'm not too interested in pursuing PWM long term, since the exit ops are limited. But odds are, given my non-specatcular adacemic profile (great schools both undergrad and MBA, but low GPA in both), plus the fact that the market is like crap, I would probably have a better chance at landing PWM for the summer. In which case I'll try to get something better full time come next year.
I just want to understand what their thought process when they read your apps..like, does PWM look at my app to IBD and think they don't want to be the backup? Or does IBD look at my app to PWM and think I don't know what i want? Or am I thinking too much and it doesn't matter? In this case they allow me to upload separate cover letters to either division.
I am definitely applying for IBD...should i also check the PWM box or forget about it?
Does it look bad if you apply to both Strategy and HC at On Campus Recruiting? (Originally Posted: 09/20/2015)
Deloitte is recruiting at my school, and they have a coffee chat/case workshop for both Human Capital and for Strategy at different times. Now the strategy one is invite only while HC it seems you can just rsvp, I ideally want to go into Strategy but my GPA is under their minimum so HC is my most viable bet - will it ruin my chances if I rsvp and apply for both positions?
No, lots of people will be doing the same.
Yea it's very common to apply for both positions if the company allows so just go for it.
They notice and talk about it. You can really only apply for one position so it is a detractor if you apply for two as it makes you seem like you don't know what you want to do.
With that being said it is not an automatic no you just need to be aware of some of the potential ramifications.
Without talking about the fact that It might hurt your chance to apply in strategy, did you think about what you want to do in the long term?
Imagine that for some reason they refuse your application on strategy (let say because of your low GPA), but you are accepted in HC and receive a FT offer, then what?
Do you really want to work in HC? Because there is no chance to move internally from HC to strategy. Perhaps if you really want strategy, you should try to apply to a smaller consulting firm or in F500 company. And later try to be hired as experienced hire or do an MBA before applying again.
On the other hand, if you are interested by HC, just go for it !
As a former Deloitte recruiter, I highly encourage you to only apply to one or the other. Feel free to attend both info sessions, but you're only allowed to apply to one position and will not be given multiple interviews.
Requesting two positions within same firm? (Originally Posted: 06/30/2015)
Fellow monkeys,
I had applied for a position for an industry group that was within my second favorable preference but recently they had added a position that is first on my list. I have also recently signed up first rounds with an associate for my second preference. Would you contact hr recruiter and ask for interest in the other? Pros? Cons? What would you do?
Not a big deal, just ask the HR contact - he or she is likely responsible for placing both seats
More than 3 applications for SA at same bank (Originally Posted: 09/16/2012)
Maybe this is a dumb question has anybody tried to create several accounts on a bank's website to apply to more than the maximum number of positions allowed? Thanks
That will end poorly. Provided you provide the same info on each one, there's a good chance you'll get caught and get nowhere.
You should really only apply to one program otherwise it looks like you're waffling and hedging. I could understand applying to IB in NY, London and Chicago though.
This is stupid.
I thought so too. Thanks
Applying To Several Areas (Originally Posted: 10/23/2012)
I'm applying for investment banking internships for summer 2013.
I was wondering if its ok to apply to a couple of divisions e.g. IBD and ECM/DCM through the same application? For example, Credit Suisse give you an option to rank your top 3 choices.
Most banks strictly say that you can only apply for one vacancy in the year.
I am in the UK.
No one? :(
Applying to both BO and FO at BB (Originally Posted: 09/30/2014)
Hi everyone,
I am a junior applying for the 2015 SA. I have previous experiences in risk/compliance and also some experiences in business research. I don't have any experience at big name pwm or fo at IB (my risk/compliance intern was done at a large bank though). I am aiming ER but I am afraid my application is to weak to be considered by them (while risk/compliance experiences are rare and I might get interviews for these posts much easier).
My question is will I get auto-dinged by ER given I look much more suitable for BO/because I showed a "lack of focus"?
Many thanks!
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