I recently received an offer from 2nd tier BB SF tech group and was wondering as to how the recruiting landscape looks like for FT positions for 1st Tier banks like GS/MS/Q/JPM.
Also, I know people at JPM/Q and will definitely be able to reach out to them for clarifications but wanted to get some advice on FT recruiting for the other 2 banks. Thanks so much in advance!
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Thanks for the input man. I definitely will make that my first priority. Do you happen to have any insight as to how GS/MS recruit for FT positions? Was wondering if they just fill up all their spots from SA class or recruit a few spots from FT recruiting.
It's important to keep in touch with your contacts from SA recruiting so that they know you're interested. The spots will be dependent on their hiring needs and return offer rate, but usually you can get in if you interned at a competitor and got a return offer. Just stay on their radar and perform and that's really all you can control at this point.
Charizard's answers are spot-in. First, you must get a return offer as not getting a return offer is a massive read flag. Second, stay in contact with your network or anyone you know at that bank, including anyone who previously interviewed you. FT recruiting, at least at BBs, has gotten to the point where the only people who get interviews are ones who networked their way in or are trying to switch groups. Good luck.
If you do end up getting that return offer, but cannot get interviews for FT, don't stress. You can always lateral after a year. In fact, that might be easier than FT.
Thanks!! Always appreciate the great advices that you give in the forum
Echo this. Make sure to stay in contact with any contacts you have so you'll be on their radar. Also, be prepared to start interviewing right after you finish your summer internship. Have your resume ready, be able to articulate experiences during the summer, and have your modeling skills on point.
People tend to over exaggerate the whole, "you didn't get a return offer, then you're screwed". Yes, getting a return offer should be your number 1 priority, but if you don't get a return offer, it doesn't mean that you won't be able to get any interviews.
I wasn't able to get a return offer this summer, but my network was very understanding of the situation and still pulled for me.
Thanks for the input guys
One last note: print out extra copies of any books you work on and stealthily take them back to your place. So, when you're preparing for interviews you'll essentially have the storyboard and nitty-gritty information available for the deals you worked on.
No. If you get caught you're done and nobody will touch you.
Again, thanks for the advice guys. And with the issue being brought up, how should I approach talking about deals that have not been closed by the time that I finished summer? Am I allowed to give any specific numbers, multiples, or works that I have done in the process?
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