Summer - Regional ----> FT - NY
Anyone have experience transferring to NY for full time after summering at a regional?
would like to focus on different industry
I tried a search but not much luck...
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i wound up summering at a regional and transferring to SF for gs/ms/jpm tech, but I do have some friends who managed to go from charlotte to NY. the gist is the same: be the star analyst in the office over the summer - show that you're quick, dependable, all those other good analyst qualities. if you're good enough that the firm would like to keep you, during your final review the VP might ask you how you feel about staying at the firm.
that's when you say "hey, i love the firm, love the platform. saw a ton of dealflow coming across the company intranet for x group - would like to talk to them about the full-time opportunities there."
as long as the group has space for you, you should be able to move straight to a superday for that group. and if you're a rockstar, hopefully some of the senior bankers will go to bat for you, so the interviews will be a breeze.
I summered at a regional office and ended up transferring to NYC for a different group. In general, I believe it depends on the bank and whether you are switching groups. Usually, you will have to go through another round of interviews. The intensity of the interviews will depend on the given bank and group. During those interviews, you will definitely have to answer why you want to switch locations/groups. Above all, I would focus first on getting an offer from your summer internship. Once you have the offer, I would give HR a call. Keep in mind though, if you are unable to transfer, everyone in your office will know you tried to transfer and they might hold it against you.
What about interning at a regional boutique and using that to get interviews in NYC at other banks (ie, not the bank you interned with)?
as long as you do investment banking, you should be fine. i summered at a good MM shop's regional office, had interviews for NYC for every bank that came for FT recruiting. i think a big part of it is what you do with your experience - being able to put "investment banking summer analyst" is good, having some good resume boosters is even better (think "top-rated summer in group"... it might be an intern class of 3 or 4, but they don't have to know until your foot is in the door at an interview :-) ).
that'll get you in the door. then it's about nailing the interviews.
OK, but how strong was the school name on your resume?
And do you think it was mainly the internship that helped you land NYC interviews, i.e. were you able to get interviews just by the strength of your resume, without OCR or a contact within the bank?
i went to a target school, though not ivy. and i do think it was the internship that landed it for me. most of the banks that came down for FT recruiting were the elite boutiques (lazard, greenhill, evercore, bx) and second-tier BBs (citi/ubs/etc), and yes i did benefit from ocr for those.
but i also got pinged for interviews with gs and jpm just applying through their websites. and comparing my SA recruiting cycle versus the FT recruiting cycle, my FT opportunities were far more prestigious and the interviews were less difficult becuase it's so much easier to convince people that you want to be in the industry after a summer stint. if you can show something like "top-rated summer analyst" then you can make the point that you really do thrive doing this kind of work. i'm just saying i think it's a really strong sell for trying to upgrade your ft offer to ny after a summer.
I gotta say, tmt, I think it is much tougher being from a very nontarget with an average/mediocre gpa, but I'm still going to try, of course. if i do get an internship, it wont be an official SA position, but hopefully i can spin it as that kind gig.
What about the other way around? If I summered in NYC but wanted to do FT at a regional office (like GS tech, MS Menlo, etc.) Is it easier?
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