It's common for analysts to do their 3rd year in a different group, but i don't if it's for the reasons u mentioned. People usually want to stay in banking, but expand their experience by working with a different product or industry.

 

When analysts tend to leave then before 2 years, do they tend to be replaced by lateral hires, or does everyone else in the group just get staffed more?

 

it actually can be harder depending on your specific situation. if you are an intern trying to switch divisions it is hard to not piss off your current group by trying to switch (and your current group will provide feedback on you for the switching process). Also, there can be some politics involved....for example if you were a superstar analyst the MD or VP in your group might not want to "let you go" to another division even though you are qualified for the other job and would prefer it.

however, at many banks the process is established and people are supportive of your decisions

 

I'm going to be a summer intern in Asset Management this summer and want to switch for next summer

So I might not be a superstar analyst, but if I'm a superstar intern it should help me out I'm guessing.

Actually my group has a couple of former Investment Bankers in it so I'm assuming they do know other people currently in IBD so they can pull strings.

Does this change the situation at all?

 

It's not common really, but it's not impossible. As with everything, it's case-by-case really.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

I moved around quite a bit in the start. Equity deriv. trading --> FX spot trading --> Equities trading. My stints were short due to whole teams being replaced and some shifts around, but this is by far not the norm. I could just as easily have been fired, but someone probably felt sorry for me and offered me a new shot (a few months in before the whole desk was replaced.)

CNBC sucks "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
 
HFer_wannabe:

If you get along with your group, just bring it up with your boss. Don't be a p*ssy. Just phrase it in the right way and they should be happy to help out.

+1'ed

Thanks definitely appreciate the feedback, and you are right not a good time to pussout when it affects my career. I get along great with the group, have established myself as a top performer, and have helped out with additional projects, etc. that fall outside scope of my current role which they liked. Hopefully they take it well, my only apprehension here was that I never made it clear that I wanted to do Corp. banking ultimately whereas some people I have spoken to have been very open with their bosses and told them from the get-go. Thought it would be better to just kill it daily rather than focusing on where else I ultimately want to be and if an opportunity arises just cross bridge when I get there.

 

Came across similar situation, except that I just started (1+ mo) and I am in a corp banking position for a regional office but would like to move into IB. Did an internship in BB IBD in HK, so I'm confident that I have the skill set for the job. The only concern is that looking for other opportunities might affect my current job and my manager might not be very happy with it. Any suggestions are very much appreciated.

The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that.
 

In the middle of the internship, HR sends out emails asking for resumes from people who want to switch out into a different division. You have interviews during the internship and receive an offer when everyone else does.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

I'm a simple guy, but I've always thought being upfront and truthful is the way to go.

First, would you rather do FX? If so, would you rather work for the new guy than your current boss? Where will you have better opportunities to advance, given group structures and number of people ahead of you? Where will you get your own book first?

If the answers to these leads you to FX then ask the desk head how you should proceed/what the appropriate steps are to take because he will know. Don't try to hide anything from your current boss unnecessarily.

 
TommyGunn:

What group are you in and where do you want to be?

I was placed in a product group, and summered in an industry group. I'd like to be in an industry group full-time, and not spend longer than I have to specializing in a product.

Thanks

 

by your post i assume you are a new hire with an offer, looking to speak with other groups. you should definitely be prepared for technical questions, and group specific technical questions. fit will be a large component too. group specific technical questions are fair game too

 

Really? I've been told that these are mostly fit interviews and shouldn't really be technical at all. logic is that since you already have an offer at the bank for one of their groups, they already know that you are competent enough to know the technical questions...wrong advice?

PeterChao I send you a PM

 

i think that's true to a certain extent but i could envision a scenario where the group has 1-2 spots and would probably want to give it to the guys who know technicals better, all else equal. fit is big, but don't completely ignore technical and be caught off guard if they ask, IMO. eg if you're interviewing for M&A be prepared to explain accretion/dilution

 

If you think it's a step up, or in a better direction, do it.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Whatever you do, don't jump ship without sitting your MD down first. It's your career not his. He more than likely couldn't give two shits about you as an analyst. If you cover your bases correctly when doing stuff like this, people have really short memories. Try to bait him/her into asking you about how your work is going. You could say something to this effect:

"I've been learning a ton & the experience has been great so far. However, a position opened up in XX group w/ XX. Based on what I've done so far I think XXX would be a good fit w/ my LT goals . I was wondering if you had any thoughts?" Something to that extent. Just gauge your interaction by how casual or formal your relationship is.

Unless he/she is completely narcissistic they'll pick up on your quasi request for a blessing as you could just move over either way; ergo showing respect, which is all you can do when jumping ship. This is just my two cents for whatever thats worth.

And whatever you do, don't say a word to other jr.'s. Outside of whatever convo you've had with the other MD, your MD should be the only other one to know until its a done deal.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

When you're ready to transfer, go for it. Can be done after a couple months, though after a year, it's much easier. Focus on what's transferable. You will need references - work and personal related. For personal, best to choose some sort of mentor figure who can vouch for you.

I would start networking now, and seeing who is out there, and can vouch for you.

 

My sense after a couple sell days (speaking as a fellow class of '07 analyst) is that opportunities arise to switch groups only as a 3rd year analyst -- at least at my BB. I met with someone who was in FIG who switched to Sponsors only as a 3rd year.

 
interestedguy:
interesting you guys say this. i've asked about intra-firm mobility at all info sessions i've been to, and they always say its very a fluid environment

And they also said during info sessions that the jerk factor is low, employee welfare, "entrepreneurial environment" blah blah. It's hard to switch groups but depends on firm (my friend at Lehman says it's relatively easier at his firm).

Intra-firm mobility is a victim of MD politics at my firm. MD of group (which you want to switch to) would not want to take you because he doesn't want to offend the MD of current group. It's considered invading another MD's turf to take associates from his group. If you really want to switch, you'd have to go to another firm. That's how some of my colleagues did it.

 

Start by leveraging your "banker buddies" and "trader buddies." Tell them to let you know about any openings and to put in a good word for you.

If you are looking to stay in the same city, you don't need to take a sick day for a 45 minute interview. Just tell co-workers you have to leave the office for "an appointment". People leave work all the time to see the doctor, dentist, etc.

 

is best course of action, upon calling/tming them and letting them know i'm desperate for interview opps sending a coverletter/res to them to send up the food chain?

or do i ask them to give me the name of who i shoudl send coverletter/rez to and send directly?

DYING to stop working in the most pussywhipped area of finance...

keep the help coming please.

 

I wouldn't say you are "desperate" to get in; that seems pathetic and you want to look confident and ready to step into a position. Give your resume to your banker and trader buddies and also ask them for contacts in HR/recruiting to talk with those guys directly and pass on your resume to them. Work both angles if at all possible.

However, if one of your buddies DOES get you an interview, make sure you don't make him look like a fool. They will be sticking their neck out there for you and you performing poorly in an interview will reflect poorly on them as well. So be sure you are ready to do this and you're not just pissed you ended up with a bad 1st job.

 

Yeah, I believe most S/Ts are sponsored by their bank to get their series 7 and 63 so having that out of the way might be something valuable for S/T. But for IBD it's really not something they care about.

 
boutiquebank4life:
The point is, no other person would even THINK about charlotte. I don't even know what state it's in. the fact u mentioned it is obvious.

Again, how about the kind of person who wants to make it not obvious where he works? I don't need to work at BAML to realize that it's a huge-ass bank with major operations in Charlotte and throw it into the mix of cities in which I may or may not work. I should've said London while I was at it in order to get Barclays on people's minds, too.

But seriously, can someone here offer anything constructive?

 

No. It's probably not possible. Unless you are signed on for a Summer Analyst position, in which case most banks will let you at least interview with IBD groups, assuming you get an offer for your first line of work.

The interview process between S&T and IBD are completely different, especially at BB's. In my opinion, I'd like to say that a good number of kids who got S&T jobs probably could not get IBD ones.

I'd at least wait it out for a year in S&T and try to find some internal job postings, if you want to switch that badly.

 

HS- why doy ou say that kids who got S&T jobs probably could not get into IBD?

Is it because IBD has more competition, requires more technicals mastered, or? I have an idea of the amount of technicals you  need to know for IBD past first round..what does S&T past first round consists of?

Maybe I should start a new thread on this..

 

In my experience, the interviews for IBD were a lot more rigorous than they were for S&T. Much more mentally draining for IBD interviews. There are more technicals in IBD interviews whereas in S&T, I mostly got questions with the exception of a few bond and market view questions. They definitely feel different; in IBD, I felt like I was running a marathon, and in S&T it was much more rapid fire and sprint-like.

That being said, it's a very different personality and skillset for kids who go into S&T vs. IBD.

 

One... are you FT Analyst or FT non-Analyst?  If you are a FT analyst, your SOL for the stint of your contract. That's just the way the game is played.

If you're a non-analyst, you should wait at least 9 months before you even consider looking to move, esp since you are just starting with the firm. After the 9 months, you should start to look across the firm for ops to move into the IBD area you want to be in. Once you hit the year mark, I would talk to your bosses about making the move and see if they support you in the jump. That is a key component to this whole process is having the support to jump to another area.

 

Two things:

  1. If they want you so bad, you must be good, and if you're good, they should be expecting that you will shop around - there is NO loyalty in this business. - You have to be frank with them though.

  2. At the end of the day, if they don't get you, they'll get someone else who will end up being just as good. Remember, we're talking 1st year analysts here and not rainmakers. We're all dispensabl;e as far as the bank is concerned.

So don't worry - be frank with them, and do what's best for you.

Good luck.

"Living the dream 24/7 on http://theallnighter.blogspot.com"

____________________________________________________________ "LIVING THE DREAM 24/7 ON http://THEALLNIGHTER.BLOGSPOT.COM" ____________________________________________________________
 
shapo:
Hello. So this is my situation. I was a summer last year at a top bank. At the end, i received a generalist offer, and I chose to came back. I am planning on attending on networking events my bank has to offer and I would like to switch groups, for various reasons. However, my old group is already going all out after me, taking me to dinner, for drinks etc.) and several VP's and one MD all believe that I m coming back 100%. I have told them I am planning on attending the events and they just laugh saying "yeah yeah, we know you have to. don't worry, you are still coming back". So, what do you think I should do? Is switching groups going to be a huge slap in the face and burning bridges? or should I go for it?

maybe you'll burn some bridges. actually, you almost definitely will. but two things.

1)provided you don't want to work in that group who cares. 2)they'll forget all about it in a year or so anyway. analysts arent important enough to bear a grudge.

 
wannabebanker:
Warning: I'm not in the industry yet

However, it seems logical to me that the relationships you will build by working in a group that you enjoy (and i'm assuming a more recognized group, as most people wouldn't opt to move down in "group rankings") will offset any bridges that you would burn.

Nice reasoning, do the LSAT and go to law school.

 

PWM isn't looked down upon, I don't know where you get that from... It's just unrelated to banking in terms of the work involved. I met two bankers recently, who after being 3rd-yr associates have gone on to PWM.

Now in terms of landing a gig in IBD after a PWM internship, it has been done MANY times. Trust me. You need to concentrate on getting interviews, the more, the better. Have something to show for yourself, gain experience, and you will have as good a shot as any to land an offer.

PLEASE DONT CHANGE EXCEL SHORTCUTS!!!
 
monkeypoker:
PWM isn't looked down upon, I don't know where you get that from...

I agree, you've probably been reading this thread for a while and are basing that off the opinions of the many college students that post on here. PWM, is not looked down upon, it's just different from IBD.

Now that you have your foot in the BB, you have to work harder to network. Do not rely on your manager to get you IBD contacts, I'm pretty sure you can do this yourself. Use your company's directory, it's really not hard to find out who the recruiters for IBD are. Actually, depending on which bank you're at, I can tell you who the recruiters are. Do you know any interns working in IBD? They can def help you and probably put in a good word. It'd be pretty difficult to be there for a summer and not run into anyone in IBD, (unless they're in a diff building). You have to take initiative, which is a quality looked highly upon in IBD.

 

if people that work in PWM department in a BB would have any leverage in getting someone an interview in IBD-analyst level that is. Do they work together? Have contact or anything like that?

 

Although PWM isn't looked down upon, a transfer from pwm to ibd is difficult to do. Not to say that it hasn't been done and that it's not possible, but if every pwm candidate that wanted to go into ibd could do it, then everyone would just interview for pwm first and then go to ibd. That said, as monkeypoker and gq have pointed out, being at the bb gives you some advantage by allowing you to network. As far as experience goes, however, pwm still isn't that relevant, so you'd still have to be a strong candidate to transfer, in which case you would most likely have made it anyway (granted that you got the interview w/o pwm).

 

Why do some of you insist on giving false advice?

When people ask whether or not PWM is looked down upon, they aren't asking whether those in PWM are decent, hard working Americans, just like everyone else, some are, some arent

but in terms of prestige, PWM is clearly on a significantly lower tear than IBD, and S&T as well. There are some top PWM people who manage hundreds of millions of dollars, and they do well. But overall, PWM is a very middle class job. However, as a sophomore, its one of the best places to work before you try for an IBD internship junior year.

 

lol boutique banker, touched a nerve? too bad ur at a shitty boutique but please gtfo of my thread as i'm asking about BB'S.. you know.. BULGE BRACKETS.. you know.. RESPECTABLE banks? You have no place here so take your boutique making 20k a year bonus and get out lol.

 
ultratrader89:
lol boutique banker, touched a nerve? too bad ur at a shitty boutique but please gtfo of my thread as i'm asking about BB'S.. you know.. BULGE BRACKETS.. you know.. RESPECTABLE banks? You have no place here so take your boutique making 20k a year bonus and get out lol.
You sir, are a Troll of Trolls - join sternmasta and LondonE1, among others, in your Hall of Trolldom.

By the way, about boutiques and their bonuses, a friend of mine signed with a boutique, getting a guaranteed bonus of ~50K, so put that in your pipe and smoke it.

 
aardvarkaa:
if you are female and hot, you get sales

If I'm a girl and am applying for S&T with the hopes of getting trading, will I get stuck in sales or would a guy get trading over me? Also my contacts are in sales - they know I'm interested in trading, although I haven't said it because I think it would be somewhat brash given how helpful they've been - but will this only make the hiring people lean more towards hiring me for sales even if I express interest in trading while applying?

ultra - my answer to you would be, it depends a great deal on where there are slots available, but beyond that, its all networking. It should be very easy if you're stellar in performance (wherever you are), early in your career, and network well; I think a good word from someone well-placed could help you overcome getting stuck at a desk you don't want even if you were placed there during internship for a very specific reason - ie they thought you'd do better there than somewhere else that you'd wanted.

Also I second ultra's question on how do they know/determine where they put you, sales or trading?

 
cruz12:
If I'm a girl and am applying for S&T with the hopes of getting trading, will I get stuck in sales or would a guy get trading over me? Also my contacts are in sales - they know I'm interested in trading, although I haven't said it because I think it would be somewhat brash given how helpful they've been - but will this only make the hiring people lean more towards hiring me for sales even if I express interest in trading while applying?

I know a few women in trading and I definitely don't think just because you're a female you'll be put into sales. A good female friend of mine works at JPM's proprietary trading desk. Another female I know at JPM works with quants there. Sure finance is a predominantly male culture but above all trading is about making money. If you can make money, you'll succeed as a trader regardless of whether you're a male or female.

 

you will def. get sales. i haven't seen a single female trader at a BB yet and only the top quant ppl are doing trading, usually 90% caucasian and 10% indian/asian males.

they know who gets trading based on your training. once u accept S&T, they do training at the office. make sure you are smart and know what you're doing. PREP HARD and be very very very very vocal. If not, most def. a guy will trade rather than you.

 
sternmasta:
you will def. get sales. i haven't seen a single female trader at a BB yet and only the top quant ppl are doing trading, usually 90% caucasian and 10% indian/asian males.

they know who gets trading based on your training. once u accept S&T, they do training at the office. make sure you are smart and know what you're doing. PREP HARD and be very very very very vocal. If not, most def. a guy will trade rather than you.

what bb are you talking about?

we have 3 on my desk and 1 head is a female as well as many other women around the floor.

 
sternmasta:
you will def. get sales. i haven't seen a single female trader at a BB yet and only the top quant ppl are doing trading, usually 90% caucasian and 10% indian/asian males.

they know who gets trading based on your training. once u accept S&T, they do training at the office. make sure you are smart and know what you're doing. PREP HARD and be very very very very vocal. If not, most def. a guy will trade rather than you.

what do you do? and where did you even see a trader? all your post are about ML and GS ops... have you even stepped foot on a trade desk?

 

I know the racial breakdown - most of the very top traders are also caucasian or indian or jewish, but I thought that the number of women in trading was getting better...

what goes on in training, how can I be best prepared for it? can you detail how the sales v trading/desks are differentiated and picked out - based on performance, contacts, what? What do you mean by be vocal - shouldn't I keep my mouth shut since I'm the new kid?

I always had the impression that IB was much more political than trading - but is it a different game for me since I'm an extremely small minority in trading as a female?

 

apparently i know more than both u guys, let m ehelp you NOOBS

first you get an offer.. then you pick a location. training starts. training for S&T isn't like banking... its more of a test. you go through this and they select the traders from the sales. ask anyone in S&T. and by be vocal I mean make sure people know what you want to do and what you're passionate about, such as trading. make sure you let your skills match trading rather than sales.

 
sternmasta:
apparently i know more than both u guys, let m ehelp you NOOBS

first you get an offer.. then you pick a location. training starts. training for S&T isn't like banking... its more of a test. you go through this and they select the traders from the sales. ask anyone in S&T. and by be vocal I mean make sure people know what you want to do and what you're passionate about, such as trading. make sure you let your skills match trading rather than sales.

sure you do bud.

 

It is decided based upon background (quant heavy major v not, etc.)/ percieved strengths & skillset (more outgoing, competitive, sociable etc)/ and which desk wants you the most and thinks you'll fit in well (if your S&T program does a rotational post the classroom trading, I'm not sure they all do).

There are more women in Sales than in trading but being female does not necessarily ean you will be put in sales. Being hot and female is another story all together though.... hey, just be happy they don't stick you in HR.

 

i have many alums who have been through this process. being a female definitely hurts. and being hot is not exactly good either as they rather have you do sales than risk losing billions as a trader.

training is like IB but it's more like a month long test where they are always monitoring you and gauging your interest, personality, as well as how well you do on the multiple "quizzes" that are given after lectures and events. obviously do well and be WELL-LIKED by the trading desks rather than be well-liked by the sales desks.

a strong "in" with a particular desk (VP/MD) or PAST TRADING experience will be helpful in getting you pulled onto their desk. If not, then you prob just end up in sales or even a crapppy desk.

 
sternmasta:
i have many alums who have been through this process. being a female definitely hurts. and being hot is not exactly good either as they rather have you do sales than risk losing billions as a trader.

training is like IB but it's more like a month long test where they are always monitoring you and gauging your interest, personality, as well as how well you do on the multiple "quizzes" that are given after lectures and events. obviously do well and be WELL-LIKED by the trading desks rather than be well-liked by the sales desks.

a strong "in" with a particular desk (VP/MD) or PAST TRADING experience will be helpful in getting you pulled onto their desk. If not, then you prob just end up in sales or even a crapppy desk.

sure you do kid

 

"I'm just curious why sales gets a bad wrap around here? If I remember correctly, some of the top sales guys in equities at Citi were given 2 year guarantees of about $3M (WSJ Article)."

And the luckiest prop trader prob made tens of millions. Probably more BB traders made more than 3M. What is your point?

"That's not too shabby for wining and dining clients all week."

Do you know even know what sales does?

 

stern your comments are obviously sexist/irrational as monty has pointed out several times, but just to humor you, I don't think sales analysts get so much (if any?) face time with clients or do anything particularly image oriented that would necessitate that hot women automatically end up on sales desks without getting a fair chance for anywhere else

plus the whole fitting in with the desk thing is somewhat slanted to begin with since woman can't fit into the frat vibe and beyond that, for both guys and girls, whoever you click with is pretty much a crapshoot

 

every bank is different

e.g. gs - three summer rotations, then you get hired to a desk as analyst citi - for analyst, two rotations, 1 yr each jpm - hired to desk

part of it is asking for it in the first place (explicitly - 'this is the only thing i could do' not 'oh i might like it better but i don't know yet'), and part of it is offering a compelling reason to get it ...

like everything in life, you have to go for it above and beyond what mediocrity requires ... how would you convince someone to take a chance on you? by perhaps being well versed in the material / state of the market, striking up a relationship by visiting the floor a lot and asking to watch, and bringing up the occasional intelligent question? maybe.

women on the trading floor -- yes it's harder than it should be, but it's definitely possible. also, a guess -- you will see a push to get women into trading in the next 10 years ... it's a macho culture no doubt, but research says that women (at least in pa's) tend to transact less / have less overconfidence... like any business portfolio, there's value in having diversity on a trading floor ... you will have to counter a lot of perceptions about quant ability but if you really want it, then go for it.

 

at gs (internship anyways), they rotate everyone sales and trading in 1 group on a bunch of desks...and they DO give you weekly quizzes, like all other summer internships, the internship is basically a trial.. but s&t is a lot more blatant... the quizzes can be pen and paper or on a white board in a group..

at a bb, lets face it.. as an analyst... you probably will not be having a p/l attached to your name, and everyone is basically doing the same job thats pretty easy and not rocket science... so its really hard to differentiate yourself hence the politics part..

sternmaster is also right in the fact that if your an attractive woman...they will most likely put you in HR or sales.. trust me sounds silly or not even possible but its the real world.. if i had to guess woman on the trading floor... i think a good guess would be 5 or 10%.. as someone stated above.. it will probably change going forward and that number will get higher..oh and by the way.. that 5 or 10% of woman on the floor.. whether by nature or thats is how the floor made them... they lost most if not everything that made them a woman in their personality..it sounds like im joking or trolling but im serious..

to make the switch from sales to trading?... depending on where you are...Im assuming its like GS, where after your first year... you can interview for a transition to any group planned by the end of your second year..if you get good marks on your reviews, you can probably go anywhere you want... but then again.. the more popular the group.. the stricter they can be on review scores.. that whole supply/demand logic we all slept through as freshmen so long ago..just get along with everyone... project that your smart.. and youll be given any opportunity you want..just dont go walking into your group on day 1 and be like hi id like to move to that group.. that wont looked good upon..how do i know this by fact? managers think in the mindset.. how do you know you want to move there and not in this group already in 1 day, month ect...

source: experience

good luck!

 

FX, commodity-related equity, or inflation-linked fixed income. If you're deciding where to begin your career go where you like the people and there is a high ratio of senior / junior staff.

 

FX will overlap with macro driven commodities such as crude oil, base and precious metals. Commodity-related equity(e.g. miners, refiners, MLPs) will obviously overlap with commodities. Inflation-linked bonds will be impacted by forecasts of inflation, including commodity-price cost-push inflation.

If you are switching early in your career, e.g. 2 years or less, you will be judged more on pure analytical ability and work ethic as no one will expect you to be an expert so early in your career. Given that you'll be spending 10-12 hours a day working with the people on your desk, it's important to like the people. Desks with a high ratio of senior / junior staff will have more experienced people to learn from and less competition to get trading experience if a senior trader leaves or is just off 2 weeks on vacation.

 

If you're a returning summer analyst, it's a little late. You needed to have broached that topic a bit earlier, hopefully before or during the recruiting cycle. Now that banks have wrapped up their recruiting, it's almost impossible for you to convince someone that you should get a shot to move given that they've already extended offers to everyone they want for the summer in each division.

You can try over the summer to network with people in that division to get a FT offer, but for the summer, it's late.

I am permanently behind on PMs, it's not personal.
 
A Posse Ad Esse:
If you're a returning summer analyst, it's a little late. You needed to have broached that topic a bit earlier, hopefully before or during the recruiting cycle. Now that banks have wrapped up their recruiting, it's almost impossible for you to convince someone that you should get a shot to move given that they've already extended offers to everyone they want for the summer in each division.

You can try over the summer to network with people in that division to get a FT offer, but for the summer, it's late.

Thanks for the reply A Posse Ad Esse. This is for a summer intern position, not front office SA. Recruiting for these positions will most likely take place over the next month or so. I know because it was when I was hired last year. That being said, how do you suggest I approach this?

 

Oh. In that case, if you're trying to move divisions across the back/middle office, I have no experience with their recruiting process so I can't offer much advice I'm afraid. I say networking is your best bet, cliche as it sounds.

I am permanently behind on PMs, it's not personal.
 

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Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
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