Full time recruitment timeline

You really, really don't want to do FT recruiting. It starts in August, basically the day after the BBs give their offers, but there are usually ~10 spot open per bank, and if you don't have a FT offer, well, good luck. Accelerated ends by the end of August (think MS and GS have it), and it's targeted, again, at kids from BBs with offers who want to switch banks. The remaining slots in the analyst classes fall drastically through September, when any remaining spots hit OCR. Beyond that, there's no "timeline." Case by case basis.

Again, FT recruiting is a nightmare. It's worst-case-scenario fr most people.

yea, same thing what that guy said. just try to land the FT offer at your bank

Thanks for the replies. I will definitely try to secure an offer from my own bank. I should also clarify that I am looking for more info on boutiques since I imagine they have different recruiting needs than BB. My university has a handful of OCR opportunities but I will probably have to network on my own outside of this if I want to be successful. I simply wanted to know when would be a good time to indicate serious interest and begin establishing connections via email, phone calls, desk visits, etc.

Just a friendly bump, would appreciate some more info on this.

I saw lazards resume drop deadline for the 15th...that kinda early. Be optimistic though , never know when you can get lucky.

ogofnyc:

I saw lazards resume drop deadline for the 15th...that kinda early. Be optimistic though , never know when you can get lucky.

Is this the 15th of may? june? july?

It's never too early to start networking yourself in for a position when they actually do start.

FT recruiting begins from late September to November.

First round interviews for IB usually happen in mid-September

Are you guys sure? I figured it'll start up late August or early September. I figure all the banks are gonna be done by early October. Maybe my estimation is just way off?

Bumpity bump bump

Anyone have an idea of which banks are hiring and not cutting back as much?

buuuuuuuummmmmmmmmmp

TheBlueCheese:

Anyone know when FT IB analyst recruiting is supposed to start this year?

+/- 6 months from now

Bumping my own thread... again. Has anyone gone through accelerated processes already? Or could give more feedback on when the normal FT interview processes start? I just want to know... sigh

Recruiting for full time analysts takes place normally at the end of the summer from my understanding.

To elaborate:

When should I start cold-calling firms / alumni, Sending in resumes, applying online, etc.

You should be making connections now.

Thanks, unfortunately my schools career alumni book may not be updated until the fall.

When does HR start receiving resumes and setting up interviews?

September through November is the main recruiting season for FT offers of the following year. If you wait until Sept to start networking then you've really put yourself at a HUGE disadvantage. Alumni in IB don't like it when someone contacts them a few weeks before FT interviews, asking what they can do to learn more and prepare for IB, etc. They'll probably tell you (or definitely be thinking) that you should've reached out to them MONTHS ago. Start now. use last year's alumni book. It doesn't have to be the most recent data. We're already halfway through the summer so get cranking

For Bain, the recruiting season this year is as follows:

Mid September: Applications due October: Interviews November: Offers made

Most firms should have roughly the same recruiting timeframe.

To build on what OGBanker said, get cranking on contacting alumni and others. I made the mistake last year of waiting till the last second to reach out to people and that didn't go over so well... I've been in contact with my connections at Bain for about a month and a half now and all I can say is that it is much, much more beneficial for me to have started the communication process at the beginning of the summer rather than waiting until September as I did last year.

For a school without an updated alumni list, what would you recommend? The last updated year was 2005 which seems VERY outdated

What method of finding alumni would be best in your opinions?

Thanks

I've tried via linked in but those results dont seem very concentrated or effective.

Hi Short,

If all else fails, go ahead and reach out to the alumni on the 2005 list. While a number of those alumni most likely aren't working at those firms anymore (given consulting's turnover rate), they can probably put you in contact with other alumni who still are with those firms. And if that doesn't work, then I guess you're SOL... ;)

Anyone else got any ideas?

Habu, Actually Bain and many other firms will typically make an offer within a few days of your final round. In fact, turn around can be as little as a day. The only people that have to wait a month for an offer are typically on a "waitlist" as in the firm is interested but might take decide to take someone else they haven't yet interviewed.

Sorry to nitpick.

I personally don't know anyone that interviewed an accepted an offer at ANOTHER bank while interning. It's both as a result of time constraint (you obviously don't have the luxury of leaving the office for a battery of interviews during your internship) as well as the fact that you're an unproven commodity until get/don't get an offer. Keeping up contacts at other banks that you interviewed at for SA is advisable, if you're looking for a switch. If you get a return offer, then generally you can try to get an interview at another bank through your aforementioned contacts during mid-late August or very early September, before your exploding date and before FT recruiting starts in early/mid September. While FT recruiting in the fall will be small, there will be virtually no one interviewing before mid-late August.

In regards to your question, I think it's somewhat risky, assuming you would be leaving for your semester abroad sometime in September. I think a lot of the risk is mitigated by you and your performance over the summer. Yeah the markets may tank, but banks are always going to need analysts, and they'd certainly prefer hiring an intern over someone they interview in FT recruiting. Focus on doing a good job by working hard, learning and getting along with the full time guys, and you'll be fine.

If you don't get an offer, you could be fucked. Those contacts at other banks won't be inclined to line up an accelerated interview in August or September for an offerless SA than they would be for a guy that did well and got an offer and wants to switch banks. In that situation, you have no chips to play with, and no one is going to go to bat for you, they'll just tell you to get in line with all the other kids that didn't get offers or didn't do a SA stint and wait until September.

Personally, I would go for it and study abroad, considering that your bank has somewhat high conversion rates.

Thanks for the very detailed and helpful response - it's similar to what my gut feeling is about the situation. Risky but probably worth it.

If anyone else has a different opinion, I'd be grateful to hear that too!

Don't do the program. Certainly if you can get an offer at the bank you are working at this summer then you can go through what some banks have and call accelerated recruitment but that is usually for exploding offers from your summer gig. Also, theres the chance you don't get an offer from your SA gig (lets hope that doesn't happen)...then you are going to want to spend most of your fall semester doing recruitment. When I went though FT recruitment....my first interviews began mid august and I got the offer I chose in late november. I did have friends who had offers in september and early october....but you never know what can happen. I wouldn't risk it and go abroad.

How hard is it to back out of the abroad program if need be?

I don't think it would be easy... all the visa applications and arrangements need to be done pretty soon.

Any suggestions at all?

I'm not sure how accurate this is but from my understanding fulltime recruiting runs from September - Late November with interviews being held December - Mid February. I am heading off to business school and this is what I have heard from a few different people. Hope this helps.

Thanks for the info.

Sure no problem.

For my school, firms usually start interviewing by Sep/Oct with offers by Oct/Nov