Hi all,

Long time lurker on this site.

Currently work at a small boutique in SF and had an interview with a BB (SF office) for a lateral analyst position and made it through the final round. Was told I would hear back after the interview (which was roughly 2 weeks ago) however haven't heard back. Does no response indicate I was dinged?

I'm not asking what a layoff is but how soon till you find out your in the group to get axed.

Ex. Bank XYZ says they will layoff ~1000 ppl in IB.

How long does it take for a person or specific group to find out they are on the chopping block? Most firms have different groupings/divisions under their umbrella terms for IB, S&T, Corporate, etc.

Do employees that are part of the cutback group generally find out same day, few weeks, months?

What about when a firm says something like they expect to cut x amount of employees over a year or 2? Generally, how much clarity is disipated?

Which one looks better for a top 25 MBA program for a super non-target?

Thank you Monkeys

Hi Everyone,

I know this topic can be found online or through a simple search. I was just curious if anyone can give me insight to compensation for an executive director specifically at JPM in operations? To a certain extent what could these individuals expect? Of couse I know that I can find generic answers on glassdoor or searching posts....feel free to PM if you have an answer.

Read an interesting article about how banks have swung back to pre-crisis profitability. Now I wonder, how much of it is because they are operating with far fewer people, and the ones that are still there are getting lesser bonuses? What are the other drivers of this (near) record profitability?

http://www.theatlantic.com/business/archive/2013/0...

Hey guys,

I was wondering what job you would pick out of these in terms of most learning, most prestige, best exit opportunities, most pay and any other factors you think would be relevant. As you can see, the jobs cover multiple functions, locations and firms which is why I'm having trouble seeing which one is best. Your thoughts would be very helpful, thanks!

1. Bank of America Merrill Lynch - Houston - Commodities Sales & Trading Analyst
2. JPMorgan - New York - Treasury and Securities Services Analyst
3. Wells Fargo - San Francisco - Fixed Income Analyst
4. Boutique Investment Bank - New York - Investment Banking Analyst

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Hey guys. Currently a 3rd year analyst at a BB and have an upcoming interview for a corporate strategy/development role at another global investment bank. This is a unique role in that it is working with a small team (partly in NYC, partly in Europe) on the company's overall long-term strategy. Job description included meeting with regional executives, and a lot of vague descriptions about "strategy projects."

Anywhere else?

Lots of my friends (at target universities) who land interviews/AC's say that most of the people in the AC's are European (or at British universities but from a European country) with a few from Hong Kong and/or the USA. 1-2 people from British universities (usually Oxbridge) also make it.

This is a bit odd, given that British universities are considered some of the 'best' universities in the world and people already within the UK have the best networking opportunities with London firms vs international applicants, that this trend exists.

Given the tightening VISA restrictions and the lack of access for British students to work abroad it seems like the international population is at an advantage and disadvantage at the same time...

Top 3 BB rejection 1 week after a 45 min interview with an associate which I thought went well. He also told me (during the interview) I did well on the interview with the analyst earlier that week (I passed it hence I was invited to interview with an associate).

Feedback: you had medical issues and therefore took a year off and even though you will secure a 2:1 minimum we have people who secure firsts and dont take time off uni.

Details:

I recently had an informational phone interview with an Associate from a BB in NYC. I was connected to the Associate through a Women's diversity event. The conversation went well. I live in CA but will fly to NYC for the holidays. Do you think it is worth to ask for an office visit/tour?

I am an MBA student applying for an ER SA role. I haven't submitted my application yet.

Anyone ever asked for an office visit or tour? Was it helpful in any way?

Thanks for your input.

I recently had an informational phone interview with an Associate from a BB in NYC. I was connected to the Associate through a Women's diversity event. The conversation went well. I live in CA but will fly to NYC for the holidays. Do you think it is worth to ask for an office visit/tour?

I am an MBA student applying for an ER SA role. I haven't submitted my application yet.

Anyone ever asked for an office visit or tour? Was it helpful in any way?

Thanks for your input.

A lot of people on this forum use the term M7 to refer to MBA schools where a lot of bulge brackets recruit. Does it make sense to accept an MBA offer from a top 10 program if you want to break into IB?

For those of you who don't know:

M7 is HBS, Stanford, Wharton, Chicago, MIT, Kellogg and Columbia.

By top 10 I include Ross, Tuck and Haas.

The school in question here is Haas.

If so, to what extend does it make a difference whether you attend RTH or a lower-tier M7 program (Columbia, Chicago, MIT, Kellogg)? Are there significantly more spots available for people from Columbia and such?

I'm currently at LSE studying Stats with Finance (undergrad) and am in my final year. I will get an upper second (2:1) at the very least. I have spoken to admissions at Harvard and they told me, given my background, I'm highly likely to get into Master's program for Management (with a track in Finance). I have also networked with several people at BB's/elite boutiques and the chances of me landing a summer internship in IBD are strong. I'm having some trouble deciding what to choose.

Internship situation:
- The UK/European market looks very bleak for me to land a FT role in IBD but an internship at a BB/elite boutique is very possible. Even if I land it there is no guarantee I'll land the full time role (they tend to take Master level students/European students more).

.

Recently saw this job posting at BoA ML. Its for 2013 Global Sales & Trading Analyst Program. All is fine, except the job description at the end:

Hours Per Week:40.00
Full / Part-time: Fulltime
Shift: 1st Shift

Though it was funny :)

http://careers.bankofamerica.com/JobDetails.aspx?S...

Hi Guys,

Wondering about your opinions: should I choose a bulge bracket internship or a full-time (permanent) position of a top 20 boutique? Positions are IBD, M&A advisory. Final goal would be PE.

Thanks

Does it hurt to apply to IB internships in both Asia Pacific and America from the same bank? Are the interview processes separate? If so, if I don't do well in the Asia Pacific interview would that have negative effects on my U.S. internship application?

Thanks.

Does it hurt to apply to S&T internships in both Asia Pacific and America from the same bank? Are the interview processes separate? If so, if I don't do well in the Asia Pacific interview would that have negative effects on my U.S. internship application?

Thanks.

Hello.

On very short notice, I have been offered a first round interview by phone from a BB's sales and trading division. The role regards securities lending, and therefore is not a traditional S&T position. Does anyone have any info about how these subdivisions recruit, and what skill sets are valued for repo/reverse, sec lending, or prime brokerage agents?

Pardon my ignorance, but I know little about these functions when compared to more traditional investing. I'm very interested in the opportunity, so any advice and comments are greatly appreciated. -DR

Hey guys,

Basically been submitting online apps and emailing my credentials (ie CV, cover letter, etc) to many banks out there. I come from a non-target school and I have a decent GPA with great experience.

My question to you is, at this point (Sept 9, '12) are bulge brackets and e boutiques going to be devoid of additional spots for candidates in situations like myself (ie w/o connections, w/o on-campus interviews, and this far along the timeline)?

Well, this one is easy. The markets have had a good summer, volatility is low, and elections are in the fall... and so is the start of the recruiting season.

For those of you at BBs, what's the general feel for recruiting appetite? Any changes to previous years?

And most specifically: S&T recruitment at business schools. What's the word?

I want to get into investment banking, something I realized late in my college career. As of now, I have two options: work Marketing position at Citigroup vs Asset Management at boutique firm. A friend of mine suggested I take a job with citigroup because name > position and opportunities for lateral hire. However, I think Asset Management would be better because I would be on the core investment team which will involve a lot more numbers, modeling and finance vs a pure marketing role at a brand name company. Also, there is no guarantee I can get into ICG, as I would be competing against candidates who have actual banking experience. So, taking the position at citigroup is a lot like putting my eggs into one basket.

Monkeys,

Have any of you studied for and taken the GMAT during your analyst stint?

If so, how did you manage? I imagine it would be very difficult with the 80-110hr work weeks. Did you do it late at night, or on a spare weekend day? I think many would choose to rest and recover their mind/body instead.

For those that did, how did you perform?

Would appreciate learning about the experiences/advice of fellow monkeys!

Cheers

t_banker

I will be a freshman at UIUC this fall and my long term goal is to land a FT offer at a BB (FO obviously) hopefully in New York but Chicago is fine too. I know that UIUC is arguably only a semi-target school for IB recruiting but is it reasonable to assume that if I maintain a high gpa, join finance clubs, and network with alumni, while doing other relevant EC's I could maybe land a position?

And also is it a good idea to start with a BB PWM internship next summer?

BTW my current academic path is double major in finance and econ

Quick background:

Rising sophomore at a complete non-target in the Northeast. Was a Computer Science major my freshman year, had a bad year/hated CS, ended the year with a 2.8~ GPA. I am very active on campus (Sector Head for campus investment club, tutor, technology club, etc). I'm going to be a RA this upcoming year, as well as switching to a Financial Economics major (which I'm fairly confident that I can get a 4.0 in without any problems).