Can we get a list going of 2021 Sophmore SA programs? Citi just opened their app.
Non-diversity candidate here. From what I've seen UBS, Citi, BAML, and Wells are the only BB that take non-diversity. Every other BB is strict diversity for sophomores. Anybody can confirm or add to the list. Any former sophomore SA's who can share any insight or experience?
Thanks
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bump, I'm also non-diversity
also, can you link the sophomore program
Look up Citi Sophomore Leadership Program on Linkedin or Google. It won't let me post the link.
I'm surprised how ahead of the game Citi is, especially considering the virus. Most Sophmore SA apps don't open until late summer/early fall.
I’ve tried for the last 30 minutes, no where to be seen on their website
https://www.linkedin.com/jobs/view/sophomore-leadership-program-summer-…
they won't interview until october though
Source? Know kids who had SA 20 offers in the summer before sophomore year.
Bump. Thank you for starting this. Also surprised Citi to open apps this early, considering the fact that many other BBs open later in the summer.
GS, MS, JPM, BAML, Citi, UBS, DB, and Wells are the only BBs I know which take Sophs. Let me know if you guys have any updates.
CS and RBC take sophomores trust me
Yes CS does, forgot to mention that. Was not aware about RBC.
non-diversity at JPM and MS but only for certain offices and heavily networked in
Looks like Citi removed their application from the website. Anyone have any insight to this/experience same thing? Not a big deal since it's still very early but just strange
Incoming Citi sophomore analyst here. Citi SLP is not diversity only but is diversity focused. Majority/all of my intern class are URMs/women
I thought Citi isn't rolling, how did you know the results already?
I am an SLP alum
I don't see the application on their site, and it was removed from Linkedin... Is there a chance they are going to completely cancel this program? How do you guys think recruiting will be impacted in the future?
They wouldn't cancel it, it's still really early. 2021 Sophomore recruiting is definitely not a priority right now for BBs, so just be patient and once everything settles down you may see some apps open up
Whether or not these programs call themselves diversity programs, they are all diversity programs. If your a non-minority male you have a snowball's chance in hell at landing one of these, even if you have a 4.0 from Wharton. Focus on smaller places for your sophomore summer, these BB programs are a waste of your time if you're not diversity.
This is false, you can network in for a few non diversity especially at some satellite offices and mid tier BB. It's extremely difficult but in no way is 4.0 at Wharton the prerequisite - most likely 1-2 prior internships in IB/PE though which is tough for first years.
If you have 1-2 prior internships in IB/PE after your first year you will be fine even if you don't land BB
Would you guys say to start networking at smaller botiques for post sophomore year internships? Do you know any boutique banks that take sophomore interns?
Bump. How should we prioritize our search when looking for boutique or middle market firms. Are there ones that look notably better when applying to BB's for Junior Summer? Thanks
Bump
Bump
Bump. In the same boat
MS has its apps open.
The positions they have listed are for diversity candidates at MS
they always take non-diversity kids, just need a connection
Are deadlines already coming up?
Wells stopped doing their sophomore analyst program due to poaching.
Who told you that?
Multiple analysts at Wells.
Lmao not surprised
I spoke with the recruiter and she said that it depends on the situation (COVID wise)
So if it were to happen, do you know when they'd make the announcement?
Does JP take sophomores
Yea only diversity I believe
do you know if the program has a name or where someone can find more info
BUMP
RBC opened their program. All diversity kids please go apply so I don’t have to deal with you
What's program are you referring to? thanks
I talked to BAML HR and they confirmed that it's non diversity; however, unofficially, I still believe its at least diversity focused because the vast majority on linkedin from my school were URM/Female.
Is it open?
Opens July 1
If trying to get into BB for Junior SA 2022, would it be better to do a highly involved MM sophomore 2021 internship, or buy-side internship? Non-diversity male at non-target.
Can't go wrong with either. Go to the one that will give you a better experience. I would assume the MM internship would be better in this case but do your due diligence to see where you'll get more deal responsibilities
Deleted
Where did you end up for Junior SA?
citi sophomore leadership program is up now i believe
UBS already giving sophomore offers
When was the sophomore application put up? I can't find it on their website.
is the app even open?
UBS gives out sophomore offers like candy, almost as many sophomores as juniors for their IB SA because they are shrinking their investment bank and can't give too many return offers but want to keep up the illusion of a normal class of interns.
Definitely not true lol. Sophomore class is just as big as any other BB and junior class is probably a little under 100
Wouldn't neccesarily put it that way but ya they do have a sophomore class size which has no retention cause everyone dips. Also UBS has only given offers to kids that were in Tomorrows Leaders (diversity program for freshmen) on an accelerated track.
Can you link the program?
Is Citi rolling?
Nope. They won't kick off recruiting till August ish even though apps are open
Oh. Well that sucks I just applied lol.
Can you link the program?
Banks are not changing their hiring schedule.
Follow
sorry if this is a dumb question, but would you have to network to get these positions?
most likely necessary yeah
current sophomore analyst at top BB. signed offer in November, pretty late but whatever. literally they dont even look at the applications. all I did was call up a VP and associate, they liked me and gave me a superday
did you have any prior finance related internships? what did you do over freshman summer?
interned at a boutique investment bank it was super small
Should we make and keep an updated google sheet for Sophomore SA '21 positions and deadlines?
If you need to make a sheet you're not getting an offer
Lol was just trying to be helpful considering that’s what this discussion is for...
Oh no he wants to be organized!
.
no, you apply and they pick kids out of a hat to give offers to
Anyone have any updates with timelines? Citi SLP, MS, and RBC are the only ones open which I know of
does RBC make you sign for two years?
Idk about RBC, but I've heard of BAML doing it.
Yes, RBC's Pathways Program Diversity Scholarship, which is for Capital Markets, is a sophomore and junior summer committment.
bump on JPM, anyone know what it's called?
I don't think JPM takes sophs anymore
ik MS doesn't care but if you are non diversity, can you still apply for the RBC one? their description seems very strict on who can apply
I think MS is really strict about it.
anyone know how barclays process works for sophomores? are they like CS and start soph process late in the summer?
Barclays doesn't really have a sophomore program anymore. There's less than 5 sophomore IB interns for summer 2020 across every office, and they were pulled in by MDs/had a family connection, and were interviewed with heavy technicals, probably harder than what we throw at juniors. Every other bulge bracket, wells fargo, rbc have structured sophomore programs from what I understand.
Source: Analyst
I personally know two sophomore interns this summer and can say they have no personal connections at Barclays and solely got in because they interviewed well. They did say their interviews were very technical and questions were harder than your typical IB interview
Are the superdays sophomore only, or do they have them for sophomores and juniors combined?
GS had one sophomore-only superday last year after all its junior superdays
RBC Soph: Yes - Closed MS Soph: Yes- Open Citi Soph: Yes - Open BAML Soph: Yes - Not Open (July 1st) CS Soph: Yes - Not Open GS Soph: Yes - Not Open UBS Soph: Yes - Not Open DB Soph: Yes - Not Open Barclays Soph: No JPM Soph: No WF Soph: ? HSBC Soph: ?
Biggest Soph SA class is UBS (Non-Target & Diversity focused). BAML is also a big class but directed towards targets and diversity. MS takes around 10, CS upwards of 20, Citi around 35, and no clue about the rest. Feel free to correct me if I'm mistaken with anything but just wanted to lay everything out
Edit: BAML Soph: Yes - Not Open (Sometime late July - early Aug) GS Soph: Yes - Open
Do you still think UBS takes the greatest number of non-diversity SAs, regardless of target v. non-target.
Are these numbers of sophomores at Citi, CS, and MS including capital markets and S&T? I have first hand knowledge that there aren't 20 sophomores in the traditional CS IB groups.
Citi only does the SLP, which is a rotational program?
JPM does take sophomores but only for their LATAM coverage group.
WF does have a sophomore IB program. However, it is only reserved for the kids that got into their freshman diversity event. They might not have a sophomore IB program moving forward since most kids wanna leave for other firms.
Sources: WF HR and friend who was part of WF freshman event
Also, ur numbers for # of sophomore interns are wrong. MS takes 20, UBS takes 25, GS takes 20. I have friends in each. I believe BAML HR told me they take around 30. Citi and BAML probably have the highest sophomore class numbers
MS and GS take 20 a piece for sophomore IB across the whole firm? That seems a little high with all due respect. I could see MS taking 10 and GS taking 12-16 at the very max.
.
No, unless you're related to someone high up at GS
is BAML out?? bc i can't find the link
Apps are delayed
Is CS out yet? Cannot find any open positions *for sophomores ** * on their career website. They all have a grad date of December 2021 or May/June 2022.
Credit Suisse sophomore summer analyst isn’t out yet, I’ve been checking their site every day lol
Interested
Appreciate this list. Was wondering if you had any info on some other banks like EBs/MMs. Thanks.
Heard from MS Menlo they took 1 soph already, but usually don't take sophomores
For all these programs that are diversity focused, does diversity only matter to the point of getting a first round?
Just wondering as a non diversity, if I were to get a first round through networking, would my non diversity status continue to matter? BAML specifically.
bump
Idk the answer to your exact question, but I talked to HR, and they told me that it isn't a diversity only program. I bet it's still diversity "focused" like you said though because anecdotally, I only know 1 non diversity who did it versus multiple diversity (Know quite a few white girls).
will most firms accept OPT for international students? i heard MS might not anymore for 2021??
Does anyone know if BAML's like GS in that we essentially have to apply the day it opens or if it's more like Citi and not rolling?
I've talked to a couple analysts and HR about this. There will be multiple supderdays, so applying earlier is definitely better, but not the be all end all. I know someone who applied late and made it.
So while its probably better to apply early, "the day it opens" is not at all necessary lol.
Do BB firms like Goldman have sophomore focused investment management and asset management internships or are those only for juniors?
I think all of Goldman's summer analyst programs are open to both sophomores and juniors. If i remember correctly, the only sophomore-focused events are for diversity
Also does the Goldman Sachs Insight Series help at all in securing a first round interview?
bump
I doubt it.
Damn, the Insight Series description says you get the opportunity to interview with the firm, but I guess that is not guaranteed lol.
Wait it does? What?
Edit: Huh it does.
Where does it say this?
I've heard that guggenheim had a sophomore program does anyone have ore information on this?
Unfortunately, I'm pretty sure they closed a few months ago for their sophomore program
does anyone know what the headcount is for Deutsche bank and CS in terms of sophomore IB interns?
DB is one of the smaller ones and it's only diversity.
i understand. for db and cs do you have approximate numbers?
is it only BBs that take sophomore SA’s? wb firms like Nomura, Harris Williams, Blair, Raymond James, Centerview, TD, BMO?
BMO is very lowkey with their sophomore program (for IB & S&T). You'd have to reach out to HR about that. STRH also takes sophomores for Atlanta but idk this year considering they merged with BB&T
td does sophomores
Do you know what the program is called? I haven’t heard of theirs.
Could you plz post the link if you don't mind?
Are there any firms similar to BMO that have a lowkey sophomore program?
BAML opened apps, but their sophomore program is only showing up for NYC LATAM coverage
Do you have a link for that?
Does BAML make you sign for two years? because it doesn't mention anything on their websites about two years but earlier in this thread people have notated that.
I've heard it too....From what I understand, it's not everyone. I'm not sure though.
So from what I hear things this year will be kicking off around August for most programs
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