LO/Value Shop Full Time Recruiting

Hi all. I'm new on this site (and to finance in general), so I apologize if this is repetitive or common knowledge. I'm a junior going into senior year at a semi-target and somehow managed to secure an internship at a value investing shop for this summer. Long-only, public equities, micro to large cap, global, but strictly value. Not a huge name, but I'm really happy with it - my GPA is average and I'm not in the premier investment club at my school, but I genuinely believe in the value investment strategy and I keep up with the market. My firm is fairly small with few openings, and the research associate program also considers MBAs, so I'm concerned about my chances of getting a return offer. Does anyone know what the process looks like for full-time positions at LO/Value shops? my impression is that some of the larger firms post some positions late summer/early fall, and many smaller ones can only be networked into. Is this true? Do many firms recruit undergrad exclusively through internships and return offers?

2 Comments
 
Most Helpful

Went through the process for LO shops for FT as a non-target,

Can say for sure that the bigger ones do post in the early fall closing their process before christmas time. I'd recommend trying to connect with them now before your internship and then within the summer as well as sometimes they have an internal link rather than a public facing one. Small shops I cannot comment on sorry.

For example Franklin Templeton (I know its AM not necessarily LO, but for illustrative purposes), their research associate early-grad role can only be seen internally so you would have to know someone who would pass you the link and then you would go interview for them if your resume passes through. 

 

Maiores ipsam harum perspiciatis reprehenderit nostrum omnis est. Culpa amet quia veniam aut sunt dolorum maxime. Recusandae nemo ea tempore odit. Exercitationem consequatur incidunt maxime earum quod sunt qui. Autem qui omnis ipsam vel sit.

Dicta aut perferendis excepturi et id in rem maiores. Aperiam dolor cumque aut ut et facere magnam. Eos facilis aut voluptatem quia itaque qui.

Sit et sed mollitia et. Ut ad dolorem alias rem. Quisquam nostrum qui quis ut officiis quis. Doloribus quam vitae id velit dolores sint ut fugit. Est aut magni iusto in esse sed aspernatur. Asperiores molestiae sint nam sequi est quia.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”