Placement into HF from non-BB Large Balance Sheet Banks
Hello, I will be summering at a non-BB large balance sheet bank (Jeff/WF/RBC) in NYC and was hoping to get some color on whether exits into HFs are possible or likely? I don't know if I should be picky about SM or MM since I really just want experience investing and learning, regardless of the type of platform.
Thus, based on the likelihood from my current seat, I was wondering if I would need to lateral to a better brand IB or maybe do 2 yrs in PE prior to making the jump? Also, if it's relevant for context, I go to a semi-target school on the west coast (UCLA/USC/Cal/CMC).
Unfortunately, I struck out with undergrad MMHF recruiting final stages, so I settled with IB. Still eagerly hoping to make the switch in the future, so I'd appreciate any insight and anecdotes. Thank you!
Also as an aside, what would be the best way to prepare for both recruiting and for building investing acumen as a current junior in undergrad?
If you're smart they're possible
I understand. Would you say these seats are significantly harder to land as opposed from a better brand IB, similar to how PE exits operate? Also, I'm assuming MM is more accessible, but would you consider SM as possible too?
Its very different to PE. Its down to you...might be harder to get past HH's but you can go to Bizdev directly.
Its your own ability + what the hiring team wants in a candidate. The top pod seats can afford to be more selective but that doesn't mean they only hire out of the graduate programs or 2+2.
As for SM I do not know, but you can imagine it would be harder.
Why is Jefferies being mentioned in the same category of “balance sheet banks” alongside RBC and WF, which have huge retail banking divisions? Like dafuq?
Lmao why is that the takeaway from this post
Cuz he is a incoming 2026 investment banking analyst at Jefferies
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