2016 FT Recruitment: London
hi WSO,
long-time lurker, first-time poster.
Although it's too early to talk about 2016 FT recruitment, I have a question for everyone working in London.
After graduation, I started a long-term internship (13 months) for a French investment bank (BNP, SG, CAIB), in London , IBD, with clear indication there would be no full-time offer.
As my internship ends in December, I am thinking to apply to grad schemes. Is this something acceptable? I will have about 1.5yrs of work-experience post-graduation by the 2016 start date, but it will all be internship positions.
Alternatively, should I try to pursue lateral positions?
errrr...try both? Lateral postions available? If no, apply for grad. and for the love of god, network.
Thanks for the advice. But should I ONLY look at lateral positions? Would I have too much post-grad work experience to be considered for grad schemes?
Networking is definitely advised. A long term internship might not be considered enough for a lateral role although this is dependent on how hr views your application.
Our class had someone in markets who was in the exact position as you after having done more than a year at a french bank. HR put her on the analyst summer internship after grad places had filled up.
French banks are known for their track-record of employing interns for long periods, up to 2 years in internship/trainee positions. Although, I'm doing coverage, I'm only involved in multiples valuation, so no real DCF/LBO/M&A modelling experience. Also, I have little deal execution experience, mostly pitching. So, lateraling is fairly difficult and that's why I want to start a regular grad program.
This is where the asymmetries with hr and people in the business might arise. HR could see it as you having been out of education for 1.5y and could reject you where as someone in the business would prefer taking on an analyst as an intern or grad with your experience. Key takeaway is network to make sure someone has a reason to progress you past the screening.
Varies from bank to bank, check out their websites and email HR if it's not clear they should be able to give you accurate answers pretty quickly.
any suggestions on who should I realistically target for networking? Analysts, associates?
Thank you op
Unde beatae totam nostrum numquam velit debitis. Qui modi neque rem et nihil. Quis aliquam non tempore veniam qui voluptates. Est totam qui reprehenderit saepe quod.
Fugit sed asperiores quibusdam quasi aliquid sequi eaque. Cupiditate sint sapiente placeat error qui enim ad. Dolorem libero veritatis deleniti ut nobis in et. Culpa et sint et pariatur maxime incidunt. Quo libero id et quia.
Nam quo nostrum aut ex dolor tempora reprehenderit. Autem consequatur sed magnam harum ab sint. Cumque eos et similique excepturi dolore ut error.
Aut ut provident quaerat optio excepturi quas. Eligendi laboriosam qui ut aut sapiente laudantium. Nihil dolorum et ipsa porro omnis est beatae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...