I know RBC has posted 2021 stuff before, but I just saw that Guggenheim posted the summer 2021 IB position. Does this mean 2021 has kicked off? Especially now that BBs are doing info sessions/coffee chats at targets starting late January early February?
Link:
| +3,795 | Bank of America - Juniors Strike to start Monday May 6th | 412 | 13m | |
| +811 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 12h | |
| +542 | This is a dark day for Wall Street. | 46 | 21m | |
| +359 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 38 | 1h | |
| +186 | How to strike without being fired. | 21 | 6h | |
| +182 | Analyst at Bofa FIG-Thoughts | 28 | 10h | |
| +169 | Big Layoff at Barclays - 5/1/24 | 88 | 19h | |
| +157 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 23 | 23m | |
| +138 | BofA List | 34 | 1h | |
| +124 | Shame on you, BofA. But also, the industry needs to change. | 17 | 8h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
depends on definition of "kicked off", but most BB and other banks will be doing superdays in the fall. A few EB/MM might have recruiting that takes place a bit earlier.
Barclays, BAML etc are doing spring diversity-only events where you can get an early offer.
I know of several BB’s and EB’s that will have superdays before fall this year. Not sure where you’re getting your general information lol. I’m sure all banks will also have superdays in the fall, but I know for certain many are going early (again).
Source?
I agree, it’s safe to say it will creep up slightly from last year since that wsj article on Jpm and gs is no longer front page.
fall: gs/ms/jpm/baml/barclays
spring: cs/citi
who cares: ubs/db
I know for a fact that gs, ms, jpm, evercore, centerview, baml, barclays, pjt will be in the fall.
Citi, CS, RBC will be late spring into summer.
Spoke to people at each firm.
They did this last year too. Their interview process takes place in June-August, though. I wouldn’t recommend submitting an app until your resume is a bit more robust
I thought you have to apply right when the application opens or you are out of luck?
Last year non-diversity applications opened in July at which point you'll be in your sophomore internship giving you time. If the timeline is more accelerated though, you're better off submitting as soon as possible, especially if you have something for the soph summer lined up already. It's rolling and it's best to jam your foot in the door ASAP. Only situation worth delaying for is to strengthen your network but only if u no abs no one
Let's goooo
PWP 2021 SA kicking off soon
Don't know why im getting MS but I'm friends with analysts there who have discussed an early SA 2021 recruiting cycle.
I heard some rumblings too! When do u think super days will kick off?
Can you get interview with them without networking?
Perella Weinberg Partners right? And could you elaborate on your source
no no, he meant pwp as in professional women photographers
Bump
As someone transferring (starting Sophomore year Fall 2020 at new school), I'm basically screwed for SA huh
Almost every resume drop will be before fall semester
You'll be fine,since you'll be starting there for your sophomore year. Recruiting takes place beginning in the spring of your sophomore year at the earliest, so you'll have a whole semester under your belt. Also, as a current freshman you will recruit for 2022 SA. The only way you're in a less than ideal spot is if you are going for a sophomore diversity program for 2021 summer.
I'm a freshman in my second semester, when do apps open up for sophmore diversity internships?
Anyone have info on EB timelines? EVR, PJT, Moelis, Centerview.
If not, last year's data points would be great too
My first round for pjt (for strategic advisory nyc) last year was 7/2X/2019, rest of ebs were the week after so u can do the math. cvp was September I believe (a partner told me that)
Also I am a complete non target if that helps. Happy to share interview questions from these places if u want to pm me.
Did you end up going to the elite boutiques? And if so how large was your summer analyst class?
those 4 are in fall unless diversity
I'm at H/W, and my PJT RSSG timeline was April/May (coffee chat in late March, phone interview in mid April, and superday(s) in May). 10-12 of the spots were filled by late May. Happy to discuss further.
PJT Strategic Advisory, Evercore recruiting happened during the summer.
Heard the same thing, can attest. How many total spots did they have for rssg last year if u know? Just curious
Good luck guys, don't worry too much about the interviews your peers around you might seem to be getting in abundance during the spring. Outside of Citi/CS, diversity events, and a few EB's, most of your recruiting will happen in the summer/fall.
LB, King. The kids appreciate you. Always dropping positivity into the comments. You're the man.
SBed
a true gent you are, LB.
You are a King, LakerBanker!
Thank you LB!
I coudn't find any diversity events for CS? where did you see that? Is it only for certain schools?
there's a comma you twat
This is 100% incorrect. Some DIVERSITY recruitment takes place in February/April, and as far as I know, only Citi, CS & possibly BMO went early for their core schools. BBs and EBS core school recruiting took place from June-August with most banks kicking off in July. Don't post bad info
rbc went early too but yeah most stuff will absolutely be in fall.
don't be pressured to sign in the spring unless its one of your top choices, because fall will have over 80 percent of recruiting.
Completely agree. I go to a target and, outside diversity, 99% of people I know got their offers in summer and fall. People shouldn’t freak out when spring ends and they haven’t had any luck yet,
With interviews taking place at different times. How long do you have to except an offer if you recruit in the spring? Is it the norm to take the first offer you get or should you generally wait until the fall and see if you land something better?
2 weeks usually and it's up to you.
if you love cs then take them, if you really want jpm then you have to wait till fall.
RW Baird (IB and ER in Milwuakee and Chicago) and Insight Venture Partners (Growth Equity / VC) have opened up as well!
Apparently Citi will be having employees submit referrals at the end of March and Rothschild will be deciding on their timeline at / around end of this week!
My firm (GS/MS/JP) told the incoming full-time analysts that they're starting interviews in March/April and ending June/July
Must be MS right? My GS and JPM interview for SA 2020 were in July
Were you target? or diversity? I know MS superdays went into Sept/Oct
Is this confirmed?
Not really an answer to the question but being from the UK, I’m genuinely stunned at how early SA recruitment begins in the US. I know interviews don’t start in earnest until the summer, but it’s practically a year and a half in advance for an internship.
Are you screwed if you’re a little late to the party/weren’t necessarily sure about IB/what IB was at this stage?
Recruitment has picked up speed and unfortunately this means that one should have an idea about pursuing a career in finance as a freshman in college. It isn't a great for those who are a little late to the party but doesn't mean they still can't secure an internship. However you do miss out on learning opportunities and time to rebound from mistakes during the recruiting process. I envy the international recruitment timelines - they're typically after US.
Happy to chime in on foreigners recruiting for US IB roles (assuming you’re a Brit looking to move to US IB). I managed to get a summer offer last just months before the internship kicked off (non citizen, foreign school, if that helps). As many here have and will attest, networking is key. What helps foreign applications differentiate themselves is where they can clearly articulate what they bring to the table that is demonstrably unique to that of a local candidate. Persistence is key, and never ever listen to anyone who tells you that “if you miss the window you’re out of the running” - rubbish.
Unfortunately, SA2021 has already wrapped up. The spots are always filled long before the applications go up. OP you should be asking when SA2022 kicks off.
I'm not sure if you are trolling, but when OP means 2021 SA they are referring to summer analyst roles in 2021 for students graduating in 2022. They are by no means already filled up. If they are, then I'm def screwed lol
I'm not sure why people are MSing this. I'm 100% sure 2021 SA roles are by no means over.. and 2022 SA (for students graduating in 2023) have most certainly not started....
To the original poster, SA 2021 will be on a bit of a delayed schedule. Most firms will be going in Summer/Fall. You might see some kids getting interviews in spring, but don’t panic as a lot of it will be diversity and the bulk of your recruiting will be happening later. Just keep grinding and things will work out. If you have any more specific questions, feel free to reply and I’ll send you a PM and try to help out the best I can.
Which firms are you aware of that are going to be more delayed this year compared to SA 2020?
I'd love to get your insight into 2021 SA timeline. Thanks!
Hi, I'm relatively late to the game and only decided on IB earlier this month, so am new to WSO too. Would appreciate any advice you could provide regarding which firms' cycles haven't started yet (there is quite a bit of conflicting information re: MM/EBs though I gather Moelis, Baird, Ducera etc. are done) as well as how best to approach the process given my inexperience. I've talked to seniors, read the Vault guide, networked through alum etc. but am always looking for more advice. Thanks!
Such an orignal joke, man. Do better
Indeed it was low tier but still made the new users laugh so it worked
2022? I think you mean 2023
Everyone is going earlier this year. Can confirm that lincoln international will have a superday next month and plans to have a majority of offers given by april. I believe that Baird is in a similar position.
lol no BB is going earlier this year compared to last.
sorry, not every bank. BBs will probably stay the same, but I know for a fact that 3-4 top MM plan to be done in spring to early summer, compared to last year when they were still going strong in sep-oct.
Bro Lincoln recruits really late every year. Superdays wrap up end of October lol
Not this year. Lincoln is moving it WAY up because they have been missing out on the best talent. I know multiple analysts/associates there who have confirmed this
are there SF tech groups that are kicking off in the spring? it seems there's always a couple that run earlier / separate processes from NY
Where is the Guggenheim 2021 SA posted? Couldn't find it on their careers site...
https://guggenheim.wd1.myworkdayjobs.com/en-US/External_Careers_Site/jo…
you are such a nub. If you google "Guggenheim 2021 investment banking summer analyst" there are 99+ links
Ducera Partners (Restructuring) and US Advisors (Tech SF Boutique) - Apps open w/ US Advisors explicitly stating interviews will occur in March
Anyone have any insight on Ducera? I'm mostly interested in exit opps and whether it would be worth recruiting for them early on or waiting for the "better" restructuring groups like HL/PJT/etc. Also can anyone compare Ducera restructuring to Guggenheim Restructuring?
Did you receive an interview?
Ducera is top tier, check out the bios of the guys who started it. Extremely elite shop and very high comp, not 100% sure on the comp statement tho. Only have 2-4 SA spots too based on last year.
A bit late to the party. SA2021 been filled since last year. With any luck, you'll be able to recruit SA2060 and that's a big if
wow i've never heard this joke before. do also have one on target high or middle schools?
I go to a target high school (Think Andover/Hotchkiss/Lebron James Academy)
I just yesterday received an offer from RBC to work in IB after a super early diversity/superday event, it's wild how aggressive they are.
As of now, can confirm
Spring: EVR, Moelis, Citi, CS, RBC
Summer/Fall: GS, MS, JPM, BAML, DB, Centerview
Non HYP ivy.
Is the time you listed for interviews?
Amet autem magni et odio eius unde molestiae enim. Iure qui iure atque dolores quia aliquid placeat. Magnam minima qui autem sed doloremque porro consectetur.
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...
Accusamus quibusdam ipsum aut. Et quasi nobis nulla magnam reprehenderit. Beatae atque aut iste officiis ea.
Natus voluptatibus assumenda reiciendis magni. Ratione aliquam iusto temporibus ipsa excepturi excepturi. Quidem dolorem est aut numquam eum sequi. Dolorum beatae laborum molestiae adipisci qui ullam vel.
Nisi amet illo nisi ut rerum. Maiores et harum et est eligendi architecto. Ratione harum laboriosam et aspernatur fugit est iure. Doloremque recusandae iste et eum minima fugit. Minus quaerat qui aliquam voluptatum quod fugit. Explicabo temporibus illo sapiente rem sit porro est. Numquam porro dolor necessitatibus ea est non.
Nobis et deleniti eaque et. Facere doloremque labore non impedit ad officia. Error consequatur autem reiciendis ipsam. Omnis voluptatem eligendi pariatur ut et. Atque distinctio aut a dolores qui vero officiis voluptate. Quisquam fugit pariatur omnis voluptas iusto ut voluptas. Dolorum voluptas saepe quisquam rem reiciendis.
Iusto atque ea et aut. Et quod error repudiandae distinctio soluta quam magni. Rerum qui nostrum debitis ipsam voluptatum natus tenetur.
Et eos quis ipsum. Non in non veritatis facere et. Consequatur ut minus unde libero consequuntur.
Blanditiis saepe eos temporibus sequi at. Sed voluptatem esse et in quibusdam. Et earum velit harum non debitis dicta placeat omnis. Incidunt debitis qui est ea neque harum.
Ad maiores quam perspiciatis quas omnis voluptatem praesentium. Aperiam magni dicta odit. Maxime molestias error omnis ea consequatur enim.
Est aut et suscipit. Nihil sint pariatur nihil voluptas dicta asperiores.
Architecto eius quis expedita repudiandae optio. Amet omnis magnam sunt inventore sint. Non velit alias omnis. Omnis molestiae ex tempora veritatis at non.
Sequi ad id architecto laborum. Rerum occaecati veritatis aut inventore. Dolor sint quos ut nesciunt cumque. Et vel quae nostrum sunt quia debitis repudiandae.
Impedit nobis consequuntur sit asperiores. Et dolor quisquam temporibus non. Dolor incidunt et repellat ut dolor ipsum quis.
Nemo veniam qui nostrum. Est qui reprehenderit beatae ad dolorem. Voluptas deleniti ut pariatur rem consequatur rerum.