Hi everyone, I am a current sophomore looking to break into IB. Let's start a thread with relevant deadlines for 2021 SA. Post BB, MM, and EB application openings for 2021 SA positions. For example, I know Piper Jaffray is opening April 2020 for their 2021 SA class. Best of Luck!
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Wow, I’m going through Superdays still for 2020 and this gets posted already...
Agreed, slow down. There are still banks that are doing 1st round phone screens for 2020.
I
As someone still looking for 2020 summer this gave me major scaries
Hahaha, yeah...
Some firms have already wrapped up SA21 information sessions, so it's not too crazy to start thinking about this.
It might have been tamer, but it was a ton less organized. SA19 (from what I heard) had all the banks moving pretty early. This year was a shitshow of some banks done with their process in February, some over the summer, and some that even now, haven't moved.
SA 2019 recruiting was god awful. Some place were done between february and april. Almost all of them were done by June - July
recruiting timelines have exactly 0 to do with when we host information sessions
I understand that, but if banks are hosting informations sessions it means it's time to start networking and thinking about it.. Not sure why I got so MS for that
Citi, RBC, and Gugg have already done info sessions at my school for SA 2021. But they're coming back in the spring. I doubt the timeline for SA 2021 will be any earlier than SA 2020
I heard next week is 2023 superdays. Be on your guard.
Can also confirm Citi info sessions are already taking place. Citi on campus interviews in the spring.
RBC just opened up their apps......jesus
the application timeline of these banks is becoming worse than med school. here I thought 15 months in advance was bad...
bump
Too soon, by 2030 you'll have to be in high school to apply
The thing that blows my mind is how much my resume/experience improved between the fall and spring of my sophomore year. Banks are shooting themselves in the foot by going this early
This is also not even factoring in the fact that some kids are literally still 18 at the beginning of sophomore year (at least I was lol). This is madness
anyone know what to google/how to find find full-time positions. I know apps for 2021 aren’t out yet but i’d like to be prepared
Bump - I am currently a sophomore looking at IB internships for 2021 summer and just started networking for BB, middle market and some boutique companies. I know that applications are not out yet for most of these and do start in early spring or even January, but does anyone have an idea of specific timeline for these banks? Really would appreciate input.
Are you at a target?
In case anyone's interested, Guggenheim opened their applications
Moelis starting in March
I heard RBC is the new Goldman Sachs , who can confirm ?
Not quite, but they are a lower BB now in the US on par with UBS (though growing faster particularly in M&A)
alot of hate on rbc it appears. i Heard they were definitely ahead of wells fargo and DB, meaning they should be classified as a BB. as UBS and CS are the next two on the block, id say RBC should be close to them ..
RBC and Guggenheim open now
Guggenheim just opened 2024 summer analyst apps, but they might've finished up already according to my 7th grade brother.
Credit Suisse SA 2021 in toronto open
Only Toronto?
All of their apps are open.
Any New Banks open up their 2021 SA positions??
Baird open now
Yes.
Baird opened applications too and phone screens have kicked off as well.
Did you receive one?
Can confirm some dates have been set for phone screens
Would you take an offer from them?
Does anyone have an idea of PWPs recruitment timeline. One of the only firms I am not sure of the timeline of.
Early, usually March-April (Some friends and I interviewed last year)
how is the diversity program in spring if the recruitment is march-aprial
spring for diversity and late summer / fall for non-diversity, hence the feeder diversity programs taking place now
Assuming this is a dumb question, but does non-target recruiting take place after target recruiting?
To my understanding, if you have networked, and you are competitive then no. But if you don't fulfill the above criteria, then yes.
Do you think it's alright for me (non-target) to continue to network and get some more referrals in at these early firms (CS, Citi, RBC) and apply sometime around early/mid-March? Or would that be too late?
An associate at Baird reached out to me for a phone screen last screen; when I ave him possible dates and times to talk he never answered. Someone help me naviagate the situation. I already sent a follow up this morning and have still not received a response.
Are you gonna take an offer from them if you get one?
i would, but right now i cant seem to even get an interview
Just do add some perspective. I have been through 3 recruiting cycles. Sophomore, Junior, and FT. In all three cycles I realized early on that networking was a waste of time. I am a non target with 0 alumni and not a diversity candidate. I was grinding day and night to get on the phone with analysts to MD's that would respond to my emails because after reading this forum 24/7 I was conivced that the word of random internet people had to be the truth. Each phone call I had was just a repeat of each other and would result in someone passing on my resume, giving me a solid no, or telling me they would keep me in mind. No phone call or interaction resulted in an offer or getting me close to an offer but sure as hell prepared me to get offers because I developed the skills to speak with professionals.
After realizing that networking was a waste of time, I focused on my resume and making sure it was better than all of the target school resume's. I participated in any competition that I could qualify for, started studying CFA, taking advanced classes (MSF and MBA) apart from my regular class load, etc.
During Sophomore year recruiting I was focused on networking and did not get an offer at a BB. Did not even get close to a BB offer. Finessed a shitty cold calling/sourcing role for a small boutique but spinned it into something sexy on the resume.
Junior Year recruiting. By this time I had a stellar resume and applied to eveything that I possibly could. I would say my application to interview rate was 4/10 and offer rate was 9/10. Interviews were cake and I ended up flying to London, Zurich, NYC, Miami, etc all the time. Ended up accepting top BB team in NYC.
FT recruiting. Landed several PE interviews again with 0 networking just applying to shit online. Received offer from "ok" MM PE but decided to stay in IBanking but change group. (I am getting my dream MBA paid for by staying!)
Best advice I can give a non-target is do not worry what people say on this forum and do not compare yourself to others. At the end of the day, it does not matter whether you networked or not because if you do not know your technicals, you will not get hired. As simple as that. And for any person still wondering if Networking is worth it, as someone who has been working for a year now and has participated in the recruiting process, HR has more power than us the actual employees. You can have the CEO or MD refer you and pull for you but if HR says " fuck this kid in particular" your recruiting process is over. I have tried to refer so many of my fellow alums or undergrads and I can set them up through our internal portal but HR has final say on who gets interviewed.
Thank you for the insight. Quick question to you. Since recruiting today is so spread out, would you recommend someone to take an offer early although it may not be his first choice?. There is a thread about Baird already starting phone screens. If one's goal is to work at a BB/EB, should the person take the offer from Baird or reject it and keep recruiting?
So the person is you. At the end of the day, once you work in the industry no one cares about ranking but they do care about the quality of your work and the deal exposure you have. Is group ranking related to deal exposure? Yes! but are exit opps limited to those in groups with good deal flow? No! It is down to what YOU want to do and what YOU want to accomplish. People think that if you IB you automatically get into PE. That is completely false. You only get into PE if you are in a handful of IB teams.
If you interview with a firm and love the vibe, the culture, the people, etc. Take the job! Why would you risk something you have for certain that you like for something that you do not have and may not like? Objectively speaking, there is more downside than upside.
Follow what YOU want to do, where YOU want to go, and what YOU think you should do. The same way you grinded for an IB job, you need to grind for a PE job or whatever exit you are looking for. Do not go to WSO to ask for career advice and base your decision on what people on this forum say. It is down to the individual to make decisions and if YOU think those decisions are in YOUR best interest then CONGRATULATIONS, you made it.
Can you name a few key technicals to master for intern positions?
Anyone can pick up a WSO guide and memorize answers. At the end of the day, anyone can master technicals through repetition. To truly stand out or differentiate yourself you need to not only know the technicals but actually understand them. Develop opinions on why things occur and what is the driver for them occuring. Think on a bigger scale and connect the dots from a macro point of view. Everything is connected, it is down to you to find out how.
Bump
so what top BB are you at that's paying your dream MBA as an An1? None of them do this, they'll just promote you directly to Associate. edit: some might based on the reply, but for IB it would still be uncommon to go to MBA over Associate
and who was flying you to london and zurich? (NYC sure, Miami there's not a ton of IB/PE presence but I'm sure your spring break there was fun)
Improving resume is a good recommendation but don't try and say you're the Recruiting God living the DREAM LIFE because you got very lucky applying en masse. 99% of non targets get in via networking and it'
GS and CS have MBA sponsorship programs AFAIK
Happy to answer but for obvious reasons wont go into too much detail. I completely understand where your skepticism comes from. I too would question what I posted if it was some random internet person.
I was born in Paris and moved to the U.S for Highschool and University. I speak Good enough English, fluent French, and little bit of Italian. Because of the EU passport I was able to get interviews, attend assessment centres, and get offers. I am in no way a wealthy person or have a wealth family. I would consider myself middle class with most of my family working slightly above average jobs. Having the E.U passport really set me apart every step of the way.
I am in no ways the recruiting God. Truth be told, hard work is 40% of the formula to success and 60% is luck, being in the right place at the right time, and catching people in a good mood. If it were not for this site and its resources I would not have had success.
For the MBA question, my firm does an internal manager/training program where you do 2-4 years first and then they send you to do an MBA in the city in which you are in. I do not see myself working in IB for the longterm and want to work in government/policy/economics/finances. The team I was moved to is in the same city as the MBA program I could HYPOTHETICALLY go to assuming I do well in the next year and is known for producing good students for government roles so it is my dream school. Frankly, I have even thought of doing a Masters and PhD in Econ.
what did your strong resume look like junior year?
Near pefect GPA. PLacing well in competitions, conferences, conducting research with professors, certifications like CFA. I did everything and anything to make me stand out.
what did your strong resume look like junior year
the online application window for Moelis is February 28 to April 25
I assume you were in the call today?
yep
Is May early to sign an offer compared to other banks?
I would sign to Moelis if they gave me an offer. I’d cancel the rest of my superdays if I had any lol. they kinda gave hope to nontargets earlier on the call too which was cool
If you got an offer early, you could use it to "leverage" offers from other banks by negotiating with them to give you earlier interviews
Evercore restructuring for NY and M&A for different industry groups in every city opened up
duetsche too if anyone even cares
did they list IB as Corporate Finance?
Lazard opened applications
Any idea of Jefferies timeline?
Didnt they do sep last yr
I have been told expect them to open late spring (think april)
Source?
Does anyone know the timeline for Rothschild? In their website, it states spring.
Seems like a majority of these players are moving earlier than last year.. I guess we'll see if the BB's end up doing the same?
Should we be sending apps in as soon as they open? Then be hopping on some networking calls after already submitting?
Current Soph here in same position. Got advice from a lot of people to network beforehand and get those referrals confirmed, but to also send in apps at a decent date (so not late enough where it's day before it's due but not extremely early where you have no time to network). Definitely need some more insight on this
Does anyone know when Citi's last round of Superdays are in Spring/summer
Bump anyone have an idea of Citi's superday timeline for non-diversity
Do a lot of you have prior financial experience before applying to IB? If so, was it WM/IB/HF/PE etc.
I'm a sophomore and I have PWM at Jefferies, and Credit Risk at JP Morgan
Is that for your freshman and sophomore summer or were those both in your freshman summer? And impressive.
damn already got my first rejection email for 2021
Lmao what? What bank?
bump
Same
hahaha fuckkk, I'm scared now
which bank?
Has anyone been able to submit an application to RBC? I've been trying for several days and it keeps saying they're having technical difficulties.
They keep pushing the deadline back, so they might just be trying to push back the entire process.
Noticed they pushed it back from March 1st to March 16th. Any insight on this?
how prepared is everyone for technical questions? Should I be cramming right now or is it okay to study during the summer?
I'd start around May, doubt there will be any technical interviews before then...
There's definitely first rounds happening in March, May is way too late to start preparing for technicals
I wouldn't say you need to be cramming now, but I would definitely allocate 3-5 hours each week starting now. It takes time for the information to "soak" into you, and the more prepared you are, the better you'll come off in interviews...more polished.
Moelis opened
I have a super day with RBC next Friday
Diversity I suppose?
Yes diversity . However, after 2- 3 weeks the non diversity super day should start according to what I heard.
Just received an offer from RBC yesterday for IB, had a full diversity and superday combo event.
Holy shit, congrats! Are you going to take it?
I'm thinking so, though not a BB, RBC is growing pretty solidly in the area I want to work in and I get first choice to what group I want considering I was offered so early which is a huge plus.
why is it so quiet in here
Probably Coronavirus
Anybody who applied to DB also get an invitation to take an online judgement test?
Yup.
is it required
You applied to DB early bc diversity right?
Nope, just applied regularly through their online app
BAML is confirmed for July 1st
any info on jpm and ms?
Interviews? And source?
Source?
hr
Was part of one of their workshops and HR said that things should start on July 1st. Not sure about other BBs tho
Same for sophomore analyst?
Can confirm July 1 BAML; Phone Screen / Hirevue —> Superday
Had call w/ recruiter (target school kid)
Anyone heard back from Rothschild?
anyone know Qatalyst's timeline?
Apps were due Sunday, first rounds starting soon, 3-5 phone calls then super day but tbh not sure on timeline because of COVID-19, things are changing
thanks! where were apps due?
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