2021 SUMMER ANALYST RECRUITING THREAD

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!

 

recruiting timelines have exactly 0 to do with when we host information sessions

 

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

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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.

 

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 ..

 

Guggenheim just opened 2024 summer analyst apps, but they might've finished up already according to my 7th grade brother.

 

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.

 
Controversial

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.

 

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.

 

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'

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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.

 

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.

 

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.

"Markets can stay irrational longer than you can stay solvent."
 

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