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...
As someone still looking for 2020 summer this gave me major scaries
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.
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
Moelis starting in March
I heard RBC is the new Goldman Sachs , who can confirm ?
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.
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.
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.
damn already got my first rejection email for 2021
so any updates? obv w corona it’s been quiet but i’m feeling anxious...
Anyone know the MS 2021 Hirevue questions??
Stop asking for hirevue questions - figure it out yourself
.
Okay so say I haven’t applied anywhere yet, and I’m late to the game, where could I apply and actually get my resume seen?
As I'm sure many are studying for technical interviews, you can have your Alexa or Google Home quiz you. I recently added some IB accounting and valuation quizzes that you can use and add to at Grillme (https://grillme.dev/</a">https://grillme.dev/). Video of it: https://youtu.be/vRdBhs-A9Do</a">
. Hope this is helpful for some.Anyone know which banks are still hiring for IB roles? thx