2027 IB SA General Timeline

I know recruiting is already rolling and some people have accepted offers, others are mid-process, and many haven’t heard back yet. Does anyone know how things progressed last year from here? I know decisions happen continuously, but it’s been hard to tell when the bigger waves of interviews/superdays/rejections usually happen. 

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Accepted an SA offer at a bb last cycle.

Most EBs will wrap up by mid Feb.

Last BB and big MM banks like JEFF RBC WF waves will prob be mid March but after the first 2 waves your odds of converting SDs go down I’d say

After that there’s MM firms like Oppenheimer and some non prestigious boutiques that continue until mid April. Everything falls off after that

In the fall a few banks will open applications to fill a handful of spots. This fall I saw Santander, RJ, Cantor, Citi and Goldman open for a few days (like 2). DB reopened over the summer too. Don’t rely on that tho get your offer asap

 

For 2027 SA, its EBs Mid to Late January, BBs Late January to Early February, top MMs (HL, JEFF, WF) early to mid-February, rest of MMs and DB throughout February and the rest will continue till end of March-early April. Overall, the timeline is actually ridiculous. 

 

Timeline this year honestly feels pretty chaotic, so I’ve been trying to control what I can on the prep side.

One thing that’s helped me is stress‑testing whether I can actually talk through technicals and behaviorals out loud under pressure, not just read guides/threads and feel “prepared” on paper while I wait for apps to move.

I’ve been using a free tool called Minerva (ask-minerva. com) alongside the usual prep. You pick investment banking as the track and then the specific product/industry group you care about, and it runs a live, voice‑based mock interview where you have to walk through your answers while it acts like an interviewer and throws follow‑ups. At the end it breaks down what you did well vs. what was off and if you log in it tracks your sessions over time.

Obviously it doesn’t change the recruiting calendar or make banks move faster, but it’s been useful for making sure that whenever I do get first rounds/superdays in this EBBB/MM → rest-of-street wave, I can actually articulate what I know cleanly when it counts.

 

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