Do you think the same numbers of people are interested in banking jobs as there used to be?
Are the top students still interested in pursuing banking jobs or are more going straight to the buy-side or even to tech jobs? Where are your smarter peers interested in working?
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I’m seeing more people go into banking than before, could be a mix of IB really pays more than any other job out of undergrad, and the fact that IB still provides phenomenal exits
On the exits from IB, still a lot of buyside like PE but you see a lot more tech exits
IB is still one of the highest paying jobs in America. It seems like a lot of people forget that sometimes.
Relatively speaking it seems that qualified banking candidates are in extremely high demand right now, with firms having to go into their pockets to attract/retain. To me that says there are less qualified applicants out there looking to join and stay at banks. Frankly it's a good deal for those of us staying.
Only people that reach out to me for coffee chats now are Hofstra, u of Cincinnati,SUNY some place I've never heard of, central Iowa u etc.
I'm at a mid bb, top group
Anyone at a good school is doing the right thing and staying away from banking
echo this - nothing but shmoes in my DMs these days. But maybe that's because if you went to a target and have a half Dece GPA you're skating into IB anyways
I am just going to break down why this occurs a little more.
1. Your probably getting peppered with requests from non-targets because this is the only way some of these kids would even have an opportunity. I know there was post on here talking about why you need a linkedin and some target kids were unaware that firms wouldn't even post a job to the masses (not saying this is a bad thing, but if you know a job exist and you cant find it networking is the only way.)
2.It does seem like more people are chasing startups, tech, and investor roles straight out of college. Thus leaving some of the seats open to other people. Does that mean these roles are better. Maybe, maybe not but if it pulls lets say 500 qualified banking candidates away from banking that's 500 seats that need to be filled by either low tier target candidates or high tier non targets.
What school did you go to? My BB/EB alumni Base at my target receives emails from basically every person recruiting at the bank 20+ from Jan-May. If you have a semi-visible linkedin you’ll get plenty of emails
I won't comment on my school specifically, but it's a semi-target, and i do get absolutely inundated with emails from undergrads from there, just saying that oddly no other half decent school undergrad kids are in my DMs
See Centerview $200k retention thread
could you link us to that thread?
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