Banks yet to open FT'25
Of the banks which don't have FT postings/no WSO coverage as of 8/28, any idea on potential prospects or if they will open one at all? Any updates would be appreciated. I threw some names off the top of my head which didn't open officially: BofA (full I heard), Guggenheim, Barclays (only Menlo for new grads so far), Macquarie (just opened SA Fall), Baird, RBC, Solomon Partners, Mizuho, Nomura, Greenhill, Allen & Co, HSBC, Rothschild, Lincoln, Stifel, BMO, Rothschild, Scotia, CIBC I'm sure there's been some internal recruiting and that not every bank will have FTs up, but any word on prospective openings?
Bump
You can’t rely on postings to open up for FT recruiting.
You network, network, poke people frequently. Get in the process.
All FT processes I was in last year for IB, I had to apply right before the written offer and after all interviews just to be in the system.
I applied to Nomura earlier this week
Heard that Guggenheim’s process is over and their 2025 class is full
NYC yes, not sure about other locations. They had some RX spots open, but were filled by people who did the generalist internship.
Stifel is full
Source?
MD
RBC is full (at least for NY)
Hi! Do you know if all their summer analysts signed their offer/ what are your resources if you don’t mind me asking? I am someone from regional office and wish to transfer to their New York team. Thank you!!
I networked very hard with them through the summer, and have reconnected with a number of senior people in the past weeks who said they aren't going to run a FT process.
What office are you coming from?
Solomon Partners not expecting to have FT spots open up
I had a superday at Solomon in early August
Bump
Baird is full - almost all interns received offers and accepted
Is MS recruiting? (menlo or nyc)
Bump
Can anyone who went through FT recruiting for 2021 talk abt the impact of rate cut. Like will be see an explosion in openings after the first few cuts later this year? Will there be a second wave of FT?
Not someone who went through FT recruiting in 2021, but having spoken to enough people in this process recently, it seems like the impact of rate cuts will have the most impact on the size of 2026 SA classes and potential full-time spots that would open up after 2025 summer. Still need to see 1-2 quarters of stability post-rate cuts and other macroeconomic factors move before considering expanding headcount at the junior level. Lot of places that took on full or parts of teams from CS and SVB still have a lot of bloat, so that def doesn't help.
Is this for IB or just in general
IB. I'm not raising the white flag and recruiting for consulting just yet.
You know anything regarding S&t?
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