Barclays SA to FT Group Switch
hi! i am an incoming summer analyst at barclays. because i didn't start networking till april, when most of the coverage groups have filled up intern spots, i will be working in a product group this summer. i'm planning to do my best learning and getting a return offer, but was wondering how easy/hard is it to change group for ft? fyi i'm interested in coverage because i'd like to exit to pe
additionally, what's the best ways to increase my chance of switching to coverage? i'm planning to coffee chat people i connected with from my school and during the group placement process who are in coverage. would love to hear from people who've made the switched or who saw friends did the switch at barclays!
thank you so much!
Barclays return offer is generalist. You go through the same placement process again. Get the return offer and you should be in a better position for the group you want for FT
Pretty misleading because most interns return to the same group for full time - especially in coverage. This is because of familiarity in the group. So the only spots in coverage that open up are typically from interns that are not accepting the return offer. Getting coverage for full time is pretty competitive (but definitely not impossible) if you didn’t intern in coverage.
Just kill it this summer and get good reviews and start networking early when it comes to full time placement.
Second this... network hard and try to find out what groups have the most spots and focus on those (i.e. Barc Power is probably not worth chasing even if you know people)
Also make sure everyone in your group really likes you - i.e. make time for coffee with product folks too. After you send networking emails, the first call will be to anyone they know in your old group.
Noted.. understand it’s going to be competitive. How early should I reach out for FT group placement?
Thoughts on Barclays dcm? Looking to be a long term banker
Arguably the strongest product at the bank from a deal flow perspective. Can have sector focus early on because you are aligned to industry verticals. Great culture and leadership at the top. Seniors will take you under their wing, especially if you're looking to advance within the group.
You’ll probably be working in my group (M&A product). Think moving to coverage should be fine. If you are in my team then I’m happy to connect you with VPs in whatever coverage you want to be in and staff you on deals in the same sector so you get to work with the coverage bankers from the sector you are interested in.
Bottom line, do what you want to do and be smart about getting staffed. You’d be surprised on the power of communication and letting your staffers know what you are interested in. All the best
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