Hi all, I got to a US Liberal arts college, and recently got interested in applying for SA position in London in BB firms. unfr, Im not that much familiar with the process hence I would appreciate if somebody could kindly shed some light.
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Why do ppl say its hard to land an internship in London if u are from a US school? Ive heard most ppl say that regardless of what your GPA even if its a 4.0 or 3.5 above from a non-target, forget it.
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Does Networking play a crucial role in SA positions in Londons? Some of my friends go to Warwick and LSE in UK, and they dont do the name dropping in CVs that people over here in the US do. The process seems pretty standardized over there in London.
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What are Assessment Centers, and how do these work? A lot of BBs in London seem to be more focused on them.
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Also, since app process for SA positions in London starts early--infact it already has haha--are u at an advantage if u apply early?
It would be great if somebody could kindly help me out with these 4 questions...THANKS A LOT IN ADVANCE!!
It's definitely possible, but from my experience in the recruitment process, most of the Americans I've come across were the usual HYP guys (this is for FT), I didn't see any when I was applying to internships. There are quite a few Americans in analyst roles, but from what I've seen they lateraled after their 1st year. This is just my observations, don't take it as fact.
Not really, everyone goes through the standard online application, whether you're from Oxford or Leeds. However, never discount it, most banks will make space on the application form for any contacts, and I know that's helped me before.
Yep, they're superdays. Basically you have a number of interviews, plus a case study exercise with presentation, a group discussion and a writing exercise (maybe). Usually when you apply online you also have to do a numerical test and they retest you at this stage. This is the basic format, it varies from bank to bank.
Depends on the bank, some review CVs on a rolling basis and some will only review after the deadline. Generally speaking, it's best to apply as early as possible.
It tends to be the HYPS etc who you see sometimes interviewing because I dont think they can be fucked to bring in some non target when they have a huge applicant pool from the UK, unless you are really impressive.
Networking is important for non targets, just because everyone applies the same way does not necessarily mean its easy for a non target. They still need to select a few out of a huge pool and having a rec helps a lot (or has for me in the past)
The second poster has this pretty much right, some bank by bank:
GS: just interviews + numerical test no calc UBS: interview + presentation + numerical test calc + group discussion Barcap: interviews for specific desks (for S&T) JPM: first round - 3 interviews (one on markets/competencies, one on problem solving, one on motivations etc) second round - go to the trading floor and meet with the desks that requested to see you. You can do great in the first round but if no desk wants to interview you then you are screwed.
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