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They are one of the last banks to recruit… they have some openings listed now. They recruit late because they know they cant compete for talent and they are ok bringing in the leftover interns. They do get a lot of applicants because of this so it is still competitive. This may have changed but i believe they do just 1 in person superday and then select.

All this to say… get an internship anywhere else. If it is a last resort.. get the internship but while interning you need to simultaneously recruit elsewhere. Do not take a full time position there. It is incredibly hard to lateral because there is so little deal flow you will never build relevant experience.

They will lie to your face (as they do with all prospects) about how they have grand ambitions and a great culture and opportunities to work on a global team. It’s all BS

 

Analyst class size is insane. Across NYC and Chicago office its 25 people

 

That group is not great for FT. I think they have done 1 m&a deal in the last 5 years (a frozen food co if i remember correctly). Pretty sure they have never been active on an IPO in the US. The platform doesnt (at least they didnt a few years ago) have equity trading in the US and they outsource a lot of work to a broker called Kepler Cheveraux. If Credit Ag is your only option, LevFin is a better bet because they do finance some LBOs. Coverage isnt great either.. a lot of the workload of analysts there would be covered by middle and back office teams at larger banks (kyc, onboarding, credit and annual reviews)

 

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