Hey y'all,
So here's a question for you full time folks. Do people who join a BB/EB Full-time (i.e. never did SA stint at the bank) have a disadvantage compared to their peers aka do these individuals find themselves on a backfoot in terms of evaluations, group placement, and most importantly PE recruitment? I imagine this might be the case because they haven't potentially had a chance yet to build relationships with 1st/2nd years and senior bankers in the firm during their summer analyst experience.
Any insight is appreciated!
I started FT and didn't summer at my respective bank, and did not find myself to have a harder time than the others that had previously interned. Any disadvantages were level by the end of the first couple weeks after I had got up to speed on the bank's internal systems/processes/standards that the guys who'd interned were already familiar with.
Can't really say relationships were really a factor because only really the analysts and some associates knew the guys who had interned in a meaningful way, and the group had a decent chunk of junior turnover so for the most part everyone was starting on a relatively even playing field from that perspective.
IMHO, yes, but it varies, and generally isn't unsurmountable.
People who summered well in a group generally have a slight edge when starting out, but it obviously evens out over time
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