3 Comments
 

Based on the most helpful WSO content, here's what you need to know:

  • Recruitment Timing: Generally, IBD (Investment Banking Division) recruitment tends to be more structured and can start earlier than S&T (Sales & Trading) roles. This is evident from the structured process described for IBD recruitment at M7/T15 schools, which involves multiple stages including open-door events, invite-only events, and interview invitations.

  • S&T Recruitment: S&T roles might not follow the same structured timeline as IBD. For example, in the context of transitioning from S&T to IBD, it was mentioned that the process might involve a lot of networking and sometimes even secrecy due to the lack of support from the current team.

  • Current Observations: If your classmates applying to IBD in Hong Kong have already received first-round interviews while those applying to S&T have not heard back, it aligns with the general trend that IBD recruitment can be more predictable and earlier compared to S&T.

In summary, yes, IBD typically recruits before S&T, and the structured nature of IBD recruitment supports this observation.

Sources: 2nd year S&T to IBD Associate -- ask me about S&T, How do banks differentiate among MBA students during IBD recruitment at M7/T15 schools?, S&T Summer Analyst Lateral to IB FT?, https://www.wallstreetoasis.com/forum/investment-banking/lateral-internally-from-st-ft-to-ibd-ft-bb-tips-story-and-advice?customgpt=1, The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Voluptatem autem perferendis non et et illo non rerum. Et maxime provident accusantium praesentium architecto id consectetur. Qui recusandae eius iure in harum aliquam eaque ut. Sed possimus est odio impedit amet atque quam.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”