FIG Recruiting
I’m very interested in working within FIG and have noticed that many boutiques seem to run more informal or off-cycle recruiting processes compared to bulge brackets. For those who have gone through these processes or helped run them, I’d appreciate any insight into typical timelines, how early outreach matters, and what the process actually looks like.
Additionally, if anyone has recommendations on how best to prepare specifically for FIG/insurance-oriented groups - technical topics, reading materials, or resources that were particularly helpful, I'd be extremely grateful
when you mean informal/offcycle processes do you mean for new grads? All experienced hire recruiting is basically adhoc offcycle and plenty of bulges hire as well(JPM the most). FIG has probably been one of the hottest industries from recruiting standpoint this year so plenty of places hiring. Don’t think process differs from other lateral interviews
If you don’t work in FIG(balance sheet side preferably) though, difficulty becomes a lot hire as most laterals at the associate+ level will all come from other FIG banks who are trying to jump to a better platform. Start w/ red book and m&i fig depending on if this is a very junior role, then db banks primer, UBS FIG new entrants primer, and the m&i YouTube banks modeling course if this is a more experienced role
I'm a student and more looking at it from the perspective of recruiting for boutiques like Ardea and Broadhaven, where there isn't much info on their direct timeline.
Ardea should’ve opened already and don’t think they offcycle in US, they lock up ppl in jan and that’s it for their SA recruitment
Thank you, I submitted a few days after their app went live, and I'm just hoping I can get more into their process but wasn't sure what their timeline seemed to be
Hi I did FIG
Get your technicals in line and understand the big macro picture
FIG is driven by CET1 and in turn, RWA on the BS
A lot of politics as well that you can tie into your bigger macro picture and how that plays in the M&A market
My interviews were driven on these points but otherwise, try to be social as a lot of FIG people can be very, er... nerdy (at least that's what I found).
Hope this helps :)
Thank you, I'm very much one of the nerdy FIG kids and have enjoyed talking to them. In particular, I was wondering if you had further advice on how to touch on politics without going to far, as in general I've avoided it in my outlook.
Look at the US for example: there was an article that linked rising bank stocks due to deregulation.
A lot of deregulation = more lending = more NII = better RoE = better share price
Damodaran has a great video on the "excess return model" -- a fantastic and simple way to look at a financial institution
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