FT recruiting, going into senior year

Have a SA offer for this summer but was wondering if it is worth it to attempt to recruit for FT somewhere else. Current SA is right below EBs/BBs so would only target EBs/upper BBs. Semi-target, solid resume, worth it at all in these market conditions? Does anyone have a shot?

Also any help on the timeline would be appreciated. Thanks

Most Helpful

I had done my summer internship at a MM bank in 2022 and successfully lateraled for FT 2023 at an EB. Since the market conditions were pretty bad it was quite tough to re-recruit but you just have to be consistent. As a timeline, my summer internship ended in the first week of August and as soon as I was told that I had the return offer, I immediately started FT recruiting. Basically during the summer internship, I had done all the prep I needed to for interviews, etc and once August started I began to reach out to all the top banks for networking, coffee chats, etc to get on a call and see if they were going to be hiring more FT people. As I said, I reached out to all the top banks BB and EB and luckily I was able to get on call with most of them and make a good first impression. In the end, it was disappointing because almost everyone said that they weren’t hiring anymore and even places where I had networked with 2+ people told me that they couldn’t move ahead because they weren’t adding more FT people. By early September, I finally had interviews lined up with just two EBs and one worked out and I got an offer.

Hopefully this helps. I can’t tell you whether it will be easy or hard for FT 2024 but if you keep at it there will definitely be at least 2-3 top banks with spots open.

Ipsa molestiae consequuntur porro et. Nihil nostrum ab cumque et ex et. Qui iste id aliquam modi voluptates et non.

Fugiat ut voluptas rerum non. Tempora aut quis et rerum quod aut. Sit aspernatur sint temporibus corporis tenetur odio aspernatur.

Earum odio iste voluptas autem officia. Eum impedit eaque soluta qui odio nostrum. Vero ducimus ratione asperiores sunt qui quam exercitationem. Sed quas eum aut sit. Placeat ut maiores nihil id dolorem a. Doloremque pariatur dignissimos qui expedita ut.

Career Advancement Opportunities

September 2023 Investment Banking

  • Lazard Freres (++) 99.6%
  • Jefferies & Company 01 99.1%
  • Lincoln International 01 98.7%
  • William Blair 12 98.2%
  • Financial Technology Partners 02 97.8%

Overall Employee Satisfaction

September 2023 Investment Banking

  • William Blair 04 99.6%
  • Lincoln International 11 99.1%
  • DC Advisory 05 98.7%
  • Canaccord Genuity 17 98.2%
  • Jefferies & Company 04 97.8%

Professional Growth Opportunities

September 2023 Investment Banking

  • Lincoln International 01 99.6%
  • Lazard Freres 17 99.1%
  • Jefferies & Company 02 98.7%
  • Financial Technology Partners 06 98.2%
  • UBS AG 16 97.8%

Total Avg Compensation

September 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (33) $392
  • Associates (160) $261
  • 3rd+ Year Analyst (14) $187
  • 2nd Year Analyst (101) $169
  • 1st Year Analyst (307) $167
  • Intern/Summer Associate (48) $167
  • Intern/Summer Analyst (224) $94
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...”

From 10 rejections to 1 dream investment banking internship

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