I am currently a junior at a non-target and an incoming summer analyst at a private equity firm in NYC (~$30bn+ AUM). Typically, the firm does not hire right out of undergrad and after talking with some of the associates, there is no formal analyst program––leaving me to pursue full-time opportunities postgrad, hopefully in investment banking and in NY.
Was hoping to get a better idea of the hiring/recruiting timeline for entry-level analyst roles for people who aren't coming in through the summer analyst pipeline. I am targeting BB and EB firms, but am more than open-minded to MM and other types of investment banks. I unfortunately missed the SA cycle for most large i-banks and I know that the recruitment cycle is absurdly early.
I understand the bulk of analysts at BB and EB investment banks arise from their summer analyst classes, but I'm hoping to be able to find a spot left by the SAs who don't get return offers or didn't accept theirs. Thank you in advance for your insights!
In my full-time recruiting experience, the banks went into a full on sprint during the first and second week following return offers. Timeline below:
Of all my networking emails, only one was with a warm connection and the rest were with associates/VPs I found on LinkedIn. Each appreciated that I knew what I wanted and already proved myself by receiving a full time offer. These banks were 1 Top BB (the one I accepted), 3 EBs, and 2 mid BBs. Although, it is worth mentioning these were regional offices in the city I was from, which allowed for me to prove my desire to be there full-time.