Full Time Recruiting
I will be interning at a mega fund's credit arm this summer, and was curious about full time recruiting in case I don't end up working their full time for whatever reason. How difficult will it be securing a full time position at a BB compared to converting a full time through an internship? I plan on beginning my networking efforts soon, and will benefit from being in NYC this summer. Any insights on FT recruiting in general would be appreciated.
Advice for new FT recruits - tale of caution (Originally Posted: 05/27/2013)
My company runs a graduate scheme where we take on 15/20 graduates a year with 3/4 of those working in my department. I came through this scheme myself and so I like to check in on the most recent cohort of grads to see how they are doing and offer any advice I think might be of help to them. Last year my team took on 4 grads, one of whom left very early on to pursue a better opportunity elsewhere. Of the 3 left, we have 2 girls and 1 guy.
The 2 girls are hard working, smart and have excellent attention to detail. They show a great deal of passion in their work which is visible to everyone on our floor. As a result of this everyone is keen to give them projects and delegate work to them.
The guy, unfortunately, is the complete opposite. His work is poor, he lacks attention to detail, his work is sloppy and his attitude is awful. As a result of this no one wants to delegate work to him and there is a strong chance he will be let go because of this.
This guy we hired is a very intelligent guy (target school and great CV), but his problem is that he has been too focused on "exit opps" and day dreaming about moving on to bigger and better things instead of mastering the job he's currently doing. He sees the tasks we give him (spreading financials, doing data entry for research projects, digging through financials on small companies) as being mundane and not worthy of his time. He spends a huge amount of time on Bloomberg looking at things that have no relevance to the current job.
The two girls, on the other hand, are nowhere near as clued in about exit opps or the industry in general. They probably couldn't tell you who David Einhorn is or what Bill Gross thinks of Treasury yields. They are too busy getting on with the job at hand and are fast becoming excellent analysts. It's very likely that with the skills they pick up from this job that they will be in an excellent position to move on to bigger and better things once they decide to do so.