Hi,
Does anyone have experience with an accelerated interview with any of these banks (or other firms that recruit in the summer/fall) due to an exploding offer?
I'm a current sophomore that is trying to figure out how to navigate this staggering recruiting season.
Thanks!
| +197 | Americas M&A League Table Q2 Updated | 79 | 1h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 21h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +101 | IB Net Worth / Savings Check | 47 | 9h |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 11h |
| +77 | Stop sleeping on UBS - it’s pretty good | 26 | 16m |
| +51 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 22h |
| +28 | Summer before college | 17 | 11h |
| +27 | Hardest interview experiences? | 16 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
GS/JPM will not accelerate you not matter what. There is strict company policy stemming from seniors and I know for a fact that the recruiting teams have met to discuss this issue. I faced the same dilemma when I recruited, as it was even more staggered than it was now. You either risk it and wait, or you play it safe and sign the first offer you get. There really is no "strategy" here to navigate the recruiting season. It is what it is.
Source: Incoming analyst at GS/JPM and campus ambassador at target
That's very unfortunate. Thanks for the insight!
I heard people say you can always renege if you get something better.
I heard if GS/JPM finds out that you renege they might withdraw your offer?
I don’t think jp cares.
jpm will rescind your offer if they find out you reneged
https://careers.jpmorgan.com/us/en/advice/faqs
What about diversity recruiting / Goldman's spring undergraduate camp participants
Thank you for the input. As an ambassador, do you know what the timeline for recruitment will be, as someone who is trying to strategize for summer recruitment and doesn't want too much overlap with interviews and 2020 summer internship. Thank you.
Late summer. Diversity and non-diversity candidates attend the same superday timelines. I don't see any concern for overlap as superdays will be virtual.
Can I ask which type of firm you currently have an offer from? For Instance, it one of Citi/CS/RBC? Or, is it one of the MM firms?
I don't have an offer yet. I just wanted to see if I should wait for summer to recruit or just play it safe.
Is JP and GS going to be doing on campus recruiting, or they done with that?
I think they are just doing info sessions right now
I heard GS/JPM/MS are recruiting in the fall, but it seems like they are already doing info sessions and potentially first rounds in late spring/summer for target schools? Is the recruitment in fall for only non-targets?
MS is doing everything in the spring I think, GS doesn't do anything until July, idk about JPM
source?
Nah GS is doing a lot of events at our school near the end of march
ms will open apps in spring but recruit in summer/fall, gs/jpm will recruit in fall
info sessions yes. first rounds no.
first round at GS is literally a hirevue.
source? Are you saying first rounds are in fall?
Does anyone have a timeline for GS, MS, JPM for non-target/non-diversity?
It's important to know everything about the industry try getting a subscription with the economist here is a link economist.com/ev5 that will get you the first 12 weeks for $12 and another link for economist.com/TNEV5 a 51 week digital subscription.
Bump does anyone have an updated timeline for 2021 Goldman, JPM and MS recruitment and interviews?
.
MS was supposed to open up today, but I can't find an application link. Anybody having any luck?
bump
Goldman is supposed to be in the summer
Do you know if it kicks off first half of summer or second half? Didnt want it to conflict with my sophomore internship
July 1 is when they open the application but would advise to fill out ASAP afterwards
Morgan Stanley is supposed to open mid-late April and applications won't be looked at until applications are closed
Edit: not sure why I got MS, but this is according to an analyst who spoke to HR this mornin
this is true lol
Summer 2021 is already filled up for GS/MS/JPM.
You were a bit late with your post.
Where in the world is this coming from?
Good chance that 2020 summer's will do their internship onsite for 2021. So the slots are already filled.
lmao the one funny boi who cries wolf every recruitment season
Bump
I had experience with this when I was recruiting for my SA position-
I got an exploding offer from a top MM shop (HL/Blair/Baird/etc) as I was interviewing with MS. I got a super day invite from MS but it was after my MM offer expired. I explained the situation to my MS interviewer (he followed up with me after I got the superday invite, I mentioned the offer), and he said he would try to figure it out with HR. However, he told me a few days later there was nothing HR could do because they didn't have superdays set up, so my options were either accept the MM offer or turn it down and hope for MS. I'm a risk averse person, so I accepted the MM offer.
I got the return offer from my MM and intended on at least shopping it a little for FT recruiting, but once again the deadlines were pretty quick. The return offer was exploding and MS (and other places) process didn't move fast enough, so I took the MM offer.
Now here I am as an analyst considering trying to lateral out of the same MM, so interpret this story as you will. On one hand, I might have 'settled', in that I probably had a good chance at a more prestigious bank (either as an SA or during FT recruiting). On the other hand, my lateral situation is looking pretty good and I think I'll be able to get a 'better' position if I decide I want one, and I have a banking job that I like at a solid firm. In my opinion, the current situation (feeling like I settled) is about a million times better than potentially ending up with no offer, and I would forever regret turning down the offer I had if I tried to recruit to go for MS and failed.
A final note- absolutely never renege. I've heard too many stories from kids at my school and others in the industry of horror stories. The risk just isn't worth it.
Can you share why you're looking to lateral when you're already at a top MM? I've heard normally heard positive things about the top MMs in term of culture, compensation, and deal flow.
Anyone know if GS/MS/JPM have ever expedited the interview process for applications who have exploding offers before application portals open?
Tried to accelerate the first two, but didn't work for MS and I think they're against reneging, GS called to tell me they wouldn't mind me recruiting for SA even after I've accepted the offer (aka renege) and JPM also probably doesn't care
Did this happen during this recruiting cycle? Did you talk to HR or a contact?
same situation, ended up accepting the original offer I had. are you considering continuing to recruit for GS as I know hirevues for IBD are out?
anyone have an update on timeline for JPM? I heard GS is in July and MS is in summer to fall.
MS is open but apps will not be reviewed until after July 27 (non-rolling). Have given out offers to accelerated already (can't confirm if this is still ongoing tbh) JPM is open and has an accelerated process – the accelerated process has superdays in July (can confirm as I'm in it), not sure about regular but I assume in August as that was the case last year and they told me accelerated candidates have supers in July. Either way, I would still apply ASAP. GS opens July 1. Some other threads say that they've received an accelerated process, which is new this year.
How many interns does JPM and GS take for IBD?
Not sure about JPM, but I think GS is a large amount - like 500.
Keep in mind though, they boast a 2% acceptance rate because they have like 20k+ people apply.
500? are you crazy
Magnam est dolor molestiae commodi. Blanditiis repellendus iure sint architecto.
Corporis id tenetur nulla quam. Quibusdam voluptatem cum pariatur explicabo molestiae deleniti. Id corporis atque porro ea. Doloremque eum ratione nulla qui. Eligendi repellendus quia fugit praesentium sed laborum et molestias. Expedita sed voluptatem officiis repudiandae veritatis harum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quibusdam vero incidunt nisi praesentium exercitationem eum quia. Earum dicta consectetur sunt autem molestias. Consequuntur facere sit earum dolor placeat. Pariatur nostrum aut ut est. Et sunt inventore et tempora.
Odit animi et aspernatur accusamus dolorum. Qui et alias dicta voluptatibus sit dolores. In ducimus quisquam quas a. Possimus unde harum ea modi. Fugit eveniet labore veniam sint mollitia officia ipsum.
Aut molestiae impedit temporibus rem omnis. Maxime enim ullam sint cupiditate dolor corporis. Aut sit voluptatem voluptatem odit eligendi assumenda. Accusamus excepturi et officia et. Nobis et eligendi qui beatae consequatur consequuntur a. Sit necessitatibus atque doloremque dolor distinctio soluta ratione culpa.