How did your MBA Summer Associate Recruiting go?
Now that a lot of offers are being extended (Jan 10 @ 5pm) - how did recruiting go for you? Happy with the results?
Edit: Per LakerBanker's suggestion - it would be helpful to list your tier of school (M7, T15, etc.).
dude. stop posting the same question over and over again. Here's my experience. during banking interviews, they really focused on my undergrad GPA, they wanted undergrad GPA by major, by class, and asked me for my grades coming out of pass/no pass classes too, and asked me to recalculated my GPA on the spot, without a calculator. it sucked. it was the hardest technical question ever.
This thread would be more helpful if people were posting:
T15 MBA. First round interviews with 6 banks and made it to 4 super days. Got one offer from BB in NYC.
Overall offers for my school seem slightly down this year.
Did undergrad gpa come up in any part of the process for any bank? Did you have it listed on your resume? What was your undergrad gpa/GMAT/pre MBA work experience? Did you apply strictly to BB's or would you have settled for boutiques or MM's?
Stop posting the same damn question so many times.
T25 MBA, 5 Superdays, 5 Offers. I was very lucky but put in a lot of work. I think overall offers were down, tough hiring process. My class was overall very successful for the most part.
I am a second year at a M7 heading into a top NY BB. As part of the IB club I tracked IB recruiting data in detail for Class of 20 (intern, FT) and 21 (intern only) in my school. Here's a complete picture for you.
On a macro level, numbers are going down gradually each year, because 1) the industry in total just don't need as many people. That's just a general trend, but at the same time, 2) across all top schools, talent pipelines shrink simultaneously, because way more people now want to recruits for consulting (higher base salary than IB, work few hours, get your weekend, and MBB name carries more prestige than, say, ugh, Moelis/PJT/Evercore because who the f have ever heard of those names). Evidence: across your top finance schools, McKinsey or BCG (sorry Bain) are bound to be the top recruiting firm, pretty much no exception.
Now, in general, as M7 student, you have 80-85% success rate at landing a good IB offer. Here's the insight that I found by cutting the data multiple ways, if you have English-speaking developed economy work experience (this is a key, Ivy league undergrads are the exceptions, they can work in Kenya and still get a shit ton of offers, also women almost always get offers), YOU have 95% plus success rate at landing at one of your top three choices in the US. That special 5% is reserved for people who cannot crack the technicals, or are socially awkward, or assholes who sharpelbow other candidates during recruiting. On the other end of the spectrum, if you DON'T have English-speaking developed economy work experience, your rate is 70%-75%. A lot of people have confidence issue, cultural issue, language issue, dress code issue, body odor issue. Some people say visa is the issue, I disagree, because now all top MBAs offer STEM degrees. The key really comes down to, let me say it again, English-speaking developed economy work experience. One of the Indian candidate I worked with was a brilliant guy. Smart, polite, finance savvy, IIT graduate, but he was soft speaking. He did not get anywhere because he was soft speaking, but got Google and Facebook PM role. Super awesome guy. This is the reality of US IB Associate recruiting. It's more like a fraternity pledging process.
Excellent overview and largely in line with my experience as a first-year. I do agree with everything but one statement: “confidence issue, cultural issue, language issue, dress code issue, body odor issue” are real for some people, but those got hit with reality fast and in some cases did not even get first round interviews. However, at my school at least there were a bunch of folks who were just unlucky and didn’t receive offers despite being technically strong, having proper appearance and a near-native level command of English. It’s just substantially harder for international males, period. STEM or not, a bunch of banks do not consider internationals at all, so the list is smaller to begin with. Then there are banks who officially hire internationals and say so, but unofficially they don’t. Add all that together and there are some people who get unlucky despite not being smelly and quirky. Similarly, while all Americans at my school got offers, many did not get their top (three) choices. It’s a competitive process and I’ve seen HYPSM grads go to MM banks as well (and not by choice).
My point is just that — at least at my school (M7) — the notion on this forum that you just walk into the process and pick your offer is unrealistic. Most people will get an offer, most definitely all American who seriously follow the process will get an offer, but not necessarily at their top choice.
That’s very Shiti of them