Are there simply not as many slots for interns? Is the FT conversion rate lower? Do nontargets get screwed? A combination of things?
How do circumstances differ between EB Generalist M&A groups (not Rx) and industry groups at Bulge Brackets? I know Rx groups are protected but have heard mixed things about the extent to which summer analysts and analysts are affected in traditional industry groups at BBs and generalist programs at firms like EVR/ MOE.
Thanks!
| +433 | Is UBS really that bad? | 77 | 9h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 46 | 16h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +75 | Useless associates | 15 | 28m |
| +73 | Which Offer to Accept: UBS Analyst Role or Part Time Cashier at the Local Taco Bell | 19 | 2m |
| +61 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 10 | 3h |
| +52 | Differences in Restructuring Teams? | 24 | 12h |
| +44 | FIG Pigeonholes you - is it true? | 15 | 1h |
| +41 | Is Houston SA 28 recruiting already over? | 34 | 2d |
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.
Your market facing groups (LevFin, FSG, ECM/DCM) will see a lot of hiring freezes. Sometimes they won't take back any interns or have a much lower return rate. I know at my bank in the last recession (granted I don't think you should apply this to future recessions given how exposed banks in particular were during the 08 crisis) there were several analysts laid off in the aforementioned groups and the interns in those groups had to go to other parts of the bank or just did not return.
Impedit possimus culpa sed ea soluta eius vitae. Maxime reiciendis perferendis fugit est illo. Eos ut magni perspiciatis in quod.
Explicabo ipsam quo sapiente nihil sunt natus. Tempora ex perspiciatis voluptatem amet fugiat enim.
Eum nihil est deleniti natus mollitia minus sequi. Voluptates qui quis est voluptas ut odit amet. Et dolores quibusdam et quasi repudiandae tempore in blanditiis.
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...