How to go about re-recruiting for FT

Hi. So I have a question regarding re-recruiting for FT. So I recruited and ended up with a C&IB offer from an international bank this summer (Think MUFG, SMBC, Credit Agricole). From my understanding, I will be in a group that is largely functioning as a corporate banking role rather than an advisory or credit analysis role. The people I talked to there told me I will get very limited modeling experience and I am concerned that this will be a tough lateral for me if I want to re-recruit for more of a traditional IB role for FT. Any guidance would be helpful.

 

Based on the most helpful WSO content, here are some steps and tips for re-recruiting for a full-time (FT) investment banking (IB) role:

  1. Networking:

    • Face-to-Face Meetings: Prioritize in-person meetings over phone calls. People remember you better when they’ve met you in person. Consider investing in networking trips to key cities like New York.
    • Coffee Chats: Line up coffee chats to fill your day. This helps build stronger connections and makes you more memorable.
  2. Targeting Specific Groups:

    • Group-Specific Hiring: Most BBs (bulge brackets) tend to hire group-specific. Stay in touch with HR and analysts within the groups you are interested in. This helps you stay updated on openings and opportunities.
  3. Understanding the Hiring Process:

    • Ad Hoc Hiring: FT hiring is often ad hoc, with no formal process. Banks need to hear back from their summer interns before doing any hiring, so the number of available positions can change frequently.
    • Superdays: Be prepared for multiple superdays on a rolling basis, even for the same group. Stay flexible and ready to interview at short notice.
  4. Leveraging Your Current Position:

    • Experience Level: Communicate your desire to switch to a traditional IB role and be flexible about the experience level you are willing to recruit for. Some groups might recommend recruiting for an A1 (Analyst 1) spot, while others might suggest an A2 (Analyst 2) position.
  5. Highlighting Relevant Experience:

    • Deal Experience: In your FT interviews, be prepared to explain the details of the deals you worked on as an intern and outline your contributions. Demonstrate your financial knowledge and how it would allow you to excel in a traditional IB role.
  6. Staying Informed:

    • Market Conditions: Keep an eye on market conditions and trends. For example, high deal flow and analyst turnover can create more opportunities for FT positions.

By following these steps and staying proactive in your networking and job search, you can improve your chances of successfully re-recruiting for a traditional IB role.

Sources: Q&A: Incoming IB analyst – international student, survived FT recruiting twice…, Q&A: Incoming IB analyst – international student, survived FT recruiting twice…, MSF to IB, Commercial Banking or Corporate Banking?, How to Navigate FT Recruiting: Learn from My Successes/Failures

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

You’re not starting from nothing - that’s important. 
 

Do some light networking and target upwards. After you get a RO, go hard and network like crazy.

MMs and BBs will be looking to fill out their classes, and will most likely have the most space. 
 

Best of luck champ. 

 

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