As the title says... IB recruiting is one of the easiest things to do and can be done in a week if you just put your head down and focus. My friend whos from a community college landed a BB summer analyst offer very recently, no nepotism, no bribes, nothing... just pure hardwork and talent. Funny thing is that he learned what finance and IB was just a month ago. WORK SMARTER
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..the hardest thing is getting the interview. It’s not the subject material.
Wrong. There are so many variables to getting that job. Strong internal support, fucking vibe, everything on top of technicals. Not one thing can go wrong for you.
is your friend... Diversity?
Lol recruiting for IB is very hard for non-diverse even at targets... a lot of it just comes down to being a numbers game.
For real. I’m a post grad from a target with ib experience. It hasn’t been easy at all. I’ve come close but haven’t quite closed. I’m a laid off banker.
drop the linkedin
Bro, luck is such a huge factor, it's not even funny. I'm at a target and if I compare incoming SA at GS/MS (supposedly top places) to incoming SA at lower tier BBs (eg Citi/Barc), I can't tell any difference. To the contrary, there are a lot of super high-quality candidates (mostly non-diverse) who got pretty average outcomes, because, you know, luck also plays a huge part in this process.
i chose a lower tier bb for the culture and the connections i made. in another life i would've finished the hirevues but was so lazy lol
Buddy of mine finished a couple of months ago recruiting at an M7 (MBA Summer Associate level). He got himself a decent BB, but he pretty much noted what a shitshow the recruiting was and how random the outcomes were (mainly favoring diverse candidates (people of color, women, vets, etc))
Curious - Would being in an EB to be perceived as a slightly better indicator of smartness/grind?
Are you nuts? The process is so random and so are the outcomes. Everyone acknowledges it.
You can literally get cut by some random analyst because he/she doesn't "vibe" with you (source: analysts handling coffee chats).
Unsure if it’s based on luck, but outcomes from recruiting can be based on random variables
Person A and Person B could be identical twins and have a very strong understanding of the industry and technical aspects, while both having identical and great personalities, but person A could interview with a hardo top bucket analyst who is sleep deprived and person B interviews with a chill associate who has been coasting for weeks.
Interview outcomes from this can be random. Person A could find out they moved forward because the analyst thought he had grit and intelligence but person B was not because he was described as too intense and driven despite the two candidates being the exact same
Well that's pretty much luck...
I think guy above is trying to say it’s just kind of random sometimes. If you look at the example, it could’ve been that person B had gotten the offer and person A could’ve gotten declined
You just don't know how one variable or luck can change your outcome. Howard Marks was rejected by Lehman when he has MBA student at Booth because according to the recruiter the partner at Lehman had a hangover and just out of tiredness/confusion chose the wrong candidate who was not Howard.
MBA recruiting is a whole new level of crapshoot. No kidding.
Let's put aside the enormous advantage that diversity candidates have in the process (HR literally "forcing" associates to fill diversity quotas for invite-only events and for interview slots). I'm an A2A at a BB but this past recruiting cycle I saw firsthand how some first-year associates are randomly picking which candidates to cut out of the process because they had so many (literally).
With this process, it's no wonder that MBA associates are a running joke at top places such as EVR, MS, GS
Question:
Would being seen as driven and intense be a bad thing in this industry? I was dinged by an investment bank and they told me I was “too intense” but otherwise a perfect candidate on paper.
IB recruiting is easy if you know about IB in high school, are decently smart (Software Engineering IQ is definitely not required) and can get in and afford a target school.
This mostly comes down to the family you were born in. I know people who are very smart and got in Ivy League schools but couldn’t afford to go, or people who did not know anyone in the industry. Those people have a much harder time breaking relative to those whose fathers/uncles are in finance despite being equally as smart.
It is not just nepotism either. It is about having a game plan.
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