Hi,
I am set to finish my a Masters in Finance (UK) next year with an internship in the Corporate Banking division at an MM in my pocket. From what I have heard, full time/graduate recruiting for banks are incredibly competitive (esp for IBD). I was wondering what my chances are and if anyone here has had any success from a similar position to myself. Corporate banking at the MM did sit within investment banking division so i guess that something I can point out in interviews for 'Why Investment Banking?'. I did no modelling which I suspect will be the biggest barrier, but have some modelling experience through my degree and other work experiences.
Any thoughts would be much appreciated :)
Hundreds of people get in IB in London after a Masters degree. But if you don't have prior experience in IB you should target Summer or Offcycle internships instead of FT roles.
Also it really depends on your school, your chances are obviously not the same if you come from Oxbridge/LSE or a random uni.
Around when does the off-cycle recruitment usually begin? And do banks usually recuit graduates for summer internships? My uni is also considered a non target.
2022 offcycle and summer recruiting will begin around August - September 2021
If you come from a non target it will be very difficult (but not impossible) to break into BB or EB. Intense networking might help. But you should rather focus your efforts on MM banks and boutiques. One thing you can try is to ask your former team in corporate banking if they can help you to get hired in the IB division of the bank
I will give the off-cycles a try this year, thank you. Do you know what the conversion rate is from off cycle to FT? Also, is it considered rude to ask the team to help me move to another area of the bank? Any tips on how to approach this talk with them?
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