Investment Banks open to a January start
I decided to create this thread because many students especially international ones graduating in December need to have an earlier start because of emigration requirements. I think it will generally be useful for people, please feel free to comment with suggestions as to banks you know have been flexible in the past. I only know of Jefferies having applications with a January start last year.
Citi allowed me to return the following January after my summer.
Someone I know at Wells also started in January
following
BofA allows a January start.
January, April, July
would those usually be posted application forms or they simply tap their formed pipeline on the shoulder
and what is your success with emailing recruiters (I do not have any)
Why not just chill before the normal date? Unless you need the money I guess.
international students can only have 90 days of unemployment before the job offer starts and after graduation, there is still time but the pressure is always on
Generally speaking, especially under your circumstances, most banks will accommodate early starts when possible.
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Generally it starts with a conversation with HR asking if you're able to start early. You could also ask an analyst / associate on that team if they'd be good with you starting early. If they are supportive then it could be helpful to take their view to HR.
I wouldn't worry too much about asking though. There isn't really a negative outcome other than them saying "no" and having you start with the rest of your analyst class.
Update: There are January start Jefferies roles and BofA posted an application for their LevFin group a week ago.
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I think they will be somewhat at the same level of competitiveness. Fewer applicants but I am sure the no. of spots is also fewer for the Jan start vs. the July start.
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I'm personally only aware of the policy of three companies based on my own experience and the experience of fraternity brothers.
Rothschild NYC (Debt Advisory) and Guggenheim NYC (M&A) were not able to accommodate a January start for their 2020 and 2019 classes respectively. I'm uncertain if Guggenheim still is this way or has changed, seeing that January 2022 will have seen three new classes for them.
Goldman Sachs NYC (ECM) was able to accommodate a January 2020 start.
I think if you relay your situation and have good reason or desire to start in January, then banks will accommodate the situation. I will note that this appears somewhat easier to do at larger companies/BB which most likely have greater capacity and a greater need to hire off-cycle analysts, but this may not the case.
Hey there, on Goldman, would they adjust bonus cycle too or how does that work? I’m in the same boat (ignore title) wanna starting in December at the firm and was wondering if first summer will just be no bonus until following summer which would be 1.5 years later since start date
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