Is full time/summer analyst for IB over?
Need to know for friend of mine. My firms done, not sure about others. Thoughts?
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Not the best position to be in. Most people at this point have their offers -- for the big names they're done for the most part I believe. Still some MM / lower-BB postings going up so you wouldn't be screwed, but if I were you I would still be applying/networking to hedge my bets. The longer it takes the worse your odds are.
Yeah I’ve been trying to apply and networks and no luck. Got two interviews previously but didn’t get it unfortunately
Are you applying for FT or SA?
FT is more or less done. Maybe a few stragglers opening up one-off positions in their groups if they just got approved for 1 more analyst or something
SA is wrapping up but still some processes ongoing
I would start looking into IB-adjacent jobs - boutique firms, corp banking, big 4 "IB", valuation. Anything you can transfer to IB after a summer or a year.
Yeah full time. Worst case should I stay at my boutique over the summer as an intern?
I would take a corp banking job or something like that over another summer internship. If they were willing to take you on FT then maybe
Why wouldn’t be better to do intern at a boutiques again if I can afford it
Because it potentially puts you in August with no job and no additional year of school to get a FT job... it's next to impossible to get a first job when you've already graduated months ago. If you got BB SA then sure, worth extending grad or doing a masters, but I wouldn't just float past grad with no FT job for a tiny boutique internship
Stuff like the things I listed above will be 1 year in that seat and then you can happily lateral to BB/EB/MM IB, it's a well-trodden path
Whats the difference between the internship if they are willing to take me on post grad?
an internship isn't a guaranteed FT offer. if you are graduating in may 2023 then you will be totally fucked if they decide for whatever reason not to give you an offer after the internship
Some people do internships after they graduate and they got a full time role
dude idk why you're fighting with me on this.. start a new thread and ask if people think you should pursue a FT job in some IB-similar role or a SA at a no name boutique with no guarantee of a FT offer and see what people who actually work in the industry say.
yeah hopefully you get a return offer but it's not for sure. if you don't get an offer you are completely screwed. why not just get a FT job... again, maybe at a BB this calculus works out but a no name boutique is not worth potentially having no job for the chance to intern at
Thought Jeffries was done? One analyst said the summer is already over. I can start in June
Saw that the posting says generalist. Is the entire process actually generalist, or will a specific group contact you if selected for interviews?
I got my SA offer deep into November a few years back. I secured an internship in deal advisory around the same time which took some pressure off. I would leave no stone unturned and hit up every MM, global banks, boutiques, & especially banks frequently reneged on. I started full time this summer and there are analysts in my class who interviewed as late as the spring. It’s not over until you tap out
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