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They take a lot of summers, so there are less spots available for fulltime recruiting. You will also be competing with a lot of the candidates from other top BBs who try to leverage their offers into one at GS.
easier for the summer than for full time. i believe if anything goldman over hires for the summer. they can also dump the excess at the end of the summer. That is why such a large proportion of the summer class has to re-interview for full time positions.
Well, I know they give offers to roughly 70% of the summer class, and about 70% of those accept the offers. So, that leaves 50% of the class empty that needs to be refilled during full time hiring.
While it's true that you'll have to compete with people who interned at other banks who are trying to upgrade to Goldman, from what I've seen, people who intern at Morgan Stanley/Blackstone/Greenhill/Lazard/Evercore don't bother interviewing with Goldman for full-time. So you'll primarily be competing with people from Citi/CS/JPM etc. and thus everyone will be on the same playing field. That said, though, a bunch of people who intern at Citi/CS/JPM etc. just choose to accept their full-time offer and not bother trying to upgrade..why...because they really liked the place they interned at and have already built up the group's confidence in them (also because it's great to go back to senior year with your job plans all settled).
So, I think the competition for full-time positions is only slightly harder than for summer positions.
you are making the assumption (which is wrong) that the summer class and the full time class are the same size...
also there ease of getting an offer varies between regular full time recruiting and accelerated full time recruiting (which happens over the summer)
which is easier? accelerated or regular?
how does that process work?
do accelerated. if you were close to getting an internship or have a friend at the firm helping. They interview you while you're still in NYC or in VERY early september. I signed on 9/14 of my senior year, before I even had my offer from my summer at another ibank
accelerated? could you elaborate more? could you contact HR directly and ask for interview early summer then?
Of course it varies accoring to bank, but some banks have a "Bring A Friend" networking event or some other kind of event where they interview students who are working in NYC, usually at other BBs and MMs. I invited one my friends and he got an offer through that.
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