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M&A process is been underway before the office networking period started, you got dinged they end their process feb8, and will candidates know around 4-6th of february
placement process at these banks is so corrupt
It's interesting that the most technical and culture fit candidates all happen to be alumni...very interesting
As someone who's in the placement process for JPM too, I've been told that the Ivy League kids sign with JPM with the "wink wink" that they'll go to top groups before they sign the offer. So you never really had a chance to begin with.
I've heard the same from CS' Sponsors, LevFin and M&A.
So yeah it's all corrupt horseshit as the other guy said.
Someone who has gone through it, most ivy leagues will end up in m&a, healthcare, media and communications, or sponsors . You may be perfect during the process but they prefer to choose ivy over you
I straight up got ignored by the M&A group (even followed up) at my BB when I emailed them to learn more about them.
I also noticed that other fellow incoming summer analysts already had their groups on their LinkedIn MONTHS before placement took place and guess what? All Ivy.
It's corrupt.
This is interesting - like the ivy kids are already told their groups or the groups already know about them?
I feel like as an ivy kid, I definitely had a much easier time compared to the other interns, but I wasn’t really sure what was happening behind the scenes
If it’s getting close to the end of the first week of group networking and they said they haven’t “started”, I’d assume that you’ve been dinged, though it’s pretty crappy of them to straight up lie to you. As far as I know, most of the top groups have “second rounds” during the second week. I would focus on getting into another group’s second round…
I definitely agree that the target kids have an easier time, but I also think that some of the 'wink wink' group promises is to get certain kids to sign.
I am from a total non-target and got the 'wink wink' from a top group at a top BB only once they found out I also had an offer from CVP/EVR.
Why shouldn't Ivy Leagues get some guarantee that they get a good group?
Because then all of the other kids are signing w the bank under the incorrect assumption they have a shot at those groups…
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