LBS Placement for Class of 24’
Anyone care to comment on the placement of the 2024’ MFA class? Given the slump in hiring in London were they still able to place graduates as highly as they usually do?
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Very tough recruitment cycle now. As of january only ~30% were holding offers (mostly either summer or return offers, and a few off cycles). Now maybe ~50% with 2.5 months till graduation.
Placements for BB IBD are mostly for HK rather than london (99% of them are students from china).
Placements for IBD london (more so BB) are not good: mostly european language speakers, females, or URM. PE/GE even less. No one got GS/JPM IBD SA in London (although there’s a few returns for both). One in MS and a few in UBS IBD London tho.
But good placements can be seen for other sectors, such as private credit, equity research, private banking, asset management, secondaries, and even commodity trading.
For now, very few has received non-return FT offers.
Market has been extremely competitive.
Would you say that students with prior relevant work experience in IB/PE still placed well or was it hard even for them?
Work experience helps but what moved the needle this cycle was fit, European language ability, or profile (female/URM), especially for BB IBD.
Other than a few notorious EBs, most banks/firms focused much more on fit than technicals in this cycle.
Also, many successfully networked and had dozens of coffee chats to secure referrals/first rounds (especially in boutiques).
Most in the class have really good experience already (1-2 IB/PE exp) and still didn’t manage to secure offers or even first round interviews.
Some even have prior BB IB London experience/Oxbridge undergrad and haven’t received offers.
Does anybody knows how this outcome compares to HEC MIF class of 2024 placement so far?
Better than OP. Approx 20 students to GS/JPM/MS, some more to HL/PJT/PWP/CVP. Very tough year.
Could you please shed some light on the private credit and asset management offers? Purely on what firms hired? Thanks
So far ares (~5 hires), bx cred, gs am, jp am. And a lot of boutiques
7 of them are in BofA summer IBK? (I am doing summer at BofA London)
how many years is the LBS program, 2 years? are masters at LSE/Oxb/etc. only 1 year?
One year at UCL
LBS is 12 months with an optional fourth term after summer that makes the programme 16 months.
LSE and Oxbridge are 9 months/1 year
do you have to pay more for that last semester?
LBS is also 9 months
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