London 2023 Progress Megathread

Hi guys,

Surprised no one has made a thread for this year yet, so I thought I'd go ahead and attempt to create a more streamlined thread outlining the stages that firms are at in their recruitment cycles.

 

UPDATED AS OF Nov 22nd, 2022

 

  • Ares - AC's and offers (Secondaries) out (SA)
  • Bain Capital - Recruitment Finished (SA)
  • Baird - Final round interviews (OC)
  • Barclays - Tests (SA)
  • Blackstone - AC's (SA)
  • BofA - AC's and offers out (SA)
  • BNP - Tests (SA), Offers out (FT)
  • Campbell Lutyens - 2nd Round Interviews (SA)
  • Centerview - Interviews and offers out (SA)
  • Citi - Recruitment Finished (SA)
  • CS - AC's and offers out (SA)
  • DB - Recruitment Finished (SA)
  • DC Advisory - Recruitment Finished (SA / FT)
  • Evercore - Recruitment Finished (SA / FT)
  • Gleacher - Recruitment Finished (SA)
  • Greenhill - AC's and offers out (SA)
  • Harris Williams - Interviews (SA / FT)
  • GS - Markets and IBD AC's (SA) / Hiring Freeze IBD (FT)
  • HL CF - AC's and offers out (SA), First Round (FT)
  • HL DA - AC's (FT)
  • HL Rx - AC's (SA), First Round (FT)
  • HSBC - Markets AC's (SA)
  • Jefferies - AC's (SA)
  • JPM - AC's and offers out (SA / FT)
  • Lazard IB - Filled from Spring (SA)
  • Macquarie - HireVue (SA)
  • Mizuho - AC's (SA)
  • Moelis - AC's and offers out (SA) / First Round (FT)
  • MS - AC's (SA)
  • NatWest - Don't apply here.
  • Nomura - AC's (SA)
  • PIMCO - AC's out (SA)
  • Piper Sandler - Interviews (SA)
  • PJT - Recruitment Finished (SA & FT)
  • PWP - Recruitment Finished (SA) / Interviews (OC)
  • Raymond James - Offers out (SA)
  • RBC - AC's and offers out (SA)
  • Rothschild - Recruitment Finished (SA & FT)
  • SocGen - VI (SA)
  • Temasek - Recruitment Finished (SA)
  • UBS - Sonru (SA), AC's and S&T offers out (FT)

 

If you know of any progress, please comment here so we can consolidate them. Feel free to comment on other firms, and I will add them to the thread.

Thanks!

Comments (617)

14d
MU0000, what's your opinion? Comment below:

My personal timeline looking for a SA role in the UK as an International Student

Macquarie IBD: Sonru/VI 15ish October

HSBC IBD: Job Sim 15ish October

Rothschild IBD (Leeds not London): Test 17th October

PIMCO Alts Business Management: got invited for VI yesterday and is due on the 21st of Nov.

RBS/Nat West Markets (I Know): Notified I passed test/VI and may be invited for an AC - 17th October

For everything else I've either been ghosted or denied, I did around 40 applications.

I also wanted to add that I might be able to go back home to Latin America and do a PE RE internship if I don't find anything but it would mostly be portfolio management at a small firm, no deal xp to be gained so I'm going to try and do some networking to force a job here. Am I crazy for preferring a SA here in the UK over it and should I try and secure that?

Most Helpful
  • Intern in IB-M&A
2mo

*This isn't my knowledge of the process, only my personal timeline (for IB/Advisory, 2023 start, LONDON)

GS FT - No response since application (30/08)

Evercore FT - No response since video interview (13/09)

UBS FT - No response since video interview (14/09)

Rothschild FT - No response since assessment feedback (29/09)

Nomura FT - No response since assessment (25/09)

JPM FT - No response since video interview (22/09)

MS SA - No response since assessment (19/09)

Citi SA - No response since application (23/09)

2mo
FinanceBro82, what's your opinion? Comment below:

Had dinner with Evercore recently in one of their UK dinner networking events they held - FT recruiting is pretty much over, two different batches of ACs being held in the next couple of weeks.

  • Intern in IB-M&A
1mo

BX has definitely given out some super days for SA for some of their teams.

Source: I got invited to one.

  • Intern in IB - Gen
1mo

IBD SA? Did you have a phone interview or straight to AC from hirevue (I've heard of both in previous cycles)? If you had a phone interview, when was it?

  • Intern in IB-M&A
1mo

Not at all, recruitment will start to pick up over the next few weeks - particularly for FT positions. I can't speak to the specific strengths of your profile, but it's a numbers game. Apply everywhere, focus on the variables you can control and when and if you do land an interview, make sure that you prepare as if it is the only one you will ever get.

Good luck. Feel free to pm me with any questions, happy to have a chat. 

I hope this helps :)

  • Intern in S&T - Equities
1mo

Anyone got updates on MS or Macquarie FT? They seem to have started their SA recruitment but no word on FT yet

  • Intern in IB-M&A
1mo

I have received this morning HV from Macquarie (Received the test 10 days ago and did it 4 days ago)

  • Intern in PE - LBOs
1mo

Bofa has sent out offers for IBSA

  • Analyst 1 in IB - Gen
1mo

Just received GS SA IBD HireVue. Anyone got insight on the questions?

  • Analyst 1 in IB - Gen
1mo

1 July (the first day they opened applications)

1mo
Anonymous Apple, what's your opinion? Comment below:

Assessment Centre, it's the final stage where applicants do a mix of activities over half a day. Usually consists of an interview, individual presentation and a group exercise

1mo
Anonymous Apple, what's your opinion? Comment below:

Rothschild FT currently in ACs, they're planning to do 3-4, of which at least 1-2 are already done

1mo
Anonymous Apple, what's your opinion? Comment below:

Don't know for certain, but it wouldn't surprise me if it was wrapped up in the next month. Under the impression, they do an AC, see who to take and then do another if they need more people.

  • Intern in IB-M&A
1mo

Source? I know they're only looking for 5/6 more 

  • Intern in PE - LBOs
1mo

Yep - why Baird? Why MM? Why IB? Another behavioural Q I forgot. Despite having a CV with MM IBD/PE experiences, I received a rejection within a week of HV

1mo
tem, what's your opinion? Comment below:

had blackrock accelerator interviews last week, some people have zoom interviews this Thursday for normal analyst applications. haven't heard back from hsbc after job sim nearly a month ago, completed schroders sjt last week, also haven't heard back.

1mo
Patini1, what's your opinion? Comment below:

What was the role for HSBC? They tend to be super slow after job Sim. Received the minimum pass benchmark email just a little over a month after job sim, and then received an invite to AC a few days after. This was for the IBD off-cycle.

  • Intern in PE - LBOs
1mo

From what i understand (IBD SA):

UBS - FT ACs are out but I'm stuck at Sonru for SA

Citi - Some 1st rounds done for SA but for me still at Business Review

Barclays - No News After Tests+VI

Macquarie - Just did Sonru but didn't go that well so expecting a ding

Nomura - seems like ACs are on, for me no news after tests

Only received rejection emails from MS, Baird, Jefferies, HL, Mizuho and Ares

I'm now considering UK SA to be a failure and trying to move ahead with other options, sad I worked towards this goal (internships,etc.) for the past 2-3 years

1mo
DatGuyThere, what's your opinion? Comment below:

In the same boat here :/

I am starting to feel that no matter how much experience or great academic you have, it's just not a great time to be recruiting now.Loads of other candidates have the same profile as you, and the spaces are much more limited.

I've got multiple internships in related fields + IB and have recently branched out to PE, AM, Corp Dev, Consulting, Big4… I think realistically IB FT is just not going to happen for me in 2023.

1mo
Patini1, what's your opinion? Comment below:

Same, stuck on VI for UBS but for FT but seeing that ACs are out and that I didn't really do that well anyways that I've probably been dinged even though I haven't received a rejection email.  I think everyone is on standstill for Barclays, seen no one get ahead after VI. Apparently, they do their ACs later around Dec/Jan times.

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
1mo
Anonymous Monkey, what's your opinion? Comment below:

Apparently some people have had first rounds with Citi. No offers yet from the formal application process as far as I know

  • Prospect in IB-M&A
1mo

what else can we apply to for SA if we're penultimate year and it looks like IB SA isn't working out? anyone got any advice

1mo
Christian Suing, what's your opinion? Comment below:

I worked for a small LMM PE shop once where I met a guy who had worked in Corp M&A for some 2-3 years before being hired as a senior analyst or junior assoc at a T2/T3 bank in their TMT Team (London) where he stayed for some 3-4 years before moving to our LMM PE Shop :) So i guess everything's possible if you're willing to pay the patience game in this industry

  • Prospect in IB-M&A
1mo

Has anyone heard back re: AC after Evercore or UBS video questions?

  • Intern in IB - Restr
1mo

here are some random unstructured thoughts:

well, first question you should ask is if there are any immediate maturity walls - if no immediate maturities and you have enough liquidity to service the debt you're likely okay to do nothing

if your debt have floating coupons and you are barely above water in terms of FCF already, in a low rate environment you can potentially refi and ease the interest expense burden 

if you're dealing with a maturity issue and you can't refi given the current high rates, one option is to go to existing lenders and ask for an A&E (for a consent fee, ofc)

if A&E cannot be reached you might have to consider more serious options (debt for equity swap etc.)

1mo
UgahBonga, what's your opinion? Comment below:

DC Advisory just sent out tests(19th Oct) after phone screening (late Sep/early Oct)

  • Intern in IB - Restr
1mo

I'm convinced that dartmouth partners is the reincarnation of the devil himself - have never worked with such incompetent, arrogant, disorgansied, disinterested group of human beings ever in my entire life

  • Intern in IB - Gen
1mo

Don't be too harsh on yourself. This year sucks. Feels like JPM, UBS, MacCap and other banks put the IB SA processes on hold (probably due to the market situations, layoffs etc.) and even if they continue, classes might be downsized and filled with Spring Interns and diversity hires first...

  • Analyst 1 in IB - Gen
1mo

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1mo
DatGuyThere, what's your opinion? Comment below:

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  • Intern in PE - LBOs
1mo

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1mo
attemptedbanker, what's your opinion? Comment below:

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1mo
DatGuyThere, what's your opinion? Comment below:

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1mo
sntrssc, what's your opinion? Comment below:

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