145 Comments
 

Companies yes… seems to be starting later this year as deal flow hasn’t been the best. I’m also talking about full time IB roles

 

I just wanted to let people know that they might have more time than they think so less reason to stress, and I also wanted to create a place for people to post if/when they see full time applications open

 

Talked to BB’s, EB’s, MM’s, obviously every bank won’t start on the same day so there could be some earlier or same later. Hoping for someone else to chime in and get some other perspectives from what other people have heard.

 

So a few people are saying August, but when in August and what banks. Also…. How are we suppose to know when full time apps open? Will the job posting say “2025 Grad hires” or something similar? Or is it word of mouth

 

Most banks won’t actually post the roles. Banks have an internal list of candidates that they like and are most likely to fill roles for any available positions from that list.

August of 2023 only saw Citi exclusively put out “2024 IB analyst” positions on their website. More recently Jefferies has posted openings for 2024 FT gigs. Most roles were filled by word of mouth.

 

Who’s gonna be the first person to get an interview lmao let’s see it

 

What have your guys’ success rate been for networking emails? I’m hearing from my friends going through the process right now that it’s kind of bad with deal flow picking up

 

It’s absolutely atrocious right now, it went from 20% 4 months ago to like 5%

 

NonTargetAsYouCanBe:

It’s absolutely atrocious right now, it went from 20% 4 months ago to like 5%


Facts I was at like 35-40% hit rate between email / linkedin before summer , now its less than 5%

 

I’m wondering what are some other options within the broad definition of business or finance, if the ft IB recruiting was not successful. For example when does transaction advisory or product management full time opens

 

Transaction advisory probably won’t have full-time positions open up. Most of the big 4 firms have had hiring freezes in that service line for the last 2 years or so and wouldn’t bank on spots opening up.

 
Most Helpful

just for reference based on the roles I applied for last year:

- I saw transaction advisory applications open by late fall - early January

- credit rating agencies opened by October

- for product management roles I applied for many of those between October-November but recommend setting up email alerts through APM List to not miss out as the applications came out randomly for some

 

I am genuinely shocked at how SHIT this market is right now. Background on myself: MM sophomore year, low BB junior year (received return offer), semi-target with some solid extracurriculars. I have been getting stone walled left and right, I even spoke to an alumni who's the head of a group at a BB and he told me the FT market is looking rough and that I should be happy where I am for now. 

Best of luck out there.

 

Sounds good, hope you get something. However, your situation is definitely the outlier.

 

Too late and too obvious to delay for SA. Also I've noticed that more places are becoming aware of this strategy.

 

Has anyone heard back from DB or Citi? Any updates on if BofA or Barclays are looking for FT 2025 Analysts? 

 

Honestly really not sure what’s going on with BofA. Had a director pass my resume to HR and they told him they will post applications online if spots are available. Could be my shit resume though.

 

Dang...you should be in then lol. What's crazy is apparently they've already conducted interviews. Idk abt super days but def 1R

 
Funniest

If you’re gonna keep replying to your own comments make it a little less obvious

 

IB lite interview. Pretty easy techs and behavioral. Guessing for FT a case would be involved so would get an understanding on what impacts QoE.

 

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