MM SA Internship --> Rerecruit for Full-time?

Based on the most helpful WSO content, here are some insights and strategies for your situation:

1. Timing for Networking and Recruiting:

   • Before the Internship: Some users suggest starting early, around 3-9 weeks before your internship begins. This allows you to build quality connections without explicitly mentioning FT recruiting.
   • During the Internship: It's generally advised to wait until the first few weeks of your SA before starting to network for FT positions. This helps avoid the impression that you're not giving your current group a fair chance.

2. Networking Strategy:

   • Reconnect with Previous Contacts: If you have any connections from your SA recruiting process, it’s beneficial to reconnect with them.
   • Develop New Connections: Focus on developing new relationships with analysts and associates in groups you haven't previously recruited with. This can be done through cold emails and informational interviews.
   • Cold Emails: When crafting cold emails, avoid mentioning FT recruiting directly. Instead, express genuine interest in learning about their experiences and the firm.

3. Managing Networking During the Internship:

   • Discreet Networking: If you need to take calls or meet contacts during work hours, try to schedule them during lunch breaks or other downtimes to avoid raising any flags.
   • Different Cities: Networking with bankers in different cities can be done effectively through phone calls and virtual meetings. While there might be a slight disadvantage compared to in-person networking, it’s still a viable option.

4. Decision Time for Return Offers:

   • Return Offer Timeline: Typically, you will have a few weeks to decide whether to accept a return offer. This period can vary by firm, but it’s usually enough time to gauge other opportunities.

5. General Advice:

   • Focus on Performance: Ensure you perform well during your SA to secure a return offer, as this will give you leverage when networking for FT positions.
   • Be Strategic: Plan your networking and recruiting efforts carefully to avoid any negative perceptions from your current employer.

By following these strategies, you can effectively navigate the transition from a middle market bank to an elite boutique or bulge bracket firm for a full-time position. Good luck!

Sources: How to Approach 2020 SA Recruiting as a Junior Transfer to a Target, FT Recruiting after SA Advice, Networking and timeline for 2023 FT IBD recruiting, Networking and timeline for 2023 FT IBD recruiting, My FT Recruiting Process