New-Grad Buysiders Couldn’t Crack IB Recruitment?
I personally know a few who failed IB recruitment, and got a less-prestigious buyside internship—>grad job as an alternative. Of course, most are using IB as leverage to buyside. Quite funny isn’t it. I find that nowadays students typically use buyside freshman/sophmore internships to land junior yr IB, just to get into buyside in a couple more years.
Question: For people who start buyside roles immediately out of undergrad, how many of you failed IB recruitment.
Genuine question lol. I personally hold the belief that buyside is better than IB for context.
what geography r u in
🇨🇦🇨🇦🇨🇦
Bro, it’s cause Canadian IB FT hiring is all nepo, SA is first nepo then whatever remains.
what buyside shops r u referring to then? pensions? MM like torquest? altas? the buy side in toronto is not the promised land, smaller buy side shops don’t pay on par with banking or even close to
Shocker, incoming analyst at Imperial Cap couldnt get into GS/MS Toronto.
Canadian globals are an entry for whose uncle is an MD or whose dad plays golf with the MD.
No matter your skillset, without an in, you're not getting in.
I know a couple BofA hires without that status
same
Know plenty of GS/MS/EVR/BofA/Barclays/Citi that didnt have that status. Its more prevalent at RBC/BMO because these globals are incredibly lean in Toronto so they cant sustain an MD's relative like the NY office.
this is not the case for GS, BofA & MS Toronto just off the top of my head (source is my friends work there with literally zero finance connections lmao). More nepo hires in Big 5 in my experience
Arbitrarily referring to buy and sell side doesn’t do much. Most top candidates go wherever they feel is the best. Average undergrad straight to a good buyside shop is light years ahead of average undergrad to good sellside.
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