Had an informational call with a IBD VP who was also in charge of intern staffing for his group. I was outright told that they are going to fill every spot in the entire IB division this year from their summer analyst class and was curious if anybody has any evidence this might be wrong. This is a top BB as well, all the more reason it bummed me out :/
Trending Content - Investment Banking Forum
| +196 | Why UBS Is the Worst Place to Start Your IB Career | 32 | 12h |
| +159 | ONLY THESE BANKS OR YOU STRUCK OUT | 39 | 19h |
| +65 | Firm Thinks I'm Lying About Offer | 20 | 18h |
| +58 | Indiana University Fraternity Pipelines | 35 | 9h |
| +40 | Rogo AI | 20 | 6h |
| +40 | Elite Boutique interview questions | 10 | 7h |
| +39 | Stay at Weak Dealflow Team or Lateral? | 12 | 1d |
| +37 | Suspended for a Year | 19 | 2h |
| +23 | 1st Half 2026 (1H26) RX IB & RX Co. Rankings | 16 | 5h |
| +22 | Is there anything worse than having no work? | 8 | 2d |
Career Resources
Why would he be lying to you?
Why the hell would you question what a staffer VP is saying... about staffings. Ridiculous
We are in an industry environment where they are downsizing. Is it really all that implausible that generalist shops(who by definition have a dealflow that moves in sync with general market activity) are not going to be hiring new people when they already have too many to begin with? You might see a few (A1s are cheaper than A3s) but not much.
There are a few boutiques and a few specialty areas that are doing well, but I will say no more out of naked selfíshness. They are recruiting for full time NOW and it is not in my interest to introduce additional competition to those specific firms.
as everyone is saying, why would the guy in charge of recruiting be lying about this??
Now to your original question, it's very common for banks to fill all of their FT spots from the SA pool so nothing surprising there. I will say though that banks can under hire and have to fill up additional FT in the spring if the economy / deal flow has picked up from the summer / fall where they decided on headcount (I think we are really due for a recession so perhaps unlikely but who knows)
Voluptatibus nobis voluptas nam magnam perspiciatis distinctio velit. Qui aut provident ad molestiae aspernatur id. Accusamus ratione dolorem voluptatibus.
Molestias animi veniam aut aperiam et. Distinctio magni sit similique ad quia fugit ipsa assumenda. Ad quae eligendi occaecati cum vero ex. Voluptatem laborum error eaque nam maiores totam cumque. Dignissimos neque enim soluta quas porro sit qui. Minus sed ullam quis minima consequatur aut totam. Excepturi magni ex omnis quam.
Voluptatem aperiam et ad hic voluptate. Corrupti quia cupiditate qui nemo ut. Nam dicta aut repellendus.
Nemo voluptate sint sunt voluptatem laborum fuga assumenda. Temporibus quos accusamus et ut maxime. Quaerat culpa expedita vitae at expedita asperiores quo dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...