Non-Target School becoming a Target in this economy!?
This seems very strange to me as I consider my school to be a complete non-target. Although it is ranked 50-55 in U.S. News, past finance related internship/full-time positions have been for Private Wealth Management, Operations, Risk Management, CFO etc. (aka non-IBD/S&T/Merchant Banking true front office roles)
Recently though I have seen posts on my school's career center website for a Merrill Lynch Equity Research Summer Analyst position, Trading Assistant internship with Chicago Trading Company, Full-Time with Trillium Trading, Summer Brokerage internship with ICAP, boutique Ibanking internship with some regional ibanks etc.
Previously there were never any Research, legitimate prop. trading, boutique ibanking posts at all (neither internship nor full-time). Also, any idea as to why most of the solid opportunities are for internships and not full-time positions?
Could it be that these companies are trying to start a relationship with my school for more "front-office" or better-paying roles, but given the horrible state of the economy, are not looking to hire anyone. Perhaps therefore these companies are advertising for internships only in order to lay the foundation for a future full-time recruiting relationship once the economy recovers.
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