Return To Old Firm vs Re-recruit? - Urgent Help Needed
Hi all, I interned at a LMM / MM boutique bank in NYC / SF this past summer and got a return offer. I'm incredibly grateful for it and it's a tremendous firm to join. However, If I'm being honest, I feel that I could obtain an offer from a better firm given I want to exit into Private Equity down the line, and I'm also an international student.
How feasible would it be to re-recruit in this given market? Thanks!
You've honestly missed the boat on recruiting. If you're a current junior, 2023 SA is all but done, and if you're a senior FT is wrapping up as well. Unless you have heavily networked all summer and have active processes going on, you're not going to have much luck getting into BB/EB/name brand MM this late. International also severely narrows the list as not too many banks sponsor.
You can lateral at 1 year to a bigger bank and then do offcycle PE recruiting if that's your ultimate goal
Thanks for your answer. If I look to lateral in the first few months of my job (1-4 months) - is that possible or frowned upon?
No that's not possible. I'd say 6-8 months is the earliest anyone will even consider you to lateral. 10-12 months you will have the most opportunities for senior analyst spots especially if you want to move upmarket to BB/EB.
Consider yourself lucky, didn’t get a return this summer and FT recruiting is absolutely fucked this year. Not even worth it at this point, you have a much better shot at an upgrade when the market picks up in a year or 2. I interned at a DB/WF/RBC type place and I’m most likely going down market to LMM
Qui est quisquam quod consequatur. Consectetur incidunt maxime itaque in fugiat. Sapiente quis fuga dolorem et.
Rem quaerat esse qui voluptatem dignissimos illo. Quasi sapiente esse sit modi.
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...