SA Class Sizes
Curious about how many interns BB/EBs take each summer? Including sophomores which I assume are much less than juniors.
Anyone who has any input would be helpful.
Trending Content - Investment Banking Forum
| +462 | Don’t work at UBS - UBS Sucks | 47 | 10h |
| +226 | Should My Intern Get a Return Offer? | 58 | 1d |
| +65 | Getting Laid in IB? | 28 | 1d |
| +62 | Intern keeps sleeping at work - what to tell them | 26 | 15h |
| +56 | F*ck it I'm Going to Med School | 21 | 24m |
| +53 | Incompetent and annoying co-intern | 21 | 6h |
| +51 | Living in greenwich as an analyst? | 9 | 1d |
| +35 | Nauseous every morning for past 3 years in IB, anyone else? | 21 | 16h |
| +35 | Quick Thoughts on CVC AI Sale Process | 6 | 11h |
| +33 | NYC Associate Budget | 13 | 12h |
Career Resources
PWP NY around 15, CVP around 13 cant give numbers for anything else but EB usually 15-20 (greenhill is like 10?)
Not sure about BB
Believe Centerview was 24 this summer.
Greenhill is smaller for SA (5-6) - pretty sure they take 10 total FT between returning summers and lateral hires
7 interns and 10 FT in the NY office
For numbers in primary US offices: CVP/Greenhill/PWP/PJT have small class sizes, typically from 12-20 Evercore/Lazard/Moelis have larger class sizes, usually from 35-50
Hong Kong BBs around 12-18
Wow that's very small
Anybody know about US BBs? I'm guessing 70-80
GS and MS around 50-60 Others around 70-80, maybe even more
Thanks! I assume this is for NYC offices, so FT analyst class sizes are 70-80 for GS/MS? I have read on here GS traditionally gives way less return offers relative to other BBs, but they only have a handful of spots for FT hires after the summer
Rough FT class numbers. I heard MS takes most SAs back but GS takes fewer, but not sure how that translates to SA class size because of laterals
Is this just for IB Division or does this number include all divisions in NYC?
Definitely just IB. I was at a non-IB division last summer and we had 80+
Across the Americas, GS did about 275 last year. About 50 were AFG, about 125 IBD in NYC, and the rest split between mostly SF and Chicago. About 50-60% are headed back for FT. A handful popped into PE. The rest are unemployed or headed to grad school.
that is a huge class. It kind of contradicts with a poster above which says GS/MS take around 50-60 (for NYC). Any idea on why their return rate is so low?
Is the split off between the classes 50/50 between guys and girls?
How many total interns? (Originally Posted: 02/12/2007)
I was thinking, how many summer analysts are there total in all BBs for say this or last summer? Would a guessimate of around 1000 kids total be in the ballpark?
A lot of banks are moving towards a “quota” system with the goal to go towards 50 / 50
is that a joke? it's usually 80/20 haha
I thought analyst classes were usually even in terms of gender??
If you're talking strictly front office, it's at least 1000 across the street.
Goldman alone last summer had around 160 interns in their S&T program. Now add on their Ibanking, Asset Management groups.
Think about Lehman's double session of interns across ibanking/cap markets/etc., and then add on everywhere from Morgan Stanley, JP Morgan, CS, UBS, etc. etc. etc. Even smaller banks had over 100 interns last summer.
I was thinking specifically IBanking. I know that ML for example has 120 interns this summer. Is that a standard number across the street for the BBs?
Number of SAs at each bank (Originally Posted: 05/05/2009)
Anyone know and willing to share the number of SAs this summer in IB at their particular bank?
I'll start JPM around 135.
Any numbers for the London office?
Particularly for EBs/Laz/Roths/top BBs.
BB in London is usually around 30-40 SA class size.
Actually in the 50-70 but depends on year.
That seems low.. My friend at JP had a class of 80 people.
UBS=6
DB, 33
Serious? There's no way the number of DB IBD SA's is that low relative to JPM's class.
That JPM number seems very high, unless that is a global number. I think intern class sizes were down about 50% from last year.
The JPM North America class was pretty big last year, it seemed like there were 80-100 at my SA training session and the SA class had two different sessions / starting date, so presumably you could double this number. Note: this number includes the ER and AM interns.
UBS = 6 has got to be a joke
There are 115 SAs in IB in New York for JPM and 19 others in IB in other cities in the US (Chicago, San Francisco, Dallas, Houston). I have seen the list of all the SAs. It does seem weird though that is so much bigger than DBs class. Any ideas on Citi, GS, and MS?
Its actually 3.
Is still 33% at UBS. Let the games begin!
There were over 100 S&T SA's last year. Somewhere in the vicinity of 200-300 combined S&T/IBD I believe...
Wow, those numbers are huge.
Don't know about NY, but these are numbers i know for HK:
GS: 60 MS: 40 UBS: ~15 DB: 6 CS: 6
There are somewhere between 20-30 SA's in FI S&T at CS in NY as far as I'm aware.
i think jpm's number includes capital markets as well. last year, it was around 175.....and citi was around 80...should be the same this year....
I can vouch for kj101. DB only has 33 SA for this summer. I believe overall (S&T & IBD) there are around a 100 total. That figure includes both analysts and associates.
ibhopeful532:
i think your hk numbers must include S&T SA. ubs only has 6 ibd SA in hk this summer. and GS and MS numbers seem too high for just ibd only.
UBS London 2009:
Total: ~150 IBD ~40 Equities ~20 FICC/DCM ~20 Tech ~35
Just my 2c.
Yes the JPM numbers do include capital markets
ibhopeful, your GS/MS numbers are wrong. Neither have more than 20 in IBD.
don't know about this year but SA classes 06/07 @ GS/MS were always about 110-140.
that's what i thought... GS only gave out ~2 full time offers in ibd hk this year
ibhopeful, do you happen to know how many citi IBD SA's there are in HK this year?
Nope =(
I've heard though that Citi's presence in Asia is basically one of the weakest. One of my superday interviewers actually specifically cited Citi as a prime example of a strong brand screwing up in asia.
I heard from a recruiter that there were about 100 SAs in 2008, and that they planned on recruiting just as many this year. However, this was also mentioned in November '08, prior to all the bad news about UBS.
Does anyone know how many SAs UBS has this year?
IBD SA classes GS/MS Hong Kong are always HUGGEEEEE.
GS/MS are notorious (at least in past years) for getting a lot of SA's but hiring very few for FT.
The other banks generally hire much less (20) and offer rate (back then) were consistently north of 70-75%. I believe (dont quote me on this), GS/MS was something like 25-30%. There was a thread about it a while back.
It's surprising UBS class is down to 6... I think some people must've turned them down in light of the current situation. Last year they had in the mid-teens.
On the other hand, it looks like the people that do have SA positions are well-position for full-time conversion with the economy showing signs of life and the drastically decreased amounts of SA's.
Quite cuirous about the sa class size of JPM HK IB and its return rate over the years, much appreciated!
Yah, MS I know has a ton of relationship hires in HK especially. I've got a friend who's a Soph and she'll be working MS HK solely because her dad is a big wig over there.
Heard on the grapevine: CS IBD (NY/LA/SF/Chicago/Houston) - 60 SAs.
Lazard = 25 total. 16 in NY, 9 in regional offices.
How many does GS and MS have in NY? Is nobody on this site working or interning there?
perhaps nobody on this site working or interning there wants to reveal themselves.
I'm from Northwestern University. I made it to final round for DB Chicago. After I got rejected, I asked politely over the phone just how many summer analysts they took for the Chicago office, and she said two. Definitely looks like the Euro's are cutting back. I'm working at JPM this summer and it looks bleaker than last summer as well.
I think after LondonE1, people are really hesitant due to chances of being outed. Internet anonymity is an important asset. =)
Who cares about being outed? As long as you aren't saying anything stupid (like LondonE1) then it doesn't matter.
If people showed more respect to others on this board then there wouldn't be any need for anonymity. Go to almost any other board and you will see plenty of people revealing their identity.
GSAM here but also prefer being anonymous.
anybody got info on how many full time hires they're planning on making out of these SAs
CS IB London: 34
you guys have some more numbers for banks in London? Especially interested in IBD GS, JPM and MS
thanks!
Heard MS IBD London has 13 interns
CS has about 75 in the US, not sure about abroad but probably something similar.
Barclays has 110
Number of Summer Analyst (Originally Posted: 05/30/2009)
Does anyone know how many summer analysts each bank hired in IBD this year? One of my friends just told me Citi has about 50 summers in banking, but last year there were over 100 summer analysts.
What about some of the other banks like Goldman, MS, etc?
Anyone know about Europe (London excluded), Singapore?
Not too sure about IBD for Singapore but S&T class sizes have been pretty small. 4-8?
Yeah I'm curious about this too. There are thousands of kids trying to get into ibanking at bulge brackets, but how many positions were actually available this year?
This thread covers a lot of your question: http://www.wallstreetoasis.com/forums/number-of-sas-at-each-bank
Number of summer analysts per industry group? (Originally Posted: 11/15/2014)
I know that it often differs amongst banks, but how many summer analysts does your IBD group usually take per summer?
Does anyone know what the conversion rate is for GS NYC interns that are in Asset Management? Is it typically a higher return rate than for IBD?
interested to know the answer to this as well
I'm curious about this too, bump
I'm curious about this too, bump
ui
How many less SAs this summer? (Originally Posted: 01/14/2009)
I was wondering how much recruiting is down for SA this summer. What other students are experiencing at their school? What is the word from within the firm for people currently employed? Is BB recruiting down a lot less whereas smaller firms are only slightly recruiting less?
I go to a school that is a target for 3 or 4 BBs and it seems like all of them are taking about half as many people as they usually do. The smaller banks are just starting interviews and many of them aren't interviewing as many people as they did last year.
i just had an interview with DB recently and they said their intern class this year was going to be a third the size of last year's
jesus...
was this for banking? i heard IBD was going to be 60% of last year
1/3 of last years class is probably for trading because that's where DB is suffering the most right now.
for ib ive heard the class at DB is going to be around 60. I have no idea how that compares to last year.
Last year's intern class at DB was the biggest class ever (global class). This year is obviously going to be worse.
proofreading/editing your work is a big part of being a banker!
Would you think that number of SA's in research would be higher, or is it just as susceptible to cuts as trading and i-banking?
Research has traditionally been the smallest intern class. No use hiring a lot of interns if you are not expecting to hire them after the summer is through.
According to an analyst who works there, last year UBS hired 15 interns into London DCM. This year they've hired 12. IBD numbers are down about 40%, with ECM being the hardest hit.
Just my 2c.
Size of SA classes? (Originally Posted: 02/28/2009)
Does anyone know the size of the SA classes for the BB banks this summer? Is it similar to last year (with fewer offers being given out at the end of the summer) or have the intern classes been cut significantly?
I realize SA classes haven't been finalized, but recruiting should be ending soon.
50 at my MM
Edit: didn't realize OP was asking about BBs/EBs, my b
I think they've cut them to fit the expected FT hiring numbers. I think my bank took about 15 or so in FI S&T this summer, whereas they had around 25 last year (I'm pretty sure about this).
I think on average SA classes are down about 40% from last year, to help reallign the fulltime offer rate with more historic levels, vs. the bad fulltime offer rate last year.
My S&T summer analyst/associate class was 100 people last year (50 FI and 50 equities). About 20 FI and 30 equities interns were given offers and I am pretty sure the SA class this summer could be as much as 50% smaller.
After talking to some seniors at my school compared to the juniors this year, about half as many people got SA stints in IBD this year.
At least down to half if not 40 % or even 30 %. Last year 28 + people got SA from my school. This year it's only 8 so far with 2 returning 4th years.
I know some banks are down to low as 20% of last year, but most places recruiting at my school gave out half the offers they did last year
BB's have gotten smaller (don't know exact percentage). boutiques are thriving in this market (in terms of recruiting talent even though deal flow may not be as great except for prestigious boutiques). boutique hiring numbers are very similar if not greater. BX, LAZ, HLHZ, Moelis have at least very similar numbers from last year.
Restructuring arms recruit even more this year - as expected
historically, which has had larger numbers of SAs and FT analysts, S&T or IBD?
Hi, The team work is great. I am greatly obliged by the effort.
Joe Surveys
spam?
Anyone have any idea on the class sizes in LA/SF for BB/EBs ?
Size of SA classes (Originally Posted: 05/04/2009)
I was just curious of the size of the IBD SA class this summer for IB at the bulge bracket? I'm sure everyone knows their own so I'll start with mine.
I can start with JPM about 135
Is this ER+S/T+IBD+PWM?
Ab dignissimos itaque laudantium rerum dolorem fugiat aut omnis. Et et explicabo consequuntur. Iure rem aut quidem quae. Itaque animi a deserunt nisi.
Sit nihil qui neque et autem consequuntur ab. Recusandae voluptatem error quia voluptas dolorum quia. Est earum aperiam vitae consequatur. Quod earum modi sit molestias ut at. Sint ad enim ipsa nam blanditiis earum commodi. Et iusto veritatis eum nulla quisquam quisquam ipsa.
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...
Voluptatem quo voluptate labore eos. Facere quae aut temporibus dolore non sunt voluptatem.
Qui totam inventore repellendus ducimus et dolores temporibus. Est temporibus est dignissimos. Et deleniti qui odit accusantium voluptates voluptas tempore soluta.
Similique perferendis odit voluptas non quia et. Minima facere totam necessitatibus eius ab minus dolorem. Est aperiam recusandae et a ex sit. Voluptas tempora quisquam quo explicabo veritatis eligendi.
Beatae rerum eos quod quis. Dolorem quae et rerum aliquid. Sed suscipit sequi illum ut aut qui. Laudantium minima qui et. Sed suscipit autem voluptatem omnis rem consequatur ut.
Quae earum non ipsa iure eum dolores ut. Voluptas adipisci voluptatem at velit dolore velit porro. Excepturi autem dolorem id odio quas. Labore nisi dolorem illo cumque. Repellat ea sit ut at dolore asperiores minus non. Et in cupiditate ea hic exercitationem voluptatibus eveniet.
Ut rem vel voluptatem et nihil et quam. Et qui eos suscipit reiciendis est quia vitae. Aut eos qui veritatis necessitatibus quo.
Amet numquam ipsa maiores velit ratione omnis. Quo eaque nobis ut odio in laborum. Ipsum qui eligendi animi facilis. Ut aut qui esse vitae et atque animi.
Quasi exercitationem eaque aut aut non totam explicabo. Est eveniet quaerat et esse laudantium. At beatae consequatur at. Fugiat aperiam dignissimos est beatae dolores sint vel. Nostrum ut fugiat ipsum ratione cupiditate voluptatem deleniti est. Sunt qui delectus id repellendus exercitationem accusantium.
Et dignissimos aliquid ipsa sequi. Nam dolor saepe et perspiciatis.
Expedita dolorem aliquam nobis aut culpa dolorem rem. Distinctio non illum eveniet aperiam reprehenderit eos ut. Ut quod id dolorem pariatur in.
Modi ad aut quo pariatur quas enim ipsam. Sint molestiae reprehenderit necessitatibus eum qui vero. Doloremque quia saepe vel aut quam.
Quisquam non ut eius dicta laudantium ab. Enim hic saepe deleniti tempore rerum molestias rerum. Labore enim itaque distinctio dolore. Sed occaecati nulla sed tenetur natus ipsam.
Alias eum voluptatem et. Dignissimos ut voluptatem minus inventore.
Voluptas fuga quam minus blanditiis dolor praesentium. Culpa quia non et iste. Quo qui ratione reiciendis ad. Minima veritatis ut ipsa possimus et et qui.