Summer 2020 Recruiting Has Started.. (See Attached)
I applied to a certain bank for SA19 in June. It's now only two months later, and I've just applied to their SA 2020.
Am I reading this wrong or am I misunderstanding the app? This is pretty retarded - I applied just in case.
RBC?
RBC has postings about 2020 SA up, BlackRock is also already posting about their 2020 SA too
At this rate soon fetuses are gonna update their LinkedIn titles to "Incoming Investment Banking Summer Analyst"
Maternity Wards are gonna have OCR, so you better get born into a target hospital (think St. Jude’s)
"Target Hospital" ...someone give this mana drink LMAOOOOOO
heard next month 2021 SA apps are opening up
Just absolutely crazy!
does this mean RBC is done for 2019?
you mean done for 2019SA?
yeah sorry edited. do you have any info?
Spoke to MD weeks ago, 2019 SA finished in May
That's just false - there were superdays in July lol
From what I understand, process is still ongoing, at least for target schools
This is crazy. Is it worth waiting to apply to get networking in/OCR events?
Can anyone lend any insight into if us class of 2021 folks should go ahead and apply now or wait a bit?? I’ve applied to sophomore 2020 programs (with no luck yet) but feel my app/resume is ready.
I can't see general SA 2020 recruiting starting this early, kids have barely finished their freshman summer internships (if they had one at all) and most won't be securing sophomore positions until later in the fall/spring. How is this going to work?
delete
if sophomores start getting junior internship offers before their sophomore internship offer, will they even bother do a sophomore internship anymore going forward?
this ^^
This is very interesting its like the process is moving backward in a sense for individual development
This is insane...
Just bc there’s one app online for summer 2020 doesn’t mean the whole process has already started.. although it could cause other firms to follow suit
This is insane....
It is ridiculous. In most cases, the kid won't have even taken a finance class yet. Virtually all the schools that have a b school admission process (with b schools tarting junior yr - which is many of the really good ones - not all, but many) the kids are simply knocking our core requirements. A lot of finance clubs open up to sophomores so essentially the process is asking a rising sophomore (no accounting, no finance, no business classes, no finance club, virtually no chance to network as they've just gotten used to college, to try to secure an internship for two summers ahead without having any insight into the industry. Complete joke.
Interesting that consulting hasn't followed this lead. Very difficult to get an internship period let alone prior to rising senior yr.
I was also wondering if other industries within finance are going to do the same. If so then it just seems near impossible to get in without a strong pedigree/internship which is hard enough to get as a Freshman.
At this point, can you even say this is because of tech prospects? I do not for a second believe that this accelerated process is about competing for the "best" talent. This seems to be more about advancing target recruiting which screws non targets hard.
What are you supposed to do if you're a transfer student? lol.
transferring after sophomore year is now completely meaningless. only hope is to transfer after your freshman year
Yep. Oh well.
Tack on a minor in comp sci (python & C++ custom minor if they let you), and stay another year.
Some things to consider. If you're going to NYU or something with no chance at paying less than 70k, probably wouldn't do this.
All the schools I'm applying to transfer to are out of state so money is already an issue then and there. Will just see what kind of financial aid I get at the time.
Hi Tony Montana I'm a transfer student as well. I can help you out as I secured my offers for this fall already. Have you already transferred?
Has anyone actually applied to the RBC 2020 programs yet? I feel I'm ready. I just want to make sure it's not too early if I'm expecting OCR later on in the year or that this isn't a mistake or something and I won't be able to reapply when they actually start reviewing applications lol
https://www.underthebutton.com/article/2018/03/wharton-sophomores-begin…
This is absolutely absurd. Every year I think the process can't possibly begin any earlier and I am always proven wrong.
This seems like a way to build an applicant pool that desperately want to be "bankers" regardless of them not understanding what the work even entails. I don't agree with it, but maybe that's the best predictor of an analyst who's willing to fix pitchbook's and ref errors 100 hours a week for a couple years.
First off, I completely agree with everyone that this is absolutely ridiculous, but does anyone know if we should just apply even if we have not secured a sophomore internship?
I’d assume most wouldn’t have a sophomore gig even with last year’s timeline when they were recruiting
WF, BAML, and CS are coming to my target to talk about SA 2020
guggy started coffee chats. target
Except for RBC are there any other banks who have started to recruiting for 2020 SA?
Yes.
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