Total students applying FT each year
Anyone know of number of students vying for FT positions each year? or at least # of students per top 25 colleges? 2-3k?
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Not sure of the #'s but I've seen it posted that landing a FT IB job is more competitive (% acceptance vs applied) than getting into Harvard. I could be wrong though.
I imagine that would be the case for summer analyst positions as well. Regardless, FT recruiting is tougher because most of the intake is filled with SAs + SAs from different banks (accelerated FT).
I would agree even to a further extent, for FT recruitment you have ppl with IB summers at that bank, SA's from other banks, new grads w/o summers as well as any individuals looking to lateral for transaction services groups, consulting etc.
I wonder what the statistics are though for landing a FT IB job when you already have experience (but isn't where you interned at)
For context, I went through FT recruiting for a lower BB's regional coverage group. Based on the LinkedIn posting, ~200 people applied, and I'm sure more did through the company job board posting/networking/etc. So lets assume 400 people applied, 100 were interviewed, and 10 made it to the superday. There were two openings in the group for FT, so that gives us an acceptance rate of 0.5%
If it was a BB i can almost guarantee you it was more than 400 applied. I have a friend at a boutique in Vancouver that got 5-600 applications for a SA.
Not sure on total applicants for IB, but success rates are around 4% per bank, for instance goldman offered 9k out of 250k applicants a couple of years ago. That's for all departments but can give you an estimate.
na like 1k
Some of the summer programs have 4-6k applicants
I would assume most have way more than this
JPMC has over 350k applications for internships per year and accepts about 3k (Across company, Lines of business, location, etc).
So I'd imagine FT FO is around a few hundred thousand applications and maybe a few hundred spots.
I don't think this counts number of people applying versus total number of applications. I know a couple of friends that interned at JPM and each submitted around a dozen apps to different internships across the bank. I highly doubt there are 350k (or even 200k) individual people looking for internships at JPM every year.
Not sure, because the official data point said "300kish applicants, 3k accepted, 1% acceptance"
So either there are, in fact 300k applicants or they fudged the math on 1% acceptance calculation. If we assume the represent the data correctly then we'd assume 300k applicants. But you do have a point, it isn't specified and a lot of schools / companies report data in weird ways to play to the narrative they want.
How about calculating # of students this way... Let's go with the top 25 business schools. If on average, there are 300 finance students each year per school, then there are 7,500 finance students vying for FT positions. For discussion purposes, 8k students per year.
Are there 8k FT positions? yes. As Oprah says, "You get a job, you get a job, you get a job."
As one datapoint at an EB in NY, we got ~1,500 resumes for about 30 spots
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