I see they posted CIB Summer Analyst 2022, is this the normal IB application or for something different? Figured get the thread going anyway with any updates on the timeline.
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Is their NYC office any good? It would suck if Atlanta is their best office
Comp in Atl goes a looong way
That's true. It's also ATL though.
Majority of the teams are in Atlanta obviously. NYC is just a satellite office with bits and pieces of teams there. Tbh with what Truist pays, it’s better to be Atlanta
Do they pay street?
According to some people on WSO, 2nd-year analysts cleared 200k this year all in. Wouldn't consider that below street at all.
Lol pretty laughable. As someone who spent 2.5 years there, that’s 100% a troll. Truist is notoriously cheap, it’s all about their loan ROE. If you think a place like Truist that can barely get a M&A mandate, paid over 100% bonuses compared to base (it was 80,85,90 for base when I was there for analysts 1-3, and yes they force all analysts to do 3 years) you’re going to be pretty disappointed come bonus time after you spent an entire year working on mostly pitches and internal work (credit memos and client planning!). Last I spoke with the guys who I know that were associates they were all upset earlier in the year that bonuses came in light after a busy year (typical STRH/Truist), so have a hard time believing that changed in 6 months for the analysts. On top of that BB&T culture was even more conservative than legacy STRH was, and basically had 0 experience in true IB and was more of a retail bank so it’s not like with the merger the culture around costs/pay have changed and swung the other direction, if anything they are even more focused on being conservative and cutting costs. Then you factor in all the restructuring that happened and cost cutting after the merger, it’s just not in their culture to pay like that. I mean when I was there during COVID, they didn’t even allow analysts to expense dinners. One analyst tried it and the junior bankers got a blast email from a higher up in IB saying no one should be expensing dinners and that it’s a luxury/gift for you when you are in the office but you are at home so just cook dinner for yourself. They were like the last bank to finally change their stance on that lol wouldn’t even pay $20 dinners to analysts.
I don’t want to be overly negative as it wasn’t all bad at STRH/Truist, I enjoyed the people I worked with and made some great friends, but I’m trying to prevent some college kid who reads they pay analysts over $200K from some troll and then is disappointed when his first year bonus doesn’t even hit 50% of his base and all he’s worked on his capital raising deals and credit memos.
Thanks for sharing your experience. Recently spoke to an analyst at Truist. He mentioned, unprompted, that the firm gave out record bonuses to move analyst comp in line with street.
I understand that you had a really bad experience at Truist/STRH, but I swear you’re on everyone single thread about this bank trash talking them. Your complaints may be valid but is it really that hard to believe that comp raised after you left?
Sounds like someone is salty they lateralled in Atlanta and now make significantly less than the analysts at Truist. The $100K analyst bonuses are true, dinners get expensed, and there was just a $15K spot bonus in May.
Can someone link the app? Tried looking on their website but can't find it
Apps didn't come out last year until late September/early October if I remember correctly
Did their application close already??!
Looks like it did. Only open for a week maybe two then
Dang that's crazy
I think it may open back up, last year they didn't close until September and I have contacts at Truist and they never mentioned application opening or closing this early.
I'm going to email a recruiter on Monday and see what they say.
Any Update?
Bumping this since there was another Truist 2022 SA thread cause people couldn’t find this one
do they take interns in NY office?
Yes, they most definitely do
gotchu thanks than i shal start networking
Heard from people that SDs are out
I heard that was for an accelerated select group of people. Regular applications don't open till August and interview in the fall.
Who are in the accelerated group?
Super days were the 23rd and their first-round offers are out. Someone above said it's a low to mid tier MM bank, but from what I've seen so far, they're working really hard to change that; they stressed a lot that they are going to take advantage of their BB-size balance sheet more and more.
what about non target, non diversity
how is their nyc process, do they take interns in nyc?
Yes they do
Does anyone have an idea on when applications will open up?
They closed already
Only the diversity summit closed. Should have the regular pool open in a month or so
Regular pool already opened and closed I believe, atleast that’s what I applied to bc it said nothing abt diversity.
Anyone get word for first rounds yet ?
Superdays already happened and offers already went out homie. Unless there’s another round
There is another round. Hang tight y’all
Hasn’t even started, I go to a target for Truist and everyone I spoke said we’ve got some time until they start
I've heard the 2022 application opened again today
I heard this as well but cannot find the application.
This should be the app: https://careers.truist.com/ShowJob/Id/1159934/2022-CIB-Summer-Analyst-P…
Does anyone know when we can expect first rounds from the most recent apps?
bump
After the app closes on 9/5
Gs>truist
Had first round yesterday. Anyone get sD yet?
Had mine yesterday too. Haven't heard anything yet, but first rounds finish today so hopefully we'll hear back soon.
Had one Monday, but also havent heard back yet
You hear back yet?
Any know what the timeline is for S&T?
Anyone hear back yet ? They said everyone should hear back today
I didn’t yet
Just heard back, check your emails.
How was people's superdays?
Got the offer last night.
Anyone have any insight into their ABS/Asset Securitization group?
Networked with them but haven't heard anything from the process yet
Anybody else hear back yet?
Still waiting. If you haven't received an offer by now, you're on the wait-list.
Did anyone get an outright rejection?
I did not
Anybody hear anything recently either rejection or offer?
Have not heard anything. They said we would know within two weeks. It's been a week. First offers prob went out Saturday, and I assume they have a week to respond. The next round of offers will prob be out this Sat. And they'll get a week. And then if there are any spots left then maybe a third round of offers next Saturday and that will prob be it. I'm assuming that anyone who hasn't heard back is likely on a waitlist. Unless you got direct rejection.
Has anyone gotten a rejection yet? It's been officially two weeks since my Super Day. I except to be rejected but I just want an official notice.
Anyone hear back from yesterday's superday?
You guys know anything about their Capital Markets division?
Anybody think that $20 an hour is low for IB SA?
With overtime pay, it's not bad for Atl. If you're in NYC then gg
is overtime time and a half at truist? also the HR rep mentioned to me that the hourly rate might be increased over the winter
I'm so annoyed that they haven't responded yet. It's been almost 2 1/2 weeks since my Superday. I know this is common but god it sucks. I even emailed HR but didn't get a response.
Honestly think of it as a blessing and keep applying! I just got an offer from a BB bank and thank god I did not hear back from them immediately otherwise I would've accepted their offer.
Good point!! Congrats on your offer!
.
Is there a gc for SA's who accepted offers? If not let's get one started
Don't think so
PM me
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