Just was curious how the "spring recruiting" (I know this isn't a formal cycle) works. From January-May what is the rough timeline to be ready for? For example, when do bonuses come in, when do departures usually occur and when does HR start looking for referrals?
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Departures usually occur within 72 hours of receiving bonus. Varies for bank and location, but expect referral period intake (usually just 1 biz wk) to be pretty quick near December-end/early-Jan. Entire process turnaround to be around 2-2.5 wks.
And - this may be obvious but I'll see it anyway - will be for just the "experienced" category - appealing to those who are either in the same role at a different firm, or a different role at the same/different firm. If the former, the prospective firm tends to hire you at the year you would've been going into if you stayed at the original firm; if the latter, you may get your year downgraded as a way to make up for the lack of IB specificity (ex. incoming 3rd year S&T AN1 comes in as 2nd year IBD AN1).
So these opportunities wouldn't be available for people still in undergrad with relevant exp?
Varies city to city (non-NY/SF/LA will probably have more offcycle opps) and I'm sure there are some smaller boutiques who will engage in off-cycle undergrad hiring - but for the bigger brand names, almost never.
no...because its not possible for you to have relevant experience coming from undergrad.
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