Does anyone have any insight on this program and the potential exit opps that come with it? The posts that I've seen on WSO are kind of older and it seems this program has become better since those initial posts. Thanks in advance!
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Which group?
Sorry, I can't mention the group cause its a fairly small team that I'm interviewing with currently! Just interested in what some of the exit ops are in this program since its supposed to last only 2 years and then you have to find another full-time gig by then. Also curious about their reputation on the street given they are the 10th largest bank in the world.
Is it MNC? That's like the only group that doesn't take in their Analyst as an Associate after 2 years.
The US Associate position is the same as an Analyst position elsewhere on the street - placement after the 2yrs is subject to performance and headcount. Ive seen US Associates get converted much quicker as well.
French banks are stronger on fixed income side so pick a product or coverage group focused on that business
Thank you so much for the insight! I didn't realize it was the same as analyst level on the street, which is really good! The group is in a major city, but in the long term I want to leverage my time their (if I end up getting an offer) into a position in NYC. I would be leaving a more operational full-time role that I have been at for almost 2 years out of undergrad (yeah I know I'm a little late to the game) in the coverage group's industry. I have been applying/interviewing like crazy to get into IB, so wondering if this would be a good entry point for me with the skills and networking I could build here. Do you know anything about pay structure, reputation, or exit opps from here (US Associate Program)?
I'm very familiar with this program. You're not technically a full time employee, and are on a two year contract. I don't know the base but from what I remember your bonus is capped at like 20k (it might be lower, I don't remember. I'm sure there're many disgruntled people on linkedin that would give you this information. Check glassdoor too), so it'll be frustrating if you work long hours and only get compensated with 20k. I think the raise is really pitiful to, you'll be paid the same salary for two years.
Don't buy into the conversion into a full-time role. Credit Agricole and Societe Generale run on interns and people in these programs. Towards the end of your first year they'll probably hire somebody else and try to get them up to speed to have someone do your job after your contract ends. If you do get this job, look to lateral 6 months after your start day.
In terms of reputation it's definitely not a bad place to start. Some groups like aircraft financing and others within fixed income are top tier.
Pm'd you!
I worked on this exact team for a very similar Euro bank. You must be referring to this job posting . Yes the role is good. I turned out to do alright I think.
Credit Agricole (CACIB) - U.S. Associate - Loan Origination Support (NYC)
-it's worded poorly, but on the street it would be characterized as this,
or, like this:
Job Description below
About the job
Key Responsibilities:
2 Year Thing - to Clarify
Happy to help on this specific group
Can I PM you?? THANK YOU IN ADVANCE!
Go for it
Hey I just received an offer to CA CIB. Can anyone give me any relevant insights into the US ASSOCIATE program for the IB Analyst position? Is it feasible to lat transfer into a BB IB role after about a year or by the end of the program?
What team are u on
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