What % of offers do you think have been given to SA 2021?
The title pretty much says it all. I know most BB have already done diversity recruiting, so I was wondering approximately what % of their SA classes do they usually fill up with diversity recruiting? I also know that many EB are done with recruiting, so overall do you think that 40% of the IB SA 2021 class for all banks has been filled? I am just guessing btw.
Anecdotally I’d say ~30% of SA spots were filled with diversity program recruits at my GS/MS/JPM this past year
Totally case-by-case. Think EBs are done but BBs haven’t really started
PJT is the only EB I know that hasn't started.
centerview
some CVP offers are out
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Correct
PJT RSSG was the first to be done with recruiting
Yeah they kicked off right after HL rx did. Can't blame them, they wanted (and get) the best kids as always. Anyone know who (like which schools) got their offers? Only H/W as usual?
PJT has given out offers for 2021 summer, idk if they’re done yet tho
would guess60%ish
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GS/MS/JPM/Bofa/Barclays/CS/UBS/DB arent even 20 percent done yet
Bc of diversity many are nearing 30-40
Diversity recruiting? Is that really a thing that most OCR teams are actively promoting?
On the EB side Centerview and PJT M&A haven't started. Lazard HR has reserved some seats (non-diversity) for the fall because they promised they would recruit in the fall at a bunch of OCR presentations and they don't want to go back on their word.
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At a BB during summer 2019.
For all groups within the investment bank (S&T, IB, Capital Markets, Quants), 50% were female and 25% were minority.
I'd imagine it would be pretty similiar for this summer.
That's actually a huge amount reserved for diverse candidates, no wonder recruiting has gotten a lot more competitive these past few years
it's actualy gotten less competitive(have older siblings in IB) because there's other high paying options that don't involve staring at a screen for 80 hours a week.
Probably less competitive at Ivies and top targets because of lack of interest but it's a more competitive at other schools because they're fighting for half of the spots as they did a couple years ago
those "other schools" never had a chance 10-15 years ago
overall, it is still very hard but much easier to break in
15 years ago, finance was amazing, banks were full send in hiring. Lots of less than amazing kids were able to break in before the crash. Know several senior bankers who talk about how competitive it is now compared to when they were recruiting. I was speaking more about these past 5 years though, where the target/semi-target schools have been around the same but now a lot more kids seem to be going for IB and they are competing for half the spots because of the big banks focusing a large part of their class on diversity. At non-targets, it's always been very hard and is now as well. I was speaking more about semi-targets where 5 years ago, having a 3.6 or 3.7 and learning about IB junior year used to be the norm but now there's tons of kids going for IB having a near 4.0 and start learning about IB fall of freshman year.
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is this GS?
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