Which banks to apply for 2023
Hi,
I have studied for one year, currently doing an internship in IB. I am currently applying for internships 2023 with intention to pick that bank for FT 2024 when I graduate. I am simply wondering - with the incoming recession - on how american BB satellite offices usually make their way through a crisis?
Would I be safer at a Nordic BB or at an american BB? Which one has the highest chance to have a steady (in relative terms) deal flow throughout?
Appreciate any input. :)
Cheers
BUMP :)
Bump!!
It’s too late for most banks.
What do you mean? I am in the recruitment process (first round or further in) for multiple Nordic BB's and multiple American BB's (satellite offices), I am just having a hard time to decide on what I should chose.
Whatever you don’t. Ib at nordic >>>> any MO or BO role in American bb
What's a Nordic BB lol
Sweden, Denmark, Finland
Like, a BB in the Nordic market? ..
Always better to be at the headquarters (or country headquarters). Most BB regional offices will either be mid office or back office roles (support, like compliance) and won’t be actual investment banking. Others are pitch machines that don’t do much modeling. Are these Nordic banks the US hq’s in NYC? If it’s for an actual IB role, I’d probably take that over a role like GS Salt Lake or GS Dallas.
Hm I think we're starting to make sense now haha.
Stockholm is the Nordic-region HQ's for the American BB's, they do a lot of deals and are at the very top of the league tables in the nordics (Top 5 basically).
So basically, the American BB's do a lot of deals in the nordics and are at the top of the league tables in M&A which is nice. On the other hand, the nordic BB's have their commercial banking services in the nordics as well which might make them more stable during a recession?
And just to be clear, this is for Stockholm, Sweden and it's exclusively about investment banking. No BO, MO or anything else. Simply IB at the analyst level
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