Hi!
So I've heard all about the accelerated recruiting that happened for SA 2019 positions. This year's recruiting timelines still seem pretty up in the air, but was wondering what banks had the earliest processes for last year. Was it the EBs / certain BBs?
JPM and William Blair opened in February and were basically rolling the whole summer, GS opened in March with interviews in May. EVR and Moelis also in that March/April time period. A number of BBs (MS, CS, Citi?) stayed with their summer application dates.
Diversity and SF/Houston recruiting was very early too, February-April first rounds and superdays even if the banks had not started NY yet, so some of the top SF groups were done before their online apps even opened. Keep in touch with your network if any of that applies to you.
At least at my school EVR was in May but it probably was school dependent
Friend of mine got his Citi SF offer for tech back in March/April. Claims he didn't submit an online application until HR contacted him post-offer
how? through networking?
Yeah networking seemed to be a highly effective way to get into the early process in satellite offices - regardless of OCR or not.
I’ll admit I got kind of lucky, being from a non target. I had reached out to some contacts, both new and old, and emailed resumes just as most usually do when networking. This was around February - April and I was expecting to follow up in the summer, but turns out around that same time frame HR was already asking for references for interviews.
Next thing I knew I was getting calls /emails for interviews I hadn’t even applied for.
Some of my friends at targets said the same thing, they were getting reached out to via networking before their OCR officially started.
Yeah, networked with the group across levels
TPH
For NYC, Wells Fargo and Guggenheim were the first to interview at my school, in late March.
Here's a timeline of interviews I or my friends had (target, IB only, not counting HireVues etc):
– March: Guggenheim, Wells Fargo – April: Evercore, Greenhill, Deutsche Early, MS Early, JPM, GS Early, Houlihan Early – May: PWP, PJT, BAML Early, RBC Early – June: N/A – July: BAML, CS, Lazard, MS, Centerview – August: RBC, UBS, LionTree, Moelis, Financo, TAP Advisors – September: Deutsche, Citi, Barclays, Houlihan, Nomura, BNP Paribas, Macquarie
Most of the MMs/foreign banks were in August/September, with a couple lagging into October and even early November
Spot on, basically same thing at my target. Some small changes in case of my friends:
-Lazard already had some interviews for NYC in May.
-Liontree held first rounds in early may.
-Centerview did the entire process in late September. First rounds at targets then one large superday.
This is pretty accurate. Added a couple details below.
General trends - EBs were mostly done by mid-Summer except for CVP which waited until September. Some BBs had early processes in Spring, some of these were just online (GS, MS) but others you had to network into (BAML), regular process was mostly in mid-Summer through Fall except for a couple unusual ones (JPM was extremely early).
WF had a couple interviews as early as February JPM started in March but went through April EVR/PJT started in April and went through to May BAML had early processes in May CVP was quite late compare to other EBs, didn't start until September
Watched a few younger friends go through the process, this sounds pretty spot on.
Moelis early was May, there were some superdays held in May for BAML, GS, and Moelis. Deutsche early opened in July, regular in September. Houlihan held interviews (non-superday) somewhere around August/September.
I have heard that most BB/EB are going to push back a little bit besides main targets (H/P). Citi is going to continue with early applications this year according to citi HR at my college. Most EB HR I have talked to including EVR and Jefferies are going to push back to late spring early summer. Hope this is helpful
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