2015 FT Recruiting Mega Thread

Applications for full-time analyst positions at the following firms are now open unless otherwise stated. Get after it, monkeys! See you on the Street ;)

Front-office IBD, S&T and/or Research
Deutsche Bank
Evercore (superday scheduled for 8/8)
Lazard
Lazard Middle Market
Wells Fargo (Application was available 7/23. Appears to have been temporarily delisted)
Perella Weinberg Partners (Applications under review as of August 5)

Lincoln International (Application always available. Deadline unknown)
Goldman Sachs (Applications closed 7/27)
Royal Bank of Scotland (RBS) (Application available 8/15—10/31)
Evercore (Applications closed 7/31)
Credit Suisse (Non-US offices only)
Duff & Phelps
UBS
Citi
Citizens Bank Capital Markets
Houlihan Lokey
AllianceBernstein
Jefferies (Accelerated interviews week of 8/17)

Management Consulting
Booz Allen Hamilton
Bain
Boston Consulting Group (BCG)
McKinsey

corporate finance
General Electric FMP (OCR resume drop runs 8/15–10/2)
Cargill
ConocoPhillips

More info on its way...

 

PWPartners' career page says "For all other schools, please visit this page at a later date for application deadlines. At this time, we have completed recruiting for our 2014 full-time and summer intern classes." I dont think it's open yet....

 

Experienced ("lateral") hire usually refers to a candidate looking to switch from one bank to the next but stay within the same role (i.e. IBD at UBS --> IBD at GS). I'm not covering lateral hiring in this thread. In the case you described (recent college grad looking to get into banking for the first time) these are the right applications to submit.

 

I'll be completing a rotational program at one of the major custody banks (State Street, BNYM, Northern Trust, etc.) Will these still be the right applications for me to submit? I'd have 1-2 years experience but still "new" to any of these roles.

 
Best Response

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

 

Is this true in all regions? I'm in London and whilst networking is universal, online applications seem the way to apply here. I have friends who have FT and they all did it via online applications. Most were summer interns though and that does seem to be the way most are hiring the majority of FT but still.

I do't know if it's mainly an American thing where networking matters so much. It can help, but seems very structured here in London with applying online and going from there. I may be wrong though, interested in what others think.

 

I'm in London as well and it's definitely much more structured here. Online applications are nearly universal, and even if you know people inside the firm they will ask you to sign up online before they can help push your application in any minute way. Networking is still heavily encouraged, but it is definitely less important than the States.

Some may think this is more egalitarian, but I can't help but think I'm wasting my time collecting name cards at networking events twice a week. (I'm a student at the school with the most of such events, no prizes for guessing)

As for SA conversions versus FT recruiting, the BB definitely take in a lot of interns, though each bank has a different conversion rate. For instance I know CS hires much less FT than conversions. That said it is still worth applying for FT, though they may be harder and more competitive. Try the MMs and boutiques if you didn't get an SA return offer to widen your net.

 
streetman101:

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

I got my job through a cold online application, and received probably ~10 other interviews. Although, these were for non-BB banks.

 
streetman101:

Do you guys really think applying as soon as these job postings are released increases your chances? I've never met someone who got an outright interview (let alone offer) by simply submitting an application online. In my experience, applying online has always been a formality after networking and setting up meetings with people who actually work at the bank. I would worry more about creating a connection with people who can physically hand your resume to HR rather than submitting it to a dark pool of probably thousands of others. Just my .02

Not true at all for SA, could be different for FT. Got interviews at a bunch of firms including Goldman at some places by just applying online.
 

Lincoln has some serious momentum right now and it doesn't seem to be stopping anytime soon. They completed 130 deals in 2013, up 11% from 2012 and were voted bank of the year by themiddlemarket.com. They're planning on opening 3 new offices in South Africa, Dubai and Singapore within the next few years. They're also the only company I can think of that posts a link on their website to their Glassdoor profile - nothing but good reviews on there. Very, very solid middle market player.

 

Good friend of mine from home works in their Chicago office. He loves it and apparently a good deal of analysts stay after 2 years or even come back after getting an MBA. I think they just have two other offices in the US (New York & LA), and they're much smaller than Chicago. The Chicago office also has solid placement in local PE firms.

 

I received an invitation e-mail directly from a person that is in charge of IBD Campus Recruiting. And here's what he/she said when I asked if there is any other process.

"Thank you for your inquiry. This is the only full time recruiting process (application due by 7/28) for IBD at Goldman! This is the only process for full time."

 
libo000:

I received an invitation e-mail directly from a person that is in charge of IBD Campus Recruiting. And here's what he/she said when I asked if there is any other process.

"Thank you for your inquiry. This is the only full time recruiting process (application due by 7/28) for IBD at Goldman! This is the only process for full time."

Sounds sketch (never seen a recruiter speak so informally with "IBD" and "Goldman" and all), but okay.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Sorry for the confusion. I will just paste the original invitation e-mail I received. I actually said 28th above, but it was 27th

Hello-

We hope this email finds you well and you are enjoying your summer so far. We are reaching out to invite you to apply for full time opportunities within the Investment Banking Division at Goldman Sachs. To express your interest, please submit your application on our careers site at www.goldmansachs.com/careers. Please note that the deadline to apply is Sunday, July 27. If you are selected for an interview, a member of our recruiting team will reach out to you directly in mid to late August

 

As a non-target, the only cold online FT app that landed me an interview with a good firm was when I had a perfect fit for the job. Think like apple wanting a smartwatch developer and I was the kid the worked with google developing smartwatches....

These are black holes...

 
turtles:

What are you saying?

Implying that if we were ideal candidates, we would have already been in the know about FT recruiting?
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

For anyone who's aware of London/UK situation, is there even much point in applying for FT? Seems they're all filled by SAs or one/two spots left by people with offers shopping around.

 
jm5:

Does anyone know about the JP Morgan FT deadline? Does not appear to be open yet since no analyst positions are listed online, but I talked to someone internally who seemed to think everyone had submitted their materials. Thanks.

Also interested in this; hearing mixed signals from friends in the industry vs. career center vs. what's online. OCR doesn't even begin until September, so a lot of the "recruiting is already wrapped up ggnore" posts are confusing. I should hope that the banks aren't soliciting 100% of their class from SA, otherwise I missed that boat :(
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
chicandtoughness:
jm5:

Does anyone know about the JP Morgan FT deadline? Does not appear to be open yet since no analyst positions are listed online, but I talked to someone internally who seemed to think everyone had submitted their materials. Thanks.

Also interested in this; hearing mixed signals from friends in the industry vs. career center vs. what's online.
OCR doesn't even begin until September, so a lot of the "recruiting is already wrapped up ggnore" posts are confusing. I should hope that the banks aren't soliciting 100% of their class from SA, otherwise I missed that boat :(

same here, not sure whether to go with this or ocr postings. I'm currently interning out of country so it's a problem if they're interviewing before I get done. company I'm working at now gives out internship full time offers in november...

 

Yay, didn't get return offer. I'll keep telling myself I was going to recruit full time anyway and not just take the offer and rage senior year...

"I did it for me...I liked it...I was good at it. And I was really... I was alive."
 
Powa23:

Evercore is Friday to next Tues first round, if you didn't get a notification last week you are out of the process.

Depends on your region, doesn't it? OCR at both my current school and my undergraduate alma mater just opened for Evcore. Unless you were talking about Assoc/Exp Analyst recruiting.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Apparently Lincoln starts reviewing after Labor Day weekend (either that or they get back to you right after Labor Day weekend...either way, the app is basically open for 3 more weeks)

 

Greenhill is more or less even done. If you are currently not interviewing, you probably won't for this year.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Applied for position on company website and OCR. Got the rejection from company website before OCR resume drops even closed. FML.

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

So... how viable is FT recruiting at this point?

I know there'll always be a few spots but aren't they pretty much all filled by SAs? I'm applying but not feeling ultra optimistic about it.

 
I Do Even:

So... how viable is FT recruiting at this point?

I know there'll always be a few spots but aren't they pretty much all filled by SAs? I'm applying but not feeling ultra optimistic about it.

Network your ass off. Still viable. Maybe not high-demand offices like NYC, but regional offices are very viable. Just got a few interviews from places that people said were closed/done already :P
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

look guys, if GS has one of the worst conversion rates on the street, how the heck did they put together a complete analyst class by mid august? DB only ended 8/15, so I'm sure there were people interviewing with GS who didn't get an offer. Did GS give offer-contingent offers? Last year they recruited FT in October. Someone tell us what's going on haha

There's no coincidence. Only consequence. Where others see chance, I see cost. —The Merovingian Life is binary. —Marty Chavez Having lots of garbage is a good sign. But all lies rise to the top.
 

In your opinion, do you guys think it matters much if you apply now or in a few weeks?

I'm currently doing an internship and have another 2 weeks to go, so don't have too much time to apply. I can work a bit on it every day but easier just to be 100% focused on applications than spreading it out a lot (what I found personally last time I applied).

Most have just opened now in Europe (from what I gather), but it is rolling-basis for many.

 

Do a lot of places not look into hiring full-time until they know what is going on with their interns? Ideally a lot of places want to just hire from their intern class, but I know that doesn't always happen (doesn't usually happen?). Variability of this process is driving me nuts!

 

I'm curious about this too. Obviously they want to take from summer pool, so do they only take FTs who are near-godly levels (but somehow didn't do SA or are shopping their offer from another summer internship)?

Curious because you'd imagine a 10 week internship is far better than a few hours to see if that person would be good to work with etc. and so they'd probably need to be REALLY convinced you're awesome just based on a few interviews.

 

My interpretation is that they take as many as they can from their SA pool (most have extremely high offer rates) and that the FT hiring is mainly for people shopping their SA offers from other firms. I've run across people on LinkedIn who didn't do an IBD SA stint their junior summer but it is quite rare and their experience was typically at a very well known/respected company.

For people losing hope, my firm's offer acceptance deadline isn't until early October and friends at other firms have said very similar dates so I imagine there will be more spots opening up then, once the firms know what their actual needs are. I can't stress networking enough though, because spots will definitely be limited nonetheless

 

Yes, unfortunately I think that's exactly the case.

But, yes, no reason to lose hope. Let's hope it works out. I'm a bit frustrated as I'm doing a summer internship at the moment but they're not hiring at all. I did quite well though and got rather positive feedback which makes it worse. I feel like if I wasn't at a MM and was at a BB then I'd probably have got an offer. Ah well, keep hustling I guess.

 

It's not always the case with BB especially if you're in coverage where I heard the offer rates are quite low for t

When luck shuts the door you gotta come in through the window - Doyle Brunson
 

is anyone from here familiar with the recruiting process for banking in London? I heard that it does not rely on networking as much as in the US. Can someone with experience verify that? Thankss

 
vernge01:

How late into the year do most MMs/Boutiques hire?

Varies by bank and city. I know some MMs/boutiques who were doing FT interviews as late as March. Others are done by end of October.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
Dasch:

What about DB S&T?

If you have to ask, it's probably in progress / done. Missed the boat, dude.
Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

Dolore error quidem dicta architecto aut. Qui ad explicabo rem mollitia hic. Quidem vitae ab accusamus iste. Autem eum et nostrum unde.

 

Cupiditate natus et vitae adipisci et. Quis officia ullam id cumque. Sit eum itaque nam. Dolores ipsam sapiente earum sit. Est cupiditate quidem rem est debitis.

Et cumque non et quo eligendi accusamus earum. Accusantium labore explicabo deserunt provident dolore. Voluptatem et error autem accusantium esse dolorem natus. In repudiandae deleniti neque iusto excepturi velit nam. Praesentium odit ab facere tempore deserunt a pariatur.

Nisi iste et quia animi repellendus est accusantium. Voluptatem vel sit hic culpa accusamus aut quidem. Atque id voluptate explicabo quia architecto optio ex repudiandae. Non rerum rerum voluptas rerum et similique amet numquam. Ut qui quia vitae assumenda et.

Sunt consequatur cumque alias. Aut et ut blanditiis maxime labore nostrum dignissimos. Eum architecto voluptatem aut quam odio saepe iusto. Repudiandae consequatur velit et cumque.

 

Ratione ut accusamus voluptatem reprehenderit qui ullam et voluptatem. Impedit rerum aut quasi qui deserunt molestiae incidunt. Quisquam rerum corrupti optio velit. Vel doloribus dolorum est consequatur porro unde. Inventore nihil qui illum praesentium omnis aspernatur error odio. Sint omnis consequatur ea et. Temporibus suscipit omnis delectus quae inventore.

Sit velit repellendus voluptas sed et eius earum. Suscipit veniam eum sed quis ducimus. Asperiores ab aliquam earum et provident minima sed dolore. Qui debitis consequatur voluptas repellendus. Est aut eius dolores. Occaecati aperiam quia perferendis vel. Necessitatibus blanditiis veritatis dolor voluptate hic a.

 

Delectus omnis maxime qui aut. Sunt enim dolor enim sit sapiente dolorum voluptatum quis. Ut ut voluptatum eius ut.

Aut quas non a dolor consectetur. Distinctio voluptatibus reprehenderit eveniet. Dolorem ipsa ex et ut. Voluptatem qui ut sint aspernatur est dolores commodi. Minima ut et iure.

Repellat et dolor aut voluptatibus. Aut ex officia et eum quis commodi aut ut. Deserunt voluptatem nihil autem. Ut voluptatem non possimus ipsa possimus magnam. Corrupti rerum sit dolore aliquid delectus.

Voluptates ut accusantium laborum eveniet et nemo. Doloribus aut et voluptatem qui. Natus aut laboriosam accusamus facilis earum est. Alias dignissimos reprehenderit repellat.

 

Nobis nisi iste praesentium. Repellendus quia aliquid earum perferendis eos quia dignissimos.

Itaque ut excepturi cum et neque eos qui. Illum ut sequi velit eligendi architecto. Vel quibusdam corporis cumque vitae.

Debitis laborum quisquam deserunt eum. Cupiditate labore voluptatum modi vero laboriosam est ullam. Molestiae reprehenderit ea est. Rem hic omnis repellat ipsam minima ipsam dolorum unde.

Quia consequuntur suscipit deleniti porro mollitia ullam explicabo. Veniam aut et quia sed quidem voluptatem. Sit eaque pariatur consectetur ut est. Eligendi ullam sit quia omnis quo voluptatibus tempore modi. Qui quia rem labore natus at neque. Est quisquam velit ducimus excepturi ab aut.

 

Consequatur maiores itaque animi. Sit reprehenderit est impedit sit autem veritatis quas. Cupiditate quis reprehenderit voluptas aut ipsum. Mollitia repudiandae dolorum eum quisquam quod harum. Voluptate quo ipsa voluptas veritatis officia.

Odit ut dolorum rerum. Natus aliquam quis facere quis quod. Eveniet et consequatur aliquid hic ipsa velit error. Nisi voluptas molestiae et saepe recusandae minus soluta.

Esse eius ullam reiciendis voluptatem. Accusantium ipsum et ratione eos nisi et tenetur. Animi rerum quis quidem voluptatem laudantium omnis quia. Cupiditate quisquam vel veniam expedita consequatur eaque pariatur. Nobis tempore et iusto optio amet. Non reiciendis velit autem aliquam molestias eum. Natus explicabo iste expedita provident ab sint.

If you fall down, make sure you get back up with a vengeance!
 

Rerum quis recusandae repellendus asperiores optio est. Sint perspiciatis minus autem veniam et ducimus ratione.

Illum veniam facilis sunt aperiam animi est illum. Nihil qui odio fugit assumenda pariatur minus alias voluptas. Quos ut asperiores qui quasi rerum. Totam repudiandae praesentium unde aliquid ipsam. Sed id quaerat libero corrupti. Et repellendus non id iusto at et et.

Ullam pariatur quis dolor deserunt quas. Cum fugit libero vero. Ipsam vitae laboriosam quos soluta numquam nihil unde.

Maxime non illum odio molestiae ullam molestias et. Aut sit non sed eum. Deleniti et dignissimos esse dignissimos qui ipsa ex. Praesentium voluptas id nihil velit. Suscipit sit nostrum doloremque ad aliquid magnam molestias modi. Sed est dignissimos ut dolorem. Et non error suscipit quidem eaque et repellat.

 

Perspiciatis voluptatum nam sapiente temporibus ipsum est molestias. Et sint reprehenderit ut vel quaerat culpa. Ipsam id reiciendis voluptatum ut aut quo exercitationem delectus.

Ut nobis similique sit tempora perspiciatis. Eveniet explicabo aut error deleniti. Vel molestiae vel nam accusantium beatae. Eos esse maiores neque minus eos. Quis soluta quam ex qui dolore nihil.

Autem eum et facere voluptas qui sapiente quibusdam ipsam. Nesciunt fugiat natus inventore voluptatibus voluptate.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”