2024 IBD Graduate Recruitment
Is it true that the game next year will be extremely limited? Or is it still possible?
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Why isn’t it possible
For 2024 grad roles in particular, it will be slimmer than normal I think - banks will have a good pipeline of intern candidates from the 2023, with relatively low risk of offer holders reneging on their contracts or existing Analyst attrition. It will certainly still be possible, but I'd advise applying broadly and trying to have backup options (non-IB roles or further study).
I expect that 2024 intern roles could be lower, but likely to be much closer to normal. HR will be thinking about 2025 September headcount needs in thinking about the number of offers here, and that's far enough in the future to be more optimistic about dealflow (plus, whether you like it or not, interns are thought of as a cheap mistake to make - if you make a full-time hire and it turns out that the bank doesn't need them, there's severance, exam fees, and all sorts. If you hire a few too many interns, the bank just makes fewer conversions.
Perhaps you might want to spread your risk by applying to full time roles, but also a Masters degree beginning 2024 and doing a 2024 internship?
hi, i'm very confused as a rising-senior where I stand when it comes to FT recruiting. It seems that a lot of people are graduates, where do I stand for recruiting? thanks and apologies if redundant question
I'm sorry, I'm not sure that I understand the question.
Typically, for IB, people will look to secure an internship in their penultimate year of university, and concert that into a full-time offer. For example, during the penultimate academic year (say, 2023-24) one would secure an internship for 2024 summer with a view to converting it into a full time offer for a summer 2025 graduate role.
Those who don't get internships or fail to convert internships might look to the full time graduate role market, which candidly is very competitive.
Sorry if this missed the target on the question you were asking.
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