Advice on FT23
Hello,
Still recruiting for FT23 IB, and was wondering what the best back up plan would be. Have been grinding on networking, and spoken with people on my school’s recruitment team at various banks and seems like a lot of larger banks aren’t sure about FT needs. Did my SA at a MM and got a return, but turned it down (not the best decision in hindsight). People say that jobs open up throughout the year but I would hate to graduate without a job lined up, especially in this economy. Should I keep networking for a FT IB spot while looking at “IB-adjacent” roles? Thanks for reading.
Why the fuck would you turn that down. Everyone I know who recruited FT with a return just reneged or got an offer before they had to sign.
I don't think it was wise to decline your return offer. Almost all FT seats were filled by SA classes across the street. That being said FT recruiting is extremely tight this year and any processes that did take place have pretty much wrapped up. If I were you, I would try and get back in the mix at the MM where you interned and try and leverage an existing relationships you built there to understand if there is any FT needs elsewhere
Jobs really don't open up throughout the year unfortunately, the big push for FT is late summer and it's just about done now. Not sure why you'd turn down an MM unless you had a signed BB/EB offer... I'd start looking for those "adjacent" roles and hope you can make the move around a year
What if I got a full time offer at a reigional boutique? That’s my only one, how screwed am I at this point? I’m networking and hearing back from a superday but itsgetting really hard
I'd take regional boutique and run. There's not going to be BB/EB just suddenly opening up. You can lateral from there
What geography are you recruiting in?
Got no return at a big bank and at this point I’m looking at TAS and tiny boutiques. I’m sure u can land something but chances are this late in the process it will be a downgrade from where u were at assuming it was a respectable MM. fact is u have no job rn so u can’t afford to be picky in this market. Even in normal years I know kids who had the “BB/EB or nothing” mindset and it almost always backfired
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