Applying to IBD and Sales?

I was wondering what's the general attitude today if I were to apply full time to IBD and Sales division in the same bank?

If you're wondering how I ended up in this situation...I originally networked and reached out to someone in the sales division covering an industry I was interested in because I had a prior internship and have some experience in the sector; I do indirectly want a job but I was more focusing on talking and learning about the industry from his perspective. He wants to meet me in NY but isn't available so he refers me to his colleague who happens to be co head of the whole fixed income sales division.

Recently I found out this bank's IB division has a resume drop on my school's OCR. The IBD is hiring for its core M&A group so any industry experience advantage I may have likely won't even apply. Since I don't have a summer analyst experience, I likely wouldn't stand a chance.

I asked my friend who did apply to more than one division back in 2009 but that was kind of a different world back then. I would think someone applying to both today would be seen as someone who hasn't done his homework; this is full time so applicants should be sure of what they want, right?

Also this is boutique (or at least not a BB) and although it's not tiny, I'd imagine it's small enough that they'll be able to track me down if I apply to both divisions.

Also the person I'm planning to meet wants to meet on Sept. 26 and the resume drop at my school is Sept. 16.

3 Comments
 
Best Response

Apply to both. It's not an easy world in which to get jobs in a bank. Everyone knows that. An idea, if asked, say that you've spoken to some people at the firm and that you just want a foot in. Although you would prefer (insert whatever here), you've heard great things and just want to be in and work hard and prove your worth. Clearly try to make nice with the Fixed Income guy because someone like him can probably get you directly hired if he likes you. Much more so than same random resume drop. Appeal to him as a person and get him on your side. Do DD not just on the company the business lines (just the basics, what do they do, etc), but also on him (without seeming stalkerish) so you have a idea what to talk about to appeal to him as a person that he wants to have around or push forward.

Good Luck

I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.
 

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I used to do Asia-Pacific PE (kind of like FoF). Now I do something else but happy to try and answer questions on that stuff.

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