Chicago FT Recruiting Landscape?

Hi all - looking to make a lateral to Chicago for FT and wondering if anyone who are at the MMs/BBs in the city can shed some light on the processes for different banks. Curious which banks historically have more seats for full timers and if there’s any banks that are strictly networking based. TIA

4 Comments
 

Based on previous WSO threads, here's what you need to know about the FT recruiting landscape in Chicago:

  1. Banks with FT Recruiting Processes:

    • Greenhill: The Chicago office has been noted for its strong placement at firms like Silverlake, Thoma Bravo, and Warburg. It competes well with other groups in Chicago and NYC for compensation, culture, and exits.
    • Other Banks: While specific banks aren't detailed in the context, it's common for many BBs and MMs to have some form of FT recruiting, though the number of seats can vary.
  2. Networking Importance:

    • Networking is crucial for FT recruiting, especially for smaller shops and random openings. Prior networking can be key to hearing about these opportunities.
    • Building relationships with analysts, associates, and VPs can help you get a foot in the door, even if you didn't land a spot during the SA cycle.
  3. General Advice:

    • Be proactive in your FT recruiting journey. Start networking early, prepare for technicals, and get involved in complex projects to stand out.
    • Keep in touch with your network to stay informed about available spots and openings.
  4. Timeline:

    • The timeline for FT recruiting can vary, but it's essential to start early and maintain consistent networking efforts throughout the year.

For more specific details, you might want to reach out directly to individuals at the banks you're interested in or consult additional WSO threads and resources.

Sources: 2020 FT IB Recruiting Thoughts, What will FT Recruiting look like this year?, How to Navigate FT Recruiting: Learn from My Successes/Failures, Greenhill Chicago In 2023?, Difference between FT Recruiting vs SA Recruiting?

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