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Yes, firms do recruit FT. However, with no internships you will be very hard pressed to land anything at a BB. Generally a lot of FT hiring is hiring interns away from other banks or kids who did good internships in similar fields (say, PE).

This is not a dumb question, but it has been asked many times before (I'll answer it for you, but if you search you will find a lot about this). BB's overhire interns so that they will be able to choose from more qualified people when filling FT positions. Many spots are taken like this, and BBs also hire a lot of SAs from other BBs that want to change firms/groups. This doesn't leave many spots for everyone else. That being said, it is definitely possible but it would require a good combination of school/GPA/networking/interviewing skills as well as past IB experiences at MMs and Boutiques. I'd suggest that you start networking, working on your interview skills, and finding a relevant internship ASAP if you want to have even a small chance

No gonna happen.

Do you mean you have no internships at all or just no internships at a BB?

More experienced folks, feel free to correct me.

I'm networking for post a post MBA (spring '14) associate gig without previously working in IB. That being said, I'm also in my early 30's and have been in a client facing energy S&T job at a MM bank for almost 10 years while also going back to school. What I'm saying is that I'm coming from a slightly different background.

I've spoken with Assoc/VP/MD at 6 different BB's in the past few months and the only consensus is that getting in without interning is tougher than if you had. One firm said no way/no how, unless you were a summer intern you can't get in. 3 others said that they will fill about 80% of the class with SA's and I will be fighting for the remaining 20% of slots. Another said that it really doesn't matter, it's about relationships and while the SA's have a head start, networking into the as I did gets me into contention.

It's funny, one Associate told me that I ought to sell out and intern this summer, giving up a low 6-figure job and taking the risk. THAT would show the banks I mean business. I repeated this story to a few of the other guys I networked with and they said that was the stupidest crap they had ever heard.

Boutique and MM shops don't seem to care. My work history is enough for them. Then again, I believe they all lose team members to the BB's and have to reload.

Anyway, I probably didn't add anything except to emphasize that networking is the key. I was non-target UG (hell, my MBA is mid-tier), but have a great work history and leadership experience. You can't change the past, but you can network like a madman and show that you are hungry. Will it work for me? I'll let you know in 12 months. Good luck to you.

Yes it is possible because I am BB Final Rounds as we speak. Will know next week my fate for a response.

@SonnyZH, nope, not JPMC. I really like the guys I've met at JPMC and they seem quite open to non SAs. I'm also not trying to get to NYC, so the satellites may operate in a different manner.

Not gonna happen. You'll be competing with kids with boutique/BB IB internships