Do I stand a chance applying for an IB Summer Analyst Graduate role/scheme/program?
Applied to a couple of BBs for an IB Analyst grad job for 2022. Only applied to 2 so far, been rejected by one - didn't even get to vid interview stage. RIP.
Before I carry on applying to loads and taking on a huge workload, do I stand a chance of breaking in?
Here's a summary of my profile:
- A levels: Maths, Physics, Chemistry = AAB respectively
- Doing Economics at a semi-target = grades have consistently been high 2:1s, got 69 in my second year lol
Relevent Experience:
- Interning at a boutique IB (bank has no name recognition and its based in Delhi) as a PE Analyst - made insight reports, investment memos to be distributed to institutional investors, analyse pitch-decks of startups and then have meetings with the management team of the startup to query them on their business and then give me recommendation to the IB from this
- heavily client facing role
- chair meetings between institutional investors and startups
- Worked at a Currency brokerage onboarding clients
- Research and analyse stocks for a hedge fund that has live positions in them
- report directly to the CIO
Other stuff:
- Write my own financial newsletter on the market, stocks, investment philoshopy
- was a PM manager for the student investment fund
I've not started networking yet, I know this is something I must do to increase my chances of breaking in.
Do be honest with me as I don't want to waste my time, pouring over companies and relevant transactions/deals to get absolutely nowhere and miss out on other my promising opportunities.
Also, any advice will be appreciated.
Cheers guys
Apply to mainly off-cycle internships (and summers where these are not available) for the main EBs and BBs, your profile is good enough to be considered in the 'lucky dip' that is London interview selection - nothing guaranteed but nudges over into being worth the effort. Will still be a tough process.
You could try full-time for some of the smaller (but still very good) banks like Stifel, Lincoln, BMO, etc.
brilliant, thanks for the help
Maybe you should consider applying for SA instead of FT if you're worried about not being competitive? You can say you're planning on doing a masters. FT recruiting is ridiculously competitive from what I've heard. Which BBs have you applied to?
What is ST and FT?
Also the boutique bank and interning at has no name recognition. They specialise in startups in India
Applied to MS and GS. No others are open.
Submitted an application to William Blair last night.
SA = Summer Analyst, FT = Full Time. Sorry for the confusion! I agree with the above comment, target off-cycles and summer internships (you can say you are planning on a masters). Full time recruiting is very competitive (especially at GS and MS lol)
I’m very surprised you wouldn’t be getting looks with your profile. Very solid and have seen worse get offers with limited local IB experience (granted the person i’m thinking of was a girl who done MSc Finance in London). But maybe do just that, look into doing a Master’s, look into a CV coach and hone your CV perfectly for IB jobs, as I do think it’s hard to use the same CV for buy and sell-side jobs. I look at CVs coming in every now and then and can just tell kids who recycle their CVs for jobs on both sides of the aisle
How's this for a strat: I apply for internships in IB rather than grad jobs and say that I plan to do a masters as I'm in my 3rd year (I'm not), manage to land an internship. Do the internship with the intention of getting a grad job straight after and ditch the 'masters'?
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