Full time 2020 Recruiting

Dear all,

I would like to evaluate my chances for a FT position at a BB in London and if a Master's program is necessary in my case.

My profile: * BSc from TOP5 BS in German-speaking country (2:1) * Three internships during studies (2 big four, 1 European bank), all generalist * One internship (2019) at a tier 3 BB **BUT **with a special focus in which I do not see myself in the long run (think O&G, RE, FIG) * Deal and modelling experience but no experience in London

My main concern is that if I apply for FT positions, I am automatically out for intern positions in 2020. Would it be too strange to aim for a return offer in another group and in another country (i.e. UK)? I want to avoid the costs for a masters (~EUR 50K) if I can.

Thank you very much!

Btw: I am asking this early since I am fully aware of the fact that some networking will be necessary.

2 Comments
 
Most Helpful

The internships are a good start, and regarding the 'special focus' issue, tbh you're early enough in your career that you can give them a good story in your cover letter/ interviews to explain why you'd like to pivot into something else. Regarding the lack of experience in London, I don't think that's a problem either. London banks hire lots of Europeans with no prior work experience in London so you wouldn't be alone in that regard, in fact may make you stand out a bit more if you twist it the right way.

You are right that if you apply FT you will knock yourself out of the running for a lot of internships - I think in that case you would need to see what your risk appetite is. Obviously a lot of banks hire heavily from their intern classes, so the odds of getting a full time straight in are quite low. That being said, there are a few banks (Citi in particular comes to mind) which allow applications to both summer and FT programmes simultaneously.

Overall, though, I don't think a Master's is necessary for you to get a FT offer, but an internship in London might be.

 

Voluptas maiores odio sit excepturi ab natus. Consequuntur fugit enim quibusdam non quasi occaecati.

Et magni accusantium iusto autem. Explicabo sequi eum rerum pariatur vitae qui quis. Fugit earum autem distinctio quia qui est debitis. Minima consequatur numquam quia sequi. Nisi fugiat consequatur et numquam. Qui sapiente labore veritatis illum hic quia doloremque harum. Nostrum possimus assumenda provident odio incidunt eveniet.

Incidunt voluptatem iusto deserunt aspernatur harum cumque officia. Ab non assumenda quia praesentium quidem omnis. Blanditiis occaecati maiores eos autem distinctio fugit et accusantium. At dolorem vel itaque ipsam sed corrupti. Ullam non eaque sapiente reiciendis. Reprehenderit illo minima commodi nulla expedita exercitationem. Optio dolorum corrupti velit.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”