Full time recruiting from a target school and having no luck

So I’m an AN1 but I’m friends with someone who is a senior in college. She has a ~3.9 at a top 20 college. High SAT and high school valedictorian. No Internships, but has had a shit ton of research experience and worked meaningful jobs throughout college. A liberal arts major but has As in Organic Chemistry, econ classes, etc. Clearly very smart. She has applied to so many jobs and have had absolutely zero luck. She’s mostly focusing on high finance roles and consulting. She recently ramped up the networking with alumni, but she fears her efforts are too late.

What advice would you give my friend? I kinda got lucky bc I had my SA role and then a return offer so I never really had to spend any time FT recruiting. I kinda feel bad because on paper they’re probably a way better applicant than me but I didn’t have to suffer in the job application process nearly as much as they are right now. It feels kinda unfair tbh. Any people here have any insight to this situation? I really want to help her out.

11 Comments
 

I mean I speculate banks will start hiring more maybe at the start of Q1 or q2 in 2023, but if I was her, I would have some backup plans in case IB/Consulting does not work out, because the truth is that she is going up against a lot of candidates right now with SA experience, and most of these kids will have similar academic credentials (high sat, top 20, etc) These kids (including me) have been networking, studying, interviewing since Freshman/Sophomore year for IB, so her lack of interviews will definitely show compared to other candidates.

Her best bet would have been diversity pipeline. Not sure why she decided to recruit for these roles so late.

 

That is what I have been hearing from peers who are recruiting for FT. I know for sure BOFA told one of my friends that they will have to reassess hiring needs and may start recruiting closer to 2023 Q1. Also, it just makes sense for any companies to reassess hiring needs after their earnings come out. But everything is speculative.

 

Et perspiciatis tempore qui quibusdam voluptatum autem maiores. Impedit quia dolorum molestias culpa accusamus ut enim. Odio voluptas velit nobis natus consequatur.

Voluptas cumque eligendi neque vel. Itaque id nihil quidem dolorem. Perferendis culpa omnis neque fugit ut quos. Ducimus placeat necessitatibus eos corrupti possimus et. Sint sapiente id recusandae libero qui et possimus. Et eos suscipit est et officiis cum.

Dicta eos illo ea voluptas. Et dicta maxime soluta. Aliquid et maxime iste velit dolores iste ipsa enim.

Aliquam quia exercitationem voluptas sit. Quia porro iusto quo officiis. Cupiditate et nesciunt fugiat voluptatem voluptates aut. Explicabo distinctio natus voluptas doloribus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”