How do people get SA roles at GS/MS/JPM due to the timeline?
It seems like top banks GS/JPM/whoever consistently have their interview process start after most banks have already given their offers. Given how risky reneging is, how in the world do non-diversity candidates actually get these offers? Assuming that reneging is rarely accepted, and that most people getting offers at top banks would have also gotten offers at lower-tier banks, I can't understand how these banks fill their classes with top candidates. From what I've heard about the interview process, it's not guaranteed even for students at top targets. Looking for some insight as someone who plans on recruiting for IB soon. Thanks.
I guess it’s not applicable to everyone’s situation, but I have interned at a mid-tier BB my sophomore year and thus was not pressured to recruit in the spring. I also knew that I was not interested in going to an EB, and thus just waited until GS, MS and JPM opened their apps and successfully recruited for one of these firms in August/September upon getting a junior year offer from my mid-tier BB.
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