i ask because i know this asosciate at a BB who works in fig ibd and i already visited him in his office and talked to a couple of his work mates, im applying for a sa position at the ibd and i would like to know how much influence they have in the process... he is an alum and he said that he really wanted me to work there this summer...
thanks
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It would get you an interview for sure.
What if you go to a non-target? Would the alum be just as able to get you an interview?
I think at the very least you are guaranteed a 1st round interview.
what about senior vice presidents?
For firms that use super days the only guarantee that any person can give you (outside of like the CEO or CFO or something else like that) is an interview (potentially a superday interview). So, an alumnus of your college can certainly get you an interview if the bank does OCR, even if they are only an analyst. A high ranking alumnus, be it an MD or and SVP may be able to guarantee you a superday even if you screw up your first round.
However, once you get to the superday, it is very hard for any one person to help you out. Usually each group of interviewers will sit down and list the people in order and give their top 3 who they would like to make an offer to. Then multiple groups will sit down and will negotiate whos "top" gets offers. In general, only the people sitting in on those interviews have much say in the matter.
For firms that don't do a superday, that is the final round interview is done on campus or in a smaller group, one person pulling for you at even a moderate level can get you an offer.
yes. banks have internal referral systems. anyone from analysts to MD's can literally just submit the resume online through a dedicated internal referral website. of course, the MD can also just type an email to HR and bring the kid onboard.
Oh yea, and with respect to MD's. If an MD is bringing you on as a relationship hire, you are more or less guaranteed a job.
this ain't asia ibhopeful
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