How Much Do Banks Draw From Outside Their Intern Class?
I've been browsing the forums for a while, but I finally created an account today to make this post. FYI, I'm a rising senior at a non-ivy target school.
In the spring of my Junior year, I applied to all the S&T positions with no luck. Fortunately, I was able to land a job with a small PE shop in New York, so it wasn't all bad. Anyway, I'm curious to know how much the big bank sales and trading firms draw from outside their intern classes. From what I've heard from my friends in the business, banks usually take a large percentage of their intern classes, so I'm wondering how many spots will be left to recruit seniors for first year positions. I'd really like to work in S&T after I graduate, but I'm afraid the window of opportunity may be closing. What is the outlook for people in my position?
They only draw landscapes, self portraits and baskets of fruit
I think it's north of 50%, but not sure. Anyone at a BB care to elaborate?
Changes too much summer to summer, bank to bank to give a precise answer.
From several ppl I know at BBs: 50% is a very good generic average, and in good years can be up to 80%, some were taking only 20% during the crash year [Lehman and Bear took ZERO, obviously]. These are highly generalized numbers, and as stated above: it's dependant on the bank, where you are in the business cyle, and also the group itself.
Look at it this way: if you make an effort to actualy grind it out, your chances are 50%+ if you're halfway decent.
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