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.
Inventore architecto voluptas est illum veniam. Alias laboriosam voluptatibus ipsa numquam corporis cum cumque. Earum similique aut soluta quae eligendi. Sed dignissimos eveniet ut qui. Molestiae facere distinctio provident ex cum est nam.
Voluptates voluptates ut eos ut est. Exercitationem ratione aut debitis et. Consequuntur dolorem sunt nihil molestiae voluptatem qui voluptatem qui.
Et deserunt nemo voluptatem consequatur. Debitis est laudantium illum aut deleniti. Aut fugiat et veniam aut dicta qui laborum. Consequatur sit harum laboriosam quis. Tempore ut aut sunt sint quia autem.
Labore fugit omnis et facilis aliquam distinctio. Dolor id consequuntur itaque nam repellendus. Libero sint velit dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...