How to Break into IB FT Despite not doing a SA Stint

I would appreciate any advice you all could give about how to best go about recruiting for IB FT despite not completing a SA stint. What does the timeline look like for 2021 FT roles and what could I do to maximize my chances of landing an offer. For some context, I come from what is considered to be a target for most banks and I had received an IB SA role at a MM firm, but it was cancelled due to COVID-19. Any advice would be much appreciated.

3 Comments
 

This year is weird because of the whole COVID situation. Best advice is to network, apply in August and keep your eyes open on Handshake and LinkedIn for anything to pop up. A lot of us are assuming that hiring will pick up next year when deal flow goes back up though I can't guarantee it. Best of luck.

 

Thanks for your help. Any idea about what else I could to do to best position myself for FT recruiting? I ask b/c I feel for next year there will be fewer spots open for FT hires and it will be mostly filled up by the SA class.

 

Enim praesentium odio qui nemo. Voluptates non aut delectus omnis non eligendi consequuntur. Ducimus amet id omnis quo.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”