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May 31, 2024
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Most banks want to shift people out from London towards European offices ASAP. At GS, people who do their internship in London get FT offers for European offices if they speak the local language. Recruiting for London is very difficult because of the following reasons:
1) You are not just competing against people from the UK, but you are competing against a ton of European candidates (and tbh quite a few Asian candidates too)
2) It's a really bad year for IB so headcount is down significantly, especially for FT recruiting
3) All the major banks are aggressively decreasing headcount in London and growing their presence in Europe
The combination of these three factors makes recruiting for London very difficult so if you are wrapping up your studies and need to maximize your opportunities of getting FT, I would 100% target continental Europe over London.
Don’t take it personally, I got MS’d for saying “Thank you” to someone lol
I think his is grateful. Just a little bit stressed because he/she does not feel to have enough time to be well prepared
This year has been really bad for me in terms of recruiting. I haven’t got a single AC this year for London. I got one for a prop trading firm in the EU which are much more competitive. Have applied for different roles here and no one is giving me a chance idk. It was not like this last year.