Thought it would be prudent to start a post to share developments of BBs/EBs/MMs recruitment process updates for the '24 cycle.
Any updates on the below?
BBs: GS, MS, JPM, BoA, UBS, Deutsche
EBs: PJT, Evercore, Lazard (?), Rothschild, Centerview, Moelis
MMs: Jefferies, Houlihan, Greenhill, Guggenheim
| +21 | Big 4 audit to IB - have I made a terrible mistake? | 9 | 1d |
| +17 | How to line up a “burnout” exit from PE? | 8 | 2d |
| +12 | Internal Referrals Not Even Working | 1 | 3d |
| +10 | Cold walking in to firms to drop off CV and intro myself.. Good idea or not? | 2 | 2d |
| +10 | KKR Insurance FT27 | 12 | 4d |
| Getting into quant ? | 1 | 5d | |
| +6 | Background Check | 2 | 23h |
| +6 | Citi corporate banking | 5 | 1d |
| +3 | Updated Views on Sunstone Partners | 0 | 1d |
| +3 | Exits to AI | 1 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
You’ve left out a bunch of MMs
WB, Arma, Baird, HW, Lincoln, Alantra, DC, Gleacher etc. haven't opened yet... but let us know how that progresses once open.
Literally every MM you named except Jeff is actually an EB btw
Congrats on Houlihan Lokey!
IBD at Houlihan is middle market, RX might be considered a notch above. But this is not the point of this discussion haha, name them what you will, just wanted to see whether anyone has gotten any updates re processes in London. Feels like its opened earlier than last year but is moving much slower... thoughts?
Missing HSBC, SocGen, BNP, Santander, MUFG
lol okay..
Strongly recommend not being very cocky until you actually get an offer - look forward to hearing how that goes though ;)
chances of getting a MS first round if i hit requirements for 3/4?
W numerical
W verbal
W inductive
L SJT
by L SJT if it’s ‘less aligned’ then not a good chance, but if it is at least ‘aligned’ then you may get through
Its over bro
I didn't even get verbal, only numerical, inductive and sjt.
same.
Didn't have a verbal one, are you sure you had this?
Just completed mine and got the following:
Numerical reasoning - well above the requirements
Inductive reasoning - well above the requirements
Situational assessment - very aligned with business unit
Did I miss an assessment?
Also what is the best result one can get on these assessments?
People with very well aligned SJT and similar Numerical Verbal and Logical have been rejected already
It’s quite random tbh
It is not random. When you meet the benchmark for the tests, they look at your CV and if you have what they are looking for then you get TI.
Bank of America -> HV out
Evercore -> first wave, advisory first rounds out
Jefferies, Greenhill and Centerview have opened applications?
Also is anyone else who applied for BofA ER still waiting for a HV?
GH is today, Centerview no idea, they do a Oxbridge networking event and invite to AC from that I believe, but also not sure exactly, no one is really willing to speak about it. Jefferies no idea when they open
For CVP a recruiter messages you a link to apply to the networking event. There is one in London and one in Oxford
Don't think jeff will open
Lazard is only recruiting for ER and Sales & Marketing, IBD SA got filled from spring weeks.
Again… ffs
does anyone know if MS has given out HV?
I dont think they do HVs..
bump
They did for S&T
I really don't think so... buddy who just completed his SA stint said the didnt have one, only Online Test and then Telephone Interview, followed by second round interview, and then AC with a case study
Heard on the group chat that some people already received HVs for IBD tho. Might vary from last year.
Group chat? LSE? Imperial?
Didn't hear anything for IBD. HVs have defo been given out for S&T though
Can confirm, there are HVs this year for 2024 SAs.. just had an event and spoke to HR. For Continental Europe Office also have in-person interviews after the AC in London (which will be the hub for all candidates progressed to ACs in Europe)
quite fast, quite accurate and extremely fast, quite accurate enough for UBS hv anyone know?
Big emphasis on SJT. Your scores should meet the benchmark for pschometric I think
.
anyone heard from Guggenheim?
Nope. Bump
If you completed the Nomura OT, what level did you get to on the moving block challenge?
I think I made it till level 8 but I ain't good at puzzles.
13, u?
Only got 9. Im usually good at puzzles/pattern tests too but I always dread seeing that block moving challenge come up in OTs
anyone heard from Barclays IBD/Markets after the online assessment (no VI)?
Got invite to do another online assessment after which was a VI
Was it straight after the OA or sometime later ?
Anyone know what’s happening with Barclays S&T, I applied when it opened but now they’ve removers the posting off the website
Anyone apply to Barclays grad programme and not get confirmation email or online assessment?
No confirmation but I got assessment
yeah, I still haven't got the assessment
Have you received VI yet?
Anyone know what to make of / gauge Rothschild Online Assessment?
Learning Ability and Collaboration were my positives and Time Optimiser was area for improvement.
Idk what to think, anyone who got an offer last year know what’s optimal or is it all dependent on random stuff. Thanks.
My assessment report was very strange.. dont know what to make of it either. Time Optimiser and Pride top attributes, and personal responsibility lowest lol.. should be perfectly aligned with business unit no?
We’ll find out soon ig idk lmaooo
I got credibility and relationship builder as my strengths, time optimiser as my area for improvement
Any updates re Rothschild?
Not yet... im assuming you haven't either?
Did you guys hear back from Roths?
Anyone have insights as to when GS may send out HV invites?
They are always late
anyone heard from raymond james?
TIs are out
UBS VI’s are out
When did you get the invite?
Today
First ones came out 4th of September
Anybody heard back from RBC after the tests? They said they would respond after within 15 working days
Markets TI have been going out for a week or 2
So I probably got dinged
Are IBD TIs out too?
Can someone confirm whether Barclays IB HV is out?
Any ER HVs out either?
Have heard conflicting things about Barclays Hv
Anyone know when JPM may respond (based on timing of previous years)? And is it true they immediately invite you to AC after HV?
Any process updates on BofA, JPM, GS, UBS or Barclays?
BOFA is at HV I think, same with Barclays and JPM
GS I haven’t seen or heard anything about yet
UBS is at the video interview stage too I believe
Hey,
Has anyone done the HV for JPM ? I wouldn’t mind an insight on the questions.
Thanks
Bofa - 1st rounds out
UBS - ACs out
Citi - TIs out
RBC - TIs out
Evercore - VIs out
BNP - Markets VIs out
Moelis - VIs out
Ares - VIs out
RJ - TIs out
DC - TIs out
MS - TIs and HVs out
PWP - TIs out
BNP Markets ACs out
BofA first rounds being HVs?
I hope ur right lmfao
RJ VIs out
Did you get a virtual interview for RJ and when did you receive it?
I did the TI but haven’t heard from them
.
When did PWP TIs roll out?
over last couple weeks but its thru dartmouth so will be more
Stop the cap, BofA is still HireVue stage, Citi and Moelis are still at Online Test
For you maybe yes
BoA first round interviews out, not sure if they are doing waves tho
What's your source for Moelis? I applied when they opened up the apps and got their test invitation only a few days ago? Seems too quick for a VI??
Is it too late to apply?
yes its done now, no more investment banking opps open, everything has been filled
that is such a lie lol
Centerview invite-only networking event invites London sent out last week
Evercore Advisory Internship First AC completed yesterday, rolling basis/ needs based going forward
Are JefCo recruiting this year? Have heard rumours they're not running SA program in London.
According to Bristol Tracker Goldman IBD HV's are out, can anyone confirm??
If you haven’t received HV for BBs Summer yet should you consider your application as rejected?
Any updates on Barclays ER?
Which division did UBS send out AC? IBD or SnT?
Anyone ever hear from Raine?
Interviews are out
Damm, that's tough. Source / when did they come out? Assuming my chances are slim anyway, as it looks like they target LBS / business school students.
"Intern in PE" is a troll. Very few interviews are out. Most processes have not started interviewing.
Unfortunately not...
At a non-target but did a summer IB at a BB this year, is the market really this fucked or am I getting dinged for my uni (no TI or ACs yet)?
Same thoughts running through my head too. Target in same shoes as well. Job market really taking a toll for us lot.
Pretty disappointing seeing the updated stages coming through but not receiving anything. Went for SA instead of FT bc I thought there would be more spots available but doesn’t seem great
I'm at a target and having the similar problems but did get through some stages , I've read that London recruiting as a bit random so perhaps there's something to come
It is, but also worrying not to get a single one so far despite recruiting fairly early in the process
interesting, given the fact that in the comments below you claimed to have several second rounds
Following
If it wasn't for dartmouth showing love so far I'd be finished
What process you in with Dartmouth? PWP?
RJ 2nd round, Ares TI, Millennium TI (middle office tho)
How many apps people done so far? Currently on like 73
Similar
I’m at 80~ ish
I’m only on 13 with 2 second rounds and UBS VI. where are you guys even applying to…
How does that compare to other ppl u know?
Anyone heard back yet after Ares 2nd round (video interview) ?
How long did it take u to hear back about VI btw? (Just did the TI). I had a super quick turnaround for RJ VI just wondering if its similar
Heard back the following morning
I got sent a maths test to do the next day after VI and they said they’d get back around October 4th about AC
I got approached by Dartmouth recruiters but haven't heard from any firms for TIs from any of Dartmouth-affiliated banks (PWP, CV et al.)
What did they say?
Anyone familiar with the JPM process from previous years? Would be helpful to know what the usual timeline is between HV -> AC
Bump, would be nice to know
Last year one of ACs was sent out after HV in late December, with the AC scheduled for first week of Jan
I still haven’t been sent a VI since 2 weeks ago for a grad role should I message them?
Given you haven't been rejected yet, I would defo follow up. 2 weeks is a while, everyone I personally know who completed the HV received it within 48hrs (just fyi)
Are TI out for Citi?
havent heard back since plum test... what follows? a hirevue?
They send an email a week or so after the tests saying you passed the benchmark and we’ll let you know about TI
Voluptas quis perferendis architecto doloribus suscipit quia quo. Ea eos ut molestias quia officia. Omnis vitae omnis quidem accusantium. Et eos aut aut placeat possimus quam. Consequatur labore laboriosam et.
Esse excepturi quia tenetur similique beatae et. Nam molestiae ducimus pariatur autem laboriosam. Ratione aliquam blanditiis eos doloremque inventore veritatis maiores ipsa.
Eos commodi adipisci sit corporis eius. Sit dolor ut ratione suscipit voluptatem consequatur amet. Saepe aut ea voluptatem hic et doloremque. In deleniti rerum mollitia aut officia enim.
Sapiente dicta enim corrupti iusto numquam voluptatum et facere. Nihil eligendi nam mollitia itaque. Voluptas error natus iusto sequi excepturi voluptatem quos.
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...
Aut et nesciunt eos voluptatum facere. Asperiores quae ut velit omnis. Omnis nulla blanditiis totam libero accusamus et. Voluptates recusandae dolor inventore atque neque repudiandae.
Voluptatem alias aut aliquid autem. Voluptatem occaecati sed incidunt eum repellendus. Non sit aut magni accusamus dolorem. Qui rem expedita numquam voluptates consequuntur neque.
Et fuga sunt rerum eos aliquid. Rerum error quam magni nihil. Recusandae nihil temporibus quo consequuntur recusandae dignissimos. Nihil voluptatem ipsum optio asperiores qui voluptatem. Error distinctio libero optio corrupti iste modi. Quod aperiam ea cupiditate non.
Mollitia autem molestiae quia soluta. Ab modi omnis vero ipsum aut cum quis. Laborum quod itaque provident. Aut omnis sint et vero fuga excepturi occaecati.
Esse corporis quasi veritatis. Id molestias aut repellendus nam. Dolor velit sed sed sed quis ipsam.
Iste dolorum rerum qui culpa in aut vel minus. Dolores iste dolor et et eum adipisci impedit ut. Illum provident accusantium itaque expedita quia. Pariatur nostrum nulla tempora sint nam nihil id. Dolores non quia molestiae voluptates numquam inventore ab.
Quidem eligendi officiis consequuntur quasi voluptatem. Qui iste suscipit distinctio magnam sed. Mollitia unde eum ut veniam quas dolorum. Ut reprehenderit reprehenderit repudiandae commodi est facilis voluptate voluptas.
Facere sed qui ipsa. Temporibus eos quis sunt. Deserunt et cupiditate dolores officiis. Quibusdam et molestiae itaque qui vitae aut perspiciatis veniam. Cumque incidunt ut ducimus omnis nulla. Porro nisi inventore voluptatem aliquid quae dolorem.
Corrupti maxime voluptas ab enim et. Voluptas qui est aspernatur natus aspernatur. Voluptas corrupti quaerat provident voluptas. Deleniti labore explicabo similique. Et dolorem voluptatibus consequatur quas ut.
Iste fugiat dolores non ratione quia delectus sunt omnis. Ut odio porro repudiandae perspiciatis.
Nisi molestiae omnis vitae voluptatibus suscipit rerum dolor. Eius temporibus ad quis enim. Suscipit ut nihil facilis eos. Maxime ratione quia aut eos molestiae. Voluptatem tenetur sit nihil dolor quasi.
Quia blanditiis animi est molestiae excepturi. Sed repellendus corporis ut eaque aut reiciendis. Non nesciunt earum ut ratione ea incidunt maxime.
Vel possimus minima eligendi veritatis explicabo. Necessitatibus pariatur sint sed. Enim veniam dignissimos vel optio optio ut. Quia qui totam est maxime. Quo beatae distinctio ut reprehenderit et et magnam.
Corrupti fuga dolores et voluptate recusandae dolorem. Odit dicta ipsam suscipit quis. Id molestiae perferendis officia.
Laboriosam laboriosam est et ut occaecati dolorum impedit. Magni recusandae inventore qui et porro in. Harum rerum qui ut ea harum.
Non vitae non nihil quibusdam natus asperiores. Quae non sint necessitatibus nesciunt nihil. Dolores et possimus neque unde earum rerum. Eveniet adipisci dicta tempora nemo aut aliquid sit voluptas. Amet vel qui enim ex ea tempore error.
Pariatur fuga nobis recusandae eum alias dolor neque. Hic et soluta et et qui temporibus eos. Blanditiis dolorum est consequatur deserunt ad. Doloremque eum ea est nihil ea.
Vitae eum aut et. Consequatur autem animi dicta recusandae possimus autem. Aut temporibus ad qui magni nesciunt quia quas eaque. Nisi a fugiat temporibus ad impedit aut minima. Qui repellendus culpa voluptatem quasi est.