London IB target vs non-target
Does coming from a non-target US university matter much in summer 2023 London IB recruitment? Are IB internships reserved for pentultimate year or do they have soph year opportunities?
Non target uni... From another country... Yeah it's not happening mate.
We don't have a sophomore year. We have 3 year degrees. We have spring weeks -> summer internships -> FT. And then off cycles and placements for off cycle recruiting.
Coming from outside the UK you are in the international pool where you will be pitted against hordes of European Masters students speaking a desirable 2nd language who have 1 to 2 years of offcycle internship experience at PE/IB (HL/Roth/Laz/continental European banks). It is not happening for American non-targets because US undergrad is structured differently to European programs and you are objectively a much weaker candidate as a result.
Does language matter? Bc I speak, read, and write Russian and Spanish (native). Other than that thanks
Yes but that's the norm among European applicants and they will likely have much stronger internship experience and alumni networks (HEC, Bocconi etc.) than you applying from the U.S. TBH if you are a native Spanish speaker it would be much easier recruiting for the LATAM desks at BBs in NY. These desks are much less pedigree-focused even at the gs/ms level.
Great advice, thanks
No please, don't discourage the kid. We literally have people from Exeter, Manchester and Durham working at the BBs here. Not that these aren't good unis or they aren't good candidates, but they don't come from the traditional "league" unis. I think the UK is more relaxed about prestige than the US is. As opposed to the US where English is the language of all the states, our clients come from all over Europe, hence languages are a BIG plus.
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