London Off-cycle vs Graduate Role

Hello, how competitive is Off-cycle compared to graduate roles for Investment banking positions? I heard graduate roles are impossible to get without experience but yet some people do get them without any and I've also heard stories of people getting Off-Cycle quite easily too. Can anyone take me through their experience applying for IB Off-cycles and Graduate roles with no experience (or some but in an unrelated field).

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Grad roles are nearly impossible, vast majority of spots are filled with summer analysts so they might open the program for 1-2 spots only (and if they do). OC is good choice if you've missed SA or want to re-recruit. OC is indeed competitive, a lot less spots available (only a few banks hire OC) and less candidates than SA but usually with some experience already so you do see slightly older people with decent backgrounds there.

 

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