Need Help
Currently a senior at a non-target (still a respected business school). Have three IB internships, student athlete, and campus involvement on my resume but nothing lined up. I see so many of my classmates getting jobs and can't help but feel nervous. I know FT recruiting happened in August/ September but I didn't get great traction. I have reached out to virtually every recruiter and am continuing my networking efforts. Will seats open up later this winter and early spring or am I screwed? Feeling even worse with the potential layoffs Q1 2023.
Did you have a summer internship? There's still opportunities but more so in ecm, private capital markets / growth mm banking and other non traditional ib roles. They might open up more spots closer to full time start but I'd start looking at adjacent roles like equity research and accounting where you can try to make the switch later on so you have a back up.
Yes I did, I stayed on with them for the fall. I wanted to see if I could make the switch to a larger bank FT. I have a classmate who graduated last year who didn't intern at a bank but got a FT role with Citi in February. I was curious if any seats might open up like that. I know some banks off early career cohorts.
Do you mean as a lateral or campus recruit before graduating? The processes are pretty different. Also, was it one of Citi's untraditional groups like carbon transition etc? I could see banks hiring for those groups and DCM / ECM but not traditional coverage to be honest. If you want traditional ibanking at a BB/EB, best bet is to lateral after 6-12 months on the job.
I talked to him when he was going through the placement process but another contact mentioned he believed a kid who went to my school (assuming that kid) was in the energy group. I have been told by multiple banks that campus recruitment has concluded and they will keep me in mind if anything needs to be changed. Preferably I would like to start at a BB/EB/ top MM upon graduation but I know how difficult it is. I believe I have built a very strong resume, however I did not realize how early IB recruitment was and how important your junior summer is. My concern is the bank I summered at is a no-name MM where I have no chance to lateral into a top bank. I am also interning at a much more known MM (offices across the country) who was recently absorbed by a large commercial bank.
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