Yes I've used the search function: Any banks still hiring?

Non target senior here- very strong resume and a strong network. I've had my resume passed on to HR by VPs and Associates of BBs and MMs but I haven't had much luck... my contacts (who aren't really involved with recruiting) are telling me that HR is giving them mixed signals.

Does anyone who are involved in recruiting and/or actually work at these firms know if companies are still looking to fill spots? I know (or pretty sure I know) that JPM, BAML, and DB are completely full; Houlihan Lokey, William Blair, Piper Jaffray, Oppenheimer, Raymond James, etc - pretty much all full.

I'm hoping I have some luck with say, a Credit Suisse or Barclays....anyone know?

22 Comments
 

BAML isn't completely full. Probably only a few groups within IB are looking to hire though. Jefferies is completely full unless someone reneged or something. Credit Suisse is definitely completely full. There might be a group or two at JPM that had 1-2 slots open but they recently filled the only opening in one of the groups that was looking.

DB is a no go. I think Barclays might be done but I'm not positive. Their offer rate was lower this year if I remember correctly. UBS is almost definitely full as their offer rate was obscenely low and they've been firing analysts.

Pretty bad year to be trying to break into IB.

Edit: this is all NYC

 
thom.yorke.thomBAML isn't completely full. Probably only a few groups within IB are looking to hire though. Jefferies is completely full unless someone reneged or something. Credit Suisse is definitely completely full. There might be a group or two at JPM that had 1-2 slots open but they recently filled the only opening in one of the groups that was looking.

DB is a no go. I think Barclays might be done but I'm not positive. Their offer rate was lower this year if I remember correctly. UBS is almost definitely full as their offer rate was obscenely low and they've been firing analysts.

Pretty bad year to be trying to break into IB.

Edit: this is all NYC

Do you know which groups are still open at BAML? Also, Lazard's site says the deadline has passed fr applications, should/could I still submit?

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
 
Best Response
That_Aston
thom.yorke.thomBAML isn't completely full. Probably only a few groups within IB are looking to hire though. Jefferies is completely full unless someone reneged or something. Credit Suisse is definitely completely full. There might be a group or two at JPM that had 1-2 slots open but they recently filled the only opening in one of the groups that was looking.

DB is a no go. I think Barclays might be done but I'm not positive. Their offer rate was lower this year if I remember correctly. UBS is almost definitely full as their offer rate was obscenely low and they've been firing analysts.

Pretty bad year to be trying to break into IB.

Edit: this is all NYC

Do you know which groups are still open at BAML? Also, Lazard's site says the deadline has passed fr applications, should/could I still submit?

That would be the deadline for applications from candidates who are not applying through an on-campus resume drop. I can confirm that they are still interviewing. Your best shot is to find a VP or higher who can pass on your resume.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

^ Yes I'm talking about all NYC offices. Are you sure your friends aren't interviewing slots that might not even exist? (Firms do this to maintain school relationship).

It's so tough...

 
TheBlueCheese^ Yes I'm talking about all NYC offices. Are you sure your friends aren't interviewing slots that might not even exist? (Firms do this to maintain school relationship).

It's so tough...

I mean, I suppose that is possible. One guy landed interviews at these firms through networking because he's been out of school for a while; I hope they wouldn't throw him onto superdays just for the lulz.
 
DonVonI hope they wouldn't throw him onto superdays just for the lulz.

It happens, sadly.

"There are three ways to make a living in this business: be first, be smarter, or cheat."
 

I gotta say - this is a pretty depressing thread. Keep hustling - if you're qualified you'll get your chance.

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."
 
TheBigBambinoI gotta say - this is a pretty depressing thread. Keep hustling - if you're qualified you'll get your chance.

Sad to say but I don't think it's the case anymore. A lot of qualified candidates will be left with nothing... or no name boutiques out of undergrad

 
TheBlueCheese

Sad to say but I don't think it's the case anymore. A lot of qualified candidates will be left with nothing... or no name boutiques out of undergrad

Who gives a shit if it's a "no name boutique"? If somebody truly has a hard-on for banking (and not just one for some cockamaime 'exit opps' OMG PE PE PE PE), why should it matter what the name recognition is? That person ought to enjoy it regardless because they're fulfilling their dream of working in investment banking.

To the OP, while I can't comment on specific banks' hiring, it's a crappy market for M&A right now, deals are the lowest they've been since 2009, and things aren't going to be making a quick turnaround anytime soon. You just have to gird your loins and bite the pillow. But if you keep at it, something will happen for you.

 

I go to a semi-target, and I know that Nomura, among other foreign banks are hiring more. There are some banks in emerging markets such as Brazil, India, China that are hiring non-stop, so try to set your scopes internationally. You said you were from a non target, so it might be more difficult, but even if you have to take a MO job, it's better than nothing. (BTW, Risk is actually really great)

 
AQMI go to a semi-target, and I know that Nomura, among other foreign banks are hiring more. There are some banks in emerging markets such as Brazil, India, China that are hiring non-stop, so try to set your scopes internationally. You said you were from a non target, so it might be more difficult, but even if you have to take a MO job, it's better than nothing. (BTW, Risk is actually really great)

Pretty sure Nomura is getting out of i-banking in the US...

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

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Here to learn and hopefully pass on some knowledge as well. SB if I helped.

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