Do financial sponsors groups hire MBA associates?
My understanding is that FSG teams tend to run leaner and more people go A2A. Do they still hire MBA associates? If so, is it more likely at certain banks than others?
Feb 15, 2023Feb 15, 2023
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Comments (8)
Hi sheldonxp, yes, I'm a bot, but I'm also good looking. Hopefully, these threads help you:
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At some schools, yes. Stern I believe always had at least 1-2 people summer in CS Sponsor group as they have some senior alum bankers there. I go to a lower rank school and honestly have never seen anyone get a Sponsor group offer in recent years (for other products like LevFin where we have alum, it's a different story).
Interesting, so you only really have a shot at groups where your school have alums in? That sounds extremely limiting tbh.
I go to a school in the T20-T25 range so this shouldn't be surprising. T15 and higher schools usually have more IB options IMO (an exception may be UNC in the T20 range as they have a pretty diverse IB alum base across multiple firms).
Yes, I know CS sponsors took 1-4 people a year from my MBA (Darden, Fuqua, Tuck). Plenty of other BBs did as well but a bit more scattershot.
Good to know about the other BBs since I imagine CS can't be counted on anymore.
Do you know if sponsors groups tend to look for people with a finance background? Or are they also background agnostic, as long as you can tell a coherent story?
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