i still have a few weeks left in my summer internship and was informally extended the offer to work part-time during school. there's still a possibility they might extend a full-time offer but with the world crashing i can see the bank placing a freeze on new hires for now especially for a spot in 2012. i'm thinking i might need to take this part-time gig as a way to secure at least one offer.
to other rising second year MBAs i was just wondering what situation you're in recruiting-wise/strategy you're employing/what the word is at your firm for the upcoming full-time recruiting. a previous thread alluded to students at M7 having it made when it comes to recruiting but i think it's going to be more of a struggle landing a decent offer from any school.
I'm finishing up my summer internship (top 3 asset manager, equity research) and I am trying to land an IBD internship for the fall/spring part-time, which looks pretty good based on my contact at the firm.
I figure my strategy is like this:
If I get an equity research job (buy side preferably but sell side much more likely) awesome. I have almost 4 months of full-time SA experience as a 'real' analyst with 20ish equities in my universe so I hope I can leverage that to at least get some interviews.
If that doesn't work out, I can try to get into a boutique i-bank as an associate. I've spoken to quite a few MDs and VPs at local i-banks and they at least gave me informational interviews.
If that does work, I can craft a story and try to get into F500 finance/treasury.
If that doesn't work, I'm screwed.
M7 students have it pretty damm good. While the overall job market is weak, M7 students are highly coveted by employers. As I said in that previous thread, if you're at a M7, you just party, network, and land a six-figure job coming out.
Of classmates I've spoken with thus far (BB IBD/top boutique, PE (mostly small), and MC (MBB+deloitte)...everyone has either received an offer or feels pretty confident with 1 or 2 weeks left. One even turned down his MC offer...gutsy but no reason to do something you hate.
From what I've seen thus far from our career svcs, the roster of companies coming for FT looks pretty strong.
^ ^ thanks. that is encouraging to hear. i've been mostly out of touch with my classmates except for the HF and PE people and usually they go in with no expectation of full-time anyway. my bank only had a handful of mba interns and it wasn't through OCR. i guess i'll push for an answer before next friday.
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