Off The Beaten Track - Summer Ops Intern - Tier 1 BB PB Analyst - Tier 1/Tier 2 BB Senior Analyst S&T
Wanted to use this opportunity to give back to the community, and let people know that you can always transition careers on Wallstreet.
I graduated from a semi-target top public university, but virtually a non-target for S&T. The prior summer during my junior year I was not able to secure any great interviews but got a offer from a top BB in their S&T middle office. I knew I was not going to take the offer full-time if I got it start cold-calling people during the summer (during my lunch break or immediately after work). Realized that it would be hard to transition to S&T, I figured the next best thing would be PB given that you would get exposure to markets. Cold-call/cold-email over 40 bankers over my summer internship (never met any of them) which ended up getting me interviews at all the Top BB for their PB/PWM analyst-programs. I think what helped was that I showed them my willingness to hustle and to build relationships.
After a year in PB, I felt that I had enough experience to move to S&T. Again repeated this process before but I emphasized my knowledge on the markets. It was tough to move internal given how different the lines of business were. I reached out to friends who were at different banks and were able to refer me in. My interviews consisted of market technicals (product knowledge and broad based economic questions).
Now I am prepping for business school as I am looking to move to a buy-side hedge fund. More than happy to answer any questions on networking, how to transition across and general comments on the industry as a whole.
Hi Taroon007, check out these threads:
Hope that helps.
Hi Taroon,
I'm in a similar position, about to graduate from a semi-target top public university but definitely not a target for Sales & Trading. This past summer I worked in banking at a MM European Bank and I tried to cold call people during lunch and after work but none of my cold calling helped me in terms of getting any interviews. I was mostly focusing on S&T people so I guess my question is should I shift my focus to PB/PWM Analysts and would it still be worth reaching out considering recruiting is pretty much done now?
@abrands From when I recruit for PB several years ago most of recruiting at the large banks would have completed around Nov/Dec. I would still reach out to people as sometimes they might have ad-hoc recruiting to fill seats in the class (especially true at a regional offices outside of NYC). I would also explore the option of potentially postponing graduation by a quarter or semester to give you a second shot at recruiting (this should only be a last resort).
Have a couple of questions
@Mimbs 1. I am currently in the FICC Derivatives space (more Macro focused) 2. On the sales side (tough to move to trading given my background) 3. Been in sales and trading for less than 1-year (team like me so my promotion to senior analyst happened relatively quick). Most banks usually start you back as a year one analyst. 4. Definitely not an easy decision to leave S&T given how difficult it was to get and how much I like but I would like to more over to the portfolio management side of the business and eventually become a portfolio manager. Less risk of automation and you get to build your general knowledge of the markets. I know it is cliche to talk about exit opportunities there are more considerable opportunities. 5. I liked PB quite a lot (no complaints) would come back to it in my 40s or 50s as I think it is a relaxing role where is comp is quite fair (high six figures/low seven figures working 50 hours a week). At least at my prior BB most senior guys in PB had formerly worked as investment bankers or in S&T (close to 30-40%). Their reason for moving into PB was that they wanted a more relaxing lifestyle. Not to say that you will not work hard building your book of clients that this will be relatively easy given your S&T background (you already know how to build relationships and sell complex products).
.
Non consequuntur quae delectus dolorem molestiae qui. Id quia occaecati modi. Minus at velit aperiam. Vel illum dolorem minus aut ab. Ex sunt tempore placeat reiciendis eligendi omnis atque.
Voluptatem vitae nulla quis itaque ipsum perspiciatis. Provident quos facilis recusandae et accusamus. Fugit esse necessitatibus rerum et animi molestiae sed. Quia sed hic magnam aut corrupti. Qui velit exercitationem cumque placeat. Eius autem voluptas commodi et minus itaque harum.
Et aut reiciendis est. Aut rerum eius tenetur dolores. Adipisci facilis facere accusantium nam aspernatur laboriosam est. Unde quia et ea quod id ut atque. Sunt quo et qui sint quia labore et.
Quia numquam voluptatibus delectus suscipit ut et. Voluptas natus quia vel animi. Autem quibusdam fugiat qui iusto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...