Sales & Trading SA 2023 Application Updates (London).

What is your current status for S&T summer analyst application UK ?

Goldman Sachs -> Few received HireVue
JP Morgan -> No Update
Morgan Stanley -> Few of the applicants completed 2 rounds of telephonic interview. Not heard of AC yet in S&T.
Citi -> Application Review / Business Review
Credit Suisse -> Tests / HireVue extended to selected candidates
UBS -> No update after online interview (Sonru)
Bank of America -> No update after Hirevue (just reminder mails)
HSBC -> No updates
Nomura -> Business Review / Some invites sent
Barclays -> No update after tests and digital interview
Deutsche Bank -> No update after tests and interview

140 Comments
 

Depends on your resume. If they think there are elements that show you have technical knowledge they will ask you questions on it.
But no very intense questions just basic questions.

 

Do you know anyone who has received MS AC. wanted to connect regarding the application timeline.

 

Heard that some people got mail from JP Morgan regarding choices within Markets. Anyone here got it?

 

What are the steps after Job simulation? are the offers out for S&T?

 

Offers are out for IBD and S&T, I'm not actually sure what the process is I just know two of my mates got offers without spring weeks.

I believe process is job sim straight to AC but I may be mistaken

 

have done my 1st round at GS GMD and still waiting the outcome. also some others 1st rounds and some rejections (of course). What about you?

 

getting a 2nd round at MS is really great. Btw I think that this forum is the prove that Application Process is very tricky and the only way to get the role is by using the law of great numbers.

 

im talking as a student with already a summer intership at BB in my pocket and, yes, this year I got much more attention than previus ones, but still I cannot see why we should be rejected just because we dont pass situational tests (im not even complaning about numerical tests because these "quantitative" tests are aimed to test your mathematical knowledge; Im talking about situational tests where, for instance, you have to rank the answers: they are highly subjective and sometimes there is not event right/wrong answer, personally talking)

 

I also applied to every bank almost on the day the application opened. Let's see what happens next. when did you have your 1st round MS?

 

That is because Optiver has a different process. They only care about people who are quantitative enough. Their nunerical test is a better proxy for succeeding at Optiver than a bloody stupid SJT.

 

Any idea on how much time does it take after 2nd round to get AC at MS.

 

Provider is SHL.
The tests will unlock one after other. The order is 
SJT -> Behavioural / Numerical -> Numerical -> Video Interview

 

I didn't receive a mail but on the portal it asked me back in August about my choices after I completed the test.

 

Got a few friends that did MS AC (S&T) a couple of weeks ago, I was rejected after the 2nd call.

Aiming at normalizing excellence
 

Had Citi SA first round today, two interviews a 30min, first one was super enjoyable and basically just a conversation, 2nd was your average behaviorals + investment idea

 

Any opinion on Barclays (London) vs UBS (London) for Sales & Trading?
Which desks are they known for?

 

Goldman Sachs GMD SA 2023, they sent an email saying: "We are working through reviewing all video interviews. Due to the current environment and volatility of the markets, this is taking longer than expected and we aim to get back as soon as possible in the next few weeks.

In the meantime, if you have any exploding offers please do let us know. "

do you know if it's automatic to all 1st round interviewers or not).

 

Anyone heard back about BofA for Markets after the HireVue? Not sure if they started yet..

 

yeah I was just wondering as they're holding two dates for the acs for grad roles so must be interviewing a few people, and they said they would give an update but haven't heard of anyone getting an invite 

 

Quo totam atque quod voluptatum molestias possimus. Nulla maxime sed reprehenderit nesciunt quidem ipsam deleniti. Qui ipsum est veritatis laudantium deserunt perferendis placeat. Doloribus maiores ipsam dolorum eum quas enim soluta perferendis.

Consequuntur sed voluptas esse placeat nulla molestiae eveniet. Quo voluptate explicabo ut repellat. Nemo dolorem provident ratione. Est incidunt aut voluptatem accusantium. Aut magnam porro amet qui.

Quis rerum aut rem est sint accusamus quae. Autem et error nesciunt in hic ad. Accusamus vel dolores dolores.

 

Voluptatem voluptas et voluptas libero. Est veniam qui est iusto ab cumque saepe. Id alias optio eaque sint nemo quas.

Ut et repellat minus ipsam. Est facilis ea omnis. Modi sed eaque cum qui in velit ab. Illum qui suscipit at qui pariatur.

Quia amet quod qui. Deleniti molestias aspernatur impedit enim fuga impedit et. Ex doloribus atque doloribus debitis est.

Nobis odio eius et beatae. Dolore placeat vitae sequi aperiam. Fuga ab rem eveniet asperiores eligendi iste. Ex ut et sunt et in necessitatibus a. Nobis porro ut rerum est.

 

At est officia eius harum et amet eos. Consectetur voluptatem ratione blanditiis. Ducimus voluptas perspiciatis voluptas deserunt non corporis eos.

Nihil nemo iusto excepturi sequi. Distinctio facere recusandae natus consequatur eos dolor ex et. Quisquam quisquam saepe est consequatur fugit. Sint perferendis repudiandae quis aut non ipsum velit quaerat.

Quo totam eum suscipit quo debitis unde molestiae. Vel porro harum tempora tempora minima ipsa. Qui saepe quidem laboriosam itaque sed. Aliquam est et aperiam odio repellat ut.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”