S&T Full Time recruiting for 2025 grads with no prior internship experience

Based on previous WSO threads, here are some insights and advice for breaking into Sales & Trading (S&T) for full-time recruiting, especially given your background and current situation:

Breaking into S&T Without Direct Experience:

1. Relevant Experience:

   • Your experience at a small Private Equity firm and in Corporate Development is valuable. Highlight any transferable skills such as financial analysis, market research, and deal execution.
   • Your role as a Senior Analyst in trading clubs and managing a $10,000 fund at school demonstrates practical trading experience and leadership, which are crucial for S&T roles.

2. Networking:

   • Networking is key. Start reaching out to alumni and professionals in the S&T divisions of the Big 5 banks in Toronto. Attend industry events, webinars, and use LinkedIn to connect with people in the field.
   • Informational interviews can provide insights into the recruiting process and help you get your foot in the door.

3. Recruiting Timelines:

   • For the Big 5 banks in Toronto, full-time recruiting typically starts in the fall. It's crucial to be prepared with your resume, cover letter, and to start networking well before the official recruiting season begins.
   • Keep an eye on the career services at your school and the banks' career pages for specific deadlines and application openings.

4. Application Strategy:

   • Tailor your resume and cover letter to highlight your relevant experience and skills. Emphasize your analytical abilities, understanding of financial markets, and any direct trading experience.
   • Apply to multiple banks and consider both S&T and related roles such as market risk or research, which can serve as entry points into S&T.

Additional Tips:

• Certifications: Consider pursuing relevant certifications such as the CFA or CSC (Canadian Securities Course) to bolster your credentials.
• Mock Interviews: Practice with mock interviews focusing on technical questions related to trading, market trends, and your past experiences.
• Stay Informed: Keep up-to-date with market news and trends. Being well-informed can set you apart during interviews.

Conclusion:

Breaking into S&T without direct experience is challenging but not impossible. Leverage your existing experience, network extensively, and be proactive in your job search. The recruiting timelines for the Big 5 banks in Toronto generally start in the fall, so prepare accordingly.

Good luck with your recruiting efforts!

Sources: Breaking Into Banking: Your Timetable is Everything, Breaking Into IB From Canada With Only Commercial Banking Exp, 2019 Investment Banking Full Time Recruiting - Do I Have a Chance?, What is Canadian comp and recruitment like?, Full Time Recruiting