those of you who didn't get a return offer after S&T SA, where did you go?
Hey Monkeys.
Seeing as this year's S&T SA return rates will probably be abysmally low (feel free to correct me if I'm wrong) and FT recruiting most probably a total bloodbath everywhere, I'd like to ask: For those of you who didn't get a return offer/didn't want to return to the bank you summered at, where did you go for FT?
After a quick swipe on LinkedIn, the common exits I found were:
- Downsizing a notch i.e. larger BB SA to smaller BB FT (e.g. GS to BofA etc)
- Downsizing more than a notch i.e. BB SA to MM/non-BB FT
- Lateralling i.e. moving BB to BB of comparable sizes (dream scenario tbh given COVID)
- Private Banking/PWM
- Prop Trading
- Buyside (MF/HF)
- Doing something else?
Anybody got any war stories to share? Is trading up banks for FT possible at all? Either way, I'd imagine one would need heavy networking to re-recruit for an FT spot. It'd be great if somebody could walk through the re-recruiting process for S&T as well.
Cheers and stay safe!
why would the conversion rate be abysmally low for S&T? Seems like most groups are doing okay/well
S&T this year is THE internship you want. Remote or not, vol is high across asset class and desks are making money hand over fist. Good luck this summer!