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!

9 Comments
 

why would the conversion rate be abysmally low for S&T? Seems like most groups are doing okay/well

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