2016 Full-time Recruiting

Hi everyone,

I am a rising senior at a top 15, non-target college. I have above a 3.7 gpa in a tough double major along with excellent SAT scores and top tier extracurriculars. I did a boutique banking internship my sophomore summer, but unfortunately wasn't able to get a BB or even MM internship my junior summer - lack of networking was my achilles heel. I am wondering how I should approach FT recruiting and what banks I should realistically be looking at.

I am finding it difficult to network because of how much I am working, and am really unsure what the timeline of the accelerated processes are and if they are structured by school - like intern recruiting - or if it is more random. Additionally, I have considered applying for 2017 summer analyst programs and doing a masters / taking a year off. Any insight would be greatly appreciated.

Thanks!

Comments (19)

Jun 30, 2016

In your shoes as well but it seems internships start pretty late this year and they are only gonna end late August, so I guess full time recruiting starts around then.

Jun 30, 2016

What exactly is a "top 15 non target" ?

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Jun 30, 2016

Think Brown, Hopkins, Cal Tech, Wash U, Vandy

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Jul 1, 2016

Those are all, at the very least, semi-targets.

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Jul 1, 2016

Bump

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Jul 1, 2016

As I'm sure you're well aware, most of the FT recruiting for the 2017 analyst class will come from the current summers. The number of open seats by the middle and end of August varies depending on who receives and accepts their offers. There may be one or two spots open for a few groups, but it could be even less. This is especially true at GS/MS/JPM. During August there will likely be just a few interviews at some of the second tier BB's to fill whatever seats are left over. Unfortunately, the most competitive candidates will be those who are coming out of an internship and looking to shop their offer around. I can't speak to how things work out at some of the EB's, but I'm sure it's similar to GS/MS/JPM.

That said you can still reach out to alumni and start networking. Check out my response in this thread: "2-ib-boutique-internships-and-2-pe-internships-but-low-gpa."

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Jul 1, 2016

So how would you advice on securing an interview at some of the lower tier BBs? I've generally had no luck with BBs cause people I've connected with(analysts & associates) don't know who are running recruitment

Jul 1, 2016

I would try to make some connections through the alumni community at the Associate/VP level or above if at all possible. I also wouldn't flat out ask for help with recruiting, just try to come across as competent and likable. If you do that effectively they'll do what they can for you.

Jul 1, 2016

Would advise against taking a year off or doing a masters just for a shot at SA 2017 recruiting. Firms tend to prefer consistency (ie. four year program -> finance-related sophomore internship -> IB-related junior internship -> then FT).

Use your sophomore internship to position yourself right. And keep your head up.

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Jul 6, 2016

Problem is, there are very few alumni at these places. Not sure where [Buckingham U] got the idea that all of them are semi-targets because that's just flat out incorrect. Additionally, from the alumni that are at these firms, I networked with many of them during the fall and it's a bit odd of a situation. Also, for the banks/people I didn't network with, they might question why I didn't reach out. Finally, how am I supposed to be networking when I'm working 60+ hours a week? Obviously there is potential for some time; however, it is quite difficult to try to schedule calls with busy people when I am busy myself. Thanks a lot for the help, Naram.

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Jul 10, 2016

bump

Jul 10, 2016

I'm in the same boat as well. I'm working at a BB in S&T, and the opportunity cost of networking is just way to high.

If I begin reaching out to people after the internship ends, would it still be possible to securing at least a few interviews?

Jul 10, 2016

I'm going to assume energy IB opportunities will be limited due to low price of oil and deal pipeline being feast to famine? Can anyone chime in that has insight?

Non-target with O&G experience looking to break in but finding out that few if any are hiring. Citi MD has told me they are not actively looking and will fill any roles from current intern class.

Jul 11, 2016

Built up a network in Calgary and Houston for full-time recruiting in the summer of 2015. Was in a boutique internship. They rehired summer analysts and then didn't even pull from full-time for the most part.

Jul 12, 2016

Not at all -- there's lots of restructuring and DCM/ECM dealflow down here in Houston at the moment, also you might alternatively look into trade finance and commodities structuring as they're doing pretty well at the moment

Jul 11, 2016

First, make sure you're up to speed on your schools OCR schedule this upcoming fall. Pretty much all of the T-15 school's are targets for at least one major shop, so I guarantee there'll be someone coming to interview for FT this fall. Make sure you know who that is.

For whatever reason that's not the case, I'm afraid you're going to have to prioritize working vs. networking. Getting connected with some alum from your school who'd be willing to help get your resume to HR is your best shot at getting a FT slot for next summer.

Jul 11, 2016

Also have some questions regarding FT recruitment. How many people in one firm should I get in touch with to push for my resume if I go to a top 20 non target? Also is it accepted to recruit for two cities in one firm? I know some BBs are lenient on this, but don't know what's the situation like for smaller firms such as EBs.

Jul 11, 2016
itsnottough:

Also have some questions regarding FT recruitment. How many people in one firm should I get in touch with to push for my resume if I go to a top 20 non target? Also is it accepted to recruit for two cities in one firm? I know some BBs are lenient on this, but don't know what's the situation like for smaller firms such as EBs.

I'd pinpoint one alumni to start with and then ask them if there are other people they'd recommend you speak with.

Jul 11, 2016
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