2021 SUMMER ANALYST RECRUITING THREAD

Hi everyone, I am a current sophomore looking to break into IB. Let's start a thread with relevant deadlines for 2021 SA. Post BB, MM, and EB application openings for 2021 SA positions. For example, I know Piper Jaffray is opening April 2020 for their 2021 SA class. Best of Luck!

Comments (498)

Most Helpful
Sep 29, 2019

Wow, I'm going through Superdays still for 2020 and this gets posted already...

    • 29
Sep 29, 2019

Agreed, slow down. There are still banks that are doing 1st round phone screens for 2020.

Array

Jun 5, 2020

I

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    • 3
Sep 29, 2019

As someone still looking for 2020 summer this gave me major scaries

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    • 10
Sep 29, 2019

Hahaha, yeah...

  • topboy
  •  Sep 29, 2019

Some firms have already wrapped up SA21 information sessions, so it's not too crazy to start thinking about this.

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Sep 30, 2019

It might have been tamer, but it was a ton less organized. SA19 (from what I heard) had all the banks moving pretty early. This year was a shitshow of some banks done with their process in February, some over the summer, and some that even now, haven't moved.

Array

Oct 10, 2019

SA 2019 recruiting was god awful. Some place were done between february and april. Almost all of them were done by June - July

  • Associate 2 in IB - Gen
Oct 10, 2019

recruiting timelines have exactly 0 to do with when we host information sessions

  • topboy
  •  Oct 10, 2019

I understand that, but if banks are hosting informations sessions it means it's time to start networking and thinking about it.. Not sure why I got so MS for that

    • 3
Sep 29, 2019

Citi, RBC, and Gugg have already done info sessions at my school for SA 2021. But they're coming back in the spring. I doubt the timeline for SA 2021 will be any earlier than SA 2020

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Funniest
Sep 29, 2019

I heard next week is 2023 superdays. Be on your guard.

    • 74
Oct 10, 2019

Can also confirm Citi info sessions are already taking place. Citi on campus interviews in the spring.

Oct 29, 2019

RBC just opened up their apps......jesus

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  • Prospect in Other
Oct 29, 2019

the application timeline of these banks is becoming worse than med school. here I thought 15 months in advance was bad...

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  • Prospect in Other
Oct 29, 2019

bump

Oct 29, 2019

Too soon, by 2030 you'll have to be in high school to apply

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    • 12
Oct 29, 2019

The thing that blows my mind is how much my resume/experience improved between the fall and spring of my sophomore year. Banks are shooting themselves in the foot by going this early

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  • Prospect in Other
Oct 29, 2019

This is also not even factoring in the fact that some kids are literally still 18 at the beginning of sophomore year (at least I was lol). This is madness

    • 3
Nov 4, 2019

anyone know what to google/how to find find full-time positions. I know apps for 2021 aren't out yet but i'd like to be prepared

Nov 20, 2019

Bump - I am currently a sophomore looking at IB internships for 2021 summer and just started networking for BB, middle market and some boutique companies. I know that applications are not out yet for most of these and do start in early spring or even January, but does anyone have an idea of specific timeline for these banks? Really would appreciate input.

  • Prospect in Other
Nov 20, 2019

Are you at a target?

Jan 14, 2020

In case anyone's interested, Guggenheim opened their applications

    • 2
Jan 18, 2020

Moelis starting in March

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    • 5
Jan 20, 2020

I heard RBC is the new Goldman Sachs , who can confirm ?

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    • 3
  • Intern in IB - Ind
Jan 20, 2020

Not quite, but they are a lower BB now in the US on par with UBS (though growing faster particularly in M&A)

    • 7
  • Prospect in IB-M&A
Jan 21, 2020

alot of hate on rbc it appears. i Heard they were definitely ahead of wells fargo and DB, meaning they should be classified as a BB. as UBS and CS are the next two on the block, id say RBC should be close to them ..

Jan 29, 2020

RBC and Guggenheim open now

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  • Prospect in IB - Gen
Jan 29, 2020

Guggenheim just opened 2024 summer analyst apps, but they might've finished up already according to my 7th grade brother.

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Feb 4, 2020

Credit Suisse SA 2021 in toronto open

    • 1
Feb 10, 2020

Only Toronto?

Feb 10, 2020

All of their apps are open.

Array

Feb 10, 2020

Any New Banks open up their 2021 SA positions??

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Feb 13, 2020

Baird open now

Feb 13, 2020
Feb 15, 2020

Yes.

"Markets can stay irrational longer than you can stay solvent."

Feb 15, 2020

Baird opened applications too and phone screens have kicked off as well.

  • Prospect in Other
Feb 15, 2020

Did you receive one?

Feb 15, 2020

Can confirm some dates have been set for phone screens

  • Prospect in Other
Feb 15, 2020

Would you take an offer from them?

Feb 16, 2020

Does anyone have an idea of PWPs recruitment timeline. One of the only firms I am not sure of the timeline of.

  • Intern in IB-M&A
Feb 17, 2020

Early, usually March-April (Some friends and I interviewed last year)

Feb 17, 2020

how is the diversity program in spring if the recruitment is march-aprial

Feb 19, 2020

spring for diversity and late summer / fall for non-diversity, hence the feeder diversity programs taking place now

Feb 17, 2020

Assuming this is a dumb question, but does non-target recruiting take place after target recruiting?

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    • 1
Feb 17, 2020

To my understanding, if you have networked, and you are competitive then no. But if you don't fulfill the above criteria, then yes.

    • 1
Feb 17, 2020

Do you think it's alright for me (non-target) to continue to network and get some more referrals in at these early firms (CS, Citi, RBC) and apply sometime around early/mid-March? Or would that be too late?

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Feb 18, 2020

An associate at Baird reached out to me for a phone screen last screen; when I ave him possible dates and times to talk he never answered. Someone help me naviagate the situation. I already sent a follow up this morning and have still not received a response.

  • Prospect in Other
Feb 18, 2020

Are you gonna take an offer from them if you get one?

Feb 18, 2020

i would, but right now i cant seem to even get an interview

Controversial
  • Analyst 1 in IB - Ind
Feb 18, 2020

Just do add some perspective. I have been through 3 recruiting cycles. Sophomore, Junior, and FT. In all three cycles I realized early on that networking was a waste of time. I am a non target with 0 alumni and not a diversity candidate. I was grinding day and night to get on the phone with analysts to MD's that would respond to my emails because after reading this forum 24/7 I was conivced that the word of random internet people had to be the truth. Each phone call I had was just a repeat of each other and would result in someone passing on my resume, giving me a solid no, or telling me they would keep me in mind. No phone call or interaction resulted in an offer or getting me close to an offer but sure as hell prepared me to get offers because I developed the skills to speak with professionals.

After realizing that networking was a waste of time, I focused on my resume and making sure it was better than all of the target school resume's. I participated in any competition that I could qualify for, started studying CFA, taking advanced classes (MSF and MBA) apart from my regular class load, etc.

During Sophomore year recruiting I was focused on networking and did not get an offer at a BB. Did not even get close to a BB offer. Finessed a shitty cold calling/sourcing role for a small boutique but spinned it into something sexy on the resume.

Junior Year recruiting. By this time I had a stellar resume and applied to eveything that I possibly could. I would say my application to interview rate was 4/10 and offer rate was 9/10. Interviews were cake and I ended up flying to London, Zurich, NYC, Miami, etc all the time. Ended up accepting top BB team in NYC.

FT recruiting. Landed several PE interviews again with 0 networking just applying to shit online. Received offer from "ok" MM PE but decided to stay in IBanking but change group. (I am getting my dream MBA paid for by staying!)

Best advice I can give a non-target is do not worry what people say on this forum and do not compare yourself to others. At the end of the day, it does not matter whether you networked or not because if you do not know your technicals, you will not get hired. As simple as that. And for any person still wondering if Networking is worth it, as someone who has been working for a year now and has participated in the recruiting process, HR has more power than us the actual employees. You can have the CEO or MD refer you and pull for you but if HR says " fuck this kid in particular" your recruiting process is over. I have tried to refer so many of my fellow alums or undergrads and I can set them up through our internal portal but HR has final say on who gets interviewed.

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  • Prospect in Other
Feb 18, 2020

Thank you for the insight. Quick question to you. Since recruiting today is so spread out, would you recommend someone to take an offer early although it may not be his first choice?. There is a thread about Baird already starting phone screens. If one's goal is to work at a BB/EB, should the person take the offer from Baird or reject it and keep recruiting?

  • Analyst 1 in IB - Ind
Feb 18, 2020

So the person is you. At the end of the day, once you work in the industry no one cares about ranking but they do care about the quality of your work and the deal exposure you have. Is group ranking related to deal exposure? Yes! but are exit opps limited to those in groups with good deal flow? No! It is down to what YOU want to do and what YOU want to accomplish. People think that if you IB you automatically get into PE. That is completely false. You only get into PE if you are in a handful of IB teams.

If you interview with a firm and love the vibe, the culture, the people, etc. Take the job! Why would you risk something you have for certain that you like for something that you do not have and may not like? Objectively speaking, there is more downside than upside.

Follow what YOU want to do, where YOU want to go, and what YOU think you should do. The same way you grinded for an IB job, you need to grind for a PE job or whatever exit you are looking for. Do not go to WSO to ask for career advice and base your decision on what people on this forum say. It is down to the individual to make decisions and if YOU think those decisions are in YOUR best interest then CONGRATULATIONS, you made it.

    • 11
Feb 19, 2020

Can you name a few key technicals to master for intern positions?

    • 1
  • Analyst 1 in IB - Ind
Feb 20, 2020

Anyone can pick up a WSO guide and memorize answers. At the end of the day, anyone can master technicals through repetition. To truly stand out or differentiate yourself you need to not only know the technicals but actually understand them. Develop opinions on why things occur and what is the driver for them occuring. Think on a bigger scale and connect the dots from a macro point of view. Everything is connected, it is down to you to find out how.

    • 7
Feb 20, 2020

Bump

Array

Mar 23, 2020

so what top BB are you at that's paying your dream MBA as an An1? None of them do this, they'll just promote you directly to Associate. edit: some might based on the reply, but for IB it would still be uncommon to go to MBA over Associate

and who was flying you to london and zurich? (NYC sure, Miami there's not a ton of IB/PE presence but I'm sure your spring break there was fun)

Improving resume is a good recommendation but don't try and say you're the Recruiting God living the DREAM LIFE because you got very lucky applying en masse. 99% of non targets get in via networking and it'

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    • 1
Mar 23, 2020

GS and CS have MBA sponsorship programs AFAIK

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  • Analyst 1 in IB - Ind
Mar 23, 2020

Happy to answer but for obvious reasons wont go into too much detail. I completely understand where your skepticism comes from. I too would question what I posted if it was some random internet person.

I was born in Paris and moved to the U.S for Highschool and University. I speak Good enough English, fluent French, and little bit of Italian. Because of the EU passport I was able to get interviews, attend assessment centres, and get offers. I am in no way a wealthy person or have a wealth family. I would consider myself middle class with most of my family working slightly above average jobs. Having the E.U passport really set me apart every step of the way.

I am in no ways the recruiting God. Truth be told, hard work is 40% of the formula to success and 60% is luck, being in the right place at the right time, and catching people in a good mood. If it were not for this site and its resources I would not have had success.

For the MBA question, my firm does an internal manager/training program where you do 2-4 years first and then they send you to do an MBA in the city in which you are in. I do not see myself working in IB for the longterm and want to work in government/policy/economics/finances. The team I was moved to is in the same city as the MBA program I could HYPOTHETICALLY go to assuming I do well in the next year and is known for producing good students for government roles so it is my dream school. Frankly, I have even thought of doing a Masters and PhD in Econ.

    • 2
Mar 27, 2020

what did your strong resume look like junior year?

  • Analyst 1 in IB - Ind
Apr 4, 2020

Near pefect GPA. PLacing well in competitions, conferences, conducting research with professors, certifications like CFA. I did everything and anything to make me stand out.

Mar 27, 2020

what did your strong resume look like junior year

Feb 19, 2020

the online application window for Moelis is February 28 to April 25

  • Prospect in Other
Feb 19, 2020

I assume you were in the call today?

Feb 20, 2020

yep

Feb 20, 2020

Is May early to sign an offer compared to other banks?

Feb 20, 2020

I would sign to Moelis if they gave me an offer. I'd cancel the rest of my superdays if I had any lol. they kinda gave hope to nontargets earlier on the call too which was cool

Feb 20, 2020

If you got an offer early, you could use it to "leverage" offers from other banks by negotiating with them to give you earlier interviews

    • 2
Feb 20, 2020

Evercore restructuring for NY and M&A for different industry groups in every city opened up

    • 2
Feb 21, 2020

duetsche too if anyone even cares

Feb 21, 2020

did they list IB as Corporate Finance?

Feb 21, 2020

Lazard opened applications

Feb 22, 2020

Any idea of Jefferies timeline?

  • Prospect in Other
Feb 22, 2020

Didnt they do sep last yr

Feb 22, 2020

I have been told expect them to open late spring (think april)

Array

  • Prospect in Other
Feb 22, 2020

Source?

Feb 23, 2020

Does anyone know the timeline for Rothschild? In their website, it states spring.

Array

Feb 23, 2020

Seems like a majority of these players are moving earlier than last year.. I guess we'll see if the BB's end up doing the same?

Feb 23, 2020

Should we be sending apps in as soon as they open? Then be hopping on some networking calls after already submitting?

Array

Feb 23, 2020

Current Soph here in same position. Got advice from a lot of people to network beforehand and get those referrals confirmed, but to also send in apps at a decent date (so not late enough where it's day before it's due but not extremely early where you have no time to network). Definitely need some more insight on this

Array

Feb 25, 2020

Does anyone know when Citi's last round of Superdays are in Spring/summer

Feb 29, 2020

Bump anyone have an idea of Citi's superday timeline for non-diversity

Feb 26, 2020

Do a lot of you have prior financial experience before applying to IB? If so, was it WM/IB/HF/PE etc.

Feb 26, 2020

I'm a sophomore and I have PWM at Jefferies, and Credit Risk at JP Morgan

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Feb 26, 2020

Is that for your freshman and sophomore summer or were those both in your freshman summer? And impressive.

Feb 26, 2020

damn already got my first rejection email for 2021

    • 6
Feb 26, 2020

Lmao what? What bank?

"Markets can stay irrational longer than you can stay solvent."

Feb 27, 2020

bump

Array

  • Prospect in Other
Feb 27, 2020

Same

Feb 27, 2020

hahaha fuckkk, I'm scared now

Array

Feb 29, 2020

which bank?

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  • Intern in IB-M&A
Feb 27, 2020

Has anyone been able to submit an application to RBC? I've been trying for several days and it keeps saying they're having technical difficulties.

  • Prospect in IB-M&A
Feb 27, 2020

They keep pushing the deadline back, so they might just be trying to push back the entire process.

Feb 27, 2020

Noticed they pushed it back from March 1st to March 16th. Any insight on this?

Array

Feb 27, 2020

how prepared is everyone for technical questions? Should I be cramming right now or is it okay to study during the summer?

Array

Feb 27, 2020

I'd start around May, doubt there will be any technical interviews before then...

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Feb 27, 2020

There's definitely first rounds happening in March, May is way too late to start preparing for technicals

Feb 27, 2020

I wouldn't say you need to be cramming now, but I would definitely allocate 3-5 hours each week starting now. It takes time for the information to "soak" into you, and the more prepared you are, the better you'll come off in interviews...more polished.

"Markets can stay irrational longer than you can stay solvent."

    • 1
Feb 28, 2020

Moelis opened

  • Prospect in IB - Gen
Feb 29, 2020

I have a super day with RBC next Friday

  • Prospect in Other
Feb 29, 2020

Diversity I suppose?

  • Prospect in IB - Gen
Feb 29, 2020

Yes diversity . However, after 2- 3 weeks the non diversity super day should start according to what I heard.

  • Prospect in Other
Feb 29, 2020

Just received an offer from RBC yesterday for IB, had a full diversity and superday combo event.

  • Intern in PE - LBOs
Mar 1, 2020

Holy shit, congrats! Are you going to take it?

  • Prospect in Other
Mar 1, 2020

I'm thinking so, though not a BB, RBC is growing pretty solidly in the area I want to work in and I get first choice to what group I want considering I was offered so early which is a huge plus.

    • 2
Mar 11, 2020

why is it so quiet in here

Mar 12, 2020

Probably Coronavirus

    • 1
Mar 12, 2020

Anybody who applied to DB also get an invitation to take an online judgement test?

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    • 1
  • Prospect in IB-M&A
Mar 12, 2020

Yup.

  • Prospect in Other
Mar 12, 2020

is it required

Mar 12, 2020

You applied to DB early bc diversity right?

Mar 12, 2020

Nope, just applied regularly through their online app

Array

  • Prospect in IB-M&A
Mar 12, 2020

BAML is confirmed for July 1st

    • 1
  • Prospect in Other
Mar 12, 2020

any info on jpm and ms?

Mar 12, 2020

Interviews? And source?

Mar 12, 2020

Source?

"Markets can stay irrational longer than you can stay solvent."

  • Prospect in Other
Mar 12, 2020

hr

  • Prospect in IB-M&A
Mar 12, 2020

Was part of one of their workshops and HR said that things should start on July 1st. Not sure about other BBs tho

  • Prospect in IB - Gen
May 21, 2020

Same for sophomore analyst?

Mar 13, 2020

Can confirm July 1 BAML; Phone Screen / Hirevue --> Superday

Had call w/ recruiter (target school kid)

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    • 1
Mar 13, 2020

Anyone heard back from Rothschild?

Mar 16, 2020

anyone know Qatalyst's timeline?

Array

Mar 16, 2020

Apps were due Sunday, first rounds starting soon, 3-5 phone calls then super day but tbh not sure on timeline because of COVID-19, things are changing

Mar 16, 2020

thanks! where were apps due?

Array

Mar 16, 2020

Has anyone heard anything back from anyplace other than RBC? lol Am I just getting ghosted by all these firms or what - especially curious about citi

Mar 16, 2020
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  • Intern in 
Mar 16, 2020
Apr 7, 2020
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  • Prospect in IB-M&A
Mar 20, 2020
  • Intern in AM - Other
Mar 20, 2020
  • Prospect in Other
Mar 22, 2020
  • Intern in IB - Gen
Mar 22, 2020