A couple Barclays questions

a few of my friends worked there over the summer, and they did appx 9 - 1 i don't think they ever left before 1, though, and they often stayed after

i did my SA at barcap and it really depends both on what group you get in and what projects you get put on. I probably averaged 90 or so but there were other interns in my group that averaged 70. The coverage groups definitely work more than the product groups and you will most likely be in at least one day a weekend if your in a coverage group. Most product groups are more market focused so they don't work as many weekends, but do have to get in earlier in the morning during the week. PM me if you have any other questions.

Definitely would agree with Madoff_CFO. Product groups(Global Finance) tended to average 70-85 hours a week with very limited weekends while coverage teams were much higher than that and worked one or both of the weekend days.

To echo the above post, product groups usually tend to get in at 7 AM and leave around 7 PM-Midnight(depending on what's going on) while the coverage teams got in around 8:30-9 AM and left far later. What groups are you interested in at Barcap? I'd definitely recommend reaching out to people asap because placement can be a bit...interesting to say the least.

Sample product groups at Barcap(which are under the umbrella of Global Finance) are Debt Capital Markets, Equity Capital Markets, Equity-Linked Hybrid Securities, Asset Securitization, Leveraged Finance, Restructuring etc.

Sample coverage groups are Industrials, Natural Resources, Comm&Media, Tech, FIG(Financial Institutions Group), Consumer, Retail, Healthcare, Real Estate,Exclusive Sales etc.

Not sure what you mean by a "subgroup" but basically you'll be placed into one of the above groups(not an all-inclusive list but you get the idea). With regards to influencing group placement, you'll get asked to choose 5 Coverage groups and 3 Global Finance groups that you're interested in as it gets closer to your start date. In terms of "influencing" your placement, I would recommend reaching out to alumni and interviewers that are in groups you're interested in. Try and get insight into group culture and also express your interest so that when resumes are passed out, your name jumps out.

No idea on % of FT offers but Barcap has a good culture so if you go in with a good attitude, do your job well, and show interest in the field you should be fine.

% of interns that received an offer last summer

http://bwnt.businessweek.com/interactive_reports/best_places_to_start_2…

85%----pretty high

Lehman Brothers had a big emphasis on getting a lot of the analyst full-time class from the summer analysts, and it seems like Barclays is continuing the trend. For the most part the offer is yours to lose over the summer, especially following a year where the banks didn't do a lot of hiring

@Nimz,

Thanks for the stat. My sense is that Barclays is higher than most but I'd love to see more data from years past (hard to judge on just one data point.) Any thoughts on where I can get this? I suppose I can just ask them...

Also, where can I get educated about product/coverage groups? I'd like to figure out my preferences instead of getting randomly placed.

Thanks again

Agree with above poster, 85% sounds about right...really your job to lose, just work hard and understand its really only for 9 weeks (1 week training that won't really effect offer one way or another). In regards to group placement, if you have any alumni in certain groups you are interested in I would try to reach out to them. This probably will only help if the alumni are associates and up as they are the ones usually making the decision, but always worth a try. Most of the time, I think its just whose resume they like and of course the better groups always get first pick on summers. Understand which groups are biggest/smallest as to not put down all small groups that only take 1-2 summers (retail, sponsors, smaller product groups) because that will limit your chances of getting one of your picks. Hope this helps.

I also have an offer from BarCap for a SA IBD position... I want to get into a group that has a good track record within the firm. Do you know what groups are the best?

Above post is correct. Power is also a very good group, would probably put it top 2-3 in the bank after natty res and maybe CMG. Industrials is also decent.

Sooo when I'm selecting groups could I select M&a group within tech or is that like a type of promotion? For example, first I'd get into the tech group, then I'd get chosen for strictly their m&a. And as far as the interesting group thing, I just want to make sure I don't get stuck in ecm, dcm or their Risk Solutions group which is apparently a part of their IBD. I'd like to get into PE or a distressed debt fund after this.

sorry to ask a random question, but the people who did receive barclay offers: when was your superday? and how long was it until you heard back?

it took me a week to hear back.. but I didn't have a superday

I feel like people definitely get placed in groups they don't want to be in, or didn't rank as they're top 3. Just think about numbers, everyone knows what the top groups are and very few people are going to rank risk solutions as #1 or a lot of the product groups for that matter. In response to the M&A question, you basically voice that M&A is something that you would be interested in and whether you get it within your coverage group just depends on your training test scores, whether they like you, etc.

Slightly off topic question, but given all the BarCap SA alums on the thread, likely to get a quick response. Three part question. Does BarCap IBD SA program drug test? What method? When? Thanks.

Yes BarCap IBD SA drug tests. It's a urine test and has to be done at testing centers I believe within ~a month of your summer start date.

where does BarCap stack up vs. the other BB's??

hey diamond & yodaddy,

IBD in which region? Is it asia? singapore? or HK?

I have been interviewed by a MD and he replied my thank you mail sayign he will give me a follow up call by end of the week. but its end of the week and he has yet to have done so.

how did u guys get yr offer?

no, its in NYC

did the MD return u a call saying he will offer u the position??

BarCap is top of the second tier with BAML. Ahead of C, UBS, DB

If this is for a NYC SA position, BarCap is most certainly ahead of C, UBS, and DB

Hi all,

I just got an SA offer with BarCap Hong Kong. Was wondering how BarCap is regarded in Asia-- I just know it's been hiring very aggressively the past year. Also, what are the best groups in HK? Are they the same ones as in US?

Thanks a lot!

xx

When I went there for a summer I only put one group down as my top choice and nothing else. Pretty risky, but I got into the best group at the bank. It also helps that my best interview for final rounds was with somebody from that group.

I didn't even have a face-to-face interview. 4 phone interviews ( 2 junior bankers 2 MDs). Got the offer a week later by email. This was for IBD in Hong Kong by the way.

Can anyone give me insight into the BarCap LevFin group? How well is it regarded? What would the SA experience look like? Hours?

I also have a question. How's the prospects for BarCap Energy/Natural Resources group in Calgary, Canada office? How well is it regarded for future PE placements? Thanks

I heard, and kinda know, BarCap gives 100% offers. As long as you dont f*** up