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Comments (67)

Aug 23, 2018 - 8:59am

I'm in the same boat man, I feel like all my effort networking went to waste. Does anyone know which banks are still accepting apps? :/

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Aug 23, 2018 - 9:49am

Depends on your background, if you're in a top target you'll most likely be fine. Banks that are still recruiting, as far as I know, Citi, BAML, Jeffries, CVP, Deutsche, and Guggenheim. GS/MS/CS/Barclays are basically done, but have a few random spots for top target kids. All the EBs but CVP and Gugg.

Aug 23, 2018 - 9:59am

GS just sent a round of IBD Hirevues to non-target candidates last night at 9pm. They are not done but they must be almost full. I'm sure it will be tough to walk out of those superdays with an offer.

Guggenheim is definitely done from what I know, but I could be wrong. What about UBS?

Aug 23, 2018 - 11:32am

This late into recruiting season, it's doubtful that you will land at a top BB/EB. Very few are still recruiting. That being said, there are still a plethora of lesser-known boutiques that haven't even started that will still give you a great experience as an analyst. Plus, there is always full-time recruiting.

Aug 23, 2018 - 12:16pm

Even middle market firms like Piper are basically wrapping up from what I've heard. Other top MMs like Harris Williams, Raymond James, Jefferies are all recruiting right now full-force.

Aug 31, 2018 - 9:13pm

I wanted to do the same route but spoke to couple other ppl about it and basically they all said something along the lines that "it's better to do an IB internship at any place (where you can get relevant experience ofc) than doing S&T bc that might just lead you on to a different track, which btw is not a bad track at all IMO

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Aug 23, 2018 - 6:27pm

No you aren't screwed. This site is filled with complete misinformation from kids who once they reach an actual intense job will realize two certainties: 1) the world isn't zero-sum 2) if you have sharp elbows and try to harm others to reach the top, intense team players will recognize your behavior and ensure you do not get employed at firms with healthy culture and good results. Finance is small and people have long memories.

Several bulge brackets are still recruiting, several boutique banks are, some also are finished (mainly smaller offices). Additionally, if you don't get a SA at a BB bank you can try for a regional bank and recruit for a full time position anywhere you want (read a real offer, not a internship). If that doesn't work you could try to possibly recruit for consulting and you might even find you enjoy it better, or possibly you could source this summer at a MM PE shop and they might even hire you. You could even be in a different industry, go to business school, and recruit for an associate position. The bottom line is there are just so many ways to skin the cat and you aren't screwed if you don't have a summer internship. Life is a marathon not a sprint and if your goal is to end up at a large PE shop or large bank there are so many ways to get there assuming a 50 year career. I'm assuming many of your friends have offers and that is great, but also here's an unfortunate secret: the job recruiting process never ends. It is a street fight from now until you stop working, so embrace it. Also, for the kids that think a SA position will set them for life, they are so wrong. The amount of friends I have watched have a quarter life crisis at 25-29 because they realize they don't know what to do after banking or PE is over is unbelievable. Envision your ideal job 10-15 years down the line and try to acquire experience for that job. In the scheme of things, your SA position is just not that big of a deal. Keep your head up, define your own values and the job YOU want, and work hard to pursue them and you will be fine.

Aug 24, 2018 - 11:55pm

I know this is not particularly helpful, but I'm so, so glad I never have to recruit for IB ever again, and hopefully never again in general outside of ad-hoc opps through a long-term network

Aug 25, 2018 - 3:18pm

Nah my BB and plenty of others are still recruiting. Probably only a few of the EBs are full as of now; we did give some offers earlier this year but definitely didn't fill the class (as is the case across the board I believe)

Aug 28, 2018 - 2:37pm

You aren't screwed at all. I'd definitely recommend hustling and not letting yourself get discouraged by all of the people you may see getting offers. BBs are trying to wrap up quickly, but they hire on a rolling basis, with multiple rounds of interviews. Just because one round is done, doesn't mean another isn't coming up. And if we've learned anything from prior bull markets (hint: we haven't), investment banks will again over-hire this year as the market is at an all-time high.

) has quite a few BB bankers on it that can give you direct advice for their specific groups around hiring timelines, how to recruit at their bank, etc. Wasn't around when I was an undergrad gunning for my SA offer (which I didn't get until December, btw), but hopefully it can help someone here out.

Sep 1, 2018 - 5:11pm

Canadian banks, BNP, SocGen, Nomura, MMs, are your best bets at this point.

Sep 4, 2018 - 2:26pm
"Anything less than the best is a felony"
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