Hello everyone, In order to keep the thanksgiving spirits going I would like to follow suit with the other MBB Q&A that was live on this forum. I was fortunate enough to receive an investment banking summer analyst offer at a bulge bracket recently and this website was instrumental in my preparation for recruiting. I simply wish to provide insight for those who are getting ready for SA2021 recruiting in the near months.
| +224 | Just One More Year | 18 | 1h |
| +180 | Piper Sandler in talks to acquire PWP | 75 | 14h |
| +124 | UBS Appears to be Exploring Sale | 19 | 3d |
| +90 | Paradise Is Paradise | 8 | 1d |
| +79 | Drunk VP. How to manage? | 27 | 1d |
| +39 | How do I take my foot off the gas? (AN1) | 4 | 2d |
| +38 | Lazard US Views 2026/2027 | 13 | 2d |
| +26 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 9 | 1h |
| +22 | Mandated 9:00am Arrival? | 6 | 4d |
| +21 | Prestige Upgrade: Incoming Piper Sandler Intern (PWP Merger) | 4 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
ABSOLUTE flex god
Deutsche Bank Baby... Knew I'd make it.
Go off King
What would you say are the most important traits firms are looking for when recruiting students?
I obviously can't speak for what firms are looking for but I can share some observations about the people that were at superdays with me and what I think led to offers.
The kids I met were always a combination of well spoken and connected, academically accomplished, or hustled really hard and had combinations of great work experience or unique experiences that made them stand out.
I think being a natural hard worker (demonstrated through resume), knowing your place (see: not being a know-it-all), and being personable are key traits that can lead to success at superdays.
Everyone knows that the work itself is not very intellectually demanding and that being a team player while being able to put in the necessary hours is more important. There was definitely a huge focus on fit at most places I interviewed. You can stumble on a few technicals, but if you can't pass the airport test you're done.
Unless you are diversity or at UBS/DB/BARC/Wells/HSBC, I think you're lying about the offer.
"I think (...) knowing your place (see: not being a know-it-all)"
The kid who has an offer from a BB and feels that somehow that alone makes him/her qualified to give recruiting advice giving advice on not acting like you know it all. The irony.
How many people did you networked with and how do you think networking helped you with the application?
I reached out to alumni with interesting backgrounds that I genuinely wanted to get to know. I think this is the best approach towards networking. One strong connection is better than 3-4 half-assed relationships with people at firms.
Networking will naturally take you far along the process: it can lead to interviews, can be brought up in interviews, and can even be a deciding factor at the roundtable when comparing candidates ("who knows this guy")
cool, thanks for the AMA. should be useful for SA 2021 prospects
You didn't answer his question.
....
Step 1: book appointment on calendar during PEAK MARKET HOURS
Step 2: Leave to go to said appointment, but actually go to a secluded handicap bathroom (MAKE SURE TO BRING NOTEBOOK, PEN, AND SUIT JACKET TO MAKE IT LOOK LEGITIMATE)
Step 3: crank it like Soulja boi, BUT DONT USE BYOD WIFI YOU FOOL!!!
Step 4: Return to desk rested, relaxed, and just a lil bit sweddy ;)
Is the "IbD sUmMeR aNaLySt 2020 aMa" the new "I aM dEePlY hUmBlEd AnD aStOuNdEd To ReCiEvE ________ offer" post???? You might be into something here
https://www.wallstreetoasis.com/forums/reflecting-on-the-banking-recrui…
hahahah life comes full circle look at you
How big of an ego do you have to justify an AMA as an incoming intern???? Get off this site and enjoy school before you start work.
I posted this because anecdotal posts like this helped me when I was learning about the industry and wasusing this site more often. Anecdotal experiences > M&I boilerplate article on how to break into the industry
yeah right.....
Gets off phone with recruiter
"Finally..."
updates Linkedin to Incoming 2020 intern
"Candidate for XXX"
---------------------------
AMA: Desperately hoping this kid isn't at my shop
Was just looking to be helpful like this thread was: https://www.wallstreetoasis.com/forums/ama-mbb-summer-2020
Looks like I got overrun by trolls though.
How did you get a job at The Goldman Sachs?
What do you mean by "accelerated timelines"? Were you a diversity candidate?
Some firms interviewed in April/May. I got my offer in August, non-diversity.
what do you think were some of your shortcomings during the accelerated recruiting period?
Saying this to help but you're the type of person who doesn't get a return offer and then blames it on bad luck. Hopefully you're able to mature before summer starts.
I wish I was talented enough to suck my own dick.
Damn so you're one of those guys
Request: AMA for when you don't get a full time offer.
I don’t get it. Why me?
LinkedIN:
"Hey guys I got offers from firms A, B and C. After careful consideration I decided to choose firm A for SA 2020. I am beyond thrilled to join this firm (not that the other firms aren't reputable in their own way of course). I am letting my professional network know of this amazing internship experience. Wall Street here I come!
Headline: Incoming IB Summer Analyst at Firm X in Division Y
Description: Will be preparing crucial materials that firm depends on. Will be using Advanced modeling techniques and proficient formatting skills to predict/determine and analyze future businesses.
I thought this was a great idea and a way to give back to the community. I appreciate your efforts for an AMA. WSO and posts like this were instrumental for landing my summer gig. If nothing else, just for reassurance and getting rid of the jitters.
Thanks, happy thanksgiving!
Thank you! I wasn't expecting the site to receive the post like this, haha.
It happens. I would recommend not framing it as an AMA maybe?
An AMA is usually by someone who is doing something extraordinary or is very professional in his field. An AMA by a VP about recruiting is super helpful. An AMA by an intern that doesn’t even really know why he got the spot... not so much.
Can someone pls check out the thread I posted. Not much on WSO about it, and I would greatly appreciate anyone's help
Facere omnis architecto dignissimos. Dolorum perferendis aut provident aliquid ea.
Quo aut ipsum accusantium eos. Corrupti impedit voluptas quos est totam laboriosam ut excepturi. Beatae cum quasi tenetur ut deserunt veniam ipsam qui. Quia voluptatem molestias sed voluptatibus. Praesentium at totam eius error.
Exercitationem consequuntur quia dolor dicta temporibus. Dolores sed qui consequuntur illo dignissimos iure. Odit excepturi aliquid possimus cumque architecto. Laboriosam labore enim molestiae cupiditate doloribus consectetur. Nemo cum vitae consequuntur fuga. Non id omnis commodi voluptatem corporis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et voluptates quis quae sint nihil culpa. Ratione accusantium voluptatem nam sunt.
Quo eius dolorum dolorum nihil. Facilis mollitia sint non harum quae. Quia vitae placeat enim sit.
Placeat quisquam voluptatem distinctio ut accusamus. Quis repellat molestiae doloribus sit. Provident qui itaque adipisci officiis incidunt et molestiae. Fuga debitis optio odit tenetur molestiae laboriosam labore eum. Aut modi quisquam nisi totam iusto. Molestias quia facilis magni fugit vitae quas.
Aut odit velit sapiente et. Molestiae laboriosam tempora doloremque recusandae provident.
Eius consequuntur dignissimos doloribus nobis. Quia nisi et magnam pariatur aut. Et est libero tempore amet.
Illum quos facilis molestias et et qui. Voluptatem eveniet necessitatibus aut ducimus soluta sint natus blanditiis. Dicta quia illo exercitationem quia dolorem nisi provident.