Some of the BB's specifically request that you list numerous answers to both the division and the industry, at least I found that to be the case with JPM. I would assume there is not a major risk as long as its still IBD, but if you really want to be safe you could stick to one coverage group. However, I do not think that is necessary.

 

At least in the post undergrad/MBA application, you can indicate which offices you want to apply to. It then gets sent out to all of them, and they decide which office you interview for. If you do not land an offer, they all say that you cannot reapply for 2 years. That said, there's other ways in of course, most prominently having an AP or such get your foot in the door.

 

I'm going to guess its pretty similar. Here's some of the language and reasoning from the firms:

a. Can I reapply to Bain if my first attempt is not successful? MBA candidates who were not selected as summer associates are encouraged to apply for a full-time position in their second year.

All other candidates who are interested in consulting roles but were unsuccessful in their first round of interviews should wait at least 12-18 months to gain additional experience before reapplying to Bain.

Please highlight the relevant experience you have gained since your original application in your cover letter and résumé.

 

Hey KaiStutzWS, I swear if I had a silver banana for every lonely thread I posted too I'd be richer than @compbanker ...

  • Applying multiple internship positions in the same company rejected directly, However, my case might be a bit different. The company I am applying offers summer ... for each of them is different (commercial banking, securities, risks and operations). Will applying to ... banking after I get rejected? Many thanks ...
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  • 30 year-old breaking in a regional bank (multiple times) and offered to work for free in their investment banking division. After two ... and Warwick were the main targets for IBD, but I also knew that they would reject me. I applied to LSE ... which rejected me. And then there were the semi-targets. Location and
  • Interning again at the same BB but with a different division? same BB again as an intern but with a different division? The aforementioned bank is GS if it makes ... I will be interning at a BB this summer, but have recently been notified that I will have to ... for me to take a return offer even if I were offered one. Will it be possible for me to apply to
  • More suggestions...

Or maybe the following WSO members have something to say: s.rasheva jamesnguyen leadoutman

I hope those threads give you a bit more insight.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Best Response

I do not know about summers, but for FT associate recruiting it works like this.....

When you make it to super day, you will go to the bank's HQ (For BB it will be NYC with the exception of Wells, which will be Charlotte). From there, different banks run it differently. Some banks ask for which groups you are interested in before super day and try to get you interviewed by those groups during the day. Other banks just have you interview seemingly at random with different bankers and then ask you to fill out a preference sheet afterwards. Oh banks do a 'sell day' after you get an offer where the different groups compete for the top candidates.

However, if you do well at super day and want a group that is off-site they will probably pull you down to that city for another round just to make sure they like you. One thing to note, regional offices often recruit from regional schools. For example, many BB IBD Houston offices have a lot of guys from Rice and McCombs who may not get the nod from the NYC office.

I know it is not totally the answer to your question, but I hope it helps.

 

At the MBA level (at least at McCombs) you are encouraged to be upfront about where you want to be, and assuming you make it, you will do super day in that location. Some banks (BAML, C come to mind) send someone down from new york (alums) and when you walk in for your first round you basically pick who you want to talk to (Houston or NY). Others (Barcap, UBS, JPM) to do first rounds on campus with Houston guys and if they gave the go ahead then super day in new york. Usually coordinated with alums in the new york offices of those firms.

I did not have any classmates who wanted new york not get a placement there and end up in Houston. McCombs has several summers up there this year and had about 5-6 last year (IB and S&T). Assuming the undergrad is similar to the grad side of things, the regional offices are usually pretty sensitive to your desire to be in that city/industry v. just using them to get to NY for full-time. But you could definitely summer in one and do full-time in another (assuming you get the offer). Definitely depends on the bank though.

 

Question..

I'm waiting on a decision from a BB Ops in a regional city. In the meantime, I've applied for 2 other positions at the same bank, different cities, same state, different positions and industry. (1 ops in City A, 1 PWM in City B, 1 Private Banking City C)

Is this auto ding? All offices are in the same state. This is FT off cycle recruiting

 
WSOWill:
Question..

I'm waiting on a decision from a BB Ops in a regional city. In the meantime, I've applied for 2 other positions at the same bank, different cities, same state, different positions and industry. (1 ops in City A, 1 PWM in City B, 1 Private Banking City C)

Is this auto ding? All offices are in the same state. This is FT off cycle recruiting

Highly doubt the ops guys talk to the other two. Don't really have a sense for the communication that goes on between PWM and PB...but i'd guess it's not much, esp. on candidates (unless you tell them that you applied to the other).

 

Yes, a rejection letter likely covers the entire application (all offices). Sorry. Hop you bounce back.

I'm not sure how it works at your IBD, but at a few consulting firms the process goes something like this: 1. Campus/experienced recruiter gives a general yes/no/maybe based on their interactions with your and forwards the application with that info to your first choice office. 2. If your first choice office elects to interview you, you're now on a single track. You either win or lose and that's it. 3. If they decline to interview, your application goes to the remaining offices, in order of your preference and step 2 repeats. This is why networking with folks in the office your want is important. They are often the ones making the call.

Exception 1: If a firm has an unmet demand in your #2 or #3 office, they may try to slot you there instead of your at-capacity top choice. Exception 2: For on-cycle, on-campus recruiting, the individual offices may not get involved until the final round invite stage. The campus recruiting team may have full say on who gets invited for first round, although they likely understand the needs of the various offices when making these decisions.

Final note: If your first choice is an office with tons of capacity/turnover like NYC or CHI (for consulting) and you don't get picked up by them, you likely won't make the cut anywhere except in the case of acute regional need.

 

It's not ok. You can get blacklisted for doing so.

But in all honestly why would this not be ok? I was in the same situation and some of my informational interview contacts even recommended doing so due to seperate hiring needs on each coast.

I did this for almost all my apps and was able to go from CA to NY.

 

It's bad form. Firms frown upon it because if you apply to two different offices and get offers from both, then it forces the two offices to "compete" for you. It happened to a candidate we interviewed and actually liked. Every group he interviewed with found out and we questioned his ethics because he told each group that they were his top choice. It upset a lot of people. If you want to work in LA full time, then apply to LA because your offer at the end of summer will be for that office and it will be near impossible to change it to NY (or vice versa).

 

So 90 out of 100+... is this indicative of the size of the GS NY office in general?

I unfortunately have never been to any of the offices. I am planning to visit this summer. Think of it as a religious pilgrimmage!

Anyone else???

+Hammy

 

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--Death, lighter than a feather; duty, heavier than a mountain
 

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