If nobody knows for certain on this forum, I think the best and easiest way to find out the process is to contact/email an analyst or individual at the firm who you are most comfortable with and ask him/her about it. This individual could be someone you felt most comfortable with during the superday or you could even ask HR to give you the contact info of an analyst who would be more than happy to answer your question. You could also try asking recent alumni from your school who are now analysts at Barclays about the process.

 
Best Response

Copying from a former post here

Note: this is for London.

Apparently they used to run a Cohort System where the analysts covered different sectors. First was the 'hard' stuff: Nat Res, PUI, Chemicals, stuff like that. Second was Industrials, TMT and Retail. New joiners could specify in which cohort they wanted (UK M&A, LevFin, Sponsors, FIG, DCM and ECM, being 6 separate 'Cohorts') and those cohorts could then pick which the joiners. So while your preference was taken into account, you could end up at a place not in your preference (heard they do the same at UBS, with somebody signing up for M&A, but ending up in ECM). But they are getting rid of these cohorts...

In the London office the analysts just got told in which team they are (after splitting the cohorts). I expect that they will let the interns get back to their places and outside joiners will be used as plugs in the teams that now have holes (e.g. 10 in a cohort for NR/PUI/Chem, Analyst + Intern preference is 4/4/2. I expect them to put new joiners in Chem to make it 4/4/4).

 

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