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how was the internship?
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not the best mm in chicago but better than nothing
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PM'd
BGL kicked off campus recruiting. We are hiring Investment Banking Analysts to start June 2021 and Interns for summer 2021. We are hiring in both Chicago and Cleveland. Apply at www.bglco.com in order to be considered. The format is two video interviews and then a virtual Super Day.
This recruiter has been emailing tons of analysts trying to get them to interview for this place that is horrible.
Not horrible in the deal flow sense, I’m sure they work on plenty of LMM deals but culturally this is one of the worst places you could ever work. They’re notorious for treating their analysts like crap. Just look what they did earlier this year, they were so shortsighted that they fired numerous analysts and pulled internship offers from kids that had them for almost a year. They can blame it on Covid but knowing this place they probably did it to avoid paying bonuses to make their seniors a quick buck.
Now look at them as they scramble to hire analysts 3 months after lay offs. How about you give the kids you took an offer from a shot at a full time position instead of trying to poach people from better banks?
Says a lot when most firms realized this was probably going to be a quick recovery for M&A and didn’t want to be caught on the other side without enough hands on deck but they decided to quickly fire analysts and interns. Didn’t hear of any seniors losing their jobs only junior talent.
Bottom line, go here as a last resort. This place is absolutely miserable culturally and given they’re hiring 3 months after laying people off says a lot...
Chicago has a good group but Cleveland is an absolute sweat shop
To clarify the above, no I am not at BGL or going to BGL, not was my offer rescinded. I am at a top MM shop. I went to a Midwest school and know a good amount about this place
Avoid. A slight downturn in deal activity and they’ll let you go/cancel your SA
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Heard they cancelled their internships for this summer, anyone else know if this is true?
Unsure
Lol this is not true. New multiple interns in Chicago. They did a month long internship and got paid prorated 75k which was 6,250 for 4 weeks. Both got return offers.
Also know someone who did an internship in the CLE office as well so definitely did not cancel it.
Not all but there were internship offers rescinded and a ton of junior bankers let go. They pushed out the start date for incoming analysts to September
Had buddies who interned at the Chicago offices and both got a return offer.
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