Chances of getting job in IB by category

What would you say are the "chances" of someone getting a job in IB based on the following:

Non-Target, No Networking __%
Non-Target, Semi Networking __%
Non-Target, Hard Networking __%

Semi-Target, No Networking __%
Semi-Target, Semi Networking __%
Semi-Target, Hard Networking __%

Target, No Networking __%
Target, Semi Networking __%
Target, Hard Networking __%

Of course, other factors could be added to the list, like academic and resume strength plus how much of a target a school is

 

Way too many factors for this to be even remotely helpful. No one on planet earth knows this information, not even HR.

Things to consider include: Race Gender Family background What banks you are applying for How good are you at networking The word target is meaningless. Some banks target certain schools while not targeting others.

 
Most Helpful

Not enough information. Definitely needs way more detail like gpa / extra cirriculars / applicable experiences / prior work / internship history. If you want a flat % simply based off of a school and Networking I'd start at .0001% chance and maybe move it up linearly to like .01% chance.

All the BBs post anywhere from 1.5 - 3% acceptance rates which is includes all FT / Intern spots. Goldman reported about 9,700 offers out of 300k a few years ago. There is no way 9700 of those are FO IB offers. lets assume a generous 1,000 of them are IB offers between FT / Internships across NY / Cali / etc. That's .33%. (Again, this is starting at 3% firm-wide acceptance which is on the higher end of the spectrum).

 

Ehh... That's debatable. Let's assume the total pool of applicants is like 500k (if we assume most people send an application into GS / MS / JP as a hail marry because the cost is relatively little compared to the payout of landing a gig there) and each accept the aforementioned 1,000 FO IB internship / FT applications (3k total). Then lets assume there are another like 100 reputable (by reputable I mean you probably won't write home about Westlake Securities LLC) Ibanks (There are probably less but I'll give you the benefit here) and each take 100 kids (again, I'm really giving you the benefit with that assumption) then that equates to 10k spots for the remaining 497k applicant pool... 2%... Being super generous

 

As someone who went to a Target, here is my take. I'm considering IB to be both BB, EBs, and top MM's like Baird. At my school, everyone who pursued IB full time (and for the entirety of the recruiting season plus "just in time" recruiting) eventually got an offer - but some people ended up at no-name boiler room shops that were pretty much just a rogue MD hanging up a shingle, or Big 4 M&A, or sweatshops like Jefferies.

Target, No Networking - 5% Target, Semi Networking - 50% Target, Hard Networking - 80%

We had a handful of cases at my school where jobs literally fell in people's laps, they were recruiting for consulting or energy and somehow ended up with FT BB jobs doing no networking at all. But there were also the people who killed it during recruiting season, had 4 or more super days, and then went home with nothing.

 

Facere autem aut vitae. Animi in esse occaecati suscipit cumque est totam. Architecto voluptate magni omnis pariatur et qui facere.

Sed praesentium excepturi ea consequatur esse. Possimus dicta sed voluptatibus et. Aliquam et magnam harum occaecati et. Dolor labore dolorem sed delectus ut dolore sunt.

Voluptas hic explicabo eligendi. Et earum aut repellat iusto aut assumenda.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”