I will be joining a BB within the next few weeks for the FT IBD Analyst program. I have no prior internship experience in banking, and I obviously did not complete a Summer Analyst position with any bank.
How much of a disadvantage am I relative to other incoming analysts who completed the SA program? Any tips or advice regarding how I can perform at par with the others who have prior IBD experience?
Sorry if this was covered in a previous post, I couldn't pinpoint any related post. If this was already covered, please send me the link to the thread that covers this. Thanks
Just out of curiosity, how did you land this? Strong networks and high gpa? Anyway, I don't work in banking, but I assume that all the BBs have some kind of training program before work.
@RonaldBacon, I landed the interview (and a good number of interviews at similarly ranked banks) through my school's alumni. There aren't too many alumni on the street from my school (non-target), but the few that are on the street are very active and willing to help fellow students from the school. Also, there is a 5-6 week training program, but does that put everyone at equal footing when they hit the desk? I imagine that those who completed the SA program are still at some advantage, I just don't know to what degree.
@jtrotsky Industry group at BB
I'm also from a non-target and I know several people that joined FT wo internships and did just fine. The training programs should teach you everything you need to know. And the various tests during training should give you a good idea of what you still should learn. Anyway, many people take training lightly so I suggest you don't.
Agree with above posts. The SA's advantage will be familarity with the group and it's functions. Truth is most interns are staffed on a lot of ad hoc projects due to their short time w/ their respective groups. Plenty of examples to negate this, but most weren't taking point on big mandates banging out models and coordinating books. Just work hard in training and maybe reach out to some analysts that worked with the SA's and grab coffee / lunch and try to start establishing a repor with them. If they feel you can crank out the same work quality as the previous SA's you'll be fine. They hired you because they need the help and feel you can add value to the teams projects.
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