During periods of extraordinary bull markets and much more openings at banks and other financial institutions, do they fill these extra spots by hiring more kids from targets, non-targets, or a combination of both? Who would you say gets the better end of the stick relative to where they were before the bull market?
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The semi-targets and non-targets benefit the most in years with large analyst classes. Semi-targets that send 1-2 candidates to a bank may get 4-6 in good years. Unbelievable as it may seem, there is still a limited pool of qualified candidates (who are also interested in banking) at the target schools.
Thanks.
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