Equity Research SA 2021
Hi Monkeys,
After scanning the ER forum, it doesn't seem like a ER SA 2021 recruiting thread has been created yet. Seems like it's beginning to become appropriate.
To my knowledge:
- RBC ER was either closed or taken down (ended in Feb.) - timeline is TBD
- Fidelity closes soon (MD said it closes Mar. 24th but it looks like the timeline may be pushed back)
- CS is open
Please correct me if any of this is wrong.
Thanks
has anyone heard back from fidelity for their application?
Anyone with insights on UK scene?
Baird ER is open
I only see IB apps for Guggenheim. Sure that ER app is open?
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any news on the Asia scene?
How crucial is local language required for ER in Asia? Heard there's a lot of focus on China coverage.
I work in Asia. If sell-side, knowing the local language is a must.
I work in ER, in a MM in Asia. We cancelled this year's SA program.
Does anyone have any updates? companies that they have heard back from?
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RBC ER was taken down, but I don't think it is closed, they just don't know what they're doing for recruiting. Last year they hired all their summer associates through diversity, which has obviously been delayed due to corona. The timeline for if/when they hire general kids is TBD.
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Yeah I mean maybe it closed, but my alumni contact there said their timeline is far from being decided so closing it wouldn't make much sense. I mean, you also don't even really need to apply if your get a refferal at most places.
Does anybody have info on the timeline for CS?
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Actually, I was talking to an analyst in charge of the recruiting and he mentioned that the first rounds of interviews begin mid-april with superday in May.
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3.4 GPA might be a deal breaker. To be competitive for NY CS you need 3.7+ but if you can network and get a first round then that might tide the boat in your favor. PWM internship at BB will look good.
Does anyone have updates on Fidelity? when will the interviews begin?
Update: Fidelity Closed its application so I guess interviews should start soon.
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anyone can comment on UK?
Just got a video interview at Baird ER in Milwaukee for SA 2021. Anyone have any idea what the questions might look like? Thanks.
I just got the video interview today. did you do yours? any insight on the questions?
Why Baird? Why ER? How do you expect to spend your time as an analyst (communication/data/research)?
Got a fidelity first round.
Did you hear from them today?
yeah
Did anyone get rejected for Fidelity?
Anyone have a list of all the buyside firms that take undergrads? MF, HF, Credit shops anything really. Not sure interested in sell side ER
anybody hear any RBC or CS ER updates?
Anyone done a Baird phone call after a video interview? technical heavy? any advice would be appreciated.
Not technical heavy from my experience last year, they ask for a stock pitch or two, and then mostly behaviourals. Baird is very heavy on culture
Did anyone hear back from Baird's ER superday yesterday?
if I didn’t get a super day invite yet after the writing and analytical test is that a ding?
I am guessing. I don't think Baird will have more than 1 superday for ER but I can be mistaken
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Anyone hear anything from Citi ?
are most applications opening towards the middle to end of summer? It seems like IB gets all the attention here and I would love to have a list of firms that take ER interns as undergrads. I'm sure most of you are in a similar position... just wondering.
I know that CS, RBC and Baird are on the early side but otherwise haven’t heard much. I think most BB’s start in July, MM’s for the most part late summed
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Incoming ER Summer Analyst at BB here. As a heads up, you guys have a long wait before hearing any news. Almost all ER departments won't start the recruiting process until the fall. Personally, I had 5 first rounds last year. The earliest was late September, and the latest was late October. If I remember correctly, the only firms that recruit in the Spring for ER are Citi, RBC, and Baird.
Also, I wouldn't be surprised if ER departments start scrapping internships programs. Last year, UBS, DB, BMO, and RBC all didn't recruit undergrads for ER. Wouldn't be shocked if more banks follow suit given the tough economic times. If I was in your guys' position, I'd be hedging my bets and recruiting for one other division too
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I talked to someone at RBC recently. They told me last year they hired all 6 interns out of diversity. This year they hired 4 from diversity, and would usually hold recruiting to get 1-2 more, however, bc of COVID they may just stick with a smaller intern class of the 4 already hired
OP here. Can confirm what the other commenter said. RBC posted the ER summer analyst role online last year but did not end up accepting any new interns (only rehired interns from their sophomore diversity program). That said, I think that is an exception to the rule. If a firm posts internship positions, they are likely going to accept interns. I just expect a lot fewer firms to post ER intern positions this cycle.
Hey were your first rounds all at BBs?
I saw MS opened the S&T and IB apps recently. Does anyone know if this was the case for ER?
anyone know where MS, BofA, and JPM are in the process?
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any update on GS's status on their GIR division?
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