FT Banking Recruiting 2021
Hey WSO!
Curring rising senior interested in FT Banking opportunities but have a couple of questions.
1.) Do banks hire analysts for full time who didn't intern with them? Mostly interested in boutiques (Evercore, Moelis, PJT)
2.) Any idea of what the timeline would look like for these opportunities?
Thank you!
following
1) yes to all three firms, as well as a lot of other reputable banks. This goes for normal non-covid times, who knows what banks will do this year.
2) timeline is after summer internship ends, and has historically stayed this way as firms need a sense of who is coming bank, who is being cut, etc. lots of firms run the process in august (some starting as soon as internship is over), others will do in september or even on a case-by-base basis if certain kids from certain groups aren't returning
Moelis will not do FT this year
Yes for all three but a couple things to note. EVR has been growing every year and has probably overhired M&A for this cycle of incoming analysts, so it's unlikely that they will have the same number of FT spots as prior years (probably still the most out of the three mentioned). It's highly possible that MOE not run a FT process at all, given that they've offered return offers to all their incoming virtual summer interns. On top of that, they were planning to run a FT process last summer but just cut it out entirely (though some may have occured much later to fill idiosyncratic needs). PJT also had a process last year but rather small and they only higher a handful of kids each year anyway.
Anyone have any ideas on banks will be hiring a good amount for FT? I know this whole situation is unprecedented, but any tips on where might be the best places to look?
This would be very much appreciated.
I would think any EB with restructuring should be? So likes of Laz/HL? But I'm purely guessing.
Assuming you're talking abt New York -
Last year, Evercore M&A started interviews while Summer Analysts were still working - last week of July / first week of august.
In terms of other EBs, I dont think CVP NY hired anyone FT; PJT had 2 open spots last year iirc; Laz didn't interview until pretty late (end of August / early September); PWP made some FT hires in August; Rothschild (ok maybe not EB but) started FT later; unsure about others.
More niche boutiques, Allen & Co., Qatalyst (not NY but maybe still relevant), and Liontree were all recruting for FT; Raine group was not iirc; unsure about others.
BBs, I know GS/MS all made full-time hires; BAML hired some people FT; likely all banks did but don't know for sure. I don't think JPM was recruiting full-time, but that might be nonsense
Source: went through FT recruiting / go to a target where basically everyone I know recruited FT with varying degrees of success.
Thank you!
Can I pm?
how possible would it be to recruit for RX from an SA M&A position at a no-name boutique? My SA position will be virtual and short so likely pretty useless, but I’d love to move to a EB restructuring position.
following
anyone want to make a group chat for ft 2021 banking recruiting
Serious question - What do you hope will come from that group chat? Everyone will be competing against everyone for select few spots and there's no way people are gonna want to help each other out
yes, please.
Following
Anyone have any updated information on this? Are firms even going to be doing FT recruiting this year? Have heard a few people on here say that FT recruiting will be minimal this year.
My fellow 2021 FT brothers. This is about to be a shitshow w/ the pandemic
Any idea on what the MMs are doing for FT? Jefferies and Cowen typically do but
how challenging is it to switch from a capital markets role (for SA) to M&A (FT) at an EB? Any insight?
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