Full time 2020 Recruiting

Dear all,

I would like to evaluate my chances for a FT position at a BB in London and if a Master's program is necessary in my case.

My profile:
* BSc from TOP5 BS in German-speaking country (2:1)
* Three internships during studies (2 big four, 1 European bank), all generalist
* One internship (2019) at a tier 3 BB **BUT **with a special focus in which I do not see myself in the long run (think O&G, RE, FIG)
* Deal and modelling experience but no experience in London

My main concern is that if I apply for FT positions, I am automatically out for intern positions in 2020. Would it be too strange to aim for a return offer in another group and in another country (i.e. UK)? I want to avoid the costs for a masters (~EUR 50K) if I can.

Thank you very much!

Btw: I am asking this early since I am fully aware of the fact that some networking will be necessary.

 
Most Helpful

The internships are a good start, and regarding the 'special focus' issue, tbh you're early enough in your career that you can give them a good story in your cover letter/ interviews to explain why you'd like to pivot into something else. Regarding the lack of experience in London, I don't think that's a problem either. London banks hire lots of Europeans with no prior work experience in London so you wouldn't be alone in that regard, in fact may make you stand out a bit more if you twist it the right way.

You are right that if you apply FT you will knock yourself out of the running for a lot of internships - I think in that case you would need to see what your risk appetite is. Obviously a lot of banks hire heavily from their intern classes, so the odds of getting a full time straight in are quite low. That being said, there are a few banks (Citi in particular comes to mind) which allow applications to both summer and FT programmes simultaneously.

Overall, though, I don't think a Master's is necessary for you to get a FT offer, but an internship in London might be.

 

A est corrupti eos natus rem. Animi et sunt rerum facere itaque. Aut earum id quibusdam ut aspernatur delectus. Blanditiis accusamus vitae velit ab aut architecto atque. Id quis iusto accusantium. Fuga qui autem reiciendis dolor reiciendis omnis sint.

Vel est tempore voluptatem eos ratione eveniet. Qui sit mollitia quod doloremque dignissimos neque nihil. Id voluptas veniam ea eos non quo. Atque quidem non quae.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
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...”