Graduating early....advantage?
im currently a junior and i have the opportunity to graduate in december this year instead of may next year. I'm wondering if by graduating early i will get a leg up on the rush of college kids trying to find jobs in may.
You're still going to be going through the recruiting process at the same time. However, only having to worry about the recruiting process (vs recruiting AND school) might be nice.
There's been a couple discussions about this on some other threads. If you didn't have a FT offer in the fall, I guess it could be advantageous since you dont have to worry about anything other than the job search.
Personally, I just did this- graduated early and am starting FT in the summer. But I had a job lined up so I just get to spend some time getting in shape and partying.
Any advantage is most likely going to be for personal reasons, its not going to help you get a job or anything like that if thats what you're asking. But you'll get a sweet vacation for 6 months.
Early graduation --> early employment? (Originally Posted: 11/15/2010)
For example, if one were to graduate in December 2013 (3.5 years undergrad) instead of May 2014, could one be employed earlier like in January instead of at June?
Also I know that bonuses will be handed out around the months of June-July (correct me if I'm wrong). If one were to be employed at S&T/IBD and worked from January - June/July (6 months), would they still receive the bonus at the same levels as other bankers/traders who started in June? (1 year)
If you graduated early and wanted to start working, you would need to ask your group, but they most likely would be fine with it. I know a few people who are starting employment early. If you are doing S&T, then starting early is no problem, but I don't know if I would want to start early with banking. First, it would be a better use of time to go on vacation, relax, and have a life because you are not going to have it once you start.
In terms of bonus, I suppose it is possible that you would receive a smaller bonus than your peers (maybe even pro-rated), but I don't know if that is guaranteed.
I'd be interested to hear about this as well. I know Gekko mentioned an earlier start date would likely be no problem. But, I thought it would be more beneficial to the bank to have all analysts enter at the same time because of training purposes. Is this true? Or does it really all depend on the needs of the group?
Unless you interned during the summer or have previous experience it's probably a very rare exception
I graduated in December and the only questions I ever got about it were if starting in july was going to be a problem for me, if it came up at all. My feel is that no one really wants you to start early, but I'm sure its group to group.
From personal experience and people I know, its a group by group thing. If they don't ask you, don't mention it.
If you get a job at the bulge, they'll probably make you wait till the summer. Their analyst classes are huge and, unless there's a rare exception, they'll want all incoming analysts to go through normal training and stuff. So take a semester off, go traveling or something.
If you get a job at an elite / regional-boutique or MM, then it'll be very realistic as there's less bureaucracy. They'll still make you go through the training in the summer, but I think they'll be extremely receptive for you to get an early start.
Generally agree with this, unless they need an extra analyst. I'm graduating in Deccember and had two offer to start in January from two BBs because of dealflow in tech right now. Caveat is that you won't get any training until June with the incoming analysts, so there's that.
For the offer I took, there is a pro-rated bonus in June.
Check out this thread: http://www.wallstreetoasis.com/forums/graduate-in-3-or-4-years
Graduating in 3.5 years (Originally Posted: 03/19/2010)
If I graduated a semester early, how would it work with being hired by a bank? I'm interning at a BB this summer but wanted to graduate a semester early. Do some banks let you start early?
Bear Stearns had a separate analyst program for December hires. But of course, Bear Stearns....
I'm sure other BB's have similar programs, just not as big.
Most likely you would have to wait until Summer to begin. But having a free semester isn't necessarily bad, especially if you can do something worthwhile.
Well I'm set to graduate in 3 yrs but I want to wait another semester to graduate. Kind of a stupid question but how would bonuses work if I started in feb? Would I get a prorated bonus or no bonus?
Most banks (as in 99.99%) would not hire you early. You are in an analyst class which they teach at the same time and it would not be effective to teach some before others. First because senior people come and speak to the analyst class, but also because you are taught by actual traders/bankers and they don't want to ave to do that more than once per year. They fly the entire analyst class to where ever they are training for that year (it usually someplace cool, London, Singapore, ect).
GRADUATING EARLY? (Originally Posted: 01/29/2008)
I am currently a second year and a semi-target and I wanted to get your take on graduating early. Over my freshman summer, I had an internship with Wachovia Securities. Now, I'm thinking of taking summer classes if I don't get an offer for an internship for this summer. I was thinking of taking summer classes for my junior year as well so I can graduate one semester early. The only issue is that I wouldn't have any internships my sophomore and junior years. What do you think? Is it worth it to graduate a semester early or should I work on getting an internship this year as well as next year?
one summer of classes, and the other for an internship. the point is you need strong internships to get you a good job. it is very competitive. For this industry, work experience before graduation is like the minimum required to get a good gig. just my 2 cents..
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