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Also curious to see if offer rates were the same or lower due to COVID, since this is the first "internship" to have already finished this summer among notable IBs

 

The program is 2 weeks in Richmond, VA. There are about 20-30 participants from my knowledge. It is two weeks, they put you In a hotel, pay for your food, and have training/networking events. I believe the first week is training and the second is a shadowing program. it takes place two weeks before traditional 10 week programs begin and is designed to feed interns into full time. A buddy of mine who did the program told me that it is pretty solid and that basically everyone gets an offer (it’s similar to the big 4 leadership program where you have to really fuck up to not get an offer). His exact words were 96% offer rate. he did say that you won’t get Into the program if you have another Internship even though it’s designed to be before internships - it’s really designed to feed into FT. he mentioned that if you get a full time it is in Richmond though and it’s hard to lateral to Boston or SF

 
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I agree somewhat, but the two Analysts that I spoke with both had other IB internships their Junior summer and still got into the M&A bootcamp program. They said it was great bc they went into their Summer Analyst internship knowing they had an offer from HW.

As far as the work itself, I’ve heard there’s some training and then you get paired with an Analyst and an Associate to essentially work through an old deal. You put together a slide deck and build models and present to senior bankers. The Analyst and Associate are there to help you throughout the project.

Heard the hotel is nice as well. Free food for the two weeks and there’s a decent stipend.

 

thanks for your post ^. Have you guys heard anything about the D.C. office (what comp, culture, and groups are there)? My understanding is that the A&D Group is there but I think their are other groups. I’d also expect comp to be a little higher since DC is much more expensive than Richmond.

 

Anyone know what the timeline is looking like for HW Bootcamp recruiting for next summer?

 

Does anyone know anything about comp for the boot camp? Just curious as its only 2 weeks.

 

don't have specifics on the exact comp number but I have heard from boot camp alums that it is a generous sum of money for two weeks also keep in mind housing + food is taken care of I believe. No real out of pocket expenses.

Finance
 

Does anyone know if any other investment bank in Canada/USA does something like this?

 

Did the TPH bootcamp, it's not like the HW bootcamp.

At HW you do a 2-week internship and 95% of people get a return offer. At TPH you do a week-long overview of the O&G industry/TPH and essentially a stock pitch case competition. You're given a company and you're told to pitch something about it to a bunch of partners. You pay for your flights and housing for it, whereas at HW you're paid for the two weeks.

I've heard the HW bootcamp has a case study as well, but again, it leads to offers. The TPH bootcamp just leads to the opportunity to potentially interview. The bootcamp is filled with 50/50 finance students at targets and engineering students that study O&G at targets.

If you're interested in O&G then I'd definitely recommend it to gain a greater understanding for interviews with other places, but if not, it's boring and not worth the time + money you spend on it.

 

Bonus range numbers I have heard are $50-$75K + $20k sign-on bonus and $85K base for Richmond. They pay generally above street. 

Finance
 

Do banks typically care if you do the bootcamp on top of regular summer internship? I am doing SA at another similar MM firm and debating whether my firm will get pissed at me?

 

Most likely no. But if ur doing it at a MM that HW competes with both on winning deals and recruiting, then yea they might be salty. But u have to do what’s in ur own best interest.

 

If u didn’t hear back about being invited to interview, yea u probably got dinged. If you already interviewed and haven’t hear back you’re fine. I don’t think anyone who has interviewed already has heard back yet.

 

Do they give return offers if you don't have a 10-week internship after? like if you only did Boot camp, would they still give a return offer?

 

Nope, got an email from HR last week saying updates would be mid this week. 

 

I think they interviewed somewhere between 30-50 people mainly HW targets

 

Just heard back and was denied. Told me to keep them in mind for the future and apply for full-time roles. 

 

I'm in full agreement. The other person who interviewed me hardly had any banking experience. They didn't even ask me "Why HW?" or "Why Bootcamp?" which I thought was pretty odd and annoying since I wrote and prepped answers for both. They asked me a whack question as well: "How have you changed since you graduated from high school?" I've literally answered hundreds of IB questions at this point and never been asked anything like that.

 

I was asked the same question just in a different form and it completely threw me off...not that it is a hard question but the mere fact that this isn't a freshman/sophomore program where high school was just a couple of months ago. They're talking to 3rd years who will potentially be full time analysts and they couldn't come up with a better question than reflecting on growth from high school lol. For me, the vibe was completely off it didn't seem like either person knew what they were doing and they left way too much time for q&a. 

 

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