hot that is way to much. I would shoot for around 1500. BB would have 40ish per class nowadays given the shitty economy and MM/Boutique should be no more than 10 per class.

 
Best Response
A Fellow Linguist:
Not sure why monkey shit was thrown at the OP. This seems like a pretty interesting question.

Yeah I don't know why either, but I just brought it back to neutral because it's a question that I've wondered as well.

Here's my shot at it focused on US only (AKA making up numbers and adding them up... hmm doesn't that sound familiar?):

  1. Bulge bracket banks: Let's say there are ~100 incoming analysts at each BB, which gives us 800. I don't know if I'm counting ECM/DCM or not. Since I'm using ball park (read: made up) numbers anyway, I'm going to just round this out to 1000.

  2. Elite boutiques: I can count 5 (Moelis, Lazard, Evercore, Centerview, Greenhill), and let's say that they take about 20 new analysts, each year, which comes out to 100.

  3. Middle Market: I'd imagine that middle market banks take on about the same number as the elite boutiques - they may have more expansive operations (i.e. full service), but many are regionally based or industry specific, so let's say there are on average about 20 new analysts per bank here, and let's say there are 20 MM banks, which shakes out to 400.

  4. Everyone else: true boutiques, specialty firms, etc. I have no idea, so let's just say 100.

That adds up to a total of ~1400-1600. Call it 1500. I'd be happy if that was within a couple hundred of whatever the real number might be. There are a lot of areas where I could be just completely wrong, including pretty much every single number I made up.

 

Evercore's full time analyst class for New York is supposed to be about 20 analysts this year. I've seen NYC BB industry/product groups that take 11 first years and other NYC groups that take around 4 (not the entire firm but just one group in IBD for NYC). I do think that 11 is on the high end for new analysts in a BB NYC group but I could be wrong. Assuming maybe 10 product/industry groups, I'd say there are maybe 70-80 new FT analysts per BB bank in NYC?

Regional branches of BBs take a lot fewer people. I know one branch that is taking only one full time IB analyst this year. West Coast offices take more analysts than offices like Boston, from what I've seen but less than NYC. I think 100 per BB bank nationally is a decent estimate.

 

Yeah. Some hired 100, some hired 70.So the average is about right.

If you are looking at the total # people going to Biz shcool/PE funds, then you probably want to look at other boutiques like bx, rothchild, moelis etc. But I am sure you knew that already

 
Accidental Banker:
How big are the IBD classes on the West Coast?

would appreciate if someone can shed light on GS SF, MS SF, CS SF, BoA-ML LA, UBS LA, CS LA

also interested in smaller firms like Jefferies LA, HLHZ LA (FRG and Corp Fin), Moelis LA, etc

These numbers are somewhat rough:

GS SF: 12-15 CS SF: 3-4 (but 4 2009 FT analysts deferred to 2010, so 7-8 total?) UBS LA: 7-8 Moelis LA: 4-5 Jefferies: 6 across SF and SV; not sure about LA

 

i know a couple of those

UBS LA - i think around 8-10 forgot BoA - 4-5 Jefferies - heard that took 3-4 total HLHZ LA - Corp - 2, Rest -5 Moelis LA - 5

Those arent exact numbers though. I just have friends working in them telling me about the rough /expected class.

 

I think that is wrong considering some groups are going to be around 10-20 alone.

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
 

Although the '09 class sizes are going to be slashed, I hear that the '10 class is going to be even smaller from a few industry sources. Apparently, some firms are either forgoing or vastly reducing the next round of summer analysts

 

"Although the '09 class sizes are going to be slashed, I hear that the '10 class is going to be even smaller from a few industry sources. Apparently, some firms are either forgoing or vastly reducing the next round of summer analysts"

Yeah I've experienced that so far. Already three banks have canceled SA interviews for our school.

 

@grandpabuzz:

Do you go to a target school? I would be interested to see which schools are cut from recruiting. I go to a non-target school; and, as of this morning, the usual handful of BB firms are still scheduled to be on campus in January for SA recruiting.

 

We're keeping our analyst size the same and opportunistically looking to expand -- perhaps based on early signs of improvements in the economy or the right individuals. Needless to say, the number and quality of applicants are way up! SA recruiting hasn't started -- but this is an important pipeline and therefore I expect levels to remain the same.

~~~~~~~~~~~ CompBanker

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

I'd say most banks are down by at least 1/3 of the 2008 classes. Some more (Citi), some less (JPM), but on the whole that's about the average. I also agree that 2010 will be the toughest yet, probably 1/2 the size of the 2008 class or smaller. A lot of the FT hires at my bank were extended to summers before sh!t really hit the fan, and they don't want to rescind. Will not be easy getting a summer analyst gig this summer or FT for 2010 grads.

 

I've accepted an offer from the bank I was an SA at over the summer and personally, I hope they hire me initially and then decide to let me go. I'm sure the money I would see if this were to happen will be more than if they rescinded my offer in the next few months..... In my mind I am not in any worse of a position if this were to occur, recruiting for this year's graduates is pretty much complete already; even in industry.

 

For an IB analyst program at a BB, usually ~90-100 for U.S. employees.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

So probably 45 total between gs tmt, ms m&a, lazard, greenhill, evercore. Assuming some go to hf's, b school, stay in banking, or burn out, it seems like there would be spots at megafunds for almost all who want them, no?

 

Absolutely, that's why it's so easy to get into PE.

Factor in a few thousand coming from top B schools who were GS TMT/MBB/etc beforehand in addition to BB analysts trying to lateral and the competition gets a little more intense.

 

Ha I didn't mean to imply it was easy, just trying to ballpark the numbers.

Aren't the people coming from b-school applying for a different position? Or are analysts competing with them for the same positions - I thought there were pre- and post- MBA associate roles.

 

In 2005, from the Wharton School of Business (number of accepted offers):

B of A Securities: 2 Barclays and Bear Stearns: 1 each Blackstone: 0 Citigroup: 33 Credit Suisse: 11 Deutsche Bank and DB Securities: 6 (4/2) Goldman Sachs: 25 Houlihan Lokey: 2 JP Morgan: 6 Lazard: 2 Lehman Brothers: 6 Merrill Lynch: 3 Morgan Stanley: 5 Prudential Capital: 1 RBC Capital Markets: 2 Rothschild: 1 UBS: 12

http://www.vpul.upenn.edu/careerservices/wharton/FullTimeCompanies.html

Note that this is from Wharton ALONE. And it reports the number of accepted offers which isn't important: the number of offers will be more than those.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-
 

Haha a friend?

Pretty sure you bombed this during an interview and are trying to find out a good answer now. Either that or you're looking to prepare for an interview and getting other people to do your work for you.

 

The thought that this could be asked in an interview didn't cross my mind. I have a couple offers; if anything I was wondering how large the club I'm in is. But how ridiculous people act on this forum makes doing banking seem like such a nightmare. But I digress, I also estimated around 1000, figure 8 bulges hiring an average of 75 kids, 100 or so going to top boutiques and a few hundred at middle market shops.

 

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"Now watch this drive." -W.
 

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