How common if off cycle hiring?

mpangrazio's picture
Rank: Chimp | 9

I am a senior looking to get into IB or consulting. As of now, I have two choices:
-To graduate in August (summer term)
-To graduate in December
I prefer to graduate in the summer, however, I know that it will be harder to get the jobs I want. I want to know how common is off cycle hiring and how big of an advantage would it be to postpone my graduation to December.

(I am an international student so if I graduate in the summer my OPT will start in October. So technically I could recruit in the fall if I start working before January)

Comments (29)

May 2, 2017

From my observations the following cities are the most --> least friendly in off-cycle opportunities.

Best: Frankfurt, Paris - by far and away, Frankfurt is THE place to be for off-cycle internships and converting to full-time. Issue is, you need to know German.

Then: London, Asia (excl. Australia) - London often has off-cycle opportunities, but it can be difficult to land them if you require sponsorship, and it's only getting harder. Singapore and Hong Kong sometimes have off-cycle opportunities, but they've shown up less and less.

Worst: US, Australia - It's almost as if there are unwritten rules that relevant banks don't hire analysts off-cycle in the IB industry in the US. It's extremely difficult to land something out of school if you've missed the recruitment cycle, even internships.

Your best bet is graduating in December and going through recruitment for the Class of 2018 cycle that you should be eligible for

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May 2, 2017

Bump

May 2, 2017

Bump

May 2, 2017

I will bump this forever

May 2, 2017

Bump

May 2, 2017

Bump

May 2, 2017

Bump

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May 2, 2017

Bump

May 2, 2017

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May 2, 2017

Some REPE groups take summer interns, some don't.

The schools with big programs (NYU, Columbia, MIT, Cornell, USC) generally have good relationships and can help somewhat with getting internships/jobs. However, RE groups tend to be much leaner than other financing/banking groups so they tend to only hire when they really need someone.

That means that RE recruiting really isn't structured, except for at the largest institutions and even at those it is much looser/classes are smaller than in the IB/ER groups. You might see 15 hires in an IB group but only 2 in a RE group at the same bank.

May 2, 2017

Out of curiosity...where else did you apply?

I debated applying to NYU and Georgetown for the Spring semester, but decided to hold off until next Summer/Fall.

Sorry, I can't offer much advice to you. However, it's my understanding that as long as you network, network, network and use all the resources given to you in the program along with great grades, you should have no problem landing an internship.

May 2, 2017

Kind of a catch-22 though, @Pokemon Master because without experience you're going to have a hard time securing a relevant internship before you attend. What does your non-real estate work experience look like? That might make the difference

May 2, 2017

Private equity intern for ~1 year at a <1 bil AUM shop and an equity research intern at a no name/boiler room type of operation.

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May 2, 2017
Pokemon Master:

Private equity intern for ~1 year at a <1 bil AUM shop and an equity research intern at a no name/boiler room type of operation.

ha, boiler room ... love the honesty

May 2, 2017

Hey guys! No one got any advice for me? Is my CV that perfect already?

May 2, 2017

Be consistent with the font. (education section).

And start your bullet points with a verb.
ie: Created... instead of creation of

May 2, 2017

When referring to the consistency with the font, do you mean that I should stick to the same size for the courses I mentioned? I just made the font smaller there to be able to squeeze everything into one line instead of two. Do you think that looks crappy?

Thanks for your advice!

May 2, 2017

Make it more pleasing to the eye, what you have is a little harsh.

Also, why the "July-Jan 2011" line, is that an internship you've accepted already?

May 2, 2017

Hey there!

The trading internship is one that I already accepted, yes. I will fill out the points when I actually do that internship. I just left space there to get a better impression how much space I would need in total.

I adjusted the font in the education section and changed some of the bullet points so that they now start with a verb.

Here is the new version:
http://www.razume.com/documents/14784
Thanks in advance!

May 2, 2017

They're open in-theory if the bank is fine with sponsoring your work permit. JPM, BAML, MS have off-cycles open at the moment, try applying...

May 2, 2017

Sweet, thanks man.

Does anyone know of any other banks that have off-cycles open to US residents?

May 2, 2017

bump, could really use some help.

May 2, 2017
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May 2, 2017