Comments (48)

Aug 9, 2017

Yeah I would like to know as well

Best Response
Aug 9, 2017

There is an inverse correlation between how far it can take you and the number of times you mention it to people.

Aug 9, 2017

gonna need to see some hard data analysis on that

Aug 9, 2017

Purely anecdotal. Something tells me we are going to have another one pretty soon if you don't believe me.

Aug 28, 2017

Yeah--pie charts are a must with this deep learning analysis.

Aug 9, 2017

*negative correlation

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Aug 11, 2017

Tell me the difference between an inverse and a negative correlation.

Aug 9, 2017

If the MD is really pushing for you, then there's no need to mention it. Personal experience is that we had the friend of the son of a group head in our process once. Group head said good things but ultimately left it up to us. It got the kid a phone screen, a superday invite (barely), and no offer when it turned out he was a bit of a spaz in person, and brought up the connection at literally every possible opportunity.

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Aug 28, 2017

You'll most likely get a first round but thats about it in terms of how helpful he can be. superday is all on you. Good luck.

Aug 28, 2017

Thanks, I appreciate the insight! He told me that they'd call me early next week for what I'm assuming is the first round phone interview. Have you heard anything regarding their superdays?

Aug 10, 2017

I can personally speak to this. It matters. But only if you earn it and you don't take it for granted.

The way I see it, if there are 10 applications for every IB internship, there are 4 qualified candidates. One will be a fucking weirdo who is "too" qualified on the technicals but people wouldn't work with. One will be the opposite, everyone likes him but his GPA is just a little too low considering the other two. The other two are perfect; they can do the work and they are personable. The team is indifferent between these two.Therefore, even if you nail every interview and don't have a bona fide connection, you still might get fucked by numbers.

If you have an MD pulling for you and you are one of the goldilocks two, you're good almost every time. You have a tie-breaker. If you're one of the other two "qualified" candidates, you're usually also good because they can still reasonably assume you can perform and the MD's word matters (especially because a lot of people making the decisions work for him/are scared of him).

So, you still need to be qualified and earn the role. Don't talk about your connection, and be humble. Don't assume that just because you got a recommendation, you're set. Go into your interviews like you have nothing and you're begging for a job. You still are. You're still just another worthless shit trying to break in, just the odds are a little more fair instead of entirely fucked.

Of course, this isn't true past a certain level. If your connection is close family and plays a legacy trump card or if he is sufficiently high up (Vice Chair, Group head, C-level), then unless you REALLY fuck up, nobody VP or below making the hiring decisions will likely have the balls to ding you.

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Aug 28, 2017

Here is a little bit of background about me. I have just graduated from one of the Canadian universities majoring in economics... and psychology (A major that I would never mention when someone asks me what I was studying. EFF psychology. If it wasn't that I started out my freshman years in forensic psychology and didn't want to make those courses I took seemingly like a total waste, I would rather do something quantitative). As mentioned above, my resume would be dinged within 0.005s once it has been reviewed, and I'll be the first one to admit it: I dicked around for my college years. Firstly, GPA. There's only a single word to conclude with my GPA: disaster. That was largely because I chose a major that I wasn't good at, and couldn't get good grades no matter how hard I tried. Secondly, I was holding two club positions that were rather time consuming: an editor position for a school newspaper, and an event executive position for a student association. Being an editor wasn't easy, as there are people often procrastinated till the last minute before the deadline, the moment where we had our layouts, graphics, and typesetting all set, and they submitted their work. Reasons? "I have my projects/essays/midterms/readings etc. to catch up", "My laptop broke down", or "oh yea I forgot." Anyways delayed work often took up 2 straight-nights to fix, and this happened once every 2 months. The other position as an event executive, needless to say, was responsible for regularly organizing social events for members, for 200 - 300+ active members, and events including banquets, career info sessions, poker competitions etc. So in a nutshell, I was too focusing on the activities.
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Okay so far at this point you might be concluding: this guy is fucked and has no hope. I won't take that up personally because that is exactly how miserable I feel right now. For the first time in life, I was actually truly regret of not working my butt off during the college years. This feeling grows stronger when I see couple others around me now either being interviewed by BB such as GS, JPM etc., or already currently working in them. Therefore for the weak academic sake, even thought I'm working hard on CFA Level 2 and on the other hand polishing my financial & statistical modelling skills, I don't see a great chance that I'll be able to pull off any interviews, or actually landing a position in ER associate.

Aug 28, 2017

The WM MD could push your resume within WM at TD, but unlikely that he has a say in the ER department.

Aug 11, 2017

It'll get you a first round/phone screen and most likely even a second round. But, if the VP/Director takes you out of the running, thats it. I speak from my own experience with getting a great recommendation from Head of Fixed Income in APAC and then said "umm" too many times during third round interviews with Directors (came across as lacking confidence) + 2.8gpa from a semi-target.

Still think about that interview and what I did wrong.

Aug 11, 2017

Ravioli Ravioli Give Me The Formuoli.

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Aug 11, 2017

did that Head tell you why you didn't get it later?

Aug 11, 2017

I don't speak fluent Mandarin, or language variation of Chinese, which didn't fit into their overall business strategy in HK. This was for a S&T position, which I incorrectly assumed required zero Chinese.

Though one of the Directors that interviewed me gave me immediate feedback and mentioned me saying "umm" and "I think" (as opposed to saying "I believe") a lot which came across as sounding "unconfident." I've since worked on and fixed those to a degree.

Edit: to sum up, a whole host of reasons I didn't move on to superday. Live and learn.

Aug 28, 2017

Yes of course. He works with and interacts a lot of these people every day and has developed personal relationships. It's definitely better than you going in there with nobody on your side.

Aug 28, 2017

thanks. bump

Aug 28, 2017

if he has a strong contact in ibd then ofcourse he can recommend.

Aug 11, 2017

What about a Partner?

Aug 28, 2017

I would reply back thanking him for the HR contact and then asking if he's available for an informal interview.

Aug 11, 2017

Next week I'm speaking with the vice chairman of a BB that recruits on campus at my school. He's a pretty extended family member and I cold-emailed to get the conversation.

Any advice regarding what he'll be able to help me with? Should I ask him to connect me with head of IBD groups I'm interested in? I'm trying to figure out what is the proper way to maximize the speaking opportunity. Any suggestions are greatly appreciated.

Aug 11, 2017

Ask him to connect you with alums from the school or the person that leads recruiting on campus.

Aug 12, 2017

Here is a pro tip that many people don't know. Get a recommendation to someone that is high up and involved with recruitment. Even if the VC doesn't know you very well, his slightest recommendation to someone running basic recruitment will propel you into a first round or maybe even a superday.

When the person is making records and writing notes on every candidate, your will have "Vice Chairman recommendation, personal" which is the key to success

Aug 12, 2017

Great advice. Thanks!

Aug 11, 2017

Pretty far, the head of M&A of one of the top 3 BB and the global of FIG at another recommend me, no phone interview, straight to final round hahah.

Aug 11, 2017

Do you think they went easier on you in the superday or treated you the same as the other applicants?

Aug 11, 2017
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Aug 13, 2017