How hard is FT recruiting compared to SA.

Would you need people higher up MD VP to vouch for you rather than analysts because there are fewer spots. This is coming from semi-target in the midwest looking to get into NY. Many people have said to delay graduation but I can't afford. 

Should I be resaching out to MDs starting now to counter the fact that I am recruiting for FT without an SA?

Comments (8)

 
  • Analyst 1 in IB - Gen
Nov 21, 2020 - 5:56pm

Random SA spots do sometimes open up throughout the year, even in the spring for the same year. Keep networking and looking for IB SA opps as well as other internship opps, and worry about FT networking next year if nothing pans out

 
  • Prospect in IB - Gen
Nov 21, 2020 - 6:32pm

I am in the similar boat. Non-target here who could not convert for 2021 SA and at this point considering FT recruiting. I am trying to get an internship at boutiques this summer since there are a few out there that do convert for FT, but I am curious to know what the process for FT is like. I would love to hear from people who have gone through it or from people who have interviewed people for FT, how different the interview prep is and when we should start really networking?

 
Nov 21, 2020 - 7:18pm

The bar is higher than for SA, but the real difficulty comes into the number of open positions. For SA there are a lot of positions, so while competitive, you can land a spot if you are qualified. I would imagine for FT, all the SAs who didn't get returns are competing for a handful of seats. You will have to demonstrate that you are more qualified than them which can be difficult.  

 
Nov 21, 2020 - 11:09pm

I would say on average it is more difficult, as you'd have higher supply given people who want to leave a bank or didnt get a SA position. However, many do give up at this point. The real challenge tho is there are less confirmed spots and so no formal process unlike SA. Usually, spots open up randomly and there is no pipeline so you will have to look out for yourself and create something a lot of times. Plus, you are second to their SAs converting to analysts so you may recruit and turns out they dont need anyone. Interviews tend to be more technical as you are expected to start with some knowledge but by far its not impossible. Its more networking based I'd say, but just applying its possible.

 
  • Prospect in IB - Gen
Nov 24, 2020 - 10:14am

but how do you know when the spots open up? I am sure our "networks" will be busy and won't go out of their ways to tell us there is an opening every time, so do we just have to check with and follow up very often? This is assuming it doesn't come up on OCR portals (non-target here) or any other job postings

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