HOW LIKELY WILL I GET GS/JPM/MS FT THIS YEAR?

Hey guys, I come from non-target and we don't get BB NYC postings.

I struck luck and was able to land BB (UBS/Citi/DB) IBD NYC offer for the summer. I really want GS/MS/JPM or even CS NYC for full time. What are the chances of me being able to leverage the lower tier BB offer for the top tier BB offers, given that my school isnt a target?

Does it happen often?

 

Looks like someone abides by Vault rankings like a bible...

I mean, I know plenty of people who have switched to different BBs after their SA. I even know people who couldn't find a BB SA for the summer of '09, but found BB FT stints last fall ..mainly because BBs' outlooks are a bit rosier & some HR reps even said they underhired interns last summer. I'm sure if you network a lot and you do great in your interviews you should be fine.

 

if it's citi i would say its at the level of CS or even JPM. citi gets flak here but go on any decent PE website and the associates are mostly from GS, MS and then C and CS. JP probably less represented because relatively new but should be better in next few years

UBS and DB i could understand trading up

 
StanTheMan87:
if it's citi i would say its at the level of CS or even JPM. citi gets flak here but go on any decent PE website and the associates are mostly from GS, MS and then C and CS. JP probably less represented because relatively new but should be better in next few years

UBS and DB i could understand trading up

awesome troll post! i would've thought you were kidding if i didn't realized that you're probably some college kid or first year banker who's never actual even set foot at any reputable PE shops or spoken to anyone working at a reputable PE shop.

 

C is definitely in the top tier man.. do a research on all the rankings. Citi is even on the top 5 highest paid investment banks in the world. I would totally take C over CS if its NYC. Those strong dealflows are facts.

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Best Response

I would be cautious about bailing without something definitive. Get a return offer for FT and try to leverage that through accelerated recruiting (do a search here on WSO or talk to recruiters to learn more). Otherwise I might just take the return offer unless you have really strong contacts at GS/MS/JPM/CS who have committed to push you. Definitely don't rely on cold applying online.

Depends how the economy does over the next few months and hiring prospects for FT as well. Also depends on group. Citi M&A is extremely strong and deal flow wise definitely above UBS/Deutsche if its NYC. If it's sector coverage, depends which one...

 

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