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

SpartaMadness's picture
Rank: Chimp | 3

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?

Comments (14)

Mar 15, 2010

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.

Mar 15, 2010

And by "network" I mean reach out to alumni at your school (there has to be at least a couple at each of your target firms) and HR as well.

Mar 15, 2010

anything's possible lol

I didn't intern but met up with a vc for dinner and got an offer - its all about how you sell yourself, your credentials, and a bit of luck

Mar 15, 2010

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

Mar 16, 2010
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.

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Mar 15, 2010

^^ That's a pretty retarded comparison ... those associates from C got experience when tehy were doing big deals and before it imploded and sold itself to the US government

Mar 15, 2010

agreed - but i assume the network of citi guys in PE still helps, though thats just my 2 cents

great username govolck

Mar 15, 2010

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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Mar 15, 2010

Your #1 priority should be doing well in SA and getting a FT offer from the same bank. If you want to lateral then you need to network a lot, but with a BB on your resume you should be able to land FT interviews with GS/MS/JPM. Then it's all about your summer experience and interviewing skills.

Mar 15, 2010

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...

Mar 15, 2010

bump

Mar 15, 2010

Sparta, if I was the guy who hired you and I read this I'd fire you on the spot. Stop being a little bitch and obsessing about the relative "stature" of this bank or that bank. Be grateful that you have opportunity that many people would do just about anything to get.

Mar 15, 2010

thanks, bump

Mar 16, 2010
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