Freshman Programs

Hi there! :)

I am currently a Freshman at a large state school. I know GS, JPM, Barclays, and UBS have many freshman programs targeted toward minorities, which I am.

So I was wondering, when are the applications released to apply to these programs? Are there specific dates? How can I apply? Where do I find these applications?

Also, how difficult is it to secure a spot in one of the Freshman programs if you DO NOT attend a target?

Thanks!

 

You can just go on the career websites. I think the applications are the same time frame as for summer analyst recruiting (don't remember specifically). They are held like in February-March. As with everything in banking positions are very difficult to get into as HR uses these programs to look at early prospects for internships. Also you probably have 0 work experience so resume screening takes into account high school achievements which do favor students from targets.

 

I'm a freshman, and applied this year and got an interview. They told me that they were telling people after one round whether they were in or out.

I didn't make it. They told me up front that they were only looking for S&T, IB spots were already filled. I was only interested in IB. While I'm in touch with the interviewers, who told me to definitely apply for next year, apparently no freshman in new york (columbia and nyu) got one.

A friend at Berkeley reported the same situation. Or no freshmen from berkeley, either, I don't know about other places.

 

Wont specify the year, but I took part in this program. About 15-25 kids each year, split about evenly between banking and s&t. It's not geared toward minorities, as most of the kids are usually white ivy league kids. One freshman each year is what I've observed.

Let me know if you have any more questions.

 

It was just frustrating because they told me they wouldn't be taking anyone for IB before the interview even started. I'm not sure why they even invited me, although they said they wanted to keep relations up with the school and encouraged applying next year.

Millhouse, I just had fit questions. For a couple of the people in S&T, I heard there were a few basic math ones, and one guy had a couple of broad questions on the markets. All easy, though.

There was a lot of "why finance given now", variations on "what are your strengths/weaknesses", and examples on working in a team. You get those everywhere though.

 
APAE:

You're wrong right out of the gate. MS has the Bridging the Gap program for freshmen and the RBF program for sophomores. UBS has the President's Internship program for sophomores. BAML has a sophomore program. Citi has the Diversity Scholars program. Credit Suisse has the Douglas Paul program. GS takes sophomores into its summer analyst class regularly.

That info is actually gold!

 
Phoenix2017:

@APAE: Great, thanks for that list. Too bad none of them are for freshmen, barring MS which is for URM and LBGT.

Very few kids can actually add value as a freshman at a bulge bracket bank, therefore they don't hire them except in rare situations, and even then it is usually more a form of pipelining than actually expecting them to work. Sophomores get hired because some kids (often at undergrad business programs [have seen Wharton, Stern, Ross, Marshall at USC]) get early exposure to technical subjects that juniors or even incoming full-times from a liberal arts background don't have. That was my case; I got hired early.
I am permanently behind on PMs, it's not personal.
 

They typically take 20 kids, 5 freshman and the rest are sophomores. Participants come from a very diverse background. I'd say it is a semi URM program, but there are white kids too.

One unique feature of this program is that each school, whether it is HYP, Wharton or some no name state university, can only send a maximum of two students into the super day.

They used to have separate super days for target and non-target. More kids will be picked from the target school super day.

 

Does anyone know what is the most important criteria for selection of first round interviews? Is it school, gpa, or work experience (assuming a freshman who worked in BB in HS senior year).

The candidate is: 1. Target school 2. 3.6 GPA 3. Ex-BB asset management

SarahP, the deadline for the program has passed.

 

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