Hi all,
Recently reecived a BB SA offer for next summer 2020. Their conversion rates aren't fantastic and I was wondering if any other London people have had any experience trying to leverage that to obtain other full time offers. Is there a way to do this?
Ike
| +162 | How to stop feeling like shit for not making it in IB? | 59 | 2h | |
| +120 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 3h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 17m | |
| +39 | Ranking banks that went under | 24 | 12s | |
| +38 | Burnt Out M&A ASO | 20 | 16m | |
| +35 | Relevance of A-Levels for U.K. London recruiting | 24 | 4h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 1d | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +27 | Intern Ettiquette | 4 | 1d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Try to give some more infor so we can try to help, what languages do you speak and whats your background (msc /bsc, target / non target..) as this information can actually help.
Assuming you decided to take Barclays, you will be able to leverage, but it will depend on the market in order to get FT Offers or you may have to start as an off cycle. But in any case, as stated before, I would need some more infor in order to know how "preciate" your profile is and give you some more personalized tips
Hi,
Target undergrad and currently on a target Msc in Management.
That helpful?
Assuming real targets in Europe, that should open you many doors. I mean, if you speak another language than only English, and you have those "brand names" will help you 1st to contact alumni, and having the SA will give you better chances of recruiting.
Imo the hardest thing in this world is to get a foot in, then, if you have the correct experience (BB / EB are), you speak another language (many banks are hard focusing right now on having the proper language skillsets on every team) and you went to a target uni (which means you will have a nice alumni and your unis will be known by HR and other bankers) will make it much easier to recruit both FT or Off-Cycle and then start FT after a 4-6 months period.
HSG LBS German-French?
Realistic > P&U Barclays > PE Megafund
From what friends who have pulled off the SA to FT lateral shared with me:
You need to tread carefully, networking too soon can bite you in the ass and leave you with nothing. The best way to go about this is to wait until you get your mid-summer review... Once you have an idea of whether you are going to get a return offer or not it makes more sense to start meeting with your network at other banks.
Why? It's very easy to talk about how much you've enjoyed your experience but you need legitimate reasons to want to leave. If you start too soon, that is a bad look on you (trying to jump ship before you even start). Peers of mine have made the move by talking about how they really enjoyed their time and would definitely return to bank A, but are more interested in bank B because of their focus on Y which will align more with their goals and yield a better experience analyst experience.
In London the best way to do this "networking" is by going for some drinks with alumni from other banks, at least what I did and what friends of mine did, this way you are in a much more relaxed atmosphere (but there are also some drawdowns that may happen if you cant control yourself)
Replying to this comment but all posts invaluable.
One further logistical question:
Does this sort of thing become more informal and network based at this point? Is it more about meeting with the right people as opposed to simply applying to these banks online?
Went through that this year. Didn't do anything until 2 weeks before the end of my internship when I knew I had an offer. Some banks officially host networking events, some don't. I would recommend that you focus your networking on the team you covered that summer or you have some ties for a specific reason - FT recruiting is in 95% of cases team specific. FT recruiting seems to accelerate itself once people have signed return offers - usually from mid-september. Happy to answer any specific questions on my experience - trying to remain annon for obvious reasons, and please try to keep it as public as possible so that as many people can benefit from that.
What exactly did you do in those 2 weeks: did you reach out to people you knew/alumni in other banks and say you were interesting in moving over? How did you go about it?
Were you successful in moving? And of course keep it anon. but what type of banks was it: were you at low BB UBS/DB and move to top BB GS/MS?
Thanks bro
Corrupti labore voluptates iste blanditiis omnis veniam. Accusamus consectetur eaque sed. Quasi atque quae nostrum eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...