Hey,
I'm a junior graduating a semester late December 2011.
What effects if any will this have on possible analyst internships in summer 2010?
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your considered a sophomore in standing.
so does that mean I prob wont get any internship offers?
don't put december, put May and you'll get internship offers
Bad idea. Do not under any circumstances graduate in December.
Banks and most other firms hate December grads because of the lag between January and starting in July. There are exceptions but they are rare.
Take a semester off if need be to push graduation out a semester.
not true squawkbox, there is no reason for them to hate december graduates. they just are sophomore in standing.
so is my summer lost, and what happens next year, am i at a big disadvantage, and if so what should i plan to do
i go to a very competitive college, does that help
Interesting question... btw why are you graduating in Dec? Did you already take a semester off, or are you graduating any early? Also, is it 100% decided that you are going to graduate in Dec, or is it not yet set in stone?
I spent a sem abroad, and basically lost that sem. its 100 %
how do you think this will affect my potential internships
senior year you do a junior internship...
ya but am i at a big disadvantage with BBs?
I'm in the same situation as you b/c I transferred and I'm just going about it as I'm a sophomore. I'm doing an internship at a boutique this summer and then applying for BB SA positions then following summer. Everybody I've spoke to said that if they give you a return offer then you delay it one semester and start working in the Winter after graduation.
ya wherd u transfer to ?
ya but if you apply next summer y would they delay the offer,
u could just start in Jan?
u most likely cannot delay offer. senior year internship is when u get your offer. you could intern at the same place twice.
Ftpiper, am I at a big disadvantage for BB IB?
First, FTPiper is a troll (look at his pile of monkey dung)
Second, you will be at a severe disadvantage for BB IB/S&T/Middle Office/Back Office.
The BB's (and F500 + Consulting) do not like December graduations because of the gap between January and July. Too many students ending up finding other jobs in between January and the July start date.
Just push your graduation out and change the resume asap. It doesn't matter what you that semester as long as graduation is in May.
ok but if i do that do ill graduate a year later
wont that look terrible?
lol squawkbox,
ok we need other people's opinions here. my friends are all at BB who graduated in December. No one finds jobs in between the start dates because the best jobs u can get are usually during Fall OCR
if you are at a non-target, then yea i guess don't graduate late.
I'm almost positive you can graduate a semester after your SA gig and keep your FT offer. I know people that are doing that at my school plus all of the current SA BB listings on career services state graduation dates of Dec. 2010-Aug. 2011. So I would think that if they let you apply, then that means that if they offer you to return then they would definitely wait one semester till you graduate and then you start in January.
I just graduated (in Dec.) and have a FT job at a BB lined up for July '10. Whoever said it can't be done is retarded.
ya squakbox i think works at Financial Technology Partners. Hows Wong doin. he do sumting wong?
Can we have someone post who actually works in a bank answer this question, how common are december graduate hires? I assume it doesn't make a big difference at all since you have to start in July either way (at boutiques i assume it might be less structured and they might have an offseason hire that would start in jan possibly)
I hope they let you start in January, I got to get these student loans paid off!!
1) Banks are completely fine with January/Dec grads. I, along with a bunch of my friends, graduated this past December and have BB offers to start in July. You pretty much get 6 months to "enjoy life" as one guy said to me.
2) You don't want to start in January (unless you have huge financial pressures). As far as your loans go, repayment starts 6 months after you graduate anyway. Also, you're off-cycle with your class which can impact the social dynamic, basically a glorified intern since you haven't had FT training yet (you train in July anyway w/ your class), and don't really get a bonus for that time. That said, I've seen it happen where the group knew the person graduated in January and pressured them to start early (group was short-staffed), but at least they added some incentives to it.
Thanks DaCarez for your input. I wouldn't mind the break but i wouldn't mind starting in January if a bank asked me. Are off cycle starts more common than i think they are? Or that was a unique situation when they needed someone in January?
Dilemma: Internships for 2009 Graduates and 2009 December Grads (Originally Posted: 11/15/2009)
Hi everyone,
I wanted to know if WSO members knew particular firms that would be open to having seniors, 2009 graduates, or December 2009 graduates as paid interns? Some of us, like myself, can't afford the Analyst Exchange, unpaid internships, or University of Dreams. Given that the banks are coming to the target schools to recruit for interns, and my own experience if not being "eligible" to go back to the asset management company I worked at--I wanted to know your thoughts and tips.
Most of us know that large firms' new hires are summers that are placed into full time positions. But for 2009 students, it's a window gone by.
Thanks for your help!
i second the author's question
graduating in december (Originally Posted: 11/07/2006)
Hey everyone,
So i'm a fourth year now, with superdays coming up at multiple middle market banks. I'm on track right now to graduate in May, but i've been thinking that if i don't get any offers I can pursue a minor and hold off graduation until December 07. This would give me a chance to boost my GPA and go through recruiting season again with more experience.
My question is, do banks see this as a major turnoff, or are they pretty indifferent? If i was to delay my graduation until Dec 07 by pursuing a minor, would banks consider me for a summer internship this year?
Just curious.
Well what are you going to do in the mean time? Are you going to land a better internship? And the question will come up why it took you 4.5 years to graduate. If you had a co-op or something of that nature then it makes sense.
Would that be detrimental to take 4.5 years to graduate?
Pursuing another major would be much more acceptable than a minor. If you do want to take another crack at recruiting make sure you do something relevant for the summer or it would be a waste.
depends.
You already have interviews, that means you are a strong enough candidate, so boosting your GPA really won't be that effective, since as a senior you have a ton of credits(i.e. you change a 3.5 to a 3.55).
Getting an internhship will help, but its just as competitive. How certain are you that you'll even get an internship...if you don't have the interview skills?
So my advice is to prep your ass off for the interviews, you already have more than 1 foot in teh door, don't waste it, if you can't get a full time offer from interviews...you are probably not a strong enough candidate, so you won't have much luck if you get to do it all over again...so you'll just end up throwing away a year.
If you really want to do IB, and you don't get in on the analyst level, go work somewhere for 3-4 years, then get into a good Business school, and get into IB that way.
The way I see it, not getting an analyst position at an IB is not the end of the world. Be positive, you just saved yourself 2 years of slavery...relax, do something else, get some variety in your life, then come in at the associate level and skip the bitch work.
And since you went thru the process, you'll be much more ready for the Associate process.
But like I said it really depends if you feel you can raise your chances that much higher, but the way I see it...if you don't improve yourself after bombing that first interview, getting that extra year will do you no good.Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
Seriously, you have not had an interview and you have 900 posts? Pretty funny, but if the disclaimer is true it is just sad.
as far as posts are concerned...what can I say, I like voicing my opinion and giving advice/help. And the only reason for the disclaimer is so that someone doesn't take my advice to heart, and will wait for more opinions to make a decision.
Thanks for the comments. Having 3 superdays coming up at middle market banks, I'm pretty confident I'll land an offer. I had basically just wanted to know if banks find fault with students who stick around for an extra semester. I had only considered the possibility of sticking around for an extra semester in order to try again for the BB.
Graduating a semester late: can I still apply for junior internships? (Originally Posted: 11/05/2010)
I recently transferred to a semi-target school (Emory). Although this is my 3rd years (5th semester) in college, because some credits didn't transfer to equivalent Emory courses, I will not graduate until December 2012, instead of May 2012 like most juniors.
Does this make me unfit for junior summer analyst internships at BBs? Must I instead pursue internships and programs designed for sophomores?
Should I still bother dropping my resume for junior-level positions, or will it just be thrown out? Can excellent networking put me in play for one of these jobs?
Thanks.
My friend did the same thing and was in the same situation. He did a summer @ Goldman after his '4th' year (still having the fall leftover), received an offer at the end, and started in January.
let me guess, through networking?
Excellent networking will always put you in play for anything.
No.
MLOA might delay graduation by a semester - tips?? (Originally Posted: 04/07/2008)
Hey everyone,
Due to a million extenuating circumstances, I may have to take a medical leave of absence this semester (even though school ends in less than a month). This will lead me to have incompletes or withdrawls in all of my courses and regardless of which one happens, I will likely have to stay an extra semester. I know a lot of people on here talk about that as a strategy for securing a job when recruiting screws them over but I already have an internship that I'm excited for this summer and am gunning for a full time offer. Will I still be eligible for a full time offer if I end up graduating a semester later than planned (Dec. 2009 as opposed to May 2009)? How does that work out? Any tips would be greatly appreciated because I'm majorly stressing out.
Thanks!
Bump... I know someone has to have some insight...
This is something you should bring up with your group towards the middle of your summer, after you get your mid-summer review (providing it's positive and they are inclined to bring you back). Have your group COO talk with HR regarding your situation. I've known kids that have graduated off cycle (early or late), that have skipped training and come to the group. The fact that they were summers gave comfort to the group that they could handle the work. It's case by case, but the important thing is to do a good job during the summer so you can even have this conversation in the first place. I would not bring it up early.
Deferring graduation for a half-year (Originally Posted: 11/11/2007)
As dried out as the job market is now, the only offer I was able to secure (so far) has been a MM firm in SF. I don't want to start out on the wrong foot, but I have considered the possibility of deferring my graduation for another half-year, getting another summer internship with a great firm, and locking an offer/apply next year for full-time. I had a hedge fund ops internship 2 summers ago, did IB for a reputable boutique this past summer, and a solid GPA from a target.
I know that this would leave me with a half-year between graduation and work, but I don't think it'd be too bad to get in some play before getting on the grind for 2 years. What do you guys think about this? In the case that I don't get an offer after this upcoming summer, how bad would it look if I had 2 previous internships in IB?
If you have parents who are willing to support you for a year of doing (almost) nothing, then I would go for it~ if you're from a target with a solid gpa and a good chance for next year.
It would be pretty bad if you don't get it next year though. Just wasted a year of your life + lowered b-school admission likelihood (one less year of experience if nothing else).
Incoming SA. Unexpectedly graduating in December. Should I tell the firm? (Originally Posted: 02/20/2017)
Hey guys,
Basically I am an incoming junior year SA at a megafund (Carlyle/Apollo/Warburg Pincus). Due to my inability to register for certain classes this semester, it looks like I will be two classes short by Summer 2018 (my original graduation date). I will probably have to graduate in December 2018 instead. Looks like there is no way around this, as I have already fought with my school about this.
What are my options? Do I tell the megafund now and risk that impacting my return chances? Or maybe I can tell them after I get a return offer (assuming I do well), and hope they let me delay my start by 6 months? Or maybe I should tell them right away that I want to return for another summer?
Ideally I would just like to secure a December start. If anyone has any experience with this please chip in...
Much appreciated!
Can you take summer/winter classes to fulfill the credits? Or take courses during Fall 2017/Spring 2018 at a local college on top of your normal course load?
If not I'd wait until after your internship is over to tell HR. I'm in a similar situation this year, but I had an obscure medical reason for having to potentially push grad date back. Bank was totally onboard with pushing start date back, but I ended up biting the bullet and loading up my schedule to 8 classes so that I could graduate on time.
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