Thanks! I assume this is for NYC offices, so FT analyst class sizes are 70-80 for GS/MS? I have read on here GS traditionally gives way less return offers relative to other BBs, but they only have a handful of spots for FT hires after the summer

 
Gutfreund_:
Thanks! I assume this is for NYC offices, so FT analyst class sizes are 70-80 for GS/MS? I have read on here GS traditionally gives way less return offers relative to other BBs, but they only have a handful of spots for FT hires after the summer

Rough FT class numbers. I heard MS takes most SAs back but GS takes fewer, but not sure how that translates to SA class size because of laterals

 

If you're talking strictly front office, it's at least 1000 across the street.

Goldman alone last summer had around 160 interns in their S&T program. Now add on their Ibanking, Asset Management groups.

Think about Lehman's double session of interns across ibanking/cap markets/etc., and then add on everywhere from Morgan Stanley, JP Morgan, CS, UBS, etc. etc. etc. Even smaller banks had over 100 interns last summer.

 

There are somewhere between 20-30 SA's in FI S&T at CS in NY as far as I'm aware.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

IBD SA classes GS/MS Hong Kong are always HUGGEEEEE.

GS/MS are notorious (at least in past years) for getting a lot of SA's but hiring very few for FT.

The other banks generally hire much less (GS/MS was something like 25-30%. There was a thread about it a while back.

It's surprising UBS class is down to 6... I think some people must've turned them down in light of the current situation. Last year they had in the mid-teens.

On the other hand, it looks like the people that do have SA positions are well-position for full-time conversion with the economy showing signs of life and the drastically decreased amounts of SA's.

 
ibhopeful532:
IBD SA classes GS/MS Hong Kong are always HUGGEEEEE.

GS/MS are notorious (at least in past years) for getting a lot of SA's but hiring very few for FT.

The other banks generally hire much less (GS/MS was something like 25-30%. There was a thread about it a while back.

It's surprising UBS class is down to 6... I think some people must've turned them down in light of the current situation. Last year they had in the mid-teens.

On the other hand, it looks like the people that do have SA positions are well-position for full-time conversion with the economy showing signs of life and the drastically decreased amounts of SA's.

Both GS/MS have a lot of relationship hirings in their SA cl... probably more than those hired through the official SA interview process... Many relationship hirings will not get a FT offer and some of them know that ahead of time. For GS HK in particular, they actually have a special internship program prepared for these relationship hirings. It is 6-8 weeks and only opens to Freshman and Sophomore. One of my friends did that program last year through her father's network.
 

I'm from Northwestern University. I made it to final round for DB Chicago. After I got rejected, I asked politely over the phone just how many summer analysts they took for the Chicago office, and she said two. Definitely looks like the Euro's are cutting back. I'm working at JPM this summer and it looks bleaker than last summer as well.

 
ibhopeful532:
I think after LondonE1, people are really hesitant due to chances of being outed. Internet anonymity is an important asset. =)

Who cares about being outed? As long as you aren't saying anything stupid (like LondonE1) then it doesn't matter.

If people showed more respect to others on this board then there wouldn't be any need for anonymity. Go to almost any other board and you will see plenty of people revealing their identity.

 

According to an analyst who works there, last year UBS hired 15 interns into London DCM. This year they've hired 12. IBD numbers are down about 40%, with ECM being the hardest hit.


Just my 2c.

__________ Just my 2c.
 

I think they've cut them to fit the expected FT hiring numbers. I think my bank took about 15 or so in FI S&T this summer, whereas they had around 25 last year (I'm pretty sure about this).

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

BB's have gotten smaller (don't know exact percentage). boutiques are thriving in this market (in terms of recruiting talent even though deal flow may not be as great except for prestigious boutiques). boutique hiring numbers are very similar if not greater. BX, LAZ, HLHZ, Moelis have at least very similar numbers from last year.

Restructuring arms recruit even more this year - as expected

 

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