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Career Resources
There's no shot. This is getting absurd.
Not so, it already started. Houston recruiting had already filled at least half their spots as of May this past year, and NYC banks were starting to take kids from my alma mater in May / June, so the networking sessions and first round were all from Feb - May.
I like the Username btw. Prestigious minds think alike.
Soon there will be target high schools.
So you didn't attend Phillips Exeter?
There already are. My HS placed me at a BB and a MM while I was still in school. Analysts at BBs from my HS helped pull me in during junior year recruiting. Probably 20% of my graduating class are currently working in IB.
This already exists. J.P Morgan has a High School Investment Banking Summer Analyst program. They take about 20 kids in NYC from select high schools
There are a few guys from my high school and our league in CT who are IBD analyst and associates so in that sense there are target high schools.
not surprised tbh, the recruitment pipeline in the UK now begins when people finish year 11.
2019 summer analyst recruiting has already ended for most banks...
Only accelerated (which is very few IIRC). Normal is starting over the next few weeks.
Really? how do you know this?
This is fucking ridiculous
Well, 2018 SA recruiting already happened this spring for a lot of places, so I wouldn't be surprised.
I'm not surprised either. Moelis currently has open applications for the '19 SA class.
That's for kids graduating in 2019 aka the "class of '19." Catch up.
Yes sir massa
and WHY?! At this point it becomes self defeating. I understand the rush to get the top candidates first but when it's this fucking early you don't even know who the best candidates are. Some of that takes a bit of time to shake out and it's going to bite you in the ass once you have people with SA2019 offers who then feel comfortable sitting on their ass during summer 2018.
No one has SA 2019 offers, the Moelis SA position is for the class of 2019 who would be doing their SA internship in summer 2018.
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can other people confirm this? doesn't seem real. if so, this sucks.
Confirmation from others would be nice but a recruiter literally told me this word for word over the phone
well i know right now they are doing info sessions and networking events in the spring, but official interviewing doesn't begin that early. perhaps that's what he was talking about
This was true for UT - McCombs and Houston offices (they are the top target). I am not sure about Iviesand other targets for NY offices though
This is true - means that freshman need to have internships the summer after freshman year and start prepping soon. Thankfully I skipped studying abroad to intern at a boutique this summer.
My question is what does this mean for sophomore summer timelines for students from target schools? Where should we be targeting and when do we have to start if the timeline is so high up.
that's why this doesn't really make much sense to me. I've heard houston is earlier than nyc from a different thread tho
Yeah that's why I'm confused too. I actually asked the recruiter what that means for sophomore internships, and they said obviously they understand that they can't keep moving the timeline up and expecting the same amount of internships so I guess they'll adjust their filtering?
Can confirm the rumors that banks are filling their 2019 Summer Analyst spots this coming spring/end of school year for the class of 2020. Was told by an Associate at Wells Fargo they will be done with summer analyst hiring by the end of this school year for the class of 2020.
@threepigeons" hey does this still hold true? Had senior bankers at WF inform me recently that most people (bankers) were extremely frustrated with HR about how early recruiting was this year for 2018 SA. They didn't tell me anything about timelines, but they really hated doing interviews in August/early-September and said they are gonna push for later timelines (October-ish)
Sounds about right. For the Class of 2019, SA 2018 recruiting started around February/March in spring 2017, with first offers being extended in late June and early July. This was mostly diversity pipeline programs (people of color, women, LGBT), though a few non-diverse candidates also got offers that time. Because it moves up a few months every year, I wouldn't be surprised if first offers for SA 2019/Class of 2020 are extended in March/April of spring 2018, with many spots being filled by the end of the school year.
Can anyone else confirm that sa 2019 recruiting has been moved to this upcoming spring?
Can confirm. My BB already has a list of target candidates that will hopefully fill our summer '19 class.
I don't think any banks have their timelines set yet for SA 2019 recruitin
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Wow that's insane... do you have any insights on when superdays would be? It seems like all SA spots will be full even before start of the junior fall semester then.
Anybody in the industry can confirm this? This honestly makes no sense.
I can understand if networking/info sessions are pushed early but without sophomore summer internships, there is absolutely no way of seriously discerning between candidates.
I can confirm . GS recruiting IB session is in April 2018 for the 2019 SA class
I understand that firms are visiting campuses for info sessions in the spring like you said, but do you have an idea of when resume drop and interviews would be? June/July? Also I'm assuming that your school is a target?
So if that is truly the case I guess networking for the 2019 SA positions should start now, if not earlier. That seems super early to me.
Had a 2019 summer recruiting meeting with HR right before people started going away for the holidays. We’re one of the BBs - from my understanding we will not be a first mover but we are prepared to fill spots starting spring 2018 depending on when others move.
Doesn’t that seem fairly early? I feel like that kind of screws over students in a way. If it truly is before the school year ends, students can’t really use their gpa for the end of the spring semester on their resume.
Recently received a generic email from a recruiter at Morgan Stanley that outlined the timeline for 2019 SA recruiting. It says applications will open online in July, which I believe is basically the same time as this past year's recruiting. Obviously, I'm guessing there will be those "secret" superdays for diversity candidates and top students from target schools before the applications are open online to the public... I'm just curious to see if MS will actually stick by these timelines, or if regular candidates at both targets and non-targets will start interviews in May/June.
As I am still fairly new to all of this SA timeline stuff, can you confirm that this means recruiting for 2019 SA positions will start in the summer of 2018?
My comment on this would be do not believe the marketing materials. No one wants to jump the gun “on paper” but once someone kicks off everyone panics.
If I wasn’t clear enough, expect things to kick off February at the earliest and April most likely.
Can confirm this. I haven't been in a recruiting meeting yet but based on contact I had with seniors on our school team at the end of this cycle, the general sentiment is that we were late to the party this year and my firm (also a BB) will be moving a bit earlier next year.
So my biggest gripe with earlier recruiting is the handling of super days etc. If recruiting "wraps up in the summer" that means that first-round interviews/superdays will be held while the candidates are in their sophomore summer internships.
How will this work? Many boutique banks work you analyst hours (70+) and it seems unlikely that you can take days off to interview with other banks.
Anyone can chime in on how the BB/MM/EB's are going to handle this?
Also is this for NYC or will SF/LA also move quicker?
Thanks guys!
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Sb'ed! Thanks a ton man that's a very insightful post!
Regarding technical prep, are the M&I Guides enough? I've completed the M&I Guides already (I came from a non-traditional background, so I was much older when I started uni and had my stuff figured), and I'm a little unsure on what else is needed for EB prep since I'll be focusing mostly on these banks (and other technical ones like HLHZ).
Out of curiosity did you recruit in NYC or SF (or both)?
trying not to spend a butt ton of money but what are the best guides to study for recruiting? i have the rosenbaum book already.
Great insight, just wrapped up my summer 2018 SA recruiting, which ended recently but am surprised to see the recruiting process is moving up even earlier. Few BBs have exceptions where they stretch their recruiting process, so there is a glimmer of hope out there for people who end up without an offer during the accelerated process in late summer.
As for Los Angeles, I wanted to chime in since I recruited heavily for that area and partially SF. LA and SF tend to be before NY offices processes (they finish during the accelerated process), and they move fairly quick. I have experiences the same thing with a few Chicago banks I recruited for. Chicago is more-so in line with NYC timelines, and NYC (depending on the bank) can stretch for months. Best of luck to everyone, the recruiting timeline now is absurd.
There's a lot of #fakenews going around - most BBs will have accelerated Spring recruiting for diversity (ethnic/gender) because they get SA offers out of the programs. Pipeline program recruiting (the majority of SA roles) will not start this far in advance. People need to stop lying to sound high and mighty...
wtf
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