S&T SA to IB FT?
How will Banks view S&T SA experience this summer when applying for full time IBD positions in the Fall? I'd like to have at least somewhat related experience so I can leverage it when applying in the Fall.
Of course, I have applied and been through interviews for IBD SA positions, but the hiring climate is difficult.
Thoughts?
FT hiring is going to be even tougher, so just try to land a S&T FT offer.
I think they would look upon it favorably. You landed a job in the worst financial crisis in the history of the world. You can always say that you thought you would like S&T but realized it wasn't for you during the internship. The name of a bank on your resume won't hurt either.
Thanks for your note. I understand I have to cast my net a little wider. I suppose I won't fully know until the end of the summer, but I'm pretty set on IBD over S&T. Would the S&T SA gig be relevant?
I thought it was harder to get into S&T this year because there aren't many positions to begin with.
I'm sure it is as well. It was more of a hypothetical question, since I'm also applying to S&T now.
You also thought "technical" was spelled "techincal" so I don't know if your thinking carries much weight. S&T is a fucking joke compared to IBD -- especially in this market.
says the kid in still in college...this is absurd statement, care to elaborate master of the universe?
S&T is a joke compared to IBD?! haha, great point! you are officially the dumbest kid on this website...trust me, that is quite the accomplishment.
haha, humblethyself has been on FIRE lately. Some pretty funny posts. Thanks for the entertainment, keep it up!
iambateman + PnL, relax dudes -- just bustin indianbanker's chops a bit. jesus christ, jimbrown's the only one on here with some sort of a sense of humor.
oh and fyi, for most of the banks that came on campus, they took more IBD kids than S&T kids -- testament to the difficulty of getting into s&t
Can anyone else shed some light on my proposed plan?
its def doable dude, but may be tougher in this mkt. just concentrate for now on getting the FT offer in S&T. the biggest thing will be your ability to explain in interviews why you interned in S&T and why you now want to switch into IBD
Thanks. Yeah, its pretty tough out there.
sales & trading network into ibd (Originally Posted: 07/30/2010)
Hey guys, so I've been interning for s& t in a bb firm for the past 7 weeks. Instead of spending more time on one rotation I am spending a week with each. This stops me from learning in depth about each product. This is my senior year and I really want to a job in ibd.
So theres a networking event and I got the contact information of some of the bankers. Should I email them and explain my situation? How do I network my way into IBD?
I'm a rising junior that is torn between S&T and IBD. My experience/major/skillset is much more geared towards S&T but the stability and exit ops of IBD are very appealing. May I ask you why prefer IBD over S&T? and if so why did you choose S&T in the first place
Just talk to a few guys at your desk...
thanks, but should I email them?
Advise please!!! S&T SA offer, but wanna do IB for FT (Originally Posted: 02/01/2011)
Hey guys,
I need some advice....
I wanna do banking, but the only offer I have now is a S&T SA position in a BB, and I have already taken it. Do I still have a chance to get into IBD for fulltime. The good thing is they give me the freedom to choose my rotation desks. What desk do you guys think I should pick? Is there anything else I should be pay attention to during my internship?
Any advice is genuinely appreciated! Thank you so much!
um, it's going to be hard but here's what you do. 1. pick the easiest rotations and get an offer, it literally doesn't matter what. No group in S&T will directly help you with IBD. Get the offer. 2. secretly network/make more friends that are in IBD and try to get to meet as many professionals as you can without making it seem obvious that you're a switcher. Don't tell them you want to switch, they'll look down on that. 3. AFTER you get the offer, call them up and let them you know that you would like a chance to interview with IBD. At that time, HR will work with you too.
Here is the best advice I can give you. Pick the easiest rotations that others don't want! PM me if you have more question.
Thanks for the imput! Really appreciate it!
"The specific desks you rotate through are important to spinning your S&T experience to break into banking so don't just pick anything..." --> disagree. You can spin any group's experience into banking related but in reality, they're not. I don't mean pick anything as monkey dart throwing but that they're not that important. People in banking knows very little about the groups in S&T.
Thank you guys! That's very informative and helpful!
GS S&T Summer analyst to IB full time (Originally Posted: 02/02/2013)
Is it possible to make the jump from S&T to IB after a summer analyst position
Anything is possible mate.
Happens more often than people would like to think.
to be completely honest with you, yeah I'd say its possible for sure.
Yes, it's possible. Very possible.
If I were you, make sure you network surreptitiously during your summer with resource managers/staffers for IBD groups your targeting, during ur summer; AND get a full-time offer with great reviews during your internship.
How easy/hard is it to network with people from other departments without word getting to yours? How about networking with people from other firms; say, if I was at an MM in NY over the summer and was meeting college alumni from from BBs for lunch/coffee during the day?
I thought u said ur at Goldman?
Also, I would only devote one hour max a week towards networking. If ur away from your desk alot, ppl will notice especially when ur an intern.
I would start networking after your mid-summer review, say 3-4weeks into ur internship when you have already made a solid impression.
I wouldn't spend more than one hour a week networking, because you don't want ppl to notice that your away from ur desk for too long.
As an intern at a BB, you will be have access to people and folks won't mind meeting you to chat.
You need to make sure you get an offer first before u even "network during the day" with your alumni contacts at other banks - your contacts will be more supportive once you got an offer at Goldman.
How will a commodities S&T SA look for IB full time recruiting? They have separate offices for s&t and ib so I won't be able to network that easily.
Why do u want to switch over to IBD so bad? Being a trader at GS is pretty venerable, almost as much as IBD.
If you're on the commodities side, are u part of FICC? If so, I thought they were in the same office. Anyways, I think transferring to a nat resources group would be feasible but you have to do some major convincing because IBD is more intense, and you don't want to come off as some one who doesn't know what they want.
I'm less familiar with S&T.
^ I think that guy is probably talking about S&T not at GS.
S&T SA to IBD FT? - Moving from a S&T SA position to a FT position at the same bank? (Originally Posted: 04/02/2011)
I have accepted an SA position in S&T at a top tier MM bank but am turned off by the lack of exit opps (especially if I turn out to not be very good at it). I know that an IB recruiter would be more likely to hire an IBD SA for a full time position, but even so, do you ever hear of a person moving from a S&T SA position to an IBD FT position at the same bank?
I did a quick search and found more threads about the opposite transition. Thanks!
You didn't search hard enough, there are a lot of threads on this... lol
Yes S&T SA to IBD at same bank happens, you should search more.
Im sure there are helpful threads, but I am having trouble finding any that are worthwhile...care to point me in the right direction?
Not a lot of transitions from these two groups.
S&T SA to IBD FT? - Expressing interest? (Originally Posted: 08/28/2011)
Hey all,
I've recently finished up a S&T summer analyst rotational program at a MM bank in NYC. We won't be finding out about offers for about another week or so, but I'm wondering how to convey the fact that I am interested in interviewing for a FT position in the IB division of the firm.
Should I mention my desire to interview with IBD in the conversation with whoever calls about my FT offer status or should I wait until later? Is there a best way to express this interest to whoever I talk to?
I realize you're new, but do you see how there's a "-0" at the end of this URL? That literally means that this exact same question has been asked WORD-FOR-WORD in the past.
Welcome to WSO! PLEASE use the search function next time.
http://www.wallstreetoasis.com/forums/st-sa-to-ibd-ft
I appreciate the reply but that thread doesn't really provide any useful information. I did a quick search before posting and found that most of the other threads had many of the same "do a search" responses as that thread. It would be much appreciated if you could provide a few links to some threads that can provide more insight - thanks for the help!
SA S&T to FT IBD Advice (Originally Posted: 08/27/2013)
I spent this past summer as a SA in S&T at a BB (GS/MS/JPM) in NYC, and realized about a week in that S&T wasn't a fit and neither was NYC. I now want to pursue MM/boutique IBD in Chicago/Minneapolis/Dallas/Denver/Atlanta for FT. I have two options; try to land a FT IBD gig through recruiting this fall, or go through SA IBD recruiting this spring and use that as my transition into IBD for FT. If I go through SA recruiting again, I'll be co-oping at a start-up in the spring, and then graduate in the fall (graduate in 4 1/2 years instead of 4.) What do you guys think is the best option? Thank you in advance for any help and advice.
Option 1 no brainier if you can do it.
Did you get an offer from your S&T internship?
No, wasn't an option (we both knew it didn't fit and talked about it.) That being said, a few MDs + program head will give me any recommendation I need internally and externally. I'm in the process for one of their regional offices but am realistic about my chances.
S&T SA to IB Full time? (Originally Posted: 03/21/2009)
I've been more interested in M&A, but due to the luck of the draw, I have an offer for S&T Summer Analyst position at a BB. Now I don't know if I'll hate the work but I'd prefer to work in IB, so how difficult is it to get a position (either transfer into, or interview for) in IBD for full time post graduation? Or will they question my interest because I worked in a different division during the summer?
And, is it easier coming from a sales desk, or trading desk?
use search this has been asked many times. its doable, but go into the summer with an open mind, you may love S&T. if not, have a good reason WHY you think IB is a better fit. Obv things are diff in this mkt but having a BB FO position sets you apart from most of your peers.
I'm sorry but this is complete BS. Give me your S&T offer if you don't want it. I'm sick of kids applying to positions they don't want or know anything about.....
Thanks, I guess, but I've tried search, can't seem to find relevant threads. And seriously, wegmans, if I didn't want it, I would turn it down. But I won't because I do want it, and I've paid my dues to get the offer. I also want to be President of the United States, but that doesn't mean I'm gonna give you my S&T offer because I want POTUS more.
http://www.wallstreetoasis.com/forums/st-sa-to-ib-ft
wasnt hard to find
Someone I will be working with this year interned last year in S&T but is now joining IB FT with me.
Though we both interned at different banks
S&T SA -> IBD FT? But not at current bank. (Originally Posted: 07/06/2014)
How common/difficult is this transition? When would be a good time to start contacting alums?
I probably wouldn't apply for IBD at the bank where I'm currently working (there are some niche S&T groups that fit my personality well) but am considering it elsewhere if I can't get a FT in one of those S&T groups.
I made this exact transition last year. I would start speaking with alumni/close contacts right away. Get the FT S&T offer as you'll be more marketable with one, even though it's not a deal breaker if you don't get it. Have a clear plan regarding how you'll prep/reach out to contacts/frame your story. A couple big points: prep for ib interviews now so you'll be ready regardless of when an interview would come along. Secondly, and this is an advantage, frame your story well for why IB over S&T/other finance. Having genuine reason for one over the other will come off well in interviews vs the kids who make up something off the cuff/are only going into IB because 1/3 of their class is.
Seen a lot of S&T SA -> IBD SA -> IBD FT (starting straight after SA or in Jan) at the same bank
Would you recommend any resources that are good for efficiently preparing for ibd interviews? My hours are currently very long for S&T so I don't have a huge amount of time unfortunately.
There are some S&T groups which would also be a great fit, and I'll get more information this week about whether I could get a FT in one of those, but the type of work in IBD suits my personality a lot better than flow sales/trading. I also have a decent idea of which groups in IBD interest me the most.
When would be the latest I should start contacting alums? As I said, I'd be happy with a few groups in S&T and I'll find out soon if I'm likely to end up there, so I don't really want to start contacting people about the switch if I decide to stay put.
Resume: Good S&T summary line for IBD FT Recruiting (Originally Posted: 07/20/2012)
Had an S&T SA job at a BB as a last summer, doing IBD SA this summer at a specialized boutique. Looking to make the jump from current firm to BB, Lazard, Evercore, etc. for FT.
I want to perfect my resume. Any suggestions for a good summary line for an S&T ESP SA internship?
google search
I want IB, should I apply to Trading JIC with reputable firm? (Originally Posted: 12/15/2010)
I ultimately want to land an IB job.
I've already applied to quite a few majors by the usual methods.
No offers yet.
There's a firm that's very reputable that I'd like to try. But no IB internship this season in my regions. There's S&T though.
Q1. Should I apply since an internship with them looks better than none?
I'm read up on IB but know only very basic trading (no current S&T industry knowledge apart from the obvious headline stuff).
I'm beginner level at handling my own stocks and have made personal transactions totaling about USD$10k atm.
I don't think I want to do S&T because I like handling my own investments and don't want to worry about conflicts of interest, disclosures and insider info at this moment.
Q2. What are two resources (apart from WSO guides) that I should definitely touch on to prep for interactions with the company if they buzz?
Thanks!
If you can get the internship of course do it. You can always spin it "Well I enjoyed my time in S&T, but it made me realize that I wanted to do IB more because blah blah blah."
Regardless of S&T or IB there will be conflicts of interest, disclosures, etc. because everything you handle is considered insider info.
yes to quote was erebus said... you realize working at any BB or the like youre going to be scrutinized and blackballed from owning any particular stocks in general for the most part right?
thanks guys. i realise this, i'm just generally more interested in IB and thought the chance of conflicts would arise more in S&T. job trumps hobby so i can live with conflicts. my moral compass is pretty solid anyway.
you folks got any resources you like?
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