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?

Comments (67)

Feb 25, 2009

FT hiring is going to be even tougher, so just try to land a S&T FT offer.

Feb 25, 2009

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.

Feb 25, 2009

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?

Feb 25, 2009

I thought it was harder to get into S&T this year because there aren't many positions to begin with.

Feb 25, 2009

I'm sure it is as well. It was more of a hypothetical question, since I'm also applying to S&T now.

Feb 25, 2009

I thought it was harder to get into S&T this year because there aren't many positions to begin with.

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.

Feb 25, 2009
humblethyself][quote:

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?

Feb 25, 2009

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.

Feb 25, 2009

haha, humblethyself has been on FIRE lately. Some pretty funny posts. Thanks for the entertainment, keep it up!

Feb 26, 2009

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.

Feb 26, 2009

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

Feb 26, 2009

Can anyone else shed some light on my proposed plan?

Feb 26, 2009

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

Feb 27, 2009

Thanks. Yeah, its pretty tough out there.

Feb 27, 2009

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

Feb 27, 2009

Just talk to a few guys at your desk...

Feb 27, 2009

thanks, but should I email them?

Feb 27, 2009

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.

Feb 27, 2009

Thanks for the imput! Really appreciate it!

Feb 27, 2009

"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.

Feb 27, 2009

Thank you guys! That's very informative and helpful!

Feb 27, 2009

Anything is possible mate.

Feb 27, 2009

Happens more often than people would like to think.

Banking.

Feb 27, 2009

to be completely honest with you, yeah I'd say its possible for sure.

Feb 27, 2009

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.

Feb 27, 2009
ibanker12:

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?

Feb 27, 2009

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.

Feb 27, 2009

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.

Feb 27, 2009

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.

Feb 27, 2009

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.

Feb 27, 2009

^ I think that guy is probably talking about S&T not at GS.

Feb 27, 2009

You didn't search hard enough, there are a lot of threads on this... lol

Feb 27, 2009

Yes S&T SA to IBD at same bank happens, you should search more.

Feb 27, 2009

Im sure there are helpful threads, but I am having trouble finding any that are worthwhile...care to point me in the right direction?

Feb 27, 2009

Not a lot of transitions from these two groups.

Feb 27, 2009

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

"Millionaires don't use astrology, billionaires do"

Feb 27, 2009
Nouveau Richie:

Welcome to WSO! PLEASE use the search function next time.

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!

Feb 27, 2009

Option 1 no brainier if you can do it.

Feb 27, 2009

Did you get an offer from your S&T internship?

Feb 27, 2009

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.

Feb 27, 2009

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.

Feb 27, 2009

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.....

Feb 27, 2009

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.

Feb 27, 2009
Feb 27, 2009

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

Feb 27, 2009

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.

Feb 27, 2009

Seen a lot of S&T SA -> IBD SA -> IBD FT (starting straight after SA or in Jan) at the same bank

"Every man should lose a battle in his youth, so he does not lose a war when he is old"

Feb 27, 2009

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.

Feb 27, 2009

google search

Feb 27, 2009

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.

Feb 27, 2009

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?

Feb 27, 2009

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?

Feb 27, 2009
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Feb 27, 2009
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