HK SA position with GS. That would be a dream come true for me (I'm still in grade 10)! Could you tell me what were the major contributing factors to getting the internship (school, GPA, extra-curriculars, awards) if you don't mind... What were the interview(s) like?

 

10th grade?.........

Uh lol relax, have fun.

The most important component that you should concentrate on(and frankly the only one you have control over at this point) is to get into a target school.

I went to four superdays... I only consistently saw a handful of schools

hyp columbia chicago nyu stern wharton

 

I live in Canada and will most likely be attending university here (Richard Ivey School of Business or Queens or Schulich, yeah...you've probably never heard of them)...that's why I'm so intense about IB, being Canadian and attending even top Canadian universities is a major disadvantage in the uber-competitive world of finance. I have to be extra hardcore in order to succeed in the future. I doubt I'd be able to get into the Ivies, maybe Chicago or Stern if I go intense on studying for SATs and crank up the ECs to the max. American universities are so much more expensive, I could still probably afford it, but it'd be a hole in my wallet but the main concern would be getting in.

 
Best Response

I don't think it was one, but it was very low single digits.

GS/MS are notoriously hard to get FT offers at. S&T didnt hire from any of the SA's last year.

DB/UBS/CS over there hires 80% consistently from the IBD class, including last year.

But one caveat, they circulate your resumes so all of us will have plenty of opportunities to interview for multiple FT positions this summer.

 

maybe i was confusing number of offers at GS S&T with their IBD, but regardless -- circulating resumes or not, i don't know if "plenty of opportunities" is the right choice of words.

 

GS IBD hired 2 out of 11 last year, CS hired 7 out of 9 last year, I think UBS hire quite some ppl for ft out of their intern class...JPM 7 out of 14, MS has an intern class of 60 (incl. relationship hire), and offer around 20 for full time. Lehman (a.k.a. nomura now) took 11 out of 12..Citi i think half...i think DB last year hire a good percentage of their intern class into ft...so the chance is not too bad last year if u don't work at GS/MS...last year, most banks do not hire interns from other banks, i know that is at least true for GS,CS,JPM... u do get a lot of networking opportunities, but whether they are useful or not is the problem..

 

^^^ accurate. ubs hired 9 out of ~14 btw.

yeah i heard from my buddy that MS competition was brutal. he was a regular hire (went thru the interview process) and said that most of the 20 that got the FT offers were probably relationship hires. he said "probably" because MS does not tell you who is a relationship hire or not so you end up in losing competitions with relationship hires for FT jobs and obviously u'll lose out cuz their dad is golf buddy with the MD. at least at ubs they label relationship hires as "attachments" and they are never qualified for ft offers

 
SAmonkey:
hey dunston, what dept you in? im also gona be interning there but i havent received the housing information. did you ask them or did they email you?

I'm in IBD, don't know which group yet though. Have you heard back regarding team allocations? As for housing, I called HR up to ask where we would be put up - I was getting anxious to find out. They said they would send out full details to everyone in the coming weeks.

@ bigbarney - I was talking to some FT'ers at Citi and they said that it would be biz pro. Apparently biz casual is being phased out.

 

Sunt ex hic minima accusamus. Deleniti accusantium asperiores sint eos nesciunt.

Est suscipit quam incidunt minus aut et nisi. Incidunt tenetur laboriosam magnam nihil et quos. In numquam officiis harum sunt praesentium aut. Ea fugiat vero consequatur laborum sapiente iusto omnis. Nesciunt quaerat sapiente voluptatem sed soluta in omnis. Quidem laboriosam dolor vel ut. Sed culpa nisi libero dolor at sunt iste quo.

Quae deserunt nulla esse minima suscipit quis. Natus aut a qui quod illum ducimus omnis explicabo. Repellendus sint deserunt aut sunt. Culpa eum aliquam voluptatem veritatis quam doloremque cupiditate qui. Corporis aperiam vitae et dolore aut voluptatum. Et voluptas sunt eum harum.

Rerum dignissimos non error sunt a nulla labore. Et eum nostrum non quia voluptatem commodi recusandae dolor. Accusantium rem autem nobis voluptatem. Odio sed est in omnis id.

 

Repellat et quaerat voluptates dolores alias ad soluta. Quibusdam harum culpa sequi repellat adipisci labore porro. Aut et aut error reprehenderit numquam qui similique. Tempora modi illum dignissimos voluptatibus ut ea. Sit in reiciendis enim.

Nihil fuga eos nihil numquam sapiente omnis et. Commodi quo sequi ipsum.

Qui voluptatum saepe at omnis quo. Hic quas eos ut iste facilis veniam fugiat. Voluptatem explicabo et quas cupiditate. Temporibus iusto qui aliquam est non numquam ipsam est.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
kanon's picture
kanon
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”