This dude showed up on my Instagram page again today

Is this a scare tactic, or have banks really ended recruiting for 2022? I'm nowhere near the stage of applying to internships, but when I do, what is the right timeline?

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Sep 12, 2021 - 3:09am

Actually coming back and rereading with the context of you being a high schooler, I think I better understand what you're asking. I think you're asking generally when do banks recruit and are surprised 2022 is over? In that case, the first comment has given you your answer. 

  • Research Analyst in HF - Other
Sep 12, 2021 - 6:13am

This is quite amazing to see. Never gets old. Back in 2013…I got my junior year BB internship in Feb/March of 2013, so only 3-4 months in advance. Now it's an entire year smh. How do you guys even write your resume? You write what you're going to do your sophomore summer and what you expect to learn lol?

  • Analyst 1 in IB-M&A
Sep 12, 2021 - 8:13pm

Yeah, it's quite out of hand...I put "Mergers & Acquisitions (Fall 2019) as a way to demonstrate my interest and proactiveness in taking a class lmao. 

Sep 14, 2021 - 2:56pm

Its honestly out of hand and recruiting so early has little marginal benefit as far as getting talent goes. I don't understand it, recruiting should never be this far out. A few years ago it was the fall before and I thought that was early, now its over a year before? Insanity. 

  • Prospect in IB-M&A
Sep 12, 2021 - 12:48pm

yeah, im still trying to figure out when you start applying for internships, when the interviews are, when you should start networking, and the overall process of landing a SA role.

  • Analyst 1 in IB - Gen
Sep 12, 2021 - 12:44pm

I just don't understand how you can go from MS TMT, working w. the best, to doing this... Sleazy scare tactics to extort $7K out of high schooler's parents credit card.

  • Intern in IB - Gen
Sep 12, 2021 - 8:25pm

I've been wondering this for a long time, seems like there might be more to this guy's background that no one knows

  • Analyst 1 in S&T - Other
Sep 12, 2021 - 1:32pm

Most recruiting gets done by June/ July nowadays but you have to remember there is bank / campus relationships and spots are always reserved for traditional fall recruiting, not tons, but always some spots. Source: helped in recruiting at BB 

Most Helpful
  • Associate 3 in IB-M&A
Sep 12, 2021 - 2:43pm

Actually useful tips for someone in high school:

- If you are deciding between two schools that are otherwise equal to you and equal level of banking "target" school (I hate the rankings people do here, but some fairly highly ranked schools have surprisingly minimal IB recruiting), if one has a finance major go with that unless we're talking Harvard or similar as the other school. It's just so much easier to be ready for recruiting when you have already taken finance and accounting and don't have to teach yourself everything as an econ major would.

- Join clubs on campus, one or two should do it. Doesn't need to be the finance club, in fact I'd skip that and join something that plans medium to large campus events. Get a leadership position and actually help plan the events. Big help when you're making your resume and answering "tell me about a time when" questions.

- Keep your GPA up, this goes without saying - you don't really need a 4.0, 3.7+ is good. Take the easiest classes you can find to fill your schedule, banks will never ask to see what classes you are taking so don't take a hard one to impress anyone. Same thing goes for major/minor - CS or math minor is not a net boost if your GPA goes down. Stick to the one finance major and fill your time in other ways

- Early in freshman spring start looking for an internship. Doesn't need to and probably will not be IB. Wealth management at your local place is great. A tiny search fund of 8 people is great. Anything to do over the summer, even if it's part time, adds to your resume.

- Networking, I am not going to write a whole thing on this but you need to do it early in your sophomore year. 

- And finally, recruiting runs from Feb/March until August. Be ready to go in Feb and you should have a network at that point to tell you when their recruiting is happening.

  • Prospect in IB - Gen
Sep 14, 2021 - 3:12pm

Someone made a huge thread ranking tiers of schools for recruiting out of undergrad that was pretty accurate a few weeks ago, OP should give it a look if he's actually serious about it

Sep 22, 2021 - 4:31am

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  • Business School in IB - Gen
Sep 14, 2021 - 3:29pm

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