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What are the inputs in a TVM calculation? PV, FV, NPV, PMT? What is the best calculator to use for TVM? Thanks!
What are the inputs in a TVM calculation? PV, FV, NPV, PMT? What is the best calculator to use for TVM? Thanks!
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“... I believe it was the single biggest reason why I ended up with an offer...”
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:) !!!
stop shouting dude
Is this the type of people CS gives offers to?
Interested
And how hard is it to pull this off assuming you get return offer?
Interested as well. What if you rerecruited after 2021 SA Deutsche Bank?
if FIG PM me
I think it's too much detail you put here OP. It's extremely small community/industries, and if anyone at the CS group sees this, it wouldn't be hard to find out who you are and screw with return offer.
Seconded. I'm also pretty sure that the only group-specific offer given at CS is for FIG (correct me if wrong), and I'm guessing there are probably only a couple kids from NYU/Cornell/ND who got this offer
CS is not a lower tier BB. Express interest in being at a different group within CS if you don't like the group you're in. If your summer experience is not great, then doesn't hurt to try FT recruiting, but there's no point if you enjoy the group you're in.
Maintain your network across the street, and just wait until next year to make your decision.
Anyone able to give a decent answer on this? What is rerecruiting like for people in this position?
Did you sign? If not, ask people to accelerate, if you did, stick with it. Also, don't do this, it'll be pretty easy to figure out who you are. I'm a current 1st year about to be 2nd year at CS so just as an FYI people do check this site occasionally...
I am saying for next year I have a different position but I am curious about a similar situation and how difficult it would be to lateral to a different BB.
For full-time? Exceedingly hard. To be completely honest, I attempted the full-time recruiting process (in summer 2018, a much better environment than today) and even with a return, strong connections, and a target pedigree and some senior alum pulling for me I managed to get only a couple final round interviews and 0 offers. Next year? Who knows, but itll probably be no easier than when I did it and likely harder
Is it easier to lateral to a top BB after 1 year on the desk?
I would imagine so. Haven't explored the process; signed up with an UMM firm for after my two year stint (and did not come from Sponsors). Not sure why you would lateral to another BB though. Exit ops largely come down to an individual candidate's merits, and if you're looking for A2A the difference in the bulge brackets in terms of pay is very marginal (GS is lower). If you were trying to switch to an EB for higher pay and a different culture with an eye towards A2A that would make sense, and I've seen it done
Wouldnt an individual candidates merits come down to the firm they work. Especially coming from a non target? Sorry for another question but this has been very informative.
Yes and no. I'm speaking from personal experience, friend / co-worker experiences, and stories I've heard instead of hard data, but I don't think what I'm about to say is inaccurate.
How much does group and bank matter? I think the answer is somewhat less than what a lot of people on this site think and somewhat more than not at all. If you're at PJT RSSG, then you have a noticeable advantage in recruiting. Why? Because traditionally the group has had very strong candidates who self-selected into a group that they know has placed candidates at strong PE funds and HFs. So it becomes a self-selecting process. The best candidates will often go for the best groups for exit opportunities (if they are interested in that). That's partially why Centerview doesn't necessarily exit the best. Fantastic firm with a top-notch M&A practice, but many candidates who choose to go there often are interested in potential A2A promotions in the first place, and so not too many will choose to recruit. Additionally, at PJT in particular analysts are given on-cycle off (as in they don't work that week) to help them recruit. So it becomes a cycle of good candidates choosing to go to PJT and getting some company help in recruiting. HHs are cognizant of this and will always reach out to PJT RSSG analysts because of what I described above.
However, this does not mean that HHs don't have every incentive to talk to as many candidates as realistically possible. For one, most of the big HHs represent not just a few MFs and UMMs, but also a ton of MM firms that are very solid but not as well-known. Second, is that they understand not everyone at GS is interested in PE recruiting. In fact, I know several people at BBs and EBs who are more interested in A2A, VC, Corp Dev, or HFs (in particular, many intellectually strong people who are more risk-friendly are targeting exclusively HFs). There are also many candidates who will explore PE at first, but decide to recruit off-cycle or next year or just lose interest the further in the process they go. There are also duds -- HHs understand that even MS M&A could produce a candidate who is not a very strong one (whether It be because of poor social skills, or bad interviewing skills, or seems weak technically). HHs also understand that there are plenty of smart, motivated candidates coming from non-top tier groups who are interested in PE or HFs or whatever. Its not like CS or Barclays or Citi hires a bunch of dumbasses who couldn't get an offer at Evercore or JPM. They understand that many candidates now sign early with their firms, or maybe just liked the culture more, or were not particularly interested in an EB etc. There are plenty of smart people at CS and DB and BAML etc. who may be just as qualified, if not more, than someone at GS TMT.
In the end, it will be safer for a HH to contact and give interviews from people at the top 5-10 groups on WS. All else being equal, someone from Barclays will not place as well as someone from MS. But, this isn't reality, and almost everyone at a BB or EB will be given a chance to demonstrate that they are a capable and quality candidate for PE or HFs or VC or whatever someone is interested in pursuing. Its kind of like going to a target school -- its easier to get your foot in the door when recruiting for IB, but If you're able to make it to a super day the kid from Harvard is not going to get an offer over someone else from a non-target just because they went to Harvard -- your interview performance will matter infinitely more.
When recruiting for PE or HFs or whatever, be cognizant that your bank, group, school etc. will all matter, but in the end you will likely be given a shot at almost any fund from any BB or EB and some of top MMs. You might be at a disadvantage versus someone from GS TMT or MS M&A or PJT RSSG etc. but you will be given a chance to impress. I myself am going to an UMM which I believe a lot of ppl on WS would be delighted with, including kids from the top 5 or so groups in WS, from a coverage group and perhaps it was because I went to a target, or because I was exceedingly lucky, but I personally think its because my performance when interviewing.
Great to hear that you went to Notre Dame. Just a quick reminder about Manti Te'o, Clemson in 2018 and the whole 2016 season.
To your question, stick with what you have. You're at a good spot and there is no real need for you to recruit again (plus going through recruiting is annoying). I've had plenty of friends work at CS and all of them are doing well at a variety of funds now; you'll be fine there.
OP definitely goes to ND lol. Who pairs ND with Cornell & Stern????
Delete this man...
One of those is not like the others...
FT recruiting when you're doing your internship at a low BB or MM can be difficult. When I did it (back in summer 2017) I had a somewhat large network but due to timing issues (a few processes kicked off while I was still interning and I was more focused on getting a return offer because I would've been happy staying at the firm) I only ended up with one interview (and got the offer and ended up taking it). You probably won't get all the interviews at the top shops unless you have a solid network there (like how someone from GS, JP, or MS might get if they decide they want to switch to a different firm FT because they're in a group they don't like), but you probably will get a few opportunities to join "better" banks even if you're not that close with the people who work there (Evercore, PWP, Greenhill often interview summer interns from lower BBs for FT).
Note that things change with every recruiting cycle and I can't tell the future; that's the perspective I'd give if we were talking about the summer I went through this process (2017).
I dont see why not just give it a shot.
So, ND => FIG @ CS
with a 3.8
I actually know a Director in the group, would be a shame... (not actually gonna do anything, just showing how easy it is)
You fucked up OP, big time
I know OP, can confirm he goes to ND and FIG I believe lol...
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