Which banks have rotational S&T SA/FT?
Looking to compile of list of banks that offer rotations vs. assign you to a specific desk for the entirety of the summer
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JPM is the only SA that does 1 rotation and Citi is the only FT program that rotates every analyst
This is not true.
Almost every bank will have you rotate, some for different time periods. Most SA will be 2-4 rotations throughout the 10 weeks depending on the bank and most FT will be a few months worth of rotations (3-4 weeks per desk for 3-4 rotations as you start). Citi is a notable exception where FT does 2 rotations, each 1 year, when you begin FT. Personally a fan of the former because then you start FT on the desk sooner vs later and are able to see more, but it’s 99% of the time a matchmaking process that you have to network etc for.
DB rotates
MS (at least in HK) splits interns into IED (cash equities, d1, derivs, etc) and FICC (rates, credit, commodities, etc) and then rotate them onto 3 (I think) desks within each group.
Macquarie rotates their interns on 3 different desks for the summer, and for full-time, they generally keep you rotating every 3 or 4 months from half a year a whole year.
This applies to S&T only. Citi indeed has a great rotational program, both as a Summer analyst and a full time analyst. JPM in London has a particular structure that allows Summer analyst to choose a second rotation if they perform enough on their first rotation (otherwise, they need to stay on their initial desk). Goldman Sachs involves a very exhausting rotational program for interns, who can expect to rotate over 5 to 6 desks. However, they do not propose any graduate program, meaning that if you receive any offer, it will be directly from a desk you rotated on, and thus you'll get started directly. I do not know about MS.
I know for sure that TD Securities and BofA have rotational programs. TD Securities, when you start full time, you also rotate once again to see where you will end up on.
As for BofA, you have 3 rotations in 10 weeks (1 week of training, 3 weeks each desk). Then if a desk likes you enough and they have available headcount, they extend you an offer and you start full time with them next year.
as far as I know, JPM normally does 2 rotations for SA. This time though was only 1 desk due to shortened length of internship
Nope junior SA has always been one rotation
maybe it depends on the region/dept, im speaking of apac S&T
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