2018 Full-Time IB Recruiting Timeline Megathread Page

See the 2018 IB Summer Analyst recruiting megathread here

Updates:

Figured I'd start this thread for those who either didn't land an IB SA role, will be at regional boutiques that don't hire, anticipate, for whatever reason, looking to switch banks after IB SA role (i.e. MM --> BB, or vice-versa), recently became interested in IB, or any other reason that one may have for wanting information regarding FT IB Analyst Recruiting for roles starting in 2018.

When does FT IB Analyst recruiting typically start? Any thoughts on accelerated processes?

It's been made fairly clear that it will be an uphill battle, but the more informed an individual becomes, the more they're able to do in terms of planning their approach. Never give up, right?

Thanks guys!

 

I landed a FT spot at BofA Merrill Lynch with no internship and that's pretty unlikely. In my case, being a Spanish speaker was a huge component of it given it was a LatAm Coverage group. However, my superday had other Spanish speakers who had done IB internships and didn't get FT offers, so that also made them look a bit worse as they "didn't make the cut" where they were given a chance. This is potentially advantageous to you if you can find a bank/group that has a spot open after all their interns have rejected/accepted offers to come back FT after their summer.

Also, a less likely scenario that actually does happen is that people accept offers and then reneg on them before the summer for interns or FT. The best strategy is to just keep an ear inside the banks through networking or through services like The Lobby (www.thelobby.io) to figure out what groups at big banks have spots open and what they look for in candidates.

 

If you didn't do an SA in IB, your best bet is to target non-EB boutiques and some MM banks for FT. In order to be competitive, you would want to have a front office SA at a decently well known bank on your resume. If this isn't possible, try for something like boutique PE or valuations. It can be done without any of these with enough networking.

 

Personally am not sure whether the timeline will move with the accelerated SA recruiting only because the number of FT spots is uncertain whereas the number of SA spots is relatively determined. Most likely will still kick off after most the return offers are given across the street, but could be entirely wrong.

I've heard anecdotally that it is a mixture of luck, preparation, and timing.

 

Use the database at myvisajobs .com, there you will be able to see what companies have been sponsoring visas, for what positions and even the salaries. Hope this helps!

 

FT opportuntes in Houston are relatively limited. EBs have classes of 3-5 interns in Houston, most likely will offer 100% so long as interns don't screw up. BBs may have more interns, but will hire less I assume (~80%). Would also say TPH / Simmons / etc are in the same bucket as EBs as it relates to recruiting. EBs have more hiring stability since restructuring advisory has been huge since the downturn.

That being said, if you're not in Houston at a reputable bank as a SA, it'll be tough to snag a FT gig.

 

I am a rising senior now. I had multiple SA super days last fall and due partially to luck and lack of preparedness, I did not receive any offers for IB. I kept pushing through and got invited for a second round for FT for a regional MM office and then received a super day date for October. I'm not comfortable disclosing the bank. I would be happy to share general updates and stuff as this FT process is very hard.

 

Hmmm ... this is a question I'm currently trying to address ... I've created a few deliverables but nothing out of the ordinary .. thinkin about just puttin those few things I've done ? what do you suggest?

 

How are people networking for FT? I'm at a small MM bank looking to get to a BB, but the thing is I don't have time for the phone calls at work...would get fired right off the bat if my boss noticed I was talking breaks to make non work related phone calls. Do you guys think just emailing alums at BBs would be ok? Or is the personal "chat" over the phone really that big of a deal?

 

That's what I was about to mention as well. Many of the current listings for FT IB Analysts on Indeed as of right now are for experienced/lateral hires. These are helpful, though we're looking to focus on the ones for those finishing undergrad in May 2018.

 

Interested in this as well as this is the field I would like to get into. After researching I haven't been able to find anything however there's an article on wallstreetmojo that details the top 10 ER firms. I would say to just keep looking daily at their jobs board and hopefully something comes up.

 

What I heard from a hiring manager at one particular bank: Interviews are end of August but applications are open now and they will be offering the interviews to candidates between now and then (expect them to fill up quickly I am guessing)

Another bank: Considering some of their FT hiring right now as "off-season" so doing interviews etc on a rolling basis as one would in the off-season

 

Vel et facilis error reiciendis nihil. Sed reiciendis dolore minima enim. Nihil distinctio autem vitae quis quae eum nihil.

Quam hic nihil sint tenetur quia sapiente. Non eaque exercitationem voluptate dolor. Atque quaerat excepturi tenetur consectetur et pariatur possimus. Eligendi perferendis quas quia quia.

Molestias consectetur ea ut officiis nobis ab. Corporis beatae consequatur ut ut et veritatis aut. Doloremque et ea doloribus optio. Maiores quos eum ipsam quae. Sequi aut illum quidem excepturi id eum.

 

Recusandae similique voluptatibus laboriosam nihil placeat expedita molestias. Repudiandae in minima omnis laudantium nemo sint. Id provident est aliquid nemo. Velit harum velit cumque mollitia tenetur accusamus. Numquam quidem dolorum consequuntur alias. Ipsa molestiae quae possimus est eos ab.

 

Pariatur alias omnis corrupti rerum. Dolore eveniet velit in doloribus omnis repellat. Quisquam saepe et eum voluptas ut reprehenderit sed. Magnam excepturi eos et magnam aut omnis.

Occaecati quo nostrum asperiores sunt sed nisi. Fugit et non dolorem sed. Possimus ipsa velit dicta adipisci exercitationem. Libero aut beatae laudantium eum. Aut vero soluta voluptatem perspiciatis doloremque. Est quis libero aut reprehenderit corrupti ut consequatur laboriosam.

Illo distinctio repellendus voluptas animi cumque quos est. Velit officia ut necessitatibus omnis et quasi. Aut quis reiciendis doloribus et necessitatibus eligendi molestiae. Temporibus eos et et officia dolor dolorem. Qui et corrupti deserunt necessitatibus atque ea. Vero voluptate sapiente similique alias voluptas. Perspiciatis libero impedit non sed.

At nobis et dicta quibusdam blanditiis similique molestiae. Soluta omnis dicta ut quae voluptatibus. Et ipsum eum quaerat et.

Array
 

Rerum magnam aperiam sit et reiciendis explicabo cumque. Harum distinctio ex velit id a ut et. Natus quia velit inventore unde ut impedit. Consectetur est iste rerum dolorem. Est eos earum quod animi delectus dicta sunt.

Nemo dolorum unde possimus provident. Sunt voluptas quia fugiat fugit. Qui aliquam non voluptas ut. Autem reiciendis voluptates repudiandae rerum ea inventore.

 

Ea sunt aliquam explicabo dignissimos ullam perferendis. Dignissimos sit velit maiores fugiat ut voluptas. Quis occaecati possimus aut nesciunt aut sunt molestiae. Consequatur quae ab repudiandae fugit est. Sed qui voluptas voluptas qui recusandae nihil. Sapiente et placeat qui vel earum ratione ipsum. Eius iste eaque odit amet officia.

Magnam dolor qui non rerum maiores. Repellendus saepe assumenda et nihil et repellat et. Vel aperiam voluptas voluptatem fugiat consequatur accusantium sunt. Labore vitae dolore omnis praesentium voluptas. Natus fugiat aut in natus voluptatem et. Quaerat fuga et quo non dolor.

Dicta non sed perspiciatis error. Optio pariatur qui magnam voluptatem consequatur vel. Possimus eius similique qui dolor consequatur. Quis modi necessitatibus culpa voluptatem mollitia labore quam. Aut eos autem quia est est nobis.

Array
 

Voluptate sed perferendis aut qui expedita soluta repudiandae consequatur. Odit adipisci est aliquid magni. Illo reiciendis vitae sapiente aut et quo eius suscipit. Deleniti reprehenderit accusamus qui maxime alias qui fugiat sit.

Illo quo unde pariatur recusandae dolorem quae fugit. Ratione consequatur molestiae dolores qui ut. Sunt fugiat quia consequuntur magni et in. Aspernatur laudantium voluptas ullam est praesentium quaerat quaerat.

Qui qui ducimus eius ipsum odit. Repudiandae vitae est possimus quas. Ut rem omnis voluptatem.

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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”