英国《金融时报》SA后招聘的建议
I'll be interning this summer at aBB/EBin a group that I don't like that much but has high return rates. Does anyone have advice on how to recruit forFTpositions at other firms after completing asummer analyststint? Also, since there's high deal flow and a bunch of analysts have been quitting plus this Goldman fiasco, will there be more opportunities this summer than you typically might see? I'm just confused on how exactly I should approach this process while being anSAso would love some advice from people who've successfully switched firms forFT. Thanks!
Comments (35)
Bump in the same boat
Similar situation, bump
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Bump, also interested
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Following.
When doesFTrecruiting usually start and end? Have heard Aug/Sept
I'd recommend focusing on making absolutely sure you secure the return offer first
yea 100% that's the plan, but I obviously can't start networking within the 2-3 weeks of the expiring offer deadline right
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Do a lot of banks open upFTspots for the following year in the middle of the summer? I'd never heard of something like this happening. Why wouldEBsrecruit for full-time before they even have a headcount for returning SAs? Not questioning that it happened, just very surprised. For theFTrole he ended up getting, was it in anEBin NY? Or was it a regional office? Impressive nonetheless just interested to see if this is common for larger banks to do or more of a regional small group thing.
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bump- same sit here
You have to recruit during theSAwhich can be quite difficult. Make sure to prioritise the return offer, and in any spare time, try recruiting for other roles.
Also, don't discount the possibility to move groups after accepting an offer. There's a high level of attrition before starting so some spots may open up.
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Anyone know when applications start to open up? For context, I'd want to stick to tier 2 cities in the southeast (CLT, ATL, Miami...).
following
之后,我只是试图了解网络working before the job posting opens up can help you so much. I mean I get how it could increase your chances of getting connected instantly when the job posting opens up, but other than that, if the group of the person you networked with doesn't have anyFTpositions open, wouldn't networking be inefficient? I am currently trying to prepareFT, but I feel like each bank has a very different process and networking mindlessly won't necessarily open up doors. Would appreciate any inputs/thoughts!
How do we check when job postings "open up?" Do we use LinkedIn or something?
(for reference: I'm anSA, just put my tag incorrectly)
following
Following
SAlast summer at a topMM, wanted to go to a topEB/BBforFTbut ended up back at myMM. here's how it went down. Last summer was Covid times so not sure how much that changed things.
I started networking around June with contacts at a few banks, just floated around questions about theFTprocess there.
Once mySAstarted, I probably spent 95% of my time on that. If you fail to get a return your chances are probably fucked, so I made sure to guarantee this before worrying about "upgrading".
I ended up getting a return around the beginning of august and went full time into recruiting. I had around a month to accept my offer (until early September).
I networked hard at 4-5 shops. Having a short list here is essential- how many banks would i actually take over my current? Networking anywhere else is a waste and will end up spreading you so thin that nothing works out. Also just want to note that I really liked my bank and team, so I wasn't desperate to get out and felt like I could be selective. Basically only motivation for re-recruiting was that I'm a prestige whore.
Of the 5 shops I heavily networked in, I had a few people say they'd put me in the process (where I felt my networking was the most successful, unsurprisingly). At all of these banks, I was eventually referred to HR. In every case, HR just told me they were full. Not sure if these banks were actually full or if HR just sucks, but every time I was sent to HR, I hit a wall. Not sure what the solution was here, but basically the banker would send my name to hr and they would say there's no seats. This may have been a Covid issue though- higher than usual return rates due to virtual internships.
The one bank I went deep in the process for was at a topBBin a top group that I actually randomly saw a posting for on LinkedIn. I'd networked at the bank but in a different group, submitted my resume online for the other group, got a first round andeventually a super day. Because the banking gods hate me, my super day was scheduled for a day after my offer expired, the bank wouldn't accelerate me, and I didn't want to risk burning a bridge at mySAbank by asking for an extension on the offer (I'd already had a month) so I withdrew from the process. About a month later, a contact from a different bank i networked at reached out that they now had a seat and asked if I wanted to interview, and then in December yet another bank did the same thing. Because I'd already accepted my return offer, I turned both down.
As a side note, I also landed two jobs- one at a solid GE firm and one at aMMPEshop- just because I was shotgunning out my resume on my handshake. Turned down both because I wanted banking experience. I almost was able to pull off bridging one of these offers so I still had one offer between turning down my return and the super day I wanted, but I didn't want to risk ending up at aMMPEfirm I wasn't super excited about (and the timeline ended up not working out).
So what's the lesson here? I guess it's that if you're a pussy like me and you are scared to renege and don't have theballs to turn down an offerwithout another in hand, recruiting forFTis incredibly hard just because the timeline. I do believe if I'd turned down my return, something would've worked out, but I just couldn't justify the stress and the risk/reward. Feel free to ask any questions about my process
how would being willing to renege on your end changed things? Im in a similar situation
If I'd been willing to renege I could've gone through the one super day + at least two other processes during the year. Not sure if it would've changed the outcome, but at least had a few more shots.
I heard from acontact at Barclaysthey were looking for new analysts as late as April of this year (for a standard July start). I assume most of their pipeline had already accepted offers and weren't interested because I wasn't even that close with this contact and it sounded like they were pretty desperate to fill the opening. Just shows how, if you're willing to renege and keep your eyes open, there's definitely a good chance that a seat opens at some point over the course of the year
If I'd been willing to renege I could've gone through the one super day + at least two other processes during the year. Not sure if it would've changed the outcome, but at least had a few more shots.
I heard from a contact at Barclays they were looking for new analysts as late as April of this year (for a standard July start). I assume most of their pipeline had already accepted offers and weren't interested because I wasn't even that close with this contact and it sounded like they were pretty desperate to fill the opening. Just shows how, if you're willing to renege and keep your eyes open, there's definitely a good chance that a seat opens at some point over the course of the year
Thanks for this super detailed breakdown!
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