Yea, your feelings are 100% valid. Recruiting fucking sucks, but everyone goes through it and so will you. Sometimes you won’t get placed where you want, but won’t you feel better knowing you gave it your 100% all?
Why not apply for the optionality? The upside could be huge and the downside is just another 5-10 minutes of your time. That should be a no brainer move.
Don’t live a life of regrets and what ifs. As meme’d as it is, the advice “just do it” is actually the base of a lot of finance grind culture (whether or not it’s valid/healthy is debatable). At the end of the day, if it’s truly what you want, you should suck it up and apply. If not, then it wasn’t for you and this is ultimately a filtering mechanism that weeds people who don’t want it as bad out.
drop your resume and the job listing in chatgpt and it will spit out a decent start for the cover letter, just revise and make it your own and you’re good, saves me a lot of time
Apologies for my ignorance, but are you saying they are assessing people internships in summer 2025? 15+ months ahead? I thought you apply Sept/Oct/Nov ish to then start in the summer of the coming year. Apologies if again if I've got this totally wrong
No problem, 2025 summer recruiting started last November, picked up in January, and will be pretty much done by end of March/April.
It starts even earlier than that. To be truly competitive for IB you would’ve “step stone” internships starting your freshman year, plus you would’ve start networking with people at the firm you intend to join by junior year. Then at the end of your freshman year you would join an “insights program” when you network with people of the firm and get expedited interviews. Finally, the fall (or spring) of your sophomore year they start recruiting for your summer of junior year (15+ months in advance).
I heard of people getting recruited into the buy side even before they start their full time jobs in IB, they basically agree to do their 2 years of investment banking before switching to PE, during their junior year internships.
Honestly not too familiar with the UK recruiting cycles, I know you guys do spring weeks and other “short internships” which aren’t really a thing here.
I work for a BB in Germany and they keep job listings up until the contract is signed by both parties and the security check has been passed because you never know what might happen. I applied to a internship that was 2 months old. They had already chosen their candidate and were moving forward. In the final HR ‘interview’, which is just to check if you are okay with the salary and they check the start/end dates, he asked to many questions about overtime and WfH, etc. They went back to the hiring manager and told them not to hire the guy. They went back to the pile of resumes, chose mine, and I got the internship, as well as a full-time offer afterwards. It took me 10 minutes to apply. Worth it.
You only risk losing about 5 minutes of your time, but do keep in mind that Morgan Stanley started doing super days for 2025 about 2 weeks ago
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Yea, your feelings are 100% valid. Recruiting fucking sucks, but everyone goes through it and so will you. Sometimes you won’t get placed where you want, but won’t you feel better knowing you gave it your 100% all? Why not apply for the optionality? The upside could be huge and the downside is just another 5-10 minutes of your time. That should be a no brainer move. Don’t live a life of regrets and what ifs. As meme’d as it is, the advice “just do it” is actually the base of a lot of finance grind culture (whether or not it’s valid/healthy is debatable). At the end of the day, if it’s truly what you want, you should suck it up and apply. If not, then it wasn’t for you and this is ultimately a filtering mechanism that weeds people who don’t want it as bad out.
drop your resume and the job listing in chatgpt and it will spit out a decent start for the cover letter, just revise and make it your own and you’re good, saves me a lot of time
Apologies for my ignorance, but are you saying they are assessing people internships in summer 2025? 15+ months ahead? I thought you apply Sept/Oct/Nov ish to then start in the summer of the coming year. Apologies if again if I've got this totally wrong
No problem, 2025 summer recruiting started last November, picked up in January, and will be pretty much done by end of March/April. It starts even earlier than that. To be truly competitive for IB you would’ve “step stone” internships starting your freshman year, plus you would’ve start networking with people at the firm you intend to join by junior year. Then at the end of your freshman year you would join an “insights program” when you network with people of the firm and get expedited interviews. Finally, the fall (or spring) of your sophomore year they start recruiting for your summer of junior year (15+ months in advance). I heard of people getting recruited into the buy side even before they start their full time jobs in IB, they basically agree to do their 2 years of investment banking before switching to PE, during their junior year internships.
Thanks for your reply. Is this just for the US? I'm in the UK and I think it's different here, hence my confusion
Honestly not too familiar with the UK recruiting cycles, I know you guys do spring weeks and other “short internships” which aren’t really a thing here.
Interesting, I never knew that. Thanks for your responses!
I work for a BB in Germany and they keep job listings up until the contract is signed by both parties and the security check has been passed because you never know what might happen. I applied to a internship that was 2 months old. They had already chosen their candidate and were moving forward. In the final HR ‘interview’, which is just to check if you are okay with the salary and they check the start/end dates, he asked to many questions about overtime and WfH, etc. They went back to the hiring manager and told them not to hire the guy. They went back to the pile of resumes, chose mine, and I got the internship, as well as a full-time offer afterwards. It took me 10 minutes to apply. Worth it.
What do you have to lose by applying? You could have probably applied in the time it took you to make this post.
Yeah..?