I got a FT offer for a top group at MS / JPM but for various reasons, I could never see myself starting in that group. My intention is to recruit for FT at other BBs / EBs but I’m not sure how to best leverage the offer.
Should I actively network with other banks and hope to get fast-tracked or is the only way to just apply online and go through the regular process?
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Try networking and see, but tough market for FT recruiting. If you have a good offer then I’d go with it. You can always switch after a year if you really want
Yeah I second this. It’ll be very tough to find a FT offer elsewhere. Know of some banks that aren’t even looking at hiring FT outside of through the internship
The talent pool is so large, no one is actually going to care that you have another offer.
Do you think so? I would assume that someone with an offer from a top group at a top bank is more attractive than someone who didn’t get an offer from their previous internship or hasn’t conducted a prior internship at all. Given how similar the work is across banks, I would have thought that my offer would act as a stamp of approval with regard to my fit for the role.
What kind of world are you living at? In this market, there are people with more than 1 year+ internship looking for FT jobs, there is never a shortage of talent in banking. Likewise, no one cares if you are coming from GS TMT and applying to for instance BofA, you are not a dealmaker, you are an intern.
In my opinion, it would not work "as a stamp of approval". It would be more like a red flag, like why would someone want to dilute his / her CV and go to another bank if the person is at a "top team at MS / JPM". It would make me think you didn't fit the team or something is wrong.
It works if you have a strong connection at that group and they have openings from interns not accepting full time/going buyside/other. Might be a bit challenging though due to competitive pool of unemployed analysts with IB full time experience.
Thanks for the input and good point about fired analysts. What is the market view on fired analysts? Do firms think that they are a no-go since the fired ones most likely are the worst-performing or do they see people with valuable experience?
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