2018 Summer Analyst IB Recruiting Timeline Megathread Page

See the 2018 Full-Time IB Recruiting Timeline Megathread Page here

EARLY RECRUITMENT PROCESS / APPLICATIONS / INTERVIEWS / SUPERDAYS

I want to establish a single place where all students can come come to share knowledge, questions, information, and concerns regarding investment banking summer analyst recruiting for summer 2018. US focused. Good luck to everyone.

Goldman Sachs

Morgan Stanley

J.P. Morgan

Bank of America ML

Citigroup

Barclays

Credit Suisse

Deutsche Bank

UBS

Wells Fargo Applications open:

Lazard

Lazard Middle Market

Jefferies

Centerview

Moelis

Greenhill

Perella Weinberg

Houlihan Lokey

PJT

Evercore

HSBC

Nomura

Sun Trust Robinson Humphrey

RBC

Raymond James

Piper Jaffray

Baird

Oppenheimer

Cowen

BMO Capital Markets

Tudor, Pickering, & Holt

Simmons & Co.

Qatalyst Partners.

Guggenheim

William Blair

RBS

Stifel Nicolaus

Societe Generale

Daiwa Capital Markets

Stephens, Inc.

Imperial Capital

Peter J. Solomon Company

Brown Brothers Harriman

Mizuho Securities

Comments (1424)

5y 
donny_ma, what's your opinion? Comment below:

In the mean time here is the 2017 Ranking from GO-BUYSIDE employee.

The Dream Team : 1: PJT, GS, Evercore, MS, Lazard, Moelis

Warriors: 2: JPM, Centerview, Greenhill, Perella Weinberg Partners2.5: CS, BAML________________________Mega fund cut line*________________

3: Barclays3.5: DB, Citi, Houlihan, Jefferies4: UBS, Roths of the world like Liontree 5: Wells Fargo, RBC,BMO________________________Don't even think about PE line_______

6: HSBC, Baird, KBW,Other no name boutiques, Regional bank IB like Key bank, Foreign banks with no deal flow like Mizuho/Nomura/SocGen

6y 
Monkey2678, what's your opinion? Comment below:

J.P. Morgan Applications open July 15th with a deadline of September 15th. BAML also September 15th deadline. Goldman apps open July 15th with November 10th deadline. Morgan Stanley opens first week of July. It seems all the BB's are on the same schedule

  • 21
6y 
BeautifullyConfused, what's your opinion? Comment below:

I know this isn't 100% on topic, but I was actually emailed the app by an analyst at JP for their AM summer positions yesterday (6/20). Does the IB application pool really open up later than other positions? I was under the assumption IB is always the most accelerated.

  • 2
6y 
BillBelichick37, what's your opinion? Comment below:

BAML- Accelerated IB done in august. Regular IB done in september.GS- Probably done in NovemberLazard- Same as BAMLLAZ MM- A little later than LAZ. Citi- Starts in august. EID have superday in July.

  • 3
6y 
hedge72, what's your opinion? Comment below:

Rookie Question. What is the difference between Lazard and LAZ MM?

6y 
BillBelichick37, what's your opinion? Comment below:

Lazard is the EB we all know of. Big deals and good deal flow.

Lazard MM is a middle market bank that is simply owned by Lazard.

  • 1
6y 
financeiswacc_0, what's your opinion? Comment below:

Another rookie question - if you aren't selected for accelerated interviews, are you still considered for regular IB?

  • 3
6y 
BillBelichick37, what's your opinion? Comment below:

I honestly have no clue but I would think (no offense) that someone isn't even considered for accelerated if they don't have a super strong connection or went to firm events. Still can get regular though. IMO Accelerated is easier and harder at the same time. More openings but also harder to get because you need to hound banks or go to their events.

6y 
hedge72, what's your opinion? Comment below:

Most banks don't have specific sophomore IB analyst positions but I know several people who got these positions, is this done by just applying through the junior pool and getting picked over juniors? As a sophomore should you just apply to sophomore and juniors programs and see what happens? I know some individuals get these spots through diversity programs or connections but I am referring to those that went through ordinary means.

  • 2
6y 
Anonymous Monkey, what's your opinion? Comment below:

Also want to know the answer to this question. I would like to know what is possible rising into a junior summer 2018.

6y 
legendarymonkey, what's your opinion? Comment below:

It's either diversity programs or some special sophomore early identification program (Jefferies in Houston has 3 sophomores for 3 weeks). Sophomores aren't getting hired for the normal SA program.

6y 
Binders, what's your opinion? Comment below:

Some banks will have sophomore-specific programs (very limited number of acceptances) - roles will effectively be the same as junior summer analysts except your reward is another summer internship next year rather than a full time role. There's also sophomores who could be graduating early (3 years) so they count for the junior summer analyst pool since it's based on graduation date.

6y 
momomoney, what's your opinion? Comment below:

Wow I actually know one of them. They also did their 2018 recruiting this last school year for sophomores at the time

 

 

6y 
Soxx, what's your opinion? Comment below:

Goldman just has a summer analyst position that sophomores and juniors apply to. BAML has a sophomore specific program. MS, DB, and CS have diversity sophomore positions.

  • 2
6y 
PRYS, what's your opinion? Comment below:

Are there any of these programs that are open to Juniors (those who will be Juniors after this summer)?

6y 
YNWALIVERPOOL, what's your opinion? Comment below:

Basically what they said above...let's try not to ask repetitive questions

  • 1
6y 
ChimpMaster, what's your opinion? Comment below:

I have already had my superday as well. If anyone is curious about how it went (hint: not so well), feel free to check my post. GS still has plenty of spots open for the standard application so don't fret one bit. Their applications have only started for diversity / non-target recruits.

6y 
allgoldeverything, what's your opinion? Comment below:

It has started but it isn't done - as said above, accelerated has been going on and still is, regular timeline will begin later in the summer

6y 
flamingdragon, what's your opinion? Comment below:

Goldman has given early interviews to rising juniors for their Summer 2018 Analyst program but I assume they'll still have openings come August/September.

  • 1
6y 
Goldmonkey Sachs, what's your opinion? Comment below:

Y'all gave this person shits... but funny enough, he/she's right. So silver banana for you bro.

6y 
YouDontKnowMe, what's your opinion? Comment below:

If it were done already, why exactly would they bother with the expensive process of re-opening applications on July 15th, flying in people for more superdays after the summer, taking up bankers' time to interview people when their class is already full, etc...?

6y 
Goldmonkey Sachs, what's your opinion? Comment below:

Well, I'd love to give out names of people, but that wouldn't be very smart, would it? But most insiders I have spoken to have said recruiting this year is particularly early and that it is almost done. If you don't believe it, just check banks' events portals... (virtually) no recruiting events left.

I'm not saying people won't get hired after the summer, but they are already having superdays and the main bulk of interns is gonna have an offer soon or they already have one. So yes, they will "open" applications to get in late talent, but spots will be very limited.

6y 
dklfjsdlkjfslkdjfds, what's your opinion? Comment below:

i can confirm that goldman has already given offers to some students for 2018 but i dont know if they are completely done

6y 
CreditMadrid, what's your opinion? Comment below:

Should I even bother applying as an incoming freshman in college? I will be finished with my freshman year by the time the internship begins.

  • 2
5y 
GuiltyVeek, what's your opinion? Comment below:

You're halfway if not in ending side of summer applications. Might wanna start applying asap.

5y 
DirtyDan, what's your opinion? Comment below:

Even if I am going into my sophomore year right now?

There can only be one Dirty Dan, the rest of you are Pin-head Larrys...

5y 
Monkey2678, what's your opinion? Comment below:

The time to start is now. Start networking now regardless and begin to apply now if you go to a non-target. If you have OCR you can wait to apply through that if you want.

  • 1
6y 
Matthieu-Cramers, what's your opinion? Comment below:

How difficult is it to get one of these internships as a European student (specifically from Belgium)? Do these banks usually have some kind of access to accommodation for the interns?

6y 
Sopuli, what's your opinion? Comment below:

London is your best bet, NYC is impossible due to work permits etc. Banks don't provide you accommodation but during summer time it's not that difficult to find some place to stay at (expensive though!). Try to look up some alumni from your school, if you study at any decent university then someone probably from your alma mater works in London banking.

  • 2
6y 
musman, what's your opinion? Comment below:

Anyone know when BAML's sophomore internship app opens for 2018 spots?

  • 1
6y 
Changyu-LI, what's your opinion? Comment below:

Fantastic! Subscribe this post!

6y 
scorpion123, what's your opinion? Comment below:

I had offers for IBD sophomore programs at GS, BAML, DB, and Citi, so those all exist. There are also sophs at Barclays, JPM, and MS. Soph applicants should apply by at least mid September, but the recruiting process for sophs mainly starts mid october/early november (at least it did for me). Sophomore superdays start end of november and continue into mid december. Offers by mid december. Also, there was a GS accelerated interview process that just happened, but don't think they filled all the spots. Only a few students from each school. Heard it wasn't too heavy on the technicals (honestly jealous given that the soph interviews even had technicals).

  • 4
6y 
newyorkermonkey, what's your opinion? Comment below:

How do you become a part of this GS accelerated interview process?

6y 
momomoney, what's your opinion? Comment below:

Rising sophomore at a target here - are the sophomore BB programs you're talking about (Barclays, JPM, MS) open to non diversity? If so when did you start networking with the banks

 

 

6y 
LePrestige, what's your opinion? Comment below:

These are only Diversity programs (women, black, hispanic,lgbt). I know of non diversity kids who have gotten in because their dads where MD's though..

6y 
jsoltr26, what's your opinion? Comment below:

How are spots already being filled if applications have not even opened yet? Are people just getting offered interviews through networking? Its hard to believe that banks would only operate in this way and not give the opportunity for students to apply themselves.

6y 
Shay., what's your opinion? Comment below:

I've heard of kids at my school being given superday offers without them even applying.

  • 1
6y 
rz192837465, what's your opinion? Comment below:

alumni came to campus and picked up resumes. Then you move straight to superday if selected. This already happened in the last two weeks

6y 
WARNY, what's your opinion? Comment below:

Hey guys, is it possible to apply for summer internships as a senior (graduating May 2018) who plans to do a 1 year MSF after graduation? How should I put that on my resume since I won't be accepted to any master yet this summer? I know it is common in the UK but not sure about the US. thanks

6y 
newyorkermonkey, what's your opinion? Comment below:

If you do a one-year Master's you can apply to the summer BA position at McKinsey and not the full-time position, as per the website. I assume it's the same most places? I don't know.

6y 
rz192837465, what's your opinion? Comment below:

Rolling, 8/1, 9/1 and one later. Apparently they HIGHLY recommend you apply by the 8/1 deadline though

6y 
Hamdesh, what's your opinion? Comment below:

Any idea of when the first screenings/first-rounds will be?

6y 
Monkey2678, what's your opinion? Comment below:

Would that be just for targets?

6y 
b4nk3r999, what's your opinion? Comment below:

Anyone know about timelines for SF/bay area?

6y 
Hamdesh, what's your opinion? Comment below:

If you can get that up to a 3.2, which is the cutoff for many BBs, you have a decent shot through diversity programs. There are other ways to get into better firms, with a sub 3.0 GPA. Look into diversity programs that can help you become trained for ibd jobs and eventually lateral your way to where you want to be. SEO Careers helps you prep so you're fully prepared, but recruiting will be an uphill battle.

  • 1
6y 
shredsmoke11, what's your opinion? Comment below:

does anyone know details about accelerated interview processes? just got an email from WFS about an accelerated process for the 2018 SA program, and I'm curious to know a little bit more about it

6y 
Goldmonkey Sachs, what's your opinion? Comment below:

Did you get an informational email or an actual invitation?

6y 
MusicCityBoer, what's your opinion? Comment below:

WF IBD/S&T opens August 25 (I assume any expedited apps are handled differently)

University of Chicago
6y 
koalalove, what's your opinion? Comment below:

So...how screwed am I if I haven't started networking yet? I didn't go to any of the on campus recruiting events in the spring.

Array
6y 
Ukulele, what's your opinion? Comment below:

So I'm an Asian male with a 3.42 GPA from semi-target and going to be a sophomore. Pledging fucked up my GPA, and I got a C in my first accounting course. Got a 3.9 first semester so I know I'm capable of bringing it back up pretty easily ( probably around 3.65 which I could probably round up to 3.7 ) but it won't improve until December. Is it even worth applying to these programs? Thinking about focusing on Corporate F500 internships for now and then trying again Junior year.

  • 1
  • 8
6y 
Goldmonkey Sachs, what's your opinion? Comment below:

You know how they always say "there are no stupid questions?"

Well. Congrats. This is it.

  • 6
6y 
Evan157, what's your opinion? Comment below:

I'm an applied math/econ double major, are some of these programs more quantitative than others?

  • 1
6y 
YNWALIVERPOOL, what's your opinion? Comment below:

I think the earlier the better. Spots are limited and get filled up of course as time passes by. Focus on applying to everything early and network hardcore.

6y 
okmijn22, what's your opinion? Comment below:

Is this just for IBD or also for positions such as S&T?

6y 
VixVYR, what's your opinion? Comment below:

Most BBs consider their S&T divisions to be part of their investment banking division - GCIB for BAML, CIB for JPM, etc. So S&T recruiting will happen at the same time as the IB positions in ECM, M&A, etc.

  • 1
6y 
ValueInvest, what's your opinion? Comment below:

Is anyone aware of possible superday dates if one applies to the first deadlines? I heard last year they have been in mid-August?

6y 
BigRedMonkey, what's your opinion? Comment below:

most resumes drops will be mid august and 1st rounds and supderdays in september. GS and a lot of EBs have accelerated process which open july 15.

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
6y 
Anonymous Monkey, what's your opinion? Comment below:

Does anyone know if, when networking, we should apply online before/after asking for our resumes to be pushed through? I have a few people at BB's I've done informational interviews with and I'm trying to figure out how soon I should start asking for favors. If anyone can offer any advice or insight I would appreciate it.

(transferring to semi-target where BB's recruit from mainly b school but take other kids too for SA)

  • 3
6y 
FrankerZ, what's your opinion? Comment below:

most have told me exactly when for each bank, also most of the time i haven't had to ask for favors, the topic come up organically. I think its slightly better this way because I know they want to help if they brought it up. Either way i would feel it out. If you feel a solid connection and an opportunity ask them when is best/what is the best way to secure an interview. Also I had one call where the vibe was weird so I asked to speak to someone in another group that i was also interested in, the other guy was great and I know he will help me in august/sept. In other words asking for the favor of just speaking to someone else within the bank might hold more value than asking for a resume push. idk, just my two cents. certainly not an expert.

6y 
FrankerZ, what's your opinion? Comment below:

If I have a really solid resume (work, gpa, and was on an olympic/national team) but my contacts at (GS,JPM,MS,WF,LAZ) told me to wait just a hair longer to being networking with their contacts, should I still apply online like rn? Also waiting to hear back for O4U diversity.

6y 
LePrestige, what's your opinion? Comment below:

Gen Pop apps aren't open yet so you can just apply right now (unless LAZ and WF are open idk). If your in the accelerated recruiting process then thats different. You have to wait until end of June early July for the gen apps to open.

6y 
FrankerZ, what's your opinion? Comment below:

Thanks! The guys at the banks are really keen on my timing of everything because it will be possible but hard coming from non target.

6y 
chimpy726, what's your opinion? Comment below:

Did you hear back for O4U?

6y 
markiv199, what's your opinion? Comment below:

Just wondering - how do you get accepted into accelerated recruitment? I'm a minority (Indian) but non-diversity so I didn't go to the diversity days. I got some emails from MS WFS JPM about their accelerated recruitment; I haven't networked heavily yet so is it best to apply regular timeline? Thanks

Array
6y 
koalalove, what's your opinion? Comment below:

This might seem like a stupid question, but if you have experience in a specific industry, is there a way you can get recruited for a specific desk/sector, even if the application title is just generic ("Investment Banking Summer Analyst 2018")? If so, how do you indicate that?

Array
  • 1
6y 
VixVYR, what's your opinion? Comment below:

Depending on how target your school is, most of the BBs have early superdays. Goldman has three superdays - one happened in late may (invitation only, no application), one will happen in July (open to select target schools), one in the fall for regular applicants. JPM has a July superday and then a september superday, BAML the same, Citi the same. MS not sure but think they follow roughly the same schedule

6y 
markiv199, what's your opinion? Comment below:

How do you get invited to the fall superdays?

Array
6y 
Nick0wnsz-., what's your opinion? Comment below:

I think the july super days are by invite only for select target schools. Any one not invited will have to wait to apply for the general super day in the fall or august.

6y 
newyorkermonkey, what's your opinion? Comment below:

I get that they are invite-only, but how do they get the contacts to reach out to people at targets? I go to a target but have no idea how to get on the accelerated super day process.

6y 
AlwaysUndecided, what's your opinion? Comment below:

You have to network with people from your school who summered at GS, guys that just graduated. Or, you have to know people at these banks that are part of your school's recruiting team. With such accelerated recruiting, the process isn't as simple as just waiting for a post on your career center website.

6y 
thefinancekid, what's your opinion? Comment below:

i'm going into freshman yr but damn SA recruiting starts so early!! Summer of Sophomore year seems to be the time...

6y 
Tam Wake, what's your opinion? Comment below:

for you it might be as soph yr ends LOL

  • 1
6y 
Goldmonkey Sachs, what's your opinion? Comment below:

I heard MS and GS have decided to start offering their 2030 insight programs to kindergartens.

  • 21
6y 
efree235, what's your opinion? Comment below:

This is spot on. Summer camp where 7 yr olds start training for IB.

https://www.wsj. com/articles/most-camps-have-smores-but-this-one-has-lessons-on-finance-and-trade-1499623828

6y 
gurdyandtheweyes, what's your opinion? Comment below:

I'm not sure what the timeline is for IB, but MS is having an accelerated superday for S&T in 2-3 weeks. I would imagine that there is something similar for IB. Can anyone confirm?

6y 
newyorkermonkey, what's your opinion? Comment below:

Would it be an obnoxious move to message an alumnus from my school who is a full-time IB Analyst at Goldman Sachs on LinkedIn? We met at a school recruiting event in early October 2016 and likely has no idea who I am.

But it's likely worth a shot to ask if I could be considered for the accelerated process, no?

6y 
AlwaysUndecided, what's your opinion? Comment below:

Why not just email him? If you know his first and last name, you can just shoot him an email at his GS address

6y 
Howard Hughes, what's your opinion? Comment below:

Yeah, just look up GS email format and write something along the lines of, "xxx, we met at our university's recruiting event and I'd love to catch up and hear more about your experiences."

6y 
OgStojie, what's your opinion? Comment below:

Not gonna lie you're clueless about how these things work, you don't ask to be included into the accelerated process. These things are invite only, you get invited if you've networked with the firm and are on their radar (either networking/target school strong candidate). I'd suggest you reach out to multiple alumni from your school, you're already kind of late for accelerated tbh, and go from there

6y 
newyorkermonkey, what's your opinion? Comment below:

Not necessarily. I attended a recruiting event/insight day and then the organizers followed up in the summer in early June asking if you would like to participate in the accelerated process. You had to email back with your revised resume and top division picks. It was Morgan Stanley

6y 
LonstedBrowry, what's your opinion? Comment below:

Moelis's application has been open for more than two weeks. I applied last week but still haven't heard anything.

  • 1
6y 
GuiltyVeek, what's your opinion? Comment below:

Cause I looked and it only said Class of 2019. I wonder if they start looking on July 5th or application hasn't opened yet.

6y 
Erich_Bachman31, what's your opinion? Comment below:

Likely an extremely stupid question, but is a cover letter usually recommended for all positions? Having always gone through career services/uni portal, usually only submitted resume.

6y 
Goldmonkey Sachs, what's your opinion? Comment below:

Always submit a cover letter. People need something to put their coffees on to not get their desks dirty...

But, really, always submit one. Analysts rarely get to read them, but HR actually cares about them.

  • 1
6y 
newyorkermonkey, what's your opinion? Comment below:

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6y 
MonkeyEh, what's your opinion? Comment below:

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Quaerat iure delectus vel qui ut dolor et. Repellendus aut et culpa laborum.

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6y 
nalgenewatergod, what's your opinion? Comment below:

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