Graduate program at an investment bank without internship
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Graduate program at an investment bank without internshipThis may have already been covered but i'll ask anyway.
The next year will be my final year of a Bsc and I was thinking of applying to the graduate analyst programmes at the investment banks. I was wondering whether there is any point putting the time and effort in with applications without a summer internship at an investment bank. My degree is in economics and maths and although I don't have a summer internship at a bank i do have one at an economics research institute. -
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Re: Graduate program at an investment bank without internshipI'm sure it will be worth applying. I believe I read on here before that 80% of vacancies go to past interns and 20% to other applicants, no idea how accurate those figures are, but it looks quite possible just a bit more difficult then the intern route.
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Re: Graduate program at an investment bank without internshipAnd also, lots of that 20% are people who interned at other banks and didn't get a grad offer.(Original post by Herr)
Not easy unless you have a super good network to rely on. Also many of that so called "20%" doesn't actually exist as it's just a show-tell only
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Re: Graduate program at an investment bank without internshipYour application will more likely get thrown out if you come from a non-top 5 university, than if you're from one, but without an internship at hand.
If i were you, i would certainly try. But you'll need an element of luck to get past the first screening process and to the interview stage. -
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Re: Graduate program at an investment bank without internshipYou might be better off trying to get an internship next summer and either doing a masters or be going travelling. The number of people who have graduated and are also on summer internships is remarkable tbh.
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Re: Graduate program at an investment bank without internshipCan't speak for front office, but I didn't do an internship (in a bank, at least) and just applied for the Technology graduate programmes and was accepted by a bulge bracket bank. Back office is the same in that most of the positions go to the summer interns, but it might be even harder to come in from the outside in front/middle office.
Last edited by Azimuth; 08-07-2012 at 08:34. -
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Re: Graduate program at an investment bank without internshipGetting into BO and Tech is easy enough without an relevant internship.
You might have a shot for economic/ficc research positions if its a good instiute and they happen to be looking for someone without a postgrad degree.
