***Official Investment Banking Spring Week 2015 Thread***

Original post by MaGeehkaal

Yeah, March 30th- April 2nd

Ooo, if I can't land MS.. this may be a promising gig.

Given I even get invited to interviews :frown:

Reply 2981

MaGeehkaal

9

Original post by Anonynous

Ooo, if I can't land MS.. this may be a promising gig.

Given I even get invited to interviews :frown:

BNPP are way less competitive than MS, you've done a good job to get to the interview stage so i doubt BNPP will give you a hard time :smile:

Reply 2982

Original post by MaGeehkaal

BNPP are way less competitive than MS, you've done a good job to get to the interview stage so i doubt BNPP will give you a hard time :smile:

It's all a huge numbers game. Probability theory.

Reply 2983

MaGeehkaal

9

Original post by Anonynous

It's all a huge numbers game. Probability theory.

elaborate please haha

Reply 2984

Original post by MaGeehkaal

elaborate please haha

X number of candidates apply. X*75% are probably candidates with a good profile (meet the requirements/go to decent university).

Suppose X is on the lower end 5000-6000, those with a decent shot 3750 (per bank~). Now assume each bank takes 60 people that's a 1:62.5 ratio. Even if the figures aren't correct, it gives a decent analogy of what I'm trying to connote.

You can have a solid profile but regardless the numbers are swayed heavily against you.

I mean there's obviously the outstanding candidate who will get 3-4+ Spring Week offers but in its entirety it's pretty difficult to seperate first year students with little to no prior banking experience and who all have A*s/As in A levels.

Reply 2985

chromesilver7

2

Investment banking seems like a very good job. Is it boring?

Reply 2986

ProjectNr2

Original post by Anonynous

X number of candidates apply. X*75% are probably candidates with a good profile (meet the requirements/go to decent university).

Suppose X is on the lower end 5000-6000, those with a decent shot 3750 (per bank~). Now assume each bank takes 60 people that's a 1:62.5 ratio. Even if the figures aren't correct, it gives a decent analogy of what I'm trying to connote.

You can have a solid profile but regardless the numbers are swayed heavily against you.

I mean there's obviously the outstanding candidate who will get 3-4+ Spring Week offers but in its entirety it's pretty difficult to seperate first year students with little to no prior banking experience and who all have A*s/As in A levels.

this. The number of applicants would have to be significantly less to actually make a difference...

Reply 2987

Original post by chromesilver7

Investment banking seems like a very good job. Is it boring?

This isn't really the thread to be asking these types of questions. Apply for the spring insight programmes and take a look for yourself.

The answers you would get would be purely subjective and no real help to you. Do you like number crunching and formulating excel models? Do you like pricing financial products?

Reply 2988

Commercial Paper

Original post by ProjectNr2

this. The number of applicants would have to be significantly less to actually make a difference...

I can tell you, last year BNPP received substantially less applicants than say CS by a good margin. Think BNPP only had around 800 in total or something, it wasn't many relative to other big banks. But they only take about 25 people so roughly a 3.125% acceptance rate. Places like MS the acceptance rate is more like 1.2% for IBD.

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(edited 9 years ago)

Reply 2989

ProjectNr2

Original post by will2348

I can tell you, last year BNPP received substantially less applicants than say CS by a good margin. Think BNPP only had around 800 in total or something, it wasn't many relative to other big banks. But they only take about 25 people so roughly a 3.125% acceptance rate. Places like MS the acceptance rate is more like 1.2%.

Posted from TSR Mobile

damn thank you. Extremly interesting those numbers. Do you have something like a source where there are more of those or is that just what you calculated yourself?

Reply 2990

Commercial Paper

Original post by ProjectNr2

damn thank you. Extremly interesting those numbers. Do you have something like a source where there are more of those or is that just what you calculated yourself?

BNPP is from HR, CS I know had a fair bit into the thousands (a friend said) and the MS figures are based on a news report from Google (Search: 'Morgan Stanley Rejects 90,000 Applications') < imagine it is similar for SWs. Obviously it varies year on year a fair bit.

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(edited 9 years ago)

Sort of yes...

Original post by chromesilver7

Sort of yes...

When responding, quote the user you respond to.

What's your educational profile?

What year of study?/University?/Degree?

Reply 2993

DavidMonk

5

guys do you think we'll hear from banks in for the next 15 days or so ? (do they close for like christmas/new year periods)

cheers

Reply 2994

^ForTheDream^

Original post by vmwl

Just motivation and competency with some commercial awareness

Hi man! Congrats on that, but I don't quite understand: Did you have a first round telephone interview with MS for their Spring and now you are going to have the final round interview already? And if so, how was the first round interview like?

Would greatly appreciate your help!

Reply 2995

^ForTheDream^

Original post by Atty

yeah, all of them

Would you be so kind as to list all the 22 spring weeks you have applied to? I am so disappointed of myself right now...

Reply 2996

AnonymousGuyyy

Original post by Hody421

If i may, which uni?

It's not a target university

Reply 2997

Original post by ^forthedream^

would you be so kind as to list all the 22 spring weeks you have applied to? I am so disappointed of myself right now...

barclays
rbs
goldman sachs
nomura
bank of america
rothschild
bnp paribas
rbc capital markets insight day
bp (ist insight)
ey (insight into)
pwc
kpmg
deloitte
hsbc
shell
ubs
credit suisse
citigroup
deutsche bank
j.p. Morgan
morgan stanley
oliver wyman
mckinsey&co
blackrock
icap
lazard

Reply 2998

The-Illusionist