Hi everyone,
I don't really buy into this whole 'too early to apply' consensus. As it's a few weeks away from University, it seems logical to put your best efforts into great applications and not have to worry when there are the stresses of studies and the need to settle in well at University - you wouldn't want to become the hall hermit because you're polishing your psychometric testing and interview questions.
I've completed applications for all that are open - everything apart from JPM and BNPP - and I wouldn't say, contrary to the sometimes quite scalding remarks on here, that any are rushed or of a worse quality than if I'd have chosen to apply later on.
If anything, I'd say that next month - when I'm busy with my Society (Bath Finance), starting second year and looking for year abroad placements (modern languages student) - it would be harder to get 100% focus for an application with so much going on, let alone having 10 others to stress about.
I'm not particularly convinced by this idea of waiting for networking events either, in most cases. For the most cronyist sessions and fairs such as those at Oxbridge, LSE etc (and I'm not judging, I'd love to have the opportunities you guys do!), sure it might be worth waiting but it's worth remembering that people can still put a good word in internally once the applications are in, and I speak from experience.
I am attending the Bright Investment Banking Network on Monday (which I assume some of you are too) and rather than waiting until afterwards I have got on with it and highlighted this in the application. Putting "having spoken to your representatives at ____" and "this month I'm going to speak to your representatives at ____" seem synonymous to me, personally. As long as they know you're going, they'll assume you're going to network with their reps and by and large the reps will probably tell you the same 'unique' nuggets of information.
All I'm trying to say, I suppose, is that if you're looking through all these posts not knowing much about the SW process and you don't have that much to gain from waiting, it seems illogical to not apply when you've got tons of free time to perfect the applications. My position is fortunate because as a second year I've already been on an easter internship and got involved with things at University so I don't have to wait to find things to add, but I wouldn't wait for the sake of waiting because people on here seem desperate to make you feel bad about getting ahead.
Just my thoughts. I'm not stating this as fact so don't stone me! Any comments welcome.
Sources: A friend who is an MD in IBD at a BB bank who is involved in recruitment and every other representative I've spoken to at networking sessions always stress to apply early.
Background: 3A* (Maths, Econ, French), non-target uni (Bath), 1st class mark for first year, completed an Easter Internship at an accountancy firm and a Discovery Day at BP and on Committee of University Finance Society.