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Official Investment Banking Spring Week 2017 Thread

Everyone from my program's status changed as well.

You would only have room for Lazard. Don't see the problem. But I see your logic, I am also disappointed in my SW run despite having an offer.

But oh well, back to the drawing board and up that CV for summers.

dissapointed? it's more than most people have, be proud of that. that iniital opportunity to showcase yourself is all you need.

Reply 6661

tazza ma razza

19

Original post by desaf1

Lol why fidelity of all places

Best fixed income fund manager. Interest in AM lol ain't about the ibd life

Reply 6662

tazza ma razza

19

Original post by Princepieman

fidelity is quite fleeky

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Loool he knows :wink:

Reply 6663

Popstical1

Has anyone here had an acceptance offer from Rothschild?

Reply 6664

Ladbants

21

Original post by tazza ma razza

Best fixed income fund manager. Interest in AM lol ain't about the ibd life

Why fixed income instead of equities? Just interested because I know a lot of people interested in doing AM in equities but no one interested in FI

Reply 6665

Harold98

12

Original post by Ladbants

Why fixed income instead of equities? Just interested because I know a lot of people interested in doing AM in equities but no one interested in FI

In asset management firms, you'll be investing in corporate bonds anyway do its quite similar to equities, it's just that instead of buying their stock you're buying their bonds. It's not a hugely different world to equities.

Reply 6666

Trapz99

21

Original post by tazza ma razza

trust me mate its sad times. I have deloitte tax tho...

I am aiming for fidelity, shell, scroders, kpmg and one of Mckinsey/Oliver Wyman/BCG

AFAIA there is no clash.

Why shell? Do you mean the petrol company? Didn't even know they had a spring week

Good luck on your applications

Reply 6667

Quinqqq

Well, I guess that I have to wait till next week for my post-interview GS rejection...

Reply 6668

makrxx

11

Original post by chemibiophy

who did the first round of hsbc summer internship commercial banking phone interview? willing to offer info on lazard barclays goldman jpm ubs!

why hsbc, competencies. nothing to trip you over

was on the program last year, lmk if you need more info.

Reply 6669

Bias404

4

Original post by Quinqqq

Well, I guess that I have to wait till next week for my post-interview GS rejection...

Why so certain its a rejection?

Reply 6670

username2903378

13

I've seen phrases similar to "the only use of a SW is to try to convert it to an internship", but logically I disagree.

Say there are 2 guys from top Unis applying for JPM IB, one guy had no relevant work experience, the other has SWs at say Blackrock and Rothschild (perhaps they didn't want to convert them).

The SWs would certainly be a positive on your CV showing long term commitment to the industry.

Reply 6671

username738914

21

Original post by Quiet_Male

I've seen phrases similar to "the only use of a SW is to try to convert it to an internship", but logically I disagree.

Say there are 2 guys from top Unis applying for JPM IB, one guy had no relevant work experience, the other has SWs at say Blackrock and Rothschild (perhaps they didn't want to convert them).

The SWs would certainly be a positive on your CV showing long term commitment to the industry.

ugh, I thought this hypothetical ceteris paribas thing died with all the uni debates.. are you gonna apply it to summers now too? SWs are name brand boosts and Internship funnels, they aren't experience and aren't meant to be looked on as experience.

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Reply 6672

Ladbants

21

Original post by Princepieman

ugh, I thought this hypothetical ceteris paribas thing died with all the uni debates.. are you gonna apply it to summers now too? SWs are name brand boosts and Internship funnels, they aren't experience and aren't meant to be looked on as experience.

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So if you don't convert, you've basically wasted a week?

Reply 6673

ndm11

8

Original post by Ladbants

So if you don't convert, you've basically wasted a week?

Unless you enjoy it..
But if you hate banking, than you had nothing to do there in the first place.

Reply 6674

BusMan21

11

Original post by Ladbants

So if you don't convert, you've basically wasted a week?

If I was a recruiter for Summer I'd look at non-conversion SW and question it

Reply 6675

username2903378

13

Original post by Princepieman

ugh, I thought this hypothetical ceteris paribas thing died with all the uni debates.. are you gonna apply it to summers now too? SWs are name brand boosts and Internship funnels, they aren't experience and aren't meant to be looked on as experience.

Posted from TSR Mobile

Call it experience or a brand name boost the guys reading your CV dont care. It's fleshing our your CV with brand name finance.

Besides, there's a chance that people may convert their SW but fancy applying to a more reputable place anyway.

E.g. I wanna work at a BB IB, so if I get the SW from Roths/Blackrock/Fidelity I'd likely use it as CV boosters rather than intern pipelines.

Reply 6676

sinatraa

2

Alright so clearly SWs are not work exp. What kind of work exp do you guys do?

Reply 6677

reallydoe

1

Original post by sinatraa

Alright so clearly SWs are not work exp. What kind of work exp do you guys do?

It differs somewhat between banks but usually it's a mix of networking opportunities and training and workshop related activities. Basically the banks want you to get a positive picture of them.

GS conversion rates for IBD anyone? :smile: