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How sucessful have you been?

7

How sucessful have you been so far?

How many applications have you made, and how many have been rejected and how many have accepted you for a first round interview?

Reply 1

fredstar

1 Application to JPMorgan and 1 offer, no need to do any more :smile:

. It is FO markets - equity derivatives sales.
But generally would advise to do at least 8 apps, at the end of the day at the interview stage it is all about your personality, your enthuasism for your area (implicitly tested through your knowledge) and luck. Unfortunately luck is exogenous so with 8 apps you are bound to be lucky.

Reply 2

fblade

14

fredstar

1 Application to JPMorgan and 1 offer, no need to do any more :smile:

. It is FO markets - equity derivatives sales.
But generally would advise to do at least 8 apps, at the end of the day at the interview stage it is all about your personality, your enthuasism for your area (implicitly tested through your knowledge) and luck. Unfortunately luck is exogenous so with 8 apps you are bound to be lucky.

Thats for the grad programme right?

Reply 3

mcic

15 Applications - only 1 first round interview so far. I haven't been officially rejected from any of my other applications (yet), but I haven't been invited for testing/interviews either (except the applications with automatic progression to online tests)

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Barclays Capital

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Bear Stearns

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BNP Paribas

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Citigroup

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Credit Suisse

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Deutsche Bank

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Dresdner Kleinwort

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Goldman Sachs

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HSBC CIBM

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JPMorgan

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Lehman Brothers

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Macquarie Bank

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Merrill Lynch

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Morgan Stanley

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UBS

OP, any reason for not posting your own success/failures?

Reply 4

jawa

mcic

15 Applications - only 1 first round interview so far. I haven't been officially rejected from any of my other applications (yet), but I haven't been invited for testing/interviews either (except the applications with automatic progression to online tests)

•

Barclays Capital

•

Bear Stearns

•

BNP Paribas

•

Citigroup

•

Credit Suisse

•

Deutsche Bank

•

Dresdner Kleinwort

•

Goldman Sachs

•

HSBC CIBM

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JPMorgan

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Lehman Brothers

•

Macquarie Bank

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Merrill Lynch

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Morgan Stanley

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UBS

OP, any reason for not posting your own success/failures?

My situation is very similar to yours.
Anyway, in my opinion, if they don't reply to you within 3 weeks, they don't reply to you.

Reply 5

mcic

jawa

My situation is very similar to yours.
Anyway, in my opinion, if they don't reply to you within 3 weeks, they don't reply to you.

Well, I only started submitting applications on October 1st and sent in my last one last weekend. I don't hold out much hope for the earlier ones (especially since alot of them have already started giving first round/assessment centre invites to other applicants.

There's a thread on IBTlk that started off with a great idea of people making a table of who they've applied to, what position and what stage they're at, but it doesn't seem to have worked very well, with people not updating their progression. It was a great idea though.

Reply 6

TommyS

Bank of America
Barclays Capital
Bear Stearns
BNP Paribas
CIBC World Markets
Citigroup
Credit Suisse
Goldman Sachs
HSBC CIBM
KBC Financial Products
Nomura
RBC Capital Markets
UBS

13 applications, 4 1st round interviews (3 telephone, 1 in person); 3 rejections, 1 uncertain

wow thats depressing. Have got an offer for CorpFin in one of the Big 4 though

Reply 7

AR1

jawa

My situation is very similar to yours.
Anyway, in my opinion, if they don't reply to you within 3 weeks, they don't reply to you.

Not always true. Most of the US based IBs reply after January (LB, GS, ML to name a few). Very few give internship offers before Dec (the ones I know of are BarCap, JPM and DB).

In fact, HSBC and BNPP have made internship offers in April/May! So there you go!

Reply 8

DoubleThePrice

OP

7

mcic

OP, any reason for not posting your own success/failures?

I've applied to about 7 or 8 BBs and only have 1 first round interview so far and 3 rejections(one of those being a failed numeracy test).

I'm applying mainly to technology roles though whereas I imagine most people in here are applying to FO roles.

Hopefully the non-BBs are less competitive.

Reply 9

jawa

AR1

Not always true. Most of the US based IBs reply after January (LB, GS, ML to name a few)

are you sure about this? that is very good news to hear because I have not heard back from them yet.

Reply 10

fredstar

fblade

Thats for the grad programme right?

Nope, this is for the summer internship 08. Works out perfectly so, fingers crossed, I get a '09 offer I can take a much needed gap year.

Reply 11

fuglyduckling

2

You guys are working hard - fredstar, you've made 15 intern apps already? I haven't even started :frown:

Incidentally, can anyone say which banks' online apps don't require an online test or take much time to fill out? I'm feeling lazy and would like to do 2/3 non time-consuming apps to get the ball rolling ;-)

Reply 12

DoubleThePrice

OP

7

From my experience, they all take at least an hour and a half to fill out (even it that means doing just a cover letter)

Reply 13

fredstar

fuglyduckling

You guys are working hard - fredstar, you've made 15 intern apps already? I haven't even started :frown:

Incidentally, can anyone say which banks' online apps don't require an online test or take much time to fill out? I'm feeling lazy and would like to do 2/3 non time-consuming apps to get the ball rolling ;-)

I think you mean the other guy, only been through one process with JP.
ML Have a pretty simple app where you just register a few details and take a numerical test, if you pass it you are invited to fill in a full application form.

Reply 14

mcic

fuglyduckling

You guys are working hard - fredstar, you've made 15 intern apps already? I haven't even started :frown:

Incidentally, can anyone say which banks' online apps don't require an online test or take much time to fill out? I'm feeling lazy and would like to do 2/3 non time-consuming apps to get the ball rolling ;-)

I'd say start with Merrill Lynch - they don't get you to fill in much info before they give you an online numerical (maybe verbal too, can't remember though) test - so you'll know if you've passed/failed before you start doing competency questions and all that time-consuming stuff.

Barclays Capital is also a good place - they give you an instant online test when you submit your application and they tell you if you've passed or failed straight away. If you pass you're practically guaranteed a first round interview.

TommyS

13 applications, 4 1st round interviews (3 telephone, 1 in person); 3 rejections, 1 uncertain

Can you tell us who you've had your 1st round and your definite rejections from? I've only gotten a first round from Barclays and haven't heard back from anybody else yet. I'm mainly applying to operations.

Reply 15

mcic

fredstar

ML Have a pretty simple app where you just register a few details and take a numerical test, if you pass it you are invited to fill in a full application form.

Great minds and all that...

Reply 16

HoodTrader

I would apply to JPM and GS first. Out of all the banks these are the only 2 that have reported quarterly earnings higher than expectations. The rest are all well below and in many of these cases they have already announced limited recruiting this time around as a result. I am guessing that with limited places available those who have already applied are very likely to fill the places. If you prefer to prioritise by which is easier to fill I think your possibly not giving yourself the best chance of getting a job?

Reply 17

rob325114

15 applications (with 10 to go!)

1 First round interview
2 Telephone interviews

1 Reject due to failed test (idiot)
1 Reject (defo Autofilter)

The rest havn't replied, although I don't know any of my mates that have had a significant number of replies so far. One of my rejections was a definate AutoFilter, with me submitting my application at 7:30pm and the rejection c9:30; its highly unlikely that HR work that late. I don't know what they filtered me out on... probably my university, as I've got pretty good grades across the board.

Reply 18

fuglyduckling

2

15 with 10 to go: Rob, you deserve an internship on effort alone! ;-)

I've hopefully got a guaranteed AC/Final Round with Morgan Stanley for F/I S&T coming up soon so I might just see how that goes before applying elsewhere. If I'm lucky, I might end up saving myself a lot of work!

Reply 19

mcic

Any specific names, rob325114?

It might be a good idea for people to post which of their applications have been reviewed/offered tests/1st round/2nd round interviews. It'd give people a better idea of their own application progress too.

For example:

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Name - Status (Date of Submission), Position

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Barclays Capital - Under review after 1st round (Submitted 4th October), Operations

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Bear Stearns - Under business review (Submitted 4th October), Operations

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BNP Paribas - Under review after online tests (Submitted 5th October), Operations

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Citigroup - New Application (Submitted 2nd October), Global Corporate Banking

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Credit Suisse - Under review after online tests (Submitted 29th September), Investment Banking

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Deutsche Bank - Under review (Submitted 4th October), Operations

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Dresdner Kleinwort - Under Consideration (Submitted 4th October), Risk Management

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Goldman Sachs - Application Received (12th October), Operations

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HSBC CIBM - Application Submitted (16th October), Operations

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JPMorgan - Under review after online tests (Submitted 13th October), Operations

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Lehman Brothers - New Application (Submitted 4th October), Operations

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Merrill Lynch - Under review after online tests (Submitted 6th October), Investment Banking

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Morgan Stanley - Can't check status (Submitted 12th October), Operations

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UBS - Can't check status (Submitted 12th October)

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