GUEST COMMENT: My experience of the Goldman Sachs graduate recruitment process
I recently got an offer for a summer internship at GS. Having gone through the application process at a few banks, I can say that the Goldman recruitment process is unique (caveat – I’m based in continental Europe, so they may run a different process for European students, although I don’t think so). Here are [...]
GUEST COMMENT: These are the big differences between student interviews at investment banks in London and Paris
I am a French business student specializing in corporate finance. Having studied and interned on both sides of the Channel, I can say that there seem to be 4 main differences between the recruitment processes in the two countries. 1. Technical France vs. behavioural UK This is definitely the key difference. Over the past 2 [...]
GUEST COMMENT: 5 ways to adapt your CV if you want to get into an M&A boutique
There are numerous reasons why you might want to work for an M&A boutique. Firstly, they’re still hiring actively. Secondly – they offer excellent experience if you’re junior, with full exposure to the client and deal process on offer from the start. And thirdly, if you’re a more senior banker, a boutique can be a [...]
90% of students accept offers from Goldman Sachs, 70-84% accept offers from Morgan Stanley. The hedge fund manager who flyered car windscreens with his CV aged 16
Students appear to find Goldman Sachs a more appealing employer than Morgan Stanley. Last November, Goldman Sachs CEO Lloyd Blankfein said the bank received 300,000 student applications and that 90% of those to whom it made offers accepted. Last week, Morgan Stanley CEO James Gorman said plenty of people still want to work at Morgan Stanley and [...]
GUEST COMMENT: It’s time to get realistic and apply for the job in the back office
Let’s face it: banking has lost its shine. Under the searing heat of the sovereign debt crisis, bonus pools have become puddles and we are all at risk of redundancy. Throw in the constant banker-baiting in the press and it’s hard to see where the appeal lies. It’s curious therefore, that so many young people [...]
Is it really appropriate to claim you are the most unflaggingly hard worker in the world in your application to an investment bank?
US website Business Insider has availed itself of a covering letter sent by a student at New York University to JPMorgan. The letter is part of the student’s effort to gain a place on JPMorgan’s summer intern programme. We have reproduced it for your delectation below. Notable errors: – Referring to Morgan Stanley whilst [...]
Testing, Testing
Banks will test your numeracy, and logical and verbal reasoning skills from the initial application stage through to the final hurdle at their assessment centres, especially in EMEA and Asia-Pacific, so be prepared. The problem is, though, that different banks use different tactics when setting psychometric tests. Some will expect everyone to sit a numerical [...]
CVs, Cover Letters and Applications
In recent years more banks have started to ask students to submit a CV in place of (or sometimes as well as) an application form. Here, three graduate recruitment professionals offer advice on how to approach the written application. CVs Length Ideally one page, but never more than two. Contact details Put your name in [...]
Global Recruitment Timelines
EMEA Deadlines Most full-time graduate programmes closed between late October and mid-November, although some banks recruit into early December. Certain divisions, notably technology, operations and finance, have extended the recruitment process into the new year. Summer internship deadlines close in mid-January. Application form or CV Increasingly, banks are favouring CVs because of the volume of [...]
A guide to which UK universities are being targeted by which investment banks in 2011. And a ranking of the most bank-friendly unis
It’s milkround season! Now’s the time to go to all the careers fairs and presentations that investment banks are attending/making at your university – assuming you’re at one of the few universities they’re actually visiting this year. If you want to work at an investment bank, being at a targeted university makes a big difference. [...]
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