Audio wrote:
The bank that recruited the most at Wharton in IB for London (not including S&T) recruited 3 people, just to give you an idea. I don't know the figures for NY; they are typically higher, but I suspect that no bank recruited more than 3 people even for NY. Moreover, all the people I know that got offers already had banking experience.
I have a feeling that next year will be a bit better, but I really don't know how this market is going to evolve. Those who do manage to get jobs in these conditions though are well positioned for the future, in the sense that there will be a gap in that recruiting year.
Anyway, tough times, especially for career changers.
If you do not mind me asking, could you tell us how many were applying for the IB positions in London?
Also, 3 is a low number, and I am not familiar with IB recruiting, but I do know the size of the incoming Wharton class. Could you approximate how many people were gunning for IB, and how many actual firms come to hire? For instance, 3 hires is small, but if 4 BB banks and 20 boutique banks come to hire 2 spots each, then the playing field changes.
Thanks