<p>I just finished my junior year at a well-respected university although it's not an ivy league. This summer I will be interning in the Advisory group at a Big 4 (PwC, EY, Deloitte, KPMG). If I am offered a full time position, I am planning on holding off on accepting the offer until after I go through Investment Banking full time position recruitment. Do you think I have a chance? I know that most people going into investment banking intern during the summer after their junior year and receive full time offers. I received an intern offer at one of the Big 4 in the fall of my junior year and just accepted it right away without much thought. I should have looked into holding off on the offer and should have gone through investment banking recruitment which is in the Spring. I plan to use my experience at the Big 4 to stand out during recruitment. I think the competition for full time investment banking, which is in the Fall, on my school campus will be slim because most people would have been offered a full time position from their internship, but I know that positions are very limited as well. Do you think I have a good chance at getting interviews? How is hiring process different for juniors looking for internships and seniors looking for full time investment banking positions? Will I be expected to know much about investment banking whereas juniors just need to pass a couple behavioral interviews? </p>
<p>Dude, everyone wants to be an IB. that said, the investment banks hire you for your charisma, it is a glorified sales position that makes a lot of money. if they like you they will usually train you to do your job. prior experience helps, but is surely not required for smaller firms and even some larger firms. keep your GPA up to get noticed so you can get an interview. in the world of finance nothing is certain.</p>
<p>It’s become a norm today (different from a few years ago) that new IBD analysts are hired directly from summer internships. If you want to break into banking, you’ll probably have to aim for the lesser known banks, because those well-known ones on Wall St, especially the BB, will be doing a lot of full-time hiring from their summer analysts and most of them do accept their offers. </p>
<p>Also, banking isn’t a sales position, but it’s not that much more glamorous. Long story short, you’re going have to get to known Excel and PowerPoint like never before.</p>
<p>And advisory positions are a big 4 is a great job (Probably more rewarding and exciting than banking). I’m not sure how long you’ll have to accept that full-time offer if you land one, but if really want to aim for banking, then network over the summer in your local area and over the phone and then apply for full-time after the summer.</p>